$LEDS

SemiLEDs Corp

CIK:0001333822|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Revenues, net	$ 9,074	$ 17,651	$ 12,707	$ 29,784
Cost of revenues	6,614	16,712	10,223	27,582
Gross profit	2,460	939	2,484	2,202
Operating expenses:
Research and development	363	292	995	792
Selling, general and administrative	681	709	1,959	2,019
Gain on disposals of long-lived assets, net	1	0	(29)	0
Total operating expenses	1,045	1,001	2,925	2,811
Income (loss) from operations	1,415	(62)	(441)	(609)
Other income (expenses):
Investment loss from unconsolidated entities	(2)	(9)	(17)	(22)
Interest expenses, net	(10)	(20)	(44)	(130)
Other income, net	270	266	814	814
Foreign currency transaction (loss) gain, net	(150)	48	(134)	11
Total other income, net	108	285	619	673
Income before income taxes	1,523	223	178	64
Net income	$ 1,523	$ 223	$ 178	$ 64
Net income per share
Basic	$ 0.18	$ 0.03	$ 0.02	$ 0.01
Diluted	$ 0.18	$ 0.03	$ 0.02	$ 0.01
Weighted average number of ordinary shares outstanding
Basic	8,264	7,232	8,249	7,552
Diluted	8,264	7,232	8,249	7,552

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	May 31, 2026	Nov. 30, 2025	May 31, 2025	Nov. 30, 2024	May 31, 2026	May 31, 2025	Aug. 31, 2025	Aug. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,523	$ (742)	$ 223	$ (547)	$ 178	$ 64
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization					527	512
Stock-based compensation expense					124	82
Provisions for inventory write-downs	129		39		407	185
Gain on disposals of long-lived assets, net	1		0		(29)	0
Investment loss from unconsolidated entities					17	22
Changes in :
Accounts receivable					1,301	282
Inventories					(484)	(8,310)
Prepaid expenses and other assets					(606)	(2,947)
Accounts payable					(78)	7,528
Accrued expenses and other current liabilities					2,404	4,522
Net cash provided by operating activities					3,761	1,940	$ 2,200	$ (361)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment					(131)	(548)
Proceeds from sales of property, plant and equipment					30	0
Placement of refundable deposits					0	(1)
Payments for development of intangible assets					(2)	(22)
Net cash used in investing activities					(103)	(571)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt					(345)	(360)
Acquisition of noncontrolling interests					0	(142)
Net cash used in financing activities					(345)	(502)
Effect of exchange rate changes on cash and cash equivalents and restricted cash					67	(85)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH					3,380	782
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period		$ 2,770		$ 1,840	2,770	1,840	1,840
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—End of period	$ 6,150		$ 2,622		6,150	2,622	$ 2,770	$ 1,840
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest					0	13
Cash paid for income taxes					0	0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Accrual related to property, plant and equipment					0	7
Issuance of common stock to repay long-term loan					$ 0	$ 1,600

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2026	Aug. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 5,978	$ 2,593
Accounts receivable (including related parties), net of allowance for doubtful accounts of $176 and $180 as of May 31, 2026 and August 31, 2025, respectively	2,193	3,588
Inventories, net	4,739	4,776
Prepaid expenses and other current assets	960	345
Total current assets	13,870	11,302
Property, plant and equipment, net	2,263	2,713
Operating lease right of use assets	1,007	1,141
Intangible assets, net	106	100
Investments in unconsolidated entities	47	65
Other assets	250	272
TOTAL ASSETS	17,543	15,593
CURRENT LIABILITIES:
Current installments of long-term debt	1,262	1,274
Accounts payable	4,874	5,027
Accrued expenses and other current liabilities	6,057	3,776
Other payable to related parties	$ 1,187	$ 1,161
Accounts Payable, Related Party [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Operating lease liabilities, current portion	$ 107	$ 145
Total current liabilities	13,487	11,383
Long-term debt, excluding current installments	77	434
Operating lease liabilities, less current portion	900	996
Total liabilities	14,464	12,813
Commitments and contingencies (Note 5)
SHAREHOLDERS' EQUITY:
Common stock, $0.0000056 par value -15,000 shares authorized; 8,273 shares and 8,258 ssued and outstanding as of May 31, 2026 and August 31, 2025
Additional paid-in capital	189,063	188,939
Accumulated other comprehensive income	3,649	3,652
Accumulated deficit	(189,633)	(189,811)
Total shareholders' equity	3,079	2,780
TOTAL LIABILITIES AND EQUITY	$ 17,543	$ 15,593