SemiLEDs, a developer and manufacturer of LED chips and LED components, announced its revenues for the second quarter of fiscal 2015 were US$4.6 million, a 56% increase compared to US$2.9 million in the first quarter of fiscal 2015.
GAAP net loss attributable to SemiLEDs stockholders for the second quarter of fiscal 2015 was US$2.9 million, or a net loss of US$0.10 per diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders of US$4.3 million, or a net loss of US$0.15 per diluted share, for the first quarter of fiscal 2015.
On a non-GAAP basis, net loss attributable to SemiLEDs stockholders for the second quarter of fiscal 2015 was US$2.5 million, or a net loss of US$0.09 per diluted share, compared to non-GAAP net loss attributable to SemiLEDs stockholders of US$3.9 million, or a net loss of US$0.14 per diluted share for the first quarter of fiscal 2015.
GAAP gross margin for the second quarter of fiscal 2015 was negative 14%, compared with gross margin for the first quarter of fiscal 2015 of negative 53%. Operating margin for the second quarter of fiscal 2015 was negative 62%, compared with negative 152% in the first quarter of fiscal 2015. The company's cash and cash equivalents were US$6.7 million at the end of the second quarter of fiscal 2015, compared to US$8.7 million at the end of the first quarter of fiscal 2015. Cash used in operating activities was US$1.4 million in the second quarter of fiscal 2015.
