SemiLEDs Corporation Reports Net Loss of $756,000 in Q2 2023

SemiLEDs Corporation.(LEDS), a leading provider of LED solutions, has released its financial results for the second quarter of 2023. The company reported a net loss of $756,000 during the quarter, compared to a net loss of $541,000 in the previous quarter. However, there was a notable increase in revenue, with the company generating $1.68 million in Q2 2023, compared to $1.15 million in Q1 2023.

Net Loss Impacts SemiLEDs Corporation

Despite an increase in revenue, SemiLEDs Corporation faced challenges during the second quarter of 2023, resulting in a net loss of $756,000. This represents a larger loss compared to the previous quarter, where the net loss amounted to $541,000. The company's financial performance was impacted by various factors, including operating expenses and interest expenses.

During the quarter, SemiLEDs Corporation incurred operating expenses of $1.22 million, up from $964,000 in the previous quarter. These expenses include research and development costs as well as selling, general, and administrative expenses. The increase in operating expenses contributed to the wider net loss experienced by the company.