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SemiLEDs Corp
LEDSCIK 0001333822NasdaqNon-AcceleratedSmaller ReportingSemiconductors & Related DevicesFY ends Aug 31
Period
FY 2025
Revenue
$43.01M
Net Income
$-1.13M
Total Assets
$15.59M
Equity
$2.78M
Shares Out
8.26M
Op. Cash Flow
$2.20M
Business
SemiLEDs Corp develops, manufactures and sells light emitting diode (LED) chips, LED components, LED modules and lighting systems for general and specialty industrial applications. Its product offerings include EV series blue, white, green and UV LED chips, packaged LED components (UV, MCE, automotive, specialty), LED luminaires and retrofit fixtures, OEM/ODM design and wafer‑level sensor packages developed with a Japanese partner. The company operates core businesses in chip fabrication, packaging/components, lighting products and modular/system OEM/ODM services. It sells through distributors and a direct sales force in selected international markets including India, Japan, the Netherlands and the United States, with manufacturing conducted in Taiwan and use of contract manufacturers and foundry fabs.
Summary from filing dated 2025-11-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Revenues, net | 43 | 5 | 6 | 7 | 5 | |
| Cost of revenues | 41 | 4 | 5 | 6 | 4 | |
| Gross profit | 2 | 1 | 1 | 1 | 1 | |
| Research and development | 1 | 1 | 1 | 1 | 2 | |
| Selling, general and administrative | 3 | 3 | 3 | 3 | 4 | |
| Gain on disposals of long-lived assets, net | — | −49,000 | — | −196,000 | −286,000 | |
| Total operating expenses | 4 | 4 | 4 | 5 | 5 | |
| Loss from operations | −2 | −3 | −3 | −3 | −4 | |
| Investment loss from unconsolidated entities | −958,000 | −3,000 | −1,000 | — | — | |
| Interest expenses, net | −141,000 | −247,000 | −287,000 | −369,000 | −371,000 | |
| Other income, net | 1 | 1 | 1 | 1 | 1 | |
| Foreign currency transaction gain (loss), net | 464,000 | −13,000 | −52,000 | −642,000 | 342,000 | |
| Total other income, net | 465,000 | 918,000 | 714,000 | 474,000 | 1 | |
| Loss before income taxes | −1 | −2 | −3 | −3 | −3 | |
| Net loss | −1 | −2 | −3 | −3 | −3 | |
| Less: Net income attributable to noncontrolling interests | — | 5,000 | — | 18,000 | −6,000 | |
| Net loss attributable to SemiLEDs stockholders | −1 | −2 | −3 | −3 | −3 | |
| Basic (per share) | −0.15 | −0.32 | −0.55 | −0.61 | −0.68 | |
| Diluted (per share) | −0.15 | −0.32 | −0.55 | −0.61 | −0.68 | |
| Basic (shares) | 8 | 6 | 5 | 5 | 4 | |
| Diluted (shares) | 8 | 6 | 5 | 5 | 4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 2 | 3 | 4 | 5 | |
| Accounts receivable (including related parties), net of allowance for doubtful accounts of $180 and $173 as of August 31, 2025 and 2024, respectively) | 4 | 416,000 | 793,000 | 880,000 | 865,000 | |
| Inventories, net | 5 | 4 | 4 | 4 | 4 | |
| Prepaid expenses and other current assets | 345,000 | 223,000 | 129,000 | 123,000 | 329,000 | |
| Total current assets | 11 | 6 | 8 | 9 | 10 | |
| Property, plant and equipment, net | 3 | 3 | 3 | 4 | 5 | |
| Operating lease right of use assets | 1 | 1 | 1 | 2 | 2 | |
| Intangible assets, net | 100,000 | 90,000 | 97,000 | 102,000 | 126,000 | |
| Investments in unconsolidated entities | 65,000 | 969,000 | 974,000 | 922,000 | 1 | |
| Other assets | 272,000 | 306,000 | 186,000 | 170,000 | 169,000 | |
| TOTAL ASSETS | 16 | 11 | 13 | 16 | 18 | |
| Current installments of long-term debt | 1 | 3 | 5 | 5 | 5 | |
| Accounts payable | 5 | 137,000 | 436,000 | 286,000 | 753,000 | |
| Accrued expenses and other current liabilities | 4 | 3 | 3 | 3 | 3 | |
| Other payable to related parties | 1 | 1 | 1 | 1 | — | |
| Operating lease liabilities, current portion | 145,000 | 94,000 | 139,000 | 143,000 | 98,000 | |
| Total current liabilities | 11 | 7 | 10 | 9 | 10 | |
| Long-term debt, excluding current installments | 434,000 | 870,000 | 1 | 2 | 3 | |
| Operating lease liabilities, less current portion | 996,000 | 997,000 | 1 | 1 | 2 | |
| Total liabilities | 13 | 9 | 12 | 13 | 14 | |
| Commitments and contingencies (Note 6) | — | — | — | — | — | |
| Common stock, $0.0000056 par value-15,000 shares authorized; 8,226 shares and 7,212 shares issued and outstanding as of August 31, 2025 and 2024, respectively | — | — | — | — | — | |
| Additional paid-in capital | 189 | 187 | 184 | 184 | 182 | |
| Accumulated other comprehensive income | 4 | 4 | 4 | 4 | 4 | |
| Accumulated deficit | −190 | −189 | −187 | −184 | −181 | |
| Total SemiLEDs stockholders equity | 3 | 2 | 1 | 3 | 5 | |
| Noncontrolling interests | — | 48,000 | 43,000 | 45,000 | 39,000 | |
| Total stockholders' equity | 3 | 2 | 1 | 3 | 5 | |
| TOTAL LIABILITIES AND EQUITY | 16 | 11 | 13 | 16 | 18 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 717,000 | 612,000 | 1 | 938,000 | 897,000 | |
| Stock-based compensation expense | 92,000 | 282,000 | 518,000 | 459,000 | 186,000 | |
| Bad debt expense | 115,000 | 0 | 0 | 126,000 | 540,000 | |
| Provisions for inventory write-downs | 323,000 | 411,000 | 627,000 | 807,000 | 659,000 | |
| Loss from unconsolidated entities | 958,000 | 3,000 | — | — | — | |
| Accounts receivable | −3 | 460,000 | −147,000 | 171,000 | 158,000 | |
| Inventories | −1 | 28,000 | −1 | −940,000 | −2 | |
| Prepaid expenses and other assets | −213,000 | 14,000 | 155,000 | −53,000 | 37,000 | |
| Accounts payable | 5 | −289,000 | 157,000 | −388,000 | 175,000 | |
| Accrued expenses and other current liabilities | 1 | 194,000 | 398,000 | 285,000 | 578,000 | |
| Net cash provided by (used in) operating activities | 2 | −365,000 | −984,000 | −2 | −2 | |
| Purchases of property, plant and equipment | −569,000 | −123,000 | −200,000 | −280,000 | −118,000 | |
| Proceeds from sales of property, plant and equipment | — | 51,000 | — | 196,000 | 291,000 | |
| Payments for development of intangible assets | −25,000 | −29,000 | −28,000 | −13,000 | −14,000 | |
| Placement of refundable deposits | −1,000 | — | — | −16,000 | — | |
| Net cash used in investing activities | −595,000 | −101,000 | −321,000 | −113,000 | 159,000 | |
| Repayments of long-term debt | −480,000 | −449,000 | −456,000 | −482,000 | −173,000 | |
| Acquisition of noncontrolling interests | −142,000 | — | — | −23,000 | −12,000 | |
| Net cash used in financing activities | −622,000 | −449,000 | −456,000 | 490,000 | 4 | |
| Effect of exchange rate changes on cash and cash equivalents | −65,000 | 14,000 | 50,000 | 555,000 | −396,000 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 930,000 | −901,000 | −2 | −576,000 | 2 | |
| Cash paid for interest | 171,000 | 288,000 | 371,000 | 371,000 | 374,000 | |
| Conversion of convertible notes payable to common stock | — | 2 | — | — | — | |
| Issuance of common stock to repay long-term loan | 2 | 1 | — | — | — |
Filings
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