SemiLEDs Reports First Quarter Fiscal Year 2026 Financial Results

Core Insights - The company reported a decrease in total assets from $15,593,000 on August 31, 2025, to $14,231,000 on November 30, 2025, indicating a decline of approximately 8.7% [1][4] - Current assets decreased from $11,302,000 to $10,246,000, a reduction of about 9.3% [1][2] - Total liabilities also decreased from $12,813,000 to $12,162,000, reflecting a decline of approximately 5.1% [3][4] Current Assets - Cash and cash equivalents increased from $2,593,000 to $2,889,000, a rise of about 11.4% [1] - Accounts receivable decreased significantly from $3,588,000 to $1,867,000, a drop of approximately 48.1% [1][2] - Inventories also saw a decline from $4,776,000 to $3,923,000, a decrease of about 17.9% [1][2] - Prepaid expenses and other current assets increased from $345,000 to $1,567,000, a substantial rise of approximately 354.8% [1] Current Liabilities - Current liabilities decreased from $11,383,000 to $10,917,000, a reduction of about 4.1% [3] - Accounts payable saw a significant drop from $5,027,000 to $1,586,000, a decrease of approximately 68.4% [2][3] - Accrued expenses and other current liabilities increased from $3,776,000 to $6,778,000, an increase of about 79.3% [2][3] Shareholders' Equity - Total shareholders' equity decreased from $2,780,000 to $2,069,000, a decline of approximately 25.5% [4] - The accumulated deficit increased from $(189,811,000) to $(190,553,000), indicating a worsening financial position [3][4]