SemiLEDs Corporation reported unaudited consolidated earnings results for the third quarter ended of May 31, 2016. For the quarter, the company's revenue was $2.4 million, an 18% decrease compared to $2.9 million in the second quarter of fiscal 2016. GAAP net loss attributable to the company's stockholders was $3.3 million, compared to a loss of $2.5 million in the second quarter of 2016, or a net loss of $1.11 per diluted share, compared to a net loss of $0.87 per diluted share for the second quarter of fiscal 2016. On a non-GAAP basis, net loss attributable to the company's stockholders was $3.1 million, or a net loss of $1.06 per diluted share, compared to non-GAAP net loss attributable to the company's stockholders of $2.2 million, or a loss of $0.77 in the second quarter of 2016. Cash used in operating activities was $1.3 million compared with $1.0 million in the second quarter of fiscal 2016. Loss from operations was $3,141,000 compared to $2,770,000 for the quarter ended of February 29, 2016. Loss before income taxes was $3,263,000 compared to $2,545,000 for the quarter ended of February 29, 2016. Capital expenditures were $184,000 compared to $142,000 a year ago. Total free cash flows were $1,517,000 compared to $1,155,000 a year ago.
The company expects revenue for the fourth quarter ending August 31, 2016 to be $2.0 million to $2.5 million.