SemiLEDs Corporation announced unaudited consolidated financial results for the second quarter and six months ended February 28, 2013. For the quarter, the company reported revenues, net of $4,830,000 against $7,905,000 a year ago. Loss from operations was $7,007,000 against $5,790,000 a year ago. Loss before income taxes was $6,181,000 against $7,314,000 a year ago. Net loss attributable to the company’s common stockholders was $5,991,000 or $0.22 per basic and diluted share against $7,114,000 or $0.26 per basic and diluted share a year ago. Non-GAAP net loss attributable to the company’s stockholders was $5,350,000 or $0.19 per diluted share against $6,149,000 or $0.22 per diluted share a year ago. Net cash used in operating activities was $4,236,000 against $4,547,000 a year ago. Capital expenditures were $374,000 against $3,291,000 a year ago. The sequential decrease in total revenue was primarily due to the negative impact of Christmas, New Year and Chinese holidays. Revenues attributable to the sales of LED chips decreased by 4% sequentially and represented approximately 36% of total revenues in the quarter. Revenues attributable to the sales of LED components decreased by 24% sequentially and represented approximately 38% of revenues in the quarter. For the six months, the company reported revenues, net of $11,057,000 against $14,652,000 a year ago. Loss from operations was $15,181,000 against $12,206,000 a year ago. Loss before income taxes was $15,299,000 against $15,145,000 a year ago. Net loss attributable to the company’s common stockholders was $14,914,000 or $0.54 per basic and diluted share against $14,835,000 or $0.54 per basic and diluted share a year ago. Non-GAAP net loss attributable to the company’s stockholders was $13,937,000 or $0.51 per diluted share against $13,219,000 or $0.48 per diluted share a year ago. Net cash used in operating activities was $7,486,000 against $8,003,000 a year ago. Capital expenditures were $2,043,000 against $9,099,000 a year ago. For the third quarter of 2013, the company expects revenues to be in the range of $5 million to $5.5 million and GAAP gross margin to continue to be negative for the quarter as the company will not fully utilize production capacity. GAAP net loss attributable to the company's stockholders for third quarter is expected to be $6.5 million to $6.9 million. GAAP EPS is expected to be negative $0.23 to $0.25 per diluted share. The diluted shares outstanding count is estimated at $27.7 million.

SemiLEDs Corporation announced that they will report Q2, 2013 results at 9:00 AM, Taipei Standard Time on Apr 11, 2013

SemiLEDs Corporation, Q2 2013 Earnings Call, Apr 11, 2013