SemiLEDs Corporation (LEDS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.06M | 2.57M | 13.22M | 17.65M | 10.87M | 1.26M | 1.32M | 1.32M | 886K | 1.65M | 1.45M | 1.68M | 1.15M | 1.7M | 1.63M | 1.78M | 2.18M | 1.47M | 1.37M | 1.44M |
| Revenue Growth % | -90.21% | 103.73% | 898.87% | 1234.16% | 1127.09% | -23.58% | -8.88% | -21.2% | -23.09% | -2.65% | -10.64% | -5.89% | -47.06% | 15.7% | 18.6% | 23.97% | 80.43% | 103.76% | -2% | -8.29% |
| Cost of Goods Sold | 1.06M | 2.55M | 13M | 16.71M | 9.87M | 1M | 1.17M | 780K | 774K | 1.41M | 1.41M | 1.44M | 890K | 1.23M | 1.29M | 1.45M | 1.65M | 1.26M | 1.22M | 775K |
| COGS % of Revenue | 99.44% | 99.3% | 98.27% | 94.68% | 90.77% | 79.38% | 88.44% | 58.96% | 87.36% | 85.15% | 97.18% | 85.65% | 77.26% | 72.68% | 79.4% | 81.17% | 75.97% | 86.14% | 89.06% | 53.86% |
| Gross Profit | 6K | 18K | 229K | 939K | 1M | 260K | 153K | 543K | 112K | 245K | 41K | 241K | 262K | 463K | 335K | 336K | 523K | 203K | 150K | 664K |
| Gross Margin % | 0.56% | 0.7% | 1.73% | 5.32% | 9.23% | 20.62% | 11.56% | 41.04% | 12.64% | 14.85% | 2.82% | 14.35% | 22.74% | 27.32% | 20.6% | 18.83% | 24.03% | 13.86% | 10.94% | 46.14% |
| Gross Profit Growth % | -99.4% | -93.08% | 49.67% | 72.93% | 795.54% | 6.12% | 273.17% | 125.31% | -57.25% | -47.08% | -87.76% | -28.27% | -49.9% | 128.08% | 123.33% | -49.4% | 117.01% | 1022.73% | 38.89% | 59.62% |
| Operating Expenses | 851K | 1.06M | 1.22M | 1M | 893K | 917K | 978K | 1.02M | 944K | 1.06M | 1.11M | 1.22M | 964K | 1.12M | 1.4M | 1.11M | 902K | 1.18M | 2M | 1.26M |
| OpEx % of Revenue | 79.98% | 41.22% | 9.19% | 5.67% | 8.21% | 72.72% | 73.87% | 76.8% | 106.55% | 64.48% | 76.26% | 72.78% | 83.68% | 65.9% | 86.35% | 62.22% | 41.45% | 80.61% | 145.66% | 87.28% |
| Selling, General & Admin | 575K | 703K | 853K | 709K | 614K | 696K | 760K | 696K | 693K | 742K | 787K | 850K | 669K | 752K | 976K | 810K | 746K | 777K | 1.54M | 730K |
| SG&A % of Revenue | 54.04% | 27.36% | 6.45% | 4.02% | 5.65% | 55.19% | 57.4% | 52.61% | 78.22% | 44.97% | 54.16% | 50.63% | 58.07% | 44.37% | 60.02% | 45.4% | 34.28% | 53.04% | 112.03% | 50.73% |
| Research & Development | 276K | 356K | 362K | 292K | 279K | 221K | 217K | 320K | 251K | 372K | 321K | 372K | 295K | 365K | 428K | 357K | 295K | 404K | 461K | 528K |
| R&D % of Revenue | 25.94% | 13.86% | 2.74% | 1.65% | 2.57% | 17.53% | 16.39% | 24.19% | 28.33% | 22.55% | 22.09% | 22.16% | 25.61% | 21.53% | 26.32% | 20.01% | 13.56% | 27.58% | 33.63% | 36.69% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 0 | -50K | 0 | 0 | 0 | 0 | 0 | -57K | -139K | 0 | 0 | -2K |
| Operating Income | -845K | -1.04M | -986K | -62K | 110K | -657K | -825K | -473K | -832K | -819K | -1.07M | -981K | -702K | -654K | -1.07M | -774K | -379K | -978K | -1.85M | -592K |
| Operating Margin % | -79.42% | -40.52% | -7.46% | -0.35% | 1.01% | -52.1% | -62.31% | -35.75% | -93.91% | -49.64% | -73.43% | -58.43% | -60.94% | -38.58% | -65.74% | -43.39% | -17.42% | -66.76% | -134.72% | -41.14% |
| Operating Income Growth % | -868.18% | -58.45% | -19.52% | 86.89% | 113.22% | 19.78% | 22.68% | 51.78% | -18.52% | -25.23% | 0.19% | -26.74% | -85.22% | 33.13% | 42.12% | -30.74% | 25.25% | -0.62% | -367.59% | 20.11% |
| EBITDA | -671K | -860K | -781K | 138K | 266K | -501K | -668K | -329K | -675K | -665K | -949K | -722K | -375K | -355K | -766K | -577K | -162K | -757K | -1.62M | -361K |
| EBITDA Margin % | -63.06% | -33.48% | -5.91% | 0.78% | 2.45% | -39.73% | -50.45% | -24.87% | -76.19% | -40.3% | -65.31% | -43% | -32.55% | -20.94% | -47.11% | -32.34% | -7.44% | -51.67% | -118.45% | -25.09% |
| EBITDA Growth % | -352.26% | -71.66% | -16.92% | 141.95% | 139.41% | 24.66% | 29.61% | 54.43% | -80% | -87.32% | -23.89% | -25.13% | -131.48% | 53.1% | 52.83% | -59.83% | 41.94% | 0% | -828% | 31.89% |
| D&A (Non-Cash Add-back) | 174K | 181K | 205K | 200K | 156K | 156K | 157K | 144K | 157K | 154K | 118K | 259K | 327K | 299K | 303K | 197K | 217K | 221K | 223K | 231K |
| EBIT | -581K | -730K | -1.18M | 243K | 430K | -480K | -526K | -258K | -492K | -508K | -812K | -689K | -480K | -422K | -1.05M | -817K | -60K | -434K | -1.75M | 37K |
| Net Interest Income | -22K | -12K | -11K | -20K | -42K | -67K | -36K | -58K | -65K | -88K | -68K | -67K | -65K | -87K | -92K | -94K | -92K | -91K | -93K | -94K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 22K | 12K | 11K | 20K | 42K | 67K | 36K | 58K | 65K | 88K | 68K | 67K | 65K | 87K | 92K | 94K | 92K | 91K | 93K | 94K |
| Other Income/Expense | 242K | 299K | -208K | 285K | 278K | 110K | 263K | 157K | 275K | 223K | 187K | 225K | 157K | 145K | -69K | -137K | 227K | 453K | 8K | 535K |
| Pretax Income | -603K | -742K | -1.19M | 223K | 388K | -547K | -562K | -316K | -557K | -596K | -880K | -756K | -545K | -509K | -1.14M | -911K | -152K | -525K | -1.84M | -57K |
| Pretax Margin % | -56.67% | -28.88% | -9.03% | 1.26% | 3.57% | -43.38% | -42.45% | -23.89% | -62.87% | -36.12% | -60.56% | -45.03% | -47.31% | -30.03% | -69.99% | -51.07% | -6.99% | -35.84% | -134.14% | -3.96% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -603K | -742K | -1.19M | 223K | 388K | -547K | -560K | -319K | -559K | -598K | -881K | -756K | -541K | -512K | -1.14M | -916K | -172K | -518K | -1.83M | -64K |
| Net Margin % | -56.67% | -28.88% | -9.03% | 1.26% | 3.57% | -43.38% | -42.3% | -24.11% | -63.09% | -36.24% | -60.63% | -45.03% | -46.96% | -30.21% | -69.99% | -51.35% | -7.9% | -35.36% | -133.84% | -4.45% |
| Net Income Growth % | -255.41% | -35.65% | -113.21% | 169.91% | 169.41% | 8.53% | 36.44% | 57.8% | -3.33% | -16.8% | 22.58% | 17.47% | -214.53% | 1.16% | 37.98% | -1331.25% | 32.55% | 25.68% | -2859.68% | 87.52% |
| Net Income (Continuing) | -603K | -742K | -1.19M | 223K | 388K | -547K | -562K | -316K | -557K | -596K | -880K | -756K | -545K | -509K | -1.14M | -911K | -152K | -525K | -1.84M | -57K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 48K | 50K | 48K | 46K | 43K | 44K | 44K | 48K | 45K | 48K | 51K | 31K | 39K | 44K |
| EPS (Diluted) | -0.07 | -0.09 | -0.15 | 0.03 | 0.05 | -0.08 | -0.08 | -0.04 | -0.11 | -0.12 | -0.18 | -0.15 | -0.11 | -0.11 | -0.25 | -0.20 | -0.04 | -0.12 | -0.42 | -0.02 |
| EPS Growth % | -230.35% | -18.73% | -93.05% | 169.37% | 148.82% | 36.83% | 56.83% | 70.4% | 0% | -9.09% | 28% | 25% | -175% | 8.33% | 40.48% | -900% | 36.71% | 29.41% | -2609.68% | 85.71% |
| EPS (Basic) | -0.07 | -0.09 | -0.15 | 0.03 | 0.05 | -0.08 | -0.08 | -0.04 | -0.11 | -0.12 | -0.18 | -0.15 | -0.11 | -0.11 | -0.25 | -0.20 | -0.04 | -0.12 | -0.42 | -0.02 |
| Diluted Shares Outstanding | 8.22M | 8.23M | 8.22M | 7.23M | 7.22M | 7.21M | 7.2M | 7.18M | 4.91M | 4.88M | 4.9M | 4.9M | 4.87M | 4.84M | 4.53M | 4.52M | 4.49M | 4.46M | 4.41M | 4.06M |
| Basic Shares Outstanding | 8.22M | 8.23M | 8.22M | 7.23M | 7.22M | 7.21M | 7.2M | 7.19M | 4.91M | 4.89M | 4.86M | 4.9M | 4.87M | 4.84M | 4.53M | 4.52M | 4.3M | 4.46M | 4.4M | 3.2M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |