SemiLEDs(US:LEDS)2026-01-14 11:02Financial Performance - Revenue for Q1 FY 2026 was $2.6 million, a decrease of 80.4% from $13.2 million in Q4 FY 2025[5] - GAAP net loss for Q1 FY 2026 was $742 thousand, or $(0.09) per diluted share, compared to a net loss of $1.2 million, or $(0.15) per diluted share in Q4 FY 2025[5] - GAAP gross margin decreased to 1% in Q1 FY 2026 from 2% in Q4 FY 2025[6] - Operating margin for Q1 FY 2026 was negative 39%, worsening from negative 7% in Q4 FY 2025[6] Cash and Assets - Cash and cash equivalents increased to $2.9 million as of November 30, 2025, up from $2.6 million at the end of Q4 FY 2025[6] - Total current assets decreased to $10.2 million from $11.3 million at the end of Q4 FY 2025[12] - Total liabilities decreased to $12.2 million from $12.8 million at the end of Q4 FY 2025[12] Expenses - Research and development expenses for Q1 FY 2026 were $356 thousand, slightly down from $362 thousand in Q4 FY 2025[14] - Selling, general and administrative expenses decreased to $703 thousand from $853 thousand in Q4 FY 2025[14] Foreign Currency Transactions - The company reported a foreign currency transaction gain of $21 thousand in Q1 FY 2026, compared to a gain of $453 thousand in Q4 FY 2025[14]