SemiLEDs Corp. reported fourth-quarter FY21 revenue of $1.4 million, flat quarter-on-quarter.
The gross margin contracted 3,500 basis points to 11 percent Q/Q as costs surged 57.5 percent Q/Q.
The operating margin was negative (135) percent versus negative (41) percent previous quarter.
It held $4.8 million in cash and equivalents.
EPS loss was $(0.42).
SemiLEDs did not provide forecast revenues for Q1 at this time, citing the continuing uncertain impact of COVID-19 on the economy and the company.
LEDS shares traded lower by 4.46 percent at $6.21 in the premarket session on the last check Friday.
By Anusuya Lahiri
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