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%.
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.
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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.
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.