SemiLEDs, a developer and manufacturer of LED chips and LED components, has announced its financial results for the third quarter of fiscal year 2012. Revenue for the third quarter of fiscal 2012 was US$9.2 million, a 64% increase compared to US$5.6 million in the third quarter of fiscal 2011.
GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2012 was US$10 million, or a net loss of US$0.36 per diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders of US$5.1 million, or a net loss of US$0.19 per diluted share, for the third quarter of fiscal 2011. On a non-GAAP basis, net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2012 was US$8 million, or a net loss of US$0.29 per diluted share, compared to non-GAAP net loss attributable to SemiLEDs stockholders of US$4.3 million, or a net loss of US$0.16 per diluted share, for the third quarter of fiscal 2011.
GAAP gross margin for the third quarter of fiscal 2012 was negative 11%, compared with positive gross margin for the third quarter of fiscal 2011 of 9%. Operating margin for the third quarter of fiscal 2012 was negative 87%, compared with negative 70% in the third quarter of fiscal 2011. Margins were negatively impacted in the third quarter of fiscal 2012 by excess capacity charge of US$1.6 million and a provision for potential litigation settlement of US$1.5 million.
