SemiLEDs Corp 8-K, filed Jan 3, 2023

SemiLEDs Corp (LEDS)

8-K 2023-01-03 For: 2023-01-03

Added on April 06, 2026

About this 8-K

SemiLEDs Corp filed this 8-K on January 3, 2023.


Delaware	001-34992	20-2735523
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


Title of each class	TradingSymbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0000056	LEDS	The Nasdaq Stock Market


Exhibit No.		Description

99.1		Press release, dated January 3, 2023, entitled “SemiLEDs Reports First Quarter Fiscal Year 2023 Financial Results.”

104		Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document.


	November 30,			August 31,
	2022			2022
	(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	4,511		$	4,274
Restricted cash and cash equivalents		81			82
Accounts receivable (including related parties), net		610			880
Inventories		3,680			3,784
Prepaid expenses and other current assets		132			123
Total current assets		9,014			9,143
Property, plant and equipment, net		3,829			4,139
Operating lease right of use assets		1,521			1,578
Intangible assets, net		97			102
Investments in unconsolidated entities		909			922
Other assets		196			170
TOTAL ASSETS	$	15,566		$	16,054
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt	$	5,061		$	5,063
Accounts payable		210			286
Accrued expenses and other current liabilities		2,848			2,702
Other payable to related parties		1,145			1,061
Operating lease liabilities, current		137			143
Total current liabilities		9,401			9,255
Long-term debt, excluding current installments		1,722			1,866
Operating lease liabilities, less current portion		1,384			1,435
Total liabilities		12,507			12,556
Commitments and contingencies
EQUITY:
SemiLEDs stockholders’ equity
Common stock		—			—
Additional paid-in capital		183,836			183,711
Accumulated other comprehensive income		3,642			3,697
Accumulated deficit		(184,467	)		(183,955	)
Total SemiLEDs stockholders’ equity		3,011			3,453
Noncontrolling interests		48			45
Total equity		3,059			3,498
TOTAL LIABILITIES AND EQUITY	$	15,566		$	16,054


	Three Months Ended
	November 30,			August 31,
	2022			2022
Revenues, net	$	1,695		$	1,626
Cost of revenues		1,232			1,291
Gross profit		463			335
Operating expenses:
Research and development		365			428
Selling, general and administrative		752			976
Total operating expenses		1,117			1,404
Loss from operations		(654	)		(1,069	)
Other income (expenses):
Interest expenses, net		(87	)		(92	)
Other income, net		242			270
Foreign currency transaction loss, net		(10	)		(247	)
Total other income (expenses), net		145			(69	)
Loss before income taxes		(509	)		(1,138	)
Income tax expense		—			—
Net loss		(509	)		(1,138	)
Less: Net income attributable to noncontrolling interests		3			—
Net loss attributable to SemiLEDs stockholders	$	(512	)	$	(1,138	)
Net loss per share attributable to SemiLEDs stockholders:
Basic and diluted	$	(0.11	)	$	(0.25	)
Shares used in computing net loss per share attributable to SemiLEDs stockholders:
Basic and diluted		4,836			4,533