Benzinga | Nov 26, 2021 05:39AM EST

How SemiLEDs Fared In Q4?

* SemiLEDs Corp (NASDAQ:LEDS) reported fourth-quarter FY21 revenue of $1.4 million, flat quarter-on-quarter.

* Margins: The gross margin contracted 3,500 basis points to 11% Q/Q as costs surged 57.5% Q/Q.

* The operating margin was negative (135)% versus negative (41)% 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.

* Price Action: LEDS shares traded lower by 4.46% at $6.21 in the premarket session on the last check Friday.