Revenue Update on SemiLEDs Corporation(NASDAQ:LEDS)

SemiLEDs Corporation(NASDAQ:LEDS) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 12, 2016. Earnings per share were $-1.06.

SemiLEDs Corporation (LEDS) shares turned negative on Fridays trading session with the shares closing down -0.41 points or -6.07% at a volume of 5,76,416. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.9299. The peak price level was also seen at $6.9299 while the days lowest was $6.06. Finally the shares closed at $6.34. The 52-week high of the shares is $11.35 while the 52-week low is $1.36. According to the latest information available, the market cap of the company is $18 M.

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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