Overview
LED chip maker's Q1 fiscal 2026 revenue fell sharply from previous quarter
Net loss for Q1 fiscal 2026 narrowed compared to prior quarter
Company's cash and cash equivalents increased slightly from prior quarter
Outlook
Company did not provide specific guidance for future quarters or fiscal year
Result Drivers
REVENUE DECLINE - Co reported a sharp decline in revenue to $2.6 mln from $13.2 mln in the previous quarter without providing specific reasons
OPERATING EXPENSES - Operating expenses decreased slightly, contributing to a narrower net loss
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $2.57 mln | ||
Q1 Net Income | -$742,000 | ||
Q1 Gross Profit | $18,000 | ||
Q1 Income From Operations | -$1.01 mln | ||
Q1 Operating Expenses | $1.03 mln | ||
Q1 Pretax Profit | -$742,000 |
Press Release: ID:nBw4NvNqMa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)