SemiLEDs, a developer and manufacturer of LED chips and LED components, has announced its financial results for its fiscal fourth quarter and full year 2014, ended August 31, 2014.
Revenues for the fourth quarter of fiscal 2014 were US$2.3 million, a 33% decrease compared to US$3.4 million in the fourth quarter of fiscal 2013. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2014 was US$5.4 million, or a net loss of US$0.19 per diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders of US$17.9 million, or a net loss of US$0.64 per diluted share, for the fourth quarter of fiscal 2013.
"As we discussed last quarter, in the fourth quarter we experienced a reduction in production capacity as we consolidated manufacturing facilities and relocated production equipment," said CEO Trung Doan. "With these actions now largely complete, we look forward to higher revenues in our target markets for the coming quarter."
On a non-GAAP basis, net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2014 was US$5 million, or a net loss of US$0.17 per diluted share, compared to non-GAAP net loss attributable to SemiLEDs stockholders of US$7.3 million, or a net loss of US$0.26 per diluted share for the fourth quarter of fiscal 2013.
Revenues for fiscal 2014 were US$14.5 million, a 19% decrease compared to US$18 million for fiscal 2013. GAAP net loss attributable to SemiLEDs stockholders for fiscal 2014 was US$24.5 million, or a net loss of US$0.87 per diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders of US$43.7 million, or a net loss of US$1.58 per diluted share, for fiscal 2013.
