SemiLEDs Corporation announced unaudited consolidated earnings results for the first quarter November 30, 2013. For the quarter, the company reported revenues, net of $3,417,000 against $6,227,000 a year ago. Loss from operations was $6,107,000 against $8,174,000 a year ago. Loss before income taxes was $6,350,000 against $9,118,000 a year ago. Net loss attributable to the company stockholders was $6,292,000 or $0.23 per basic and diluted share against $8,923,000 or $0.32 per basic and diluted share a year ago. Non-GAAP net loss attributable to the company stockholders was $5,759,000 or $0.21 per basic and diluted share against $8, 587,000 or $0.31 per basic and diluted share a year ago. Capital expenditures were $483,000 against $1,669,000 a year ago. Cash used in operations during the first quarter was $5.4 million compared to $4.7 million in the previous quarter.

The company provided earnings guidance for the second quarter of 2014. For the period, the company expects revenues to be in the range of $4 million to $5 million and GAAP growth margin to continue to be negative for the quarter as will not fully utilize the production capacity. GAAP net loss attributable to some of the stockholders for the second quarter is expected to be $5.4 million to $6.2 million. GAAP EPS is expected to be negative $0.20 to $0.22 per diluted share.