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Tag: LED

  • SemiLEDs Corp. (LEDS) Stock Continues Upward Trend After Entering Limelight for Day Traders

    SemiLEDs Corp. (LEDS) Stock Continues Upward Trend After Entering Limelight for Day Traders

    SemiLEDs Corp. (LEDS) stock prices were up by 5.14% some time aftermarket trading commenced on July 6th, 2021, bringing the price per share up to USD$16.77 early on in the trading day.

    Revenue and Net Loss Reports

    The company reported revenue in the amount of USD$1.4 million for the third quarter of fiscal 2021, up from the USD$1.2 million reported in the prior quarter. GAAP net loss attributable to SemiLEDs stockholders came out to USD$64,000, representing a net loss of USD$0.02 per diluted share, for the third quarter of fiscal 2021. The second quarter of fiscal 2021 reported a net loss of USD$255,000, representing a net loss of USD$0.06 per diluted share.

    GAAP Gross Margin and Liquidity Position

    GAAP gross margin was up to 46% for Q3 of fiscal 2021, a significant improvement from the 20% reported for the prior quarter. Operating margins for the quarter ended May 31st, 2021 was down to negative 41%, as compared to the negative 42% reported for Q2 of fiscal 2021. The company ended the third quarter of fiscal 2021 with a solid liquidity position. As of May 31st 2021, the company reported cash and cash equivalents in the amount of USD$1.7 million, down from the USD$2.1 million reported at the end of Q2 of fiscal 2021.

    Scope of LEDS

    The company develops and manufactures both LED chips and components for general lighting applications, including, but not limited to streetlights, as well as commercial, industrial, system, and residential lighting. LEDS also facilitates specialty industrial applications, such as UV curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting, and entertainment lighting. The company’s product portfolio includes blue, white, green, and UV LED chips.

    Effects of the Pandemic

    Current and potential investors are hopeful that management will continue to push for continued growth as global restrictions ease and universal immunization programs are accelerated. Nevertheless, recent activity has been largely confounding. With the company itself admitting to lacking any fundamental reason for the gains, evidence suggests LEDS is being driven by day traders. The company has reported a negative free cash flow and only USD$5 million in revenue over the last twelve months.

    Future Outlook for LEDS

    Armed with consistently improving financials despite the ongoing effects of the coronavirus pandemic, LEDS has managed to stay afloat during particularly tumultuous economic times. The dire straits presented by the onset of Covid-19 resulted in the massive reduction of the scope of the company’s business, with social gatherings being limited and so many businesses facing temporary or permanent closure.

  • Orion Energy Systems, Inc. (OESX) Stock Relatively Stable After Disclosure of Promising Q4 2021 Financial Reports

    Orion Energy Systems, Inc. (OESX) stock prices were down by a marginal 0.52% as of the market closing on June 24th, 2021, bringing the price per share down to USD$5.74. Subsequent pre-market fluctuations have seen the stock climb by 0.17%, bringing it up to USD$5.75.

    Quarterly Revenue Reports

    Revenues for the fourth quarter of the fiscal year 2021 were reported at USD$35.5 million, up 37% from the USD$25.9 million reported in the prior year quarter. This difference is largely attributable to strong national retrofit activity as the vicegrip of the pandemic loosened relatively over the course of the fiscal year. The 2021 quarter was also bolstered by several sizeable national retrofit projects, some of which were for a specialty retailer, as well as a significant national retail customer.

    Yearly Revenue Reports

    Revenue for the full fiscal year 2021 came in at USD$116.8, down from USD$150.8 million in the prior fiscal year. This difference is primarily driven by stoppages arising from the onset of the global coronavirus pandemic, as well as projects being delayed earlier in the fiscal year.

    Operating Expenses

    The last quarter of fiscal 2021 reported operating expenses in the amount of 18.8% of sales, down from the 23.7% reported in the fourth quarter of fiscal 2020. This difference is largely the result of fixed cost absorption from higher business volume in the 2021 quarter. Operating expenses for the full fiscal year 2021 were USD$23.3 million, marginally down from the USD$24 million reported for fiscal 2020. Despite this, operating expenses as a percentage of sales improved year-over-year from 19.9% to 15.9%, reflecting the difference in business volume.

    Cash from Operating Activities

    USD$7.4 million were generated in cash from operating activities over the course of the last quarter of fiscal 2021. This is a significant improvement on the USD$6.1 million reported in the year-ago quarter. The difference is primarily driven by higher net income and favorable working capital changes. The full fiscal year 2021 saw the company generate USD$1.7 million in cash from operating activities, down from the USD$20.3 million reported for the fiscal year 2020. This massive difference is explained by a lower net income as well as the effects of working capital investments.

    Future Outlook for OESX

    Armed with the strength of its most recent financial reports marking the end of fiscal 2021, the company is poised to capitalize on the opportunities afforded to it. OESX is keen to continue its trajectory of success well into the upcoming fiscal year. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.