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SemiLEDs Reports First Quarter Of Fiscal Year 2012 Financial Results

Stocks in this article: LEDS

Financial Outlook

For its second quarter of fiscal 2012 ending February 29, 2012, SemiLEDs expects revenue in a range of $7 million to $8 million with GAAP net loss attributable to SemiLEDs stockholders of $7.6 million to $7.1 million, or a loss of $0.28 to $0.26 per diluted share, based on an estimated 27.4 million diluted weighted average shares. GAAP gross margin is expected to be negative.

Conference Call Information

SemiLEDs will discuss these financial results in a conference call today at 8:00 a.m. Eastern Standard Time (9:00 p.m. Wednesday, January 11, 2012, China Standard Time). The public is invited to listen to a live webcast of the conference call on the Investors section of the company website at http://investors.semileds.com/events.cfm.

An audio replay of the conference call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until Friday, January 13, 2012 at 11:59 p.m. Eastern Standard Time and can be accessed by dialing 888-203-1112 if you are calling from within the United States or 719-457-0820 if you are calling from outside the United States and entering the replay pass code 1543778. A replay of the webcast will be available on the Investors section of the Company’s web site approximately three hours after the conclusion of the call and remain available for approximately 90 calendar days.

About SemiLEDs

SemiLEDs develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. SemiLEDs sells blue, green and ultraviolet (UV) LED chips under the MvpLED brand.

Non-GAAP Financial Measures

SemiLEDs has provided in this press release adjusted financial information that has not been prepared in accordance with generally accepted accounting principles, or GAAP. SemiLEDs uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to, but not as a substitute for, GAAP measures, in evaluating the Company’s operational performance. SemiLEDs believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating operating results and trends, and in comparing its financial results with other companies in SemiLEDs’ industry, many of which present similar non-GAAP financial measures to investors. The historical non-GAAP financial measures presented above exclude the following item required to be included by GAAP: non-cash stock-based compensation charges and related tax effect.

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