SemiLEDs Corp Files 10-Q for Q3 2024

TL;DR

SemiLEDs Corp dropped its Q3 2024 10-Q. Check financials.

AI Summary

SemiLEDs Corp filed its 10-Q for the period ending May 31, 2024, reporting on its third fiscal quarter. The filing details financial performance and operational updates for the company, which is involved in the semiconductor industry. Specific financial figures and operational details for the quarter are presented within the report.

Why It Matters

This 10-Q filing provides investors and analysts with crucial financial and operational insights into SemiLEDs Corp's performance during the third quarter of fiscal year 2024.

Risk Assessment

Risk Level: medium — As a publicly traded company in the volatile semiconductor sector, SemiLEDs Corp faces inherent market and operational risks detailed in its SEC filings.

Key Numbers

• Q3 — Fiscal Quarter (Reporting period for the 10-Q filing)
• 2024-05-31 — End of Fiscal Period (The date through which financial information is reported)

Key Players & Entities

• SemiLEDs Corp (company) — Filer of the 10-Q
• 20240531 (date) — End of the reporting period
• 20240711 (date) — Filing date
• Roth Capital Partners LLC (company) — Mentioned in relation to an ATM Program and Sales Agreement
• Taiwan Bandaoti Zhaoming Co Ltd (company) — Subsidiary or related entity
• SemiLEDs Optoelectronics Company Limited (company) — Subsidiary or related entity

FAQ

Key Financial Figures

• $0.0000056 — ch registered Common Stock, par value $0.0000056 LEDS The Nasdaq Stock Market Indi

Filing Documents

• leds-20240531.htm (10-Q) — 1856KB
• leds-ex31_1.htm (EX-31.1) — 12KB
• leds-ex31_2.htm (EX-31.2) — 12KB
• leds-ex32_1.htm (EX-32.1) — 7KB
• leds-ex32_2.htm (EX-32.2) — 7KB
• 0000950170-24-082869.txt ( ) — 6958KB
• leds-20240531.xsd (EX-101.SCH) — 920KB
• leds-20240531_htm.xml (XML) — 1113KB

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of May 31, 2024 and August 31, 2023 1 Unaudited Condensed Consolidated Statements of Operations for the three and nine months ended May 31, 2024 and 202 3 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended May 31, 2024 and 2023 3 Unaudited Condensed Consolidated Statement of Changes in Equity for the three and nine months ended May 31, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended May 31, 2024 and 2023 5 Notes to Unaudited Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 33

Other Information

Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 36

Signatures

Signatures 37 Table of Contents

— FINA NCIAL INFORMATION

PART I — FINA NCIAL INFORMATION

Finan cial Statements

Item 1. Finan cial Statements SEMILEDS CORPORATION AND SUBSIDIARIES Unaudited Condensed Co nsolidated Balance Sheets (In thousands of U.S. dollars and shares, except par value) May 31, August 31, 2024 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,676 $ 2,572 Restricted cash and cash equivalents 77 78 Accounts receivable (including related parties), net of allowance for doubtful accounts of $ 170 and $ 173 as of May 31, 2024 and August 31, 2023, respectively 668 793 Inventories 3,673 4,022 Prepaid expenses and other current assets 282 129 Total current assets 6,376 7,594 Property, plant and equipment, net 2,788 3,233 Operating lease right of use assets 1,109 1,371 Intangible assets, net 91 97 Investments in unconsolidated entities 957 974 Other assets 190 186 TOTAL ASSETS $ 11,511 $ 13,455 LIABILITIES AND EQUITY CURRENT LIABILITIES: Current installments of long-term debt $ 2,848 $ 5,042 Accounts payable 203 436 Accrued expenses and other current liabilities 2,665 2,711 Other payable to related parties 952 1,374 Operating lease liabilities, current 108 139 Total current liabilities 6,776 9,702 Long-term debt, excluding current installments 969 1,327 Operating lease liabilities, less current portion 1,001 1,232 Total liabilities 8,746 12,261 Commitments and contingencies (Note 5) EQUITY: SemiLEDs stockholders' equity Common stock, $ 0.0000056 par value— 7,500 shares authorized; 7,196 shares and 4,941 shares issued and outstanding as of May 31, 2024 and August 31, 2023, respectively — — Additional paid-in capital 187,306 184,246 Accumulated other comprehensive income 3,530 3,550 Accumulated deficit ( 188,121 ) ( 186,645 ) Total SemiLEDs stockholders' equity 2,715 1,151 Noncontrolling interests 50 43 Total equity 2,765 1,194 TOTAL LIABILITIES AND EQ

View Full Filing

View this 10-Q filing on SEC EDGAR