SemiLEDs(LEDS) - 2025 Q1 - Quarterly Results

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]