Revenue and Sales Performance - Revenue from buy-sell purchase orders in Q2 2025 was $9.4 million, with a cost of revenue of $8.9 million[105]. - Revenues increased to $10.9 million for the three months ended February 28, 2025, from $886 thousand for the same period in 2024, driven primarily by a $10.0 million increase in other revenues[122]. - Sales of LED chips were $29 thousand for the three months ended February 28, 2025, compared to $1 thousand for the same period in 2024, reflecting varying volumes sold[123]. - Revenues from LED components rose to $682 thousand for the three months ended February 28, 2025, up from $545 thousand in the prior year, due to higher volumes sold[124]. - Revenues increased from $2.5 million for the six months ended February 29, 2024, to $12.1 million for the six months ended February 28, 2025, driven by a $10.0 million increase in sales of other revenues[139]. - LED chip sales were $94 thousand for the six months ended February 28, 2025, compared to $59 thousand for the same period in 2024, reflecting a 59% increase[140]. - Other revenues surged to $10.7 million for the six months ended February 28, 2025, from $760 thousand in the prior year, marking a 1,305% increase[142]. Profitability and Margins - Gross profit represented 9% of revenues for the three months ended February 28, 2025, down from 13% in the same period of 2024, primarily due to the buy-sell purchase orders of equipment[128]. - Gross profit rose from $357 thousand for the six months ended February 29, 2024, to $1.3 million for the six months ended February 28, 2025, with a gross margin of 10% compared to 15% in the previous year[145]. Operating Expenses and R&D - Total operating expenses decreased to $893 thousand for the three months ended February 28, 2025, from $944 thousand in the prior year, reflecting a reduction in selling, general, and administrative expenses[129]. - Research and development expenses increased to $279 thousand for the three months ended February 28, 2025, from $251 thousand in the same period of 2024, primarily due to higher materials and supplies costs[130]. - Operating expenses decreased from $2.0 million for the six months ended February 29, 2024, to $1.8 million for the six months ended February 28, 2025, a reduction of 10%[146]. - Research and development expenses decreased from $623 thousand to $500 thousand, a decline of 20%[147]. Cash Flow and Liquidity - Cash and cash equivalents increased to $2.4 million as of February 28, 2025, from $1.6 million as of February 29, 2024, indicating improved liquidity[114]. - Cash and cash equivalents increased from $1.7 million as of August 31, 2024, to $2.4 million as of February 28, 2025[159]. - As of February 28, 2025, the company reported cash and cash equivalents of $2.4 million and net cash provided by operating activities of $1.2 million for the six months ended February 28, 2025[182][186]. - The company reported an increase in cash flows provided by operating activities due to a $1.0 million increase in net income and a $12.5 million increase in accrued expenses[187]. Debt and Financing - Long-term debt decreased from $3.7 million as of August 31, 2024, to $1.9 million as of February 28, 2025[164]. - The company entered into secured loan agreements totaling $3.2 million with an annual interest rate of 8%, with maturity dates extended to January 15, 2025[167][169]. - On February 9, 2024, the company repaid $800,000 of loan principal by issuing 629,921 shares at a closing price of $1.27 per share[171][173]. - The outstanding principal of convertible unsecured promissory notes was zero as of February 28, 2025, after conversion of $1.6 million into 1,228,128 shares at a price of $1.31 per share[181][180]. - The total loans as of February 28, 2025, amounted to $800,000, secured by a second priority security interest on the company's headquarters building[177]. Market and Strategic Focus - The company is focusing on optimizing its epitaxial growth processes and developing low-cost Chip Scaled Packaging (CSP) technology to enhance manufacturing efficiency[107]. - The average selling price of products is expected to decline due to competitive pressures, impacting revenue and gross margins[109]. - The company plans to shift its strategy towards selling LED components rather than just LED chips to improve gross margins and operating results[109]. - The company aims to continue innovating in product design and manufacturing efficiencies to meet evolving customer requirements and technological standards[110]. - The company is heavily reliant on a few select markets, including India, Japan, the Netherlands, and the United States, for its revenue[102]. - The company is exploring opportunities in the China and India markets as part of its new strategic direction[99]. Inventory and Risk Management - Inventory write-downs were $50 thousand for the three months ended February 28, 2025, compared to $77 thousand for the same period in 2024, indicating improved inventory management[117]. - Sales to the three largest customers accounted for 93% and 90% of total revenues for the three and six months ended February 28, 2025, respectively, highlighting revenue concentration risk[114]. Foreign Currency and Other Losses - The company recognized a net foreign currency transaction loss of $37 thousand for the six months ended February 28, 2025, compared to a gain of $12 thousand for the same period in 2024[154]. Income and Expenditures - The company incurred a net income of $388,000 and a net loss of $559,000 during the three months ended February 28, 2025, compared to the same period in 2024[182]. - Capital expenditures for the six months ended February 28, 2025, were $238,000, an increase from $69,000 in the same period in 2024[190]. - Net cash used in investing activities was $258,000 for the six months ended February 28, 2025, primarily for property, plant, and equipment purchases[188].

Revenue Performance - Revenue for Q2 FY2025 increased to $10.9 million, up from $1.3 million in Q1 FY2025, representing a growth of 738%[3] - SemiLEDs reported a gross profit of $1.0 million for Q2 FY2025, compared to $260 thousand in Q1 FY2025[12] Profitability Metrics - GAAP net income attributable to SemiLEDs stockholders for Q2 FY2025 was $388 thousand, or $0.05 per diluted share, compared to a net loss of $547 thousand, or $(0.08) per diluted share in Q1 FY2025[3] - GAAP gross margin for Q2 FY2025 decreased to 9%, down from 21% in Q1 FY2025[4] - Operating margin for Q2 FY2025 was 1%, compared to negative 52% in Q1 FY2025[4] Cash and Assets - Cash and cash equivalents increased to $2.4 million at February 28, 2025, from $1.2 million at the end of Q1 FY2025[4] - Total current assets rose to $18.2 million as of February 28, 2025, compared to $5.5 million at the end of Q1 FY2025[10] Liabilities - Total liabilities increased to $19.6 million as of February 28, 2025, compared to $8.8 million at the end of Q1 FY2025[10] Research and Development - Research and development expenses for Q2 FY2025 were $279 thousand, up from $221 thousand in Q1 FY2025[12] Future Outlook - The company anticipates revenue growth opportunities in the LED industry and plans to capitalize on market trends[7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission File Number: 001-34992 SemiLEDs Corporation (Exact name of registrant as specified in its charter) Delaware 20-2735523 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 3F, No. 11 Ke Jung Rd., Chu-Nan Site, Hsinchu Science Park, Chu-Nan 350, Miao-Li County, Taiwan, R.O.C. 350 (Address of principal executive offices) (Zip Code) FORM 10-Q ☒ Q ...

Revenue and Net Loss - Revenue for Q1 fiscal 2025 remained flat at $1.3 million compared to Q4 fiscal 2024[1] - GAAP net loss decreased to $547 thousand in Q1 fiscal 2025 from $560 thousand in Q4 fiscal 2024[1] - Net loss per share remained flat at $(0.08) in Q1 fiscal 2025 compared to Q4 fiscal 2024[9] Gross Margin and Operating Margin - GAAP gross margin improved to 21% in Q1 fiscal 2025 from 12% in Q4 fiscal 2024[3] - Operating margin improved to negative 52% in Q1 fiscal 2025 from negative 62% in Q4 fiscal 2024[3] Cash and Cash Equivalents - Cash and cash equivalents decreased to $1.2 million at November 30, 2024 from $1.7 million at the end of Q4 fiscal 2024[3] Total Assets and Liabilities - Total current assets decreased to $5.493 million at November 30, 2024 from $5.962 million at August 31, 2024[7] - Total liabilities decreased to $8.820 million at November 30, 2024 from $8.889 million at August 31, 2024[7] Operating Expenses - Total operating expenses decreased to $917 thousand in Q1 fiscal 2025 from $978 thousand in Q4 fiscal 2024[9] Stockholders' Equity - SemiLEDs stockholders' equity decreased to $1.580 million at November 30, 2024 from $2.201 million at August 31, 2024[7]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the fiscal year ended August 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from to Commission File Number: 001-34992 SemiLEDs Corporation (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ...

Exhibit 99.1 SemiLEDs Reports Fourth Quarter and Fiscal Year End 2024 Financial Results Hsinchu, Taiwan (November 27, 2024)— SemiLEDs Corporation (NASDAQ: LEDS), "SemiLEDs" or the "Company," a developer and manufacturer of LED chips and LED components, today announced its financial results for the fourth quarter and full fiscal year, ended August 31, 2024. Revenue for the fourth quarter of fiscal 2024 was $1.3 million, compared to $1.3 million in the third quarter of fiscal 2024. GAAP net loss attributable ...

Financial Performance - Total revenues decreased by 21% to $1.323 million for the three months ended May 31, 2024, compared to $1.679 million for the same period in 2023[121]. - Revenues decreased by 21% to $1.3 million for the three months ended May 31, 2024, from $1.7 million for the same period in 2023[123]. - Revenues for the nine months ended May 31, 2024, decreased to $3.9 million, down from $4.5 million for the same period in 2023, reflecting a $667 thousand decline[135]. - Revenues from LED components dropped to $520 thousand (39% of total revenues) in Q2 2024, down from $1.08 million (64% of total revenues) in Q2 2023[123][124]. - Gross profit increased by 125% to $543 thousand, representing 41% of total revenues for the three months ended May 31, 2024, compared to 14% for the same period in 2023[121]. - Gross profit increased to $543 thousand for the three months ended May 31, 2024, compared to $241 thousand for the same period in 2023, due to higher-margin product sales[125]. - Gross profit for the nine months ended May 31, 2024, was $900 thousand, compared to $966 thousand for the same period in 2023, with a gross margin of 23%[138]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $1.7 million as of May 31, 2024, down from $3.0 million as of May 31, 2023[113]. - Cash and cash equivalents decreased from $2.6 million as of August 31, 2023, to $1.7 million as of May 31, 2024[147]. - Net cash used in operating activities for the nine months ended May 31, 2024, was $570 thousand, indicating ongoing operational challenges[160]. - Net cash used in operating activities for the nine months ended May 31, 2024, was $570 thousand, a decrease from $645 thousand in the same period of 2023[165]. - Net cash used in investing activities for the nine months ended May 31, 2024, was $46 thousand, down from $228 thousand in 2023, primarily for property, plant, and equipment purchases[166]. - Net cash used in financing activities for the nine months ended May 31, 2024, was $336 thousand, a slight decrease from $354 thousand in 2023, mainly due to long-term debt repayments[167]. - A $263 thousand decrease in accounts receivable contributed to the reduction in cash flows used in operating activities for the nine months ended May 31, 2024[165]. - The company had no available credit facility as of July 5, 2024, indicating potential liquidity constraints[147]. - The estimated cash requirements to service debt and contractual obligations in fiscal 2024 is approximately $3.4 million, funded through equity issuance and loan extensions[162]. Expenses and Cost Management - Total operating expenses decreased to $1.016 million (77% of revenues) in Q2 2024, down from $1.222 million (73% of revenues) in Q2 2023[127]. - Research and development expenses were $320 thousand for Q2 2024, down from $372 thousand in Q2 2023, primarily due to reduced payroll and material costs[127]. - Selling, general and administrative expenses decreased to $696 thousand in Q2 2024 from $850 thousand in Q2 2023, mainly due to lower payroll and professional service fees[128]. - The company has undertaken cost reduction programs to transform into a profitable operation amid significant losses since inception[160]. Market Strategy and Product Development - The company emphasizes the importance of successfully introducing new products that are profitable enough to cover development and production costs[99]. - The company is concentrating on expanding sales and distribution channels, particularly in niche LED markets such as UV LED and architectural lighting[99]. - The company plans to focus on profitable growth in LED module solutions and has adjusted its product mix to emphasize higher-margin products[111]. - The company aims to continue innovating in product design and manufacturing efficiencies to meet evolving customer requirements[111]. - The company is exploring strategies to exploit the China and India markets for growth opportunities[100]. - The average selling price of LED products is expected to decline due to competitive pricing pressures and market conditions[111]. Risks and Challenges - The company is focused on improving liquidity and accessing alternative funding sources, with potential risks if common stock is delisted from the Nasdaq Capital Market[110]. - The company faces risks from competitive pressures and the potential loss of key personnel, which could impact operations[99]. - The company is subject to various risks, including macroeconomic developments and supply chain delays that could affect revenue generation[101]. - The company has not assumed any obligation to update or revise forward-looking statements based on new information or future events[102]. - There is no assurance that additional debt or equity financing will be available on favorable terms[162]. - The company may need to consider alternative financing sources if positive cash flows from operations are not generated[162]. - The company expects loans with the Chairman, CEO, and largest shareholder to be extended upon maturity, but there are no assurances regarding the success of planned capital-raising activities[162]. Shareholder and Equity Information - The company has established an at-the-market equity program allowing the sale of up to $20 million in common stock, but has sold zero shares to date in fiscal 2024[110]. - The company did not sell any shares under its ATM program in fiscal year 2023 or in the third quarter of fiscal 2024, with the program expiring on June 8, 2024[161]. - Long-term debt decreased from $6.4 million as of August 31, 2023, to $4.0 million as of May 31, 2024, primarily due to the conversion of convertible unsecured promissory notes[148].

Exhibit 99.1 SemiLEDs Reports Third Quarter Fiscal Year 2024 Financial Results and Engages Financial Advisor Hsinchu, Taiwan (July 8, 2024)— SemiLEDs Corporation (NASDAQ: LEDS), "SemiLEDs" or the "Company," a developer and manufacturer of LED chips and LED components, today announced its financial results for the third quarter of fiscal year 2024, ended May 31, 2024. Revenue for the third quarter of fiscal 2024 increased to $1.3 million, compared to $886 thousand in the second quarter of fiscal 2024. GAAP n ...

Financial Performance - Revenues decreased by 23% to $886 thousand for the three months ended February 29, 2024, compared to $1.2 million for the same period in 2023, primarily driven by a $402 thousand decrease in other revenues[126]. - Total revenues for the six months ended February 29, 2024, decreased by 11% to $2.5 million from $2.8 million for the same period in 2023, reflecting declines in other revenues and lighting products[141]. - Gross profit for the three months ended February 29, 2024, was $112 thousand, a decrease of 57% from $262 thousand for the same period in 2023[125]. - Gross profit for the six months ended February 29, 2024, was $357 thousand, down from $725 thousand for the same period in 2023, resulting in a gross margin percentage of 15% compared to 25%[143]. - The company incurred net losses attributable to stockholders of $559 thousand and $541 thousand during the three months ended February 29, 2024, and February 28, 2023, respectively[168]. Market and Sales - The company relies heavily on a few select markets, including Taiwan, the United States, the Netherlands, and Japan, for its sales of LED products[108]. - The overall market for LED lighting is expected to expand, influencing the demand for the company's products[113]. - Sales of LED components accounted for 62% of total revenues for the three months ended February 29, 2024, up from 33% in the same period in 2023, reflecting higher volumes sold[128]. - Revenues from LED chips were $1 thousand for the three months ended February 29, 2024, representing only 0.1% of total revenues, a significant decline from 2% in the prior year[128]. - Revenues from lighting products decreased to 5% of total revenues for the three months ended February 29, 2024, down from 5% in the same period of 2023, primarily due to lower demand for LED lighting products[129]. Cash Position and Liquidity - The company faces significant risks related to its cash position and liquidity, which could impact its ability to operate effectively[112]. - Cash and cash equivalents decreased to $1.6 million as of February 29, 2024, down from $3.9 million as of February 28, 2023[116]. - The company estimates cash requirements to service debt and contractual obligations in fiscal 2024 to be approximately $5.1 million[170]. - As of February 29, 2024, the company had cash and cash equivalents of $1.6 million, down from $2.6 million as of August 31, 2023[156]. Operational Efficiency - The company has developed advanced manufacturing processes that improve chip performance and reduce costs, including the use of copper alloy base technology[109]. - The company is exploring opportunities to sell certain manufacturing equipment to reduce idle capacity charges and improve operational efficiencies[116]. - The company plans to continue investing in capital expenditures to expand business operations and production capacity, while monitoring costs[178]. - The company may adjust its capital expenditures based on market conditions and customer demand to maintain financial flexibility[178]. Strategic Focus - The company is focused on expanding its capabilities in the niche LED markets, particularly in UV LED and architectural lighting[109]. - The company is exploring new strategies to penetrate the China and India markets[101]. - The company plans to focus on profitable growth in LED module solutions, which is anticipated to improve gross margins and operating results[1]. - The company has undertaken actions to decrease losses and implemented cost reduction programs to transform into a profitable operation[168]. Risks and Challenges - The company is exposed to competitive pressures and must manage rapid technological changes and product obsolescence in the LED market[112]. - The company has a significant reliance on chip suppliers, which poses risks related to delivery schedules and production quality[112]. - The average selling price of products is expected to decline due to competitive pricing pressures, impacting revenues and gross margins[1].

Exhibit 99.1 SemiLEDs Reports Second Quarter Fiscal Year 2024 Financial Results Hsinchu, Taiwan (April 3, 2024)— SemiLEDs Corporation (NASDAQ: LEDS), "SemiLEDs" or the "Company," a developer and manufacturer of LED chips and LED components, today announced its financial results for the second quarter of fiscal year 2024, ended February 29, 2024. Revenue for the second quarter of fiscal 2024 decreased to $886 thousand, compared to $1.6 million in the first quarter of fiscal 2024. GAAP net loss attributable t ...