SemiLEDs Corp LEDS
We develop, manufacture and sell light emitting diode (LED) chips and LED components, LED modules and systems. Our products are used for general lighting and specialty industrial applications, including ultraviolet, or UV, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, germicidal and viricidal devices LED lighting for horticulture applications, architectural lighting and entertainment lighting.
Utilizing our patented and proprietary technology, our manufacturing process begins by growing upon the surface of a sapphire wafer, or substrate, several very thin separate semiconductive crystalline layers of gallium nitride, or GaN, a process known as epitaxial growth, on top of which a mirror‑like reflective silver layer is then deposited. After the subsequent addition of a copper alloy layer and finally the removal of the sapphire substrate, we further process this multiple‑layered material to create individual vertical LED chips.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- India
- Other (individually less than 5% of total net revenues)
- Japan
| Region | FY2025 |
|---|---|
| India | $38.1M |
| Other (individually less than 5% of total net revenues) | $2.7M |
| Japan | $2.2M |
As the company reported it, from the “Product and Geographic Information - Revenues by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.0M | $5.2M | $6.0M | $7.1M | $4.7M | $6.1M | $5.9M | $7.5M | $9.2M | $10.1M |
| Cost of revenue | $40.6M | $4.1M | $5.0M | $5.7M | $3.7M | $4.5M | $5.5M | $7.9M | $9.1M | $15.1M |
| Gross profit | $2.4M | $1.1M | $1.0M | $1.4M | $1.0M | $1.6M | $452.0K | -$435.0K | $82.0K | -$4.9M |
| R&D | $1.2M | $1.2M | $1.4M | $1.5M | $1.6M | $1.5M | $1.6M | $957.0K | $851.0K | $2.0M |
| SG&A | $2.9M | $2.9M | $3.1M | $3.3M | $3.6M | $2.8M | $2.8M | $3.2M | $3.7M | $4.8M |
| Total operating expenses | $4.0M | $4.0M | $4.4M | $4.6M | $5.0M | $3.7M | $4.1M | $3.2M | $4.4M | $15.7M |
| Operating income | -$1.6M | -$2.9M | -$3.4M | -$3.2M | -$3.9M | -$2.1M | -$3.7M | -$3.7M | -$4.3M | -$20.6M |
| Pre-tax income | -$1.1M | -$2.0M | -$2.7M | -$2.7M | -$2.9M | -$547.0K | -$3.6M | -$3.0M | -$4.1M | -$21.3M |
| Net income | -$1.1M | -$2.0M | -$2.7M | -$2.7M | -$2.9M | -$544.0K | -$3.6M | -$3.0M | -$4.1M | -$21.3M |
| EPS, basic | -0.15 | -0.32 | -0.55 | -0.61 | -0.68 | — | — | — | — | — |
| EPS, diluted | -0.15 | -0.32 | -0.55 | -0.61 | -0.68 | -0.15 | -1.00 | -0.84 | -1.16 | -7.25 |
| Shares, diluted (wtd. avg.) | 7.7M | 6.3M | 4.9M | 4.5M | 4.2M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.6M | $1.7M | $2.7M | $4.5M | $5.0M | $3.0M | $1.5M | $3.5M | $3.7M | $6.0M |
| Receivables | $3.6M | $416.0K | $793.0K | $880.0K | $865.0K | $1.3M | $703.0K | $282.0K | $1.1M | $900.0K |
| Inventory | $4.8M | $3.6M | $4.0M | $3.8M | $3.9M | $2.5M | $2.1M | $1.8M | $2.9M | $4.1M |
| Total current assets | $11.3M | $5.9M | $7.6M | $9.1M | $10.1M | $7.5M | $4.6M | $5.9M | $8.0M | $11.6M |
| Property, plant and equipment | $2.7M | $2.8M | $3.2M | $4.1M | $5.2M | $5.6M | $5.9M | $7.2M | $8.3M | $8.8M |
| Other intangibles | $100.0K | $90.0K | $97.0K | $102.0K | $126.0K | $89.0K | $93.0K | $98.0K | $104.0K | $44.0K |
| Total assets | $15.6M | $11.1M | $13.5M | $16.1M | $18.2M | $14.6M | $11.7M | $14.2M | $17.7M | $22.2M |
| Accounts payable | $5.0M | $137.0K | $436.0K | $286.0K | $753.0K | $536.0K | $680.0K | $894.0K | $1.1M | $1.3M |
| Short-term debt | $1.3M | $2.9M | $5.0M | $5.1M | $5.1M | $4.8M | $398.0K | $335.0K | $335.0K | $314.0K |
| Total current liabilities | $11.4M | $7.0M | $9.7M | $9.3M | $9.5M | $9.0M | $3.9M | $7.2M | $7.5M | $4.9M |
| Long-term debt | $434.0K | $870.0K | $1.3M | $1.9M | $2.6M | $2.9M | $6.0M | $2.0M | $2.4M | $2.6M |
| Total liabilities | $12.8M | $8.9M | $12.3M | $12.6M | $13.6M | $12.0M | $9.9M | $9.2M | $9.9M | $10.6M |
| Retained earnings | -$189.8M | -$188.7M | -$186.6M | -$184.0M | -$181.2M | -$178.4M | -$177.8M | -$174.3M | -$171.3M | -$167.2M |
| Total equity | $2.8M | $2.2M | $1.2M | $3.5M | $4.6M | $2.6M | $1.8M | $5.0M | $7.8M | $11.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.2M | -$365.0K | -$984.0K | -$1.5M | -$1.7M | -$1.0M | -$3.5M | -$1.2M | -$2.1M | -$3.4M |
| Depreciation and amortisation | $717.0K | $612.0K | $1.0M | $938.0K | $897.0K | $843.0K | $1.1M | $998.0K | $1.1M | $5.5M |
| Stock-based compensation | $92.0K | $282.0K | $518.0K | $459.0K | $186.0K | $101.0K | $149.0K | $141.0K | $25.0K | $382.0K |
| Capital expenditure | $569.0K | $123.0K | $200.0K | $280.0K | $118.0K | $271.0K | $127.0K | $341.0K | $150.0K | $821.0K |
| Investing cash flow | -$595.0K | -$101.0K | -$321.0K | -$113.0K | $159.0K | $518.0K | -$2.6M | $1.2M | $31.0K | -$535.0K |
| Financing cash flow | -$622.0K | -$449.0K | -$456.0K | $490.0K | $4.0M | $2.4M | $4.1M | -$331.0K | -$369.0K | $5.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-303981.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1M | $9.2M | $7.5M | $5.9M | $6.1M | $4.7M | $7.1M | $6.0M | $5.2M | $43.0M |
| Gross profit | -$4.9M | $82.0K | -$435.0K | $452.0K | $1.6M | $1.0M | $1.4M | $1.0M | $1.1M | $2.4M |
| Net income | -$21.3M | -$4.1M | -$3.0M | -$3.6M | -$544.0K | -$2.9M | -$2.7M | -$2.7M | -$2.0M | -$1.1M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced Item 2.02
- Auditor changed Item 4.01
- Results announced Item 2.02
- Delisting notice Item 3.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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