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LEDS

SemiLEDs Corporation

LEDS

SemiLEDs Corporation • NASDAQ
$2.02 ▼ -16.04% (-0.39)
Market Cap $16.61 M
52w High $3.37
52w Low $1.20
Dividend Yield 0%
P/E -33.67
Volume 49.99K
Outstanding Shares 8.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $13.225M ▼ $1.215M ▲ $-1.194M ▼ -9.028% ▼ $-0.15 ▼ $-986K ▼
Q3-2025 $17.651M ▲ $1.001M ▲ $223K ▼ 1.263% ▼ $0.031 ▼ $443K ▼
Q2-2025 $10.872M ▲ $893K ▼ $388K ▲ 3.569% ▲ $0.054 ▲ $586K ▲
Q1-2025 $1.261M ▼ $917K ▼ $-547K ▲ -43.378% ▼ $-0.076 ▲ $-324K ▲
Q4-2024 $1.324M $978K $-560K -42.296% $-0.078 $-369K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $2.593M ▲ $15.593M ▼ $12.813M ▼ $2.78M ▼
Q3-2025 $2.441M ▲ $23.18M ▼ $19.186M ▼ $3.994M ▲
Q2-2025 $2.384M ▲ $23.186M ▲ $19.591M ▲ $3.595M ▲
Q1-2025 $1.325M ▼ $10.4M ▼ $8.82M ▼ $1.58M ▼
Q4-2024 $1.671M $11.138M $8.889M $2.201M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $223K ▼ $693K ▼ $-313K ▼ $-151K ▼ $74K ▼ $398K ▼
Q2-2025 $388K ▲ $1.405M ▲ $-136K ▼ $-107K ▲ $1.133M ▲ $1.27M ▲
Q1-2025 $-547K ▲ $-158K ▼ $-122K ▼ $-244K ▼ $-425K ▼ $-276K ▼
Q4-2024 $-557K ▼ $205K ▲ $-55K ▼ $-113K ▼ $-3K ▼ $149K ▲
Q3-2024 $-319K $109K $-11K $-105K $59K $98K

Five-Year Company Overview

Income Statement

Income Statement Revenue has been very small and largely flat over the past few years, indicating a tiny operating scale. The company continues to generate accounting losses, although the loss per share has been slowly shrinking, which suggests some improvement in cost control or mix. That said, the business has not yet demonstrated consistent, profitable growth, and the income statement still reflects a company in a fragile, early-stage or niche position rather than a mature, scalable operation.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a modest asset base and limited financial resources. Debt has come down from earlier years, which reduces financial strain, but equity is also very thin, pointing to a narrow capital cushion. Overall, the company looks financially constrained, with little room for major missteps or large-scale investment without new funding sources.

Cash Flow

Cash Flow Reported cash flow figures are essentially flat, which likely reflects very low activity and possibly rounding in the data. There is no clear signal of strong internal cash generation, and the company does not appear to be investing heavily in new physical assets. This suggests SemiLEDs may be operating in a careful, cash-conserving mode, but it also means there is no clear self-funded growth engine visible in the numbers.

Competitive Edge

Competitive Edge SemiLEDs operates in a highly competitive semiconductor and LED market dominated by much larger players, but it focuses on a narrow niche: high-performance and ultraviolet LEDs. Its patented vertical LED architecture and copper-based design give it technical differentiation, especially in thermal management and high-power applications. This niche focus helps avoid the most price-sensitive mass-market segments, but the company’s small size and limited resources leave it exposed to shifts in technology, pricing pressure, and moves by bigger rivals into its specialty areas.

Innovation and R&D

Innovation and R&D The company’s core innovation is its MvpLED™ technology, which uses a vertical chip design and copper substrate to improve brightness, heat handling, and reliability—strong selling points for UV and other high-intensity uses. SemiLEDs has built a patent portfolio around these processes and targets specialized applications like industrial UV curing, sterilization, and some horticultural lighting. Future success will depend on its ability to keep improving efficiency and performance, launch new generations of UV and specialty products, and possibly partner with larger players to extend its reach, all while funding ongoing R&D from a relatively small financial base.

Summary

SemiLEDs is a very small, niche semiconductor company with distinctive LED technology but a weak overall financial profile. Its income statement shows minimal revenue and ongoing losses, while its balance sheet and cash flows indicate limited financial flexibility. On the positive side, it has a clear technological story and a focused position in UV and specialty LEDs, supported by patents and specialized know-how. The key question going forward is whether the company can convert that technical edge into durable, profitable growth before its constrained resources become a serious limitation.

NEWS

November 28, 2025 · 4:00 AM UTC

SemiLEDs Reports Fourth Quarter and Fiscal Year End 2025 Financial Results

Read more