Earnings Roundup: SemiLEDs Corporation (NASDAQ: LEDS)

Raymond Young

I am Raymond Young and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind Import Tourism with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Technology” category.

Address: 3194 Flynn Street, Garfield Heights, OH 44125, USA
Phone: (+1) 440-829-5759
Email: raymondyoung@importtourism.com
Raymond Young

HSINCHU, Taiwan, June 26, 2019 – Shares of SemiLEDs Corporation (NASDAQ: LEDS) showed the bearish trend with a lower momentum of -5.08% to $2.99. The company traded total volume of 11.819K shares as contrast to its average volume of 94.66K shares. The company has a market value of $10.55M and about 3.53M shares outstanding.

SemiLEDs Corporation (LEDS), a developer and manufacturer of LED chips and LED components, recently reported that revenue for the second quarter of fiscal 2019 was $1.60M, a 68% increase contrast to $972.0K in the first quarter of fiscal 2019. GAAP net loss attributable to SemiLEDs stockholders for the second quarter of fiscal 2019 was $847.0K, contrast to a loss of $978.0K in the first quarter of fiscal 2019, or a net loss of $0.24 per diluted share, contrast to a net loss of $0.27 per diluted share for the first quarter of fiscal 2019. In the second quarter, we shut down our manufacturing production for two weeks because of the Chinese New Year holiday.

The Company offered net profit margin of -50.10% while its gross profit margin was -4.00%. ROE was recorded as -70.20% while beta factor was 2.67. The stock, as of recent close, has shown the weekly downbeat performance of -1.64% which was maintained at 10.74% in this year.

Raymond Young

Raymond Young

I am Raymond Young and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Import Tourism with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Technology” category. Address: 3194 Flynn Street, Garfield Heights, OH 44125, USA Phone: (+1) 440-829-5759 Email: raymondyoung@importtourism.com