旭明光电 2026年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller SEMILEDS CORPORATIONFORM 10-Q for the Quarter Ended November 30, 2025 INDEX Part I. Financial Information Item 1.Financial Statements Condensed Consolidated Balance Sheets as of November 30, 2025 (Unaudited) and August 31, 2025Unaudited Condensed Consolidated Statements of Operations for the three months ended November 30, 2025and 2024Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three months ended November Part II. Other Information Item 1.Legal Proceedings30Item 1A. Risk Factors30 Item 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Operations SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Cash Flows SEMILEDS CORPORATION AND SUBSIDIARIESNotes to Unaudited Condensed Consolidated Financial Statements 1. Business SemiLEDs Corporation (“SemiLEDs” or the “parent company”) was incorporated in Delaware on January 4, 2005 and is aholding company for various wholly owned subsidiaries. SemiLEDs and its subsidiaries (collectively, the “Company”) develop,manufacture and sell high performance light emitting diodes (“LEDs”). The Company’s core products are LED components, LEDmodules and systems, as well as LED chips and lighting products. LED components, modules and systems have become the most As of November 30, 2025, SemiLEDs had one wholly owned operating subsidiary, Taiwan Bandaoti Zhaoming Co., Ltd.,which conducts its research, development, manufacturing, marketing and sale of LED components and employs the Company’s SemiLEDs’ common stock trades on the NASDAQ Capital Market under the symbol “LEDS”. 2. Summary of Significant Accounting Policies Basis of Presentation—The Company’s unaudited interim condensed consolidated financial statements have been preparedin conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicableprovisions of the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financialreporting. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAPhave been condensed or omitted as permitted by the rules and regulations of the SEC. Accordingly, these unaudited interim The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the auditedconsolidated financial statements and include all adjustments, consisting only of normal recurring adjustments, necessary for thefair presentation of the Company’s unaudited condensed consolidated balance sheet as of November 30, 2025, the unauditedcondensed statements of operations and comprehensive loss for the three months ended November 30, 2025 and 2024, theunaudited condensed statement of changes in equity for the three months ended November 30, 2025 and 2024, and the unaudited Going Concern —The accompanying unaudited interim condensed consolidated financial statements have been prepared ona going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course ofbusiness. The realization of assets and the satisfaction of liabilities in the normal course of business are dependent on, among other The Company suffered losses from operations of $1.6 million and $2.9 million, and net cash provided by operating activitiesof $2.2 million and net cash used in operating activities of $361 thousand, for the years ended August 31, 2025 and 2024,respectively. These facts and conditions have raised substantial doubt about the Company’s ability to continue as a going concern,even though gross profit on product sales was $2.4 million for the year ended August 31, 2025 compared to $1.1 million for theyear ended August 31, 2024. On November 30, 2025, the Company’s cash and cash equivalents had increased to $2.9 millioncompared to $1.2 million on November 30, 2024. Further, loss from operations for the three months ended November 30, 2025 and •Gaining positive cash-inflow from operating activities through continuous cost reductions and the sales of new highermargin products. Steady growth of module products and the continued commercial sales of its UV LED product areexpected to improve the Company’s future gross margin, operating results and cash flows. The Company is targetingniche markets and focusing on product enhancement and developing its LED products into many other applications ordevices. While the Company's management believes that the measures described in the above liquidity plan will be adequate to satisfyits liquidity requiremen