semileds corp/tw (LEDS) Key Developments
SemiLEDs Corporation Appoints Christopher Lee as Chief Financial Officer, Effective September 1, 2015
Aug 27 15
On August 22, 2015, the Board of Directors of SemiLEDs Corporation appointed Christopher Lee as Chief Financial Officer, effective September 1, 2015. From November 21, 2014 until his appointment as Chief Financial Officer, Mr. Lee was the interim Chief Financial Officer of the Company.
SemiLEDs Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended May 31, 2015
Jul 9 15
SemiLEDs Corporation reported unaudited consolidated earnings results for the third quarter ended May 31, 2015. For the quarter, the company's revenues, net were $3,508,000 compared to $4,566,000 a quarter ago. Loss from operations was $3,074,000 compared to $2,852,000 a quarter ago. Loss before income taxes was $3,046,000 compared to $2,904,000 a quarter ago. Net loss attributable to the company stockholders was $3,041,000 compared to $2,902,000 a quarter ago. Basic and diluted loss per share attributable to the company stockholders was $0.11 compared to $0.10 a quarter ago. Non-GAAP net loss attributable to the company stockholders was $2,774,000 compared to $2,524,000 a quarter ago. Non-GAAP diluted loss per share attributable to the company stockholders was $0.10 compared to $0.09 a quarter ago. Net cash provided by operating activities was $104,000 compared to net cash used in operating activities of $1,359,000 a quarter ago. Capital expenditures were $275,000 compared to $423,000 a quarter ago. Total free cash flows was $171,000 compared to $1,782,000 a quarter ago.
SemiLEDs Corporation to Report Q3, 2015 Results on Jul 09, 2015
Jul 3 15
SemiLEDs Corporation announced that they will report Q3, 2015 results at 5:00 PM, Taipei Standard Time on Jul 09, 2015
SemiLEDs Corporation Receives Non-Compliance Notice From NASDAQ
May 11 15
Listing Rule 5605(c)(2)(A) of The NASDAQ Stock Market requires that each listed company must have an audit committee of at least three members, each of whom, among other requirements, must be an “Independent Director” and meet the criteria for independence set forth in Rule 10A-3(b) under the Securities Exchange Act of 1934, as amended. One of the SemiLEDs Corporation’s then-current Audit Committee members, Jack Lau, did not stand for re-election at the Annual Meeting. Following the elections of the four directors at the Annual Meeting, the Board appointed Arthur H. del Prado and Dr. Edward Hsieh to the Company’s Audit Committee, such Audit Committee now consists of two members, one less than required. On May 7, 2015, the Company notified The NASDAQ Stock Market that, as a result of having one vacancy on the Audit Committee, the Company is not in current compliance with Listing Rule 5605(c)(2)(A). The Company intends to fill the vacancy on the Audit Committee within the cure period provided for in Listing Rule 5605(c)(4)(B) of The NASDAQ Stock Market. On May 8, 2015, the Company received a notice from The NASDAQ Stock Market acknowledging that the Company no longer complies with the audit committee requirements as set forth in Listing Rule 5605 and confirming the Company’s opportunity to regain compliance within the cure period provided in Listing Rule 5605(c)(4)(B).
SemiLEDs Receives Non-Compliance Letter From Nasdaq
May 6 15
On April 30, 2015, SemiLEDs Corporation received a letter from The NASDAQ Stock Market notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Select Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, based on the closing bid price for the last 30 consecutive business days, the Company no longer meets that requirement. The notification letter does not impact the Company’s listing on the Nasdaq Global Select Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until October 27, 2015, to regain compliance with Nasdaq Listing Rule 5450(a)(1). To regain compliance, the Company’s common stock must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by October 27, 2015, the Company may be eligible for additional time.