SemiLEDs(US:LEDS)2024-11-27 11:10Revenue Performance - Revenue for Q4 2024 was $1.3 million, unchanged from Q3 2024, while fiscal year 2024 revenue decreased to $5.2 million from $6.0 million in fiscal year 2023[3][5] Net Loss - GAAP net loss for Q4 2024 increased to $560 thousand, or $(0.08) per diluted share, compared to a net loss of $319 thousand, or $(0.04) per diluted share in Q3 2024[3][5] - The company reported a net loss attributable to stockholders of $2.0 million for fiscal year 2024, an improvement from a net loss of $2.7 million in fiscal year 2023[5] Gross Margin - GAAP gross margin for Q4 2024 decreased to 12%, down from 41% in Q3 2024, while fiscal year 2024 gross margin increased to 20% from 17% in fiscal year 2023[4][6] Operating Margin - Operating margin for Q4 2024 was negative 62%, compared to negative 36% in Q3 2024, with fiscal year 2024 operating margin remaining at negative 57%[4][6] Cash and Assets - Cash and cash equivalents remained at $1.7 million as of August 31, 2024, down from $2.6 million a year earlier[6][12] - Total current liabilities decreased to $7.0 million as of August 31, 2024, from $9.7 million a year earlier[12] - Total assets decreased to $11.1 million as of August 31, 2024, from $13.5 million a year earlier[12] Expenses - Research and development expenses for fiscal year 2024 were $1.16 million, down from $1.35 million in fiscal year 2023[14] - Selling, general and administrative expenses for fiscal year 2024 were $2.89 million, compared to $3.06 million in fiscal year 2023[14]