SemiLEDs Posts Q1 Loss - Quick Facts

(RTTNews) - SemiLEDs Corp. (LEDS), a developer and manufacturer of LED chips and LED components, reported a first-quarter net loss attributable to stockholders of $3.3 million, or $0.11 per share. On a non-GAAP basis, net loss attributable to stockholders was $3.3 million, or $0.11 per share, for the quarter.

Revenue for the first quarter of fiscal 2016 was $3.0 million. GAAP gross margin for the first quarter of fiscal 2016 was negative 49%, while operating margin was negative at 106%.

"We are moving toward a fabless business model to focus on the less capital intensive component business. This should help us to improve gross margin and lower capital spending and R&D expenses," said Trung Doan, Chairman, President and CEO.