SemiLEDs Corporation, a developer and manufacturer of LED chips and LED components, has posted its financial results for the fourth quarter and full year of fiscal year 2018, ended August 31, 2018.

(Image: SemiLEDs)

Revenues for the fourth quarter and for the third quarter of fiscal 2018 were both approximately US$2.0 million. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2018 was US$1.1 million, compared to a loss of $326 thousand in the third quarter of 2018, or a net loss of US$0.32 per diluted share, compared to a net loss of US$0.09 per diluted share for the third quarter of fiscal 2018.

For fiscal 2018, the revenue was US$7.5 million, a 19% decrease compared to US$9.2 million in the fiscal year 2017. GAAP net loss attributable to SemiLEDs stockholders for the fiscal year 2018 was US$3.0 million, compared to a loss of US$4.1 million in the fiscal year 2017 or a net loss of US$0.84 per diluted share, compared to a net loss of US$1.16 per diluted share for the fiscal year 2017.

GAAP gross margin for the fiscal year 2018 was negative 6%, compared with gross margin for the fiscal year 2017 of 1%. Operating margin for the fiscal year 2018 was negative 49%, compared with negative 47% in the fiscal year 2017. The Company’s cash and cash equivalents was US$3.4 million as of August 31, 2018, compared to US$3.6 million as of August 31, 2017.