Benzinga | Jan 12, 2022 11:03AM EST

SemiLEDs Clocks 104% Revenue Growth In Q1

* SemiLEDs Corp (NASDAQ:LEDS) reported a first-quarter FY22 revenue increase of 103.8% year-over-year to $1.47 million.

* EPS loss narrowed to $(0.12) from $(0.17) in the previous year.

* The company reported a gross profit of $0.203 million, with a margin of 13.9% for the quarter.

* Loss from operations was $(0.978) million compared to $(0.972) million a year ago.

* Net cash used in operating activities stood at $0.607 million. SemiLEDs held cash and equivalents of $4.28 million as of November 30, 2021.

* Price Action: LEDS shares are trading higher by 0.24% at $4.19 on the last check Wednesday.