SemiLEDs Q1 Loss Narrows - Quick Facts

(RTTNews) - SemiLEDs Corp. (LEDS), a developer and manufacturer of LED chips and LED components, reported that its first-quarter net loss attributable to stockholders narrowed to $6.3 million, or $0.23 per share, compared to a loss of $8.9 million, or a $0.32 per share, for the first quarter of fiscal 2013. On a non-GAAP basis, net loss attributable to stockholders was $5.8 million, or $0.21 per share.

Revenue decreased to $3.4 million, from $6.2 million, prior year. GAAP gross margin for the first quarter of fiscal 2014 was negative 68%, compared to a gross margin for the first quarter of fiscal 2013 of negative 53%.