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].

Financial Performance - Revenue for Q2 FY 2024 decreased to $886 thousand, down from $1.6 million in Q1 FY 2024, representing a decline of approximately 44.4%[1] - GAAP net loss attributable to SemiLEDs stockholders for Q2 FY 2024 was $559 thousand, or $(0.11) per diluted share, compared to a net loss of $598 thousand, or $(0.12) per diluted share in Q1 FY 2024[1][2] - GAAP gross margin for Q2 FY 2024 decreased to 13%, down from 15% in Q1 FY 2024[2] - Operating margin for Q2 FY 2024 was negative 94%, compared to negative 50% in Q1 FY 2024[2] Cash and Assets - Cash and cash equivalents were $1.6 million at February 29, 2024, down from $2.3 million at the end of Q1 FY 2024[2] - Total current assets decreased to $6.436 million as of February 29, 2024, from $7.339 million at the end of Q1 FY 2024[9] - SemiLEDs stockholders' equity increased to $3.044 million as of February 29, 2024, compared to $704 thousand at the end of Q1 FY 2024[9] Liabilities - Total liabilities decreased to $8.927 million as of February 29, 2024, from $12.410 million at the end of Q1 FY 2024[9] Future Outlook - The company expects revenue for Q3 FY 2024 to be approximately $1.0 million, with a variance of +/- 10%[2] Compliance - The company submitted a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1) and was granted an extension through January 8, 2024[3]

Financial Performance - Revenue for the first quarter of fiscal 2024 increased to $1.6 million, compared to $1.5 million in the fourth quarter of fiscal 2023, reflecting a growth of approximately 13.3% [2] - GAAP net loss attributable to SemiLEDs stockholders decreased to $598 thousand, or $(0.12) per diluted share, compared to a net loss of $881 thousand, or $(0.18) per diluted share, in the previous quarter [2][8] - GAAP gross margin for the first quarter of fiscal 2024 increased to 15%, up from 3% in the fourth quarter of fiscal 2023, indicating improved profitability [2] - Operating margin for the first quarter of fiscal 2024 was negative 50%, an improvement from negative 73% in the fourth quarter of fiscal 2023 [2] Balance Sheet Highlights - Cash and cash equivalents were $2.3 million at November 30, 2023, down from $2.6 million at the end of the previous quarter [2] - Total current assets decreased to $7.339 million from $7.594 million [7] - Total assets decreased to $13.160 million from $13.455 million [7] Future Outlook - Revenue for the second quarter ending February 29, 2024, is expected to be approximately $1.1 million, with a variance of +/- 10% [3] - The company will close its office and factory from February 3, 2024, until February 18, 2024, for the Chinese New Year [3] Company Overview - SemiLEDs develops, manufactures, and sells LED chips and components for various applications, including general lighting, ultraviolet curing, and architectural lighting [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 ( ...

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from to | --- | --- | --- | |-----------------------------------------------------------------------------------|------------------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 juri ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 ...