Home Equities Score SemiLEDS Corporation (NASDAQ:LEDS) stock surged in the afterhours trading session; here’s why

SemiLEDS Corporation (NASDAQ:LEDS) stock surged in the afterhours trading session; here’s why

At last check, in the after-hours trading session, LEDS stock had slumped by -19.02% to the price of $4.81. LEDS stock closed previous session at $5.94 gaining 57.98%. The stock volume traded today 16.57 million shares, while the average 3 months trade volume has been 581.91K shares. In the past year, up-to-date LEDS stock surged by 198.49% and in the past week, the shares jumped up by 46.67%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Here’s all there is to know about how SemiLEDs Corporation runs its operations

SemiLEDs Corporation is a semiconductor company that specifically focuses on the development, manufacturing, and commercializing light-emitting diode (LED) chips, LED modules, and systems. The operations of SemiLEDstake place domestically in the United States and internationally in Taiwan, Germany, the Netherlands, Japan, Ireland, and other emerging markets. The corporation was founded in 2005and is headquartered in Chunan, Taiwan.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

SemiLEDs Corporation provides a diverse range of products which include LED product series in multiple colours, LED chips to value-added resellers and distributors. The company also provides lighting products and is original design producers of the end-user lighting devices.

The clients use these products for general lighting applications, including commercial, industrial, and residential lighting. The clientele for SemiLEDS products belong from specialty industries and companies, that require ultraviolet or UV, polymer curing, cosmetic applications and medical for light therapies, UV light for detecting fake or counterfeit money, architectural and aesthetics lighting, and lighting entertainment.

SemiLEDS announces its second-quarter fiscal year 2021’s financial result

On 9th April 2021, the developer and manufacturer of LED, SemiLEDs Corp. announced that it is releasing its financial result for the 2nd quarter of fiscal year 2021. This fiscal year period ended on 28th of February 2021. The LED stock has performed exceedingly well for its second quarter, this is also due to the resurgence of the economy as the vaccine doses are rolling out internationally. The company also closed down its operations for two weeks due to Chinese New Year Holiday.

GAAP net losses were significantly reduced in the second quarter while the GAAP gross margins were in the gains compared to the loss in previous quarter. However, the LED stock’s capital proceeds of the company were $0.6 million short compared to the Q1 2020 cash proceeds.

Here are the Highlights of the financial results for the second quarter of fiscal year 2021;

  • The revenue of LEDS stock was $1.2 million for the Q2 2021 which is a gain compared to the $719 thousand in the Q1 2021.
  • The stockholder’s attributable to GAAP net loss was $255 thousand for the Q2 2021 which is reduced compared to the loss of $697 thousand in the first quarter.
  • In terms of diluted shares, Q2 2021 fiscal result reported net loss of $0.06 per diluted share for the GAAP net loss attributable to stockholders, as compared to $0.17 per diluted share for Q1 2021.
  • The cash and cash equivalents of the company were $2.1 million for the Q2 2021 as compared to $2.7 million for Q1 2021.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Guidance for 3rd quarter fiscal year 2021

Overall the company has not given any guidance for the third quarter’s revenue expectation (ending on  May 31, 2021). This is because of the uncertainty that coronavirus pandemic has brought to the global business and economy.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

Related News

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

NanoVibronix Inc. (NAOV) stock fell during after-market. Let’s find out why?

NanoVibronix Inc. (NAOV) stock plunged by 27.2% at the last close while the NAOV stock price fell by 8.42% in the after-hours trading session....

China Online Education Group Inc. (COE) stock fell during current market. Here’s the update

China Online Education Group Inc. (COE) stock declines by 13.91% in the current market trading. China Online Education Group is a major Chinese online...

Abeona Therapeutics Inc. (ABEO) stock surged during current market trading. Why so?

Abeona Therapeutics Inc. (ABEO) stock gains by 6.63% in the current market trading session. Abeona Therapeutics Inc. is a pharmaceutical firm in the early...

17 Education & Technology Group Inc. (YQ) stock plummeting continues on Monday pre-market but why?

17 Education & Technology Group Inc. (YQ) stock has declined 21.28% as of this writing in Monday,s pre-market. In the regular trading session on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam