Revenue Update on SemiLEDs Corporation(NASDAQ:LEDS)

SemiLEDs Corporation(NASDAQ:LEDS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Apr 12, 2016. Earnings per share were $-0.08.

SemiLEDs Corporation (LEDS) remained unchanged at the close of Friday session. Even as the volume increased to 88,277 ,the shares failed to make any impression and ended at 0 points or 0.00% at $0.32. The trading session commenced at $0.32 and the stock hit a high of $0.3501 and touched $0.32 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $1.03 and the 52-week low is $0.23. The company has a market cap of $9.3 M and has approximately 2,90,68,685 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Jan 28, 2015, Mark Ewing Tuttle (GM of SemiLEDs Optoelectronics) sold 12,000 shares at $1.35 per share price.

SemiLEDs Corporation develops manufactures and sells light emitting diode (LED) chips and LED components. The Company’s products are used primarily for general lighting applications including street lights and commercial industrial and residential lighting. Its LED chips are also used in specialty industrial applications such as ultraviolet (UV) curing of polymers LED light therapy in medical/cosmetic applications counterfeit detection LED lighting for horticulture applications architectural lighting and entertainment lighting. The Company sells blue white green and UV LED chips to a customer base that is concentrated in select markets including Taiwan the United States and China. It also sells its Enhanced Vertical (EV) LED product series in blue white green and UV. It sells its LED chips to packagers or to distributors. In addition it packages a portion of its LED chips into LED components which it sells to distributors and end-customers in selected markets.

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