SemiLEDs Corp Files Q1 2025 10-Q

TL;DR

SemiLEDs Corp filed its 10-Q for Q1 2025, check financials.

AI Summary

SemiLEDs Corp filed its 10-Q for the period ending November 30, 2024. The company reported on its financial performance and business operations. Key financial data and operational details are presented in this quarterly report.

Why It Matters

This filing provides investors and stakeholders with an update on SemiLEDs Corp's financial health and operational status for the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — As a publicly traded company, SemiLEDs Corp is subject to market fluctuations and regulatory requirements, making its financial reporting inherently medium risk.

Key Numbers

• 20250113 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
• 20241130 — Reporting Period End Date (The end date for the financial quarter covered by this report.)
• 001-34992 — SEC File Number (The SEC's assigned file number for SemiLEDs Corp.)

Key Players & Entities

• SemiLEDs Corp (company) — Filer of the 10-Q
• 2024-11-30 (date) — End of the reporting period
• 2025-01-13 (date) — Filing date
• RothCapitalPartnersLLPMember (company) — Mentioned in relation to sales agreements
• TrungDoanMember (person) — Mentioned in relation to a loan agreement

FAQ

Key Financial Figures

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

Filing Documents

• leds-20241130.htm (10-Q) — 1680KB
• leds-ex31_1.htm (EX-31.1) — 14KB
• leds-ex31_2.htm (EX-31.2) — 14KB
• leds-ex32_1.htm (EX-32.1) — 9KB
• leds-ex32_2.htm (EX-32.2) — 9KB
• 0000950170-25-004508.txt ( ) — 6657KB
• leds-20241130.xsd (EX-101.SCH) — 877KB
• leds-20241130_htm.xml (XML) — 1076KB

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of November 30, 2024 and August 31, 202 4 1 Unaudited Condensed Consolidated Statements of Operations for the three months ended November 30, 2024 and 20 23 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three months ended November 30, 2024 and 20 23 3 Unaudited Condensed Consolidated Statement of Changes in Equity for the three months ended November 30, 2024 and 20 23 4 Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended November 30, 2024 and 20 23 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 29 Item 4.

Controls and Procedures

Controls and Procedures 29

Other Information

Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 32 Item 6. Exhibits 32

— FINANC IAL INFORMATION

PART I — FINANC IAL INFORMATION

Financ ial Statements

Item 1. Financ ial Statements SEMILEDS CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolida ted Balance Sheets (In thousands of U.S. dollars and shares, except par value) November 30, August 31, 2024 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,248 $ 1,671 Restricted cash and cash equivalents 77 78 Accounts receivable (including related parties), net of allowance for doubtful accounts of $ 170 and $ 173 as of November 30, 2024 and August 31, 2024, respectively 261 416 Inventories, net 3,722 3,574 Prepaid expenses and other current assets 185 223 Total current assets 5,493 5,962 Property, plant and equipment, net 2,609 2,798 Operating lease right of use assets 1,041 1,091 Intangible assets, net 85 90 Investments in unconsolidated entities 949 969 Other assets 223 228 TOTAL ASSETS $ 10,400 $ 11,138 LIABILITIES AND EQUITY CURRENT LIABILITIES: Current installments of long-term debt $ 2,847 $ 2,854 Accounts payable 340 137 Accrued expenses and other current liabilities 2,799 2,936 Other payable to related partie s 1,049 1,001 Operating lease liabilities, current portion 76 94 Total current liabilities 7,111 7,022 Long-term debt, excluding current installments 744 870 Operating lease liabilities, less current portion 965 997 Total liabilities 8,820 8,889 Commitments and contingencies (Note 5) EQUITY: SemiLEDs stockholders' equity Common stock, $ 0.0000056 par value— 15,000 shares authorized; 7,212 shares issued and outstanding as of November 30, 2024 and August 31, 2024 — — Additional paid-in capital 187,277 187,337 Accumulated other comprehensive income 3,531 3,545 Accumulated deficit ( 189,228 ) ( 188,681 ) Total SemiLEDs stockholders' equity 1,580 2,201 Noncontrolling interests — 48 Total equity 1,580 2,249 TOTAL LIABILITIES AND EQUITY $

View Full Filing

View this 10-Q filing on SEC EDGAR