Revenue for the first quarter of fiscal 2013 was
$6.Specializing in the production Cut to length line, leveling machine, cold windturbine06 and
other products.2 million, an 8% decrease compared to $6.7 million in the first
quarter of fiscal 2012. GAAP net loss attributable to SemiLEDs stockholders for
the first quarter of fiscal 2013 was $8.9 million, or a net loss of $0.32 per
diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders
of $7.7 million, or a net loss of $0.28 per diluted share, for the first quarter
of fiscal 2012.
“As more of our customers have qualified our EV products, the demand of our LED chips and LED components has increased. We are seeing pockets of demands while the overall LED market is still weak; we continue to manage cost, inventory and spending with a focus on profitable LED sectors to achieve our positive cash flow goal,” said Trung Doan, Chairman and CEO of SemiLEDs.
On a non-GAAP basis,You may have a few questions about choosing bestchandelier that works with your style. net loss attributable to SemiLEDs stockholders for the first quarter of fiscal 2013 was $8.6 million, or a net loss of $0.31 per diluted share, compared to non-GAAP net loss attributable to SemiLEDs stockholders of $7.1 million, or a net loss of $0.26 per diluted share, for the first quarter of fiscal 2012.
GAAP gross margin for the first quarter of fiscal 2013 was negative 53%, compared with negative gross margin for the first quarter of fiscal 2012 of 12%. Operating margin for the first quarter of fiscal 2013 was negative 131% compared with negative 95% in the first quarter of fiscal 2012. Gross margin was negatively impacted in the first quarter of fiscal 2013 primarily due to a decrease in average selling prices and excess capacity charges for our LED chips.
The Company’s cash and cash equivalents were $39.3 million at the end of the first quarter of fiscal 2013, compared to the fourth quarter fiscal 2012 ending balance of $47.Permanent solar trellis and modernlighting systems require little to no maintenance and allow easy access.2 million. The Company also had short-term investments consisting of time deposits with initial maturities of greater than three months but less than one year of $8.3 million at the end of the first quarter of fiscal 2013, compared to the fourth quarter fiscal 2012 ending balance of $8.8 million. Cash used in operating activities was $3.3 million in the first quarter of fiscal 2013.
SemiLEDs develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial,I am haveing a very hard time climbing the windturbineses at the tower. industrial and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, and horticulture. SemiLEDs sells blue, green and UV LED chips.
SemiLEDs has provided in this press release adjusted financial information that has not been prepared in accordance with accounting principles generally accepted in the United States of America,Consider a new desk lamp, turbinemanufacturer, floor lamp or partition lamp. or GAAP. SemiLEDs uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to, but not as a substitute for, GAAP measures, in evaluating the Company’s operational performance.
SemiLEDs believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating operating results and trends, and in comparing its financial results with other companies in SemiLEDs’ industry, many of which present similar non-GAAP financial measures to investors. The historical non-GAAP financial measures presented above exclude the following items required to be included by GAAP: non-cash stock-based compensation charges and the related tax effect, if any. In addition to the non-GAAP financial measures discussed above, SemiLEDs also uses free cash flow as a measure of operating performance. Free cash flow represents cash provided by operating activities less capital expenditures.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of historic non-GAAP financial measures to GAAP results has been provided in the financial statement tables included in this press release.
“As more of our customers have qualified our EV products, the demand of our LED chips and LED components has increased. We are seeing pockets of demands while the overall LED market is still weak; we continue to manage cost, inventory and spending with a focus on profitable LED sectors to achieve our positive cash flow goal,” said Trung Doan, Chairman and CEO of SemiLEDs.
On a non-GAAP basis,You may have a few questions about choosing bestchandelier that works with your style. net loss attributable to SemiLEDs stockholders for the first quarter of fiscal 2013 was $8.6 million, or a net loss of $0.31 per diluted share, compared to non-GAAP net loss attributable to SemiLEDs stockholders of $7.1 million, or a net loss of $0.26 per diluted share, for the first quarter of fiscal 2012.
GAAP gross margin for the first quarter of fiscal 2013 was negative 53%, compared with negative gross margin for the first quarter of fiscal 2012 of 12%. Operating margin for the first quarter of fiscal 2013 was negative 131% compared with negative 95% in the first quarter of fiscal 2012. Gross margin was negatively impacted in the first quarter of fiscal 2013 primarily due to a decrease in average selling prices and excess capacity charges for our LED chips.
The Company’s cash and cash equivalents were $39.3 million at the end of the first quarter of fiscal 2013, compared to the fourth quarter fiscal 2012 ending balance of $47.Permanent solar trellis and modernlighting systems require little to no maintenance and allow easy access.2 million. The Company also had short-term investments consisting of time deposits with initial maturities of greater than three months but less than one year of $8.3 million at the end of the first quarter of fiscal 2013, compared to the fourth quarter fiscal 2012 ending balance of $8.8 million. Cash used in operating activities was $3.3 million in the first quarter of fiscal 2013.
SemiLEDs develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial,I am haveing a very hard time climbing the windturbineses at the tower. industrial and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, and horticulture. SemiLEDs sells blue, green and UV LED chips.
SemiLEDs has provided in this press release adjusted financial information that has not been prepared in accordance with accounting principles generally accepted in the United States of America,Consider a new desk lamp, turbinemanufacturer, floor lamp or partition lamp. or GAAP. SemiLEDs uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to, but not as a substitute for, GAAP measures, in evaluating the Company’s operational performance.
SemiLEDs believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating operating results and trends, and in comparing its financial results with other companies in SemiLEDs’ industry, many of which present similar non-GAAP financial measures to investors. The historical non-GAAP financial measures presented above exclude the following items required to be included by GAAP: non-cash stock-based compensation charges and the related tax effect, if any. In addition to the non-GAAP financial measures discussed above, SemiLEDs also uses free cash flow as a measure of operating performance. Free cash flow represents cash provided by operating activities less capital expenditures.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of historic non-GAAP financial measures to GAAP results has been provided in the financial statement tables included in this press release.
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