Technology News Alert: SemiLEDs Corporation (LEDS)

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SemiLEDs

SemiLEDs Corporation (LEDS), a designer and maker of LED chips and LED parts, as of late proclaimed its money related outcomes for the final quarter and entire year of financial year 2017, completed August 31, 2017. Income for the final quarter of financial 2017 was $2.6M, a 22.0% expansion differentiation to $2.10M in the second from last quarter of monetary 2017. GAAP net misfortune owing to SemiLEDs investors for the final quarter of financial 2017 was $0.70M, complexity to lost $1.60M in the second from last quarter of 2017, or a net loss of $0.190 per weakened offer, difference to a net loss of $0.450 per weakened offer for the second from last quarter of monetary 2017. SemiLEDs The Company‘s money and money reciprocals was $3.6M as of August 31, 2017, complexity to $3.10M toward the finish of the second from last quarter of financial 2017. The net trade inflows out working exercises was $0.50M in the final quarter of monetary 2017, stand out from net trade surges $0.90M out the second from last quarter of financial 2017. GAAP net edge for the final quarter of monetary 2017 was 6.0%, stand out from net edge for the second from last quarter of financial 2017 of negative 9.0%. Working edge for the final quarter of financial 2017 was negative 31.0%, appear differently in relation to negative 61.0% in the second from last quarter of monetary 2017.

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 We expect income for the main quarter finishing November 30, 2017 to be $2.1M +/ – 15.0%.

Income for the monetary year 2017 was $9.20M, a 9% diminish difference to $10.10M in the financial year 2016. GAAP net misfortune owing to SemiLEDs investors for the financial year 2017 was $4.10M, difference to lost $21.30M in the monetary year 2016 or a net loss of $1.160 per weakened offer, complexity to a net loss of $7.250 per weakened offer for the monetary year 2016. The Company’s money and money counterparts was $3.60M as of August 31, 2017, difference to $6.00M as of August 31, 2016. The net trade outpourings out working exercises was $2.10M in the monetary year 2017, diverge from net trade surges $3.40M out the financial year 2016. GAAP net edge for the financial year 2017 was 1.0%, appear differently in relation to net edge for the monetary year 2016 of negative 49.0%. Working edge for the monetary year 2017 was negative 47.0%, diverge from negative 203.0% in the financial year 2017.

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