Filing Flows › SemiLEDs (LEDS) › Q4 FY24
SemiLEDs (LEDS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
SemiLEDs (LEDS) reported revenue of $1.3M for the fourth quarter fiscal 2024 (Q4 FY24), -9% from a year earlier and +0.1% from the quarter before. Operating margin was -58.6%, net loss $562K (42.4% of revenue).
SemiLEDs, Q4 FY24: revenue $1.3M (-9% year over year), operating margin -58.6%, net loss $562K, operating cash flow $209K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3M | +0.1% | -9% |
| Operating profit | −$776K | — | — |
| Net earnings | −$562K | — | — |
| Operating cash flow | $209K | +92% | — |
| Free cash flow | $166K | +69% | — |
What changed
Revenue was $1.3M in Q4 FY24, down 9% year over year and roughly flat from the previous quarter.
Gross margin was 15.1%, up 12.3 points from a year earlier. Operating costs exceeded revenue by $776K, an operating margin of -58.6%. Operating expenses fell 12% while revenue fell 9%. The quarter ended with a net loss of $562K, wider than the previous quarter's $316K loss. Minority interests bore $2K of it: to shareholders the quarter was a loss of $560K. Non-operating items added $214K, -38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $209K. Non-cash charges added back $157K of depreciation and amortization and $31K of share-based compensation. Working capital and other items added $583K. Capital expenditures of $43K left free cash flow of $166K.
Questions
What was SemiLEDs' revenue in the fourth quarter fiscal 2024?
SemiLEDs (LEDS) reported revenue of $1.3M for the fourth quarter fiscal 2024 (Q4 FY24), -9% from a year earlier and +0.1% from the quarter before.
Was SemiLEDs profitable in the fourth quarter fiscal 2024?
Operating loss was $776K (-58.6% of revenue) and net loss $562K.
Source: SemiLEDs 10-K on SEC EDGAR.