SemiLEDs Corporation $(LEDS)$ has reported its financial results for the third quarter of fiscal year 2025, which ended on May 31, 2025. The company, a developer and manufacturer of LED chips and components, saw an increase in revenue to $17.7 million, compared to $10.9 million in the second quarter of fiscal 2025. However, the GAAP net income attributable to SemiLEDs stockholders decreased to $223 thousand, or $0.03 per diluted share, from $388 thousand, or $0.05 per diluted share, in the previous quarter. The GAAP gross margin for the third quarter decreased to 5%, down from 9% in the second quarter. Additionally, the operating margin turned negative, registering at -0.4%, compared to 1% in the prior quarter. Despite these changes, the company's cash and cash equivalents remained stable at $2.4 million at the end of both the third and second quarters of fiscal 2025.
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