SemiLEDs Corp. reported fourth-quarter FY21 revenue of $1.4 million, flat quarter-on-quarter. Margins The gross margin contracted 3,500 basis points to 11 percent Q/Q as costs surged 57.5 percent Q/Q. The operating margin was negative (135) percent versus negative (41) percent previous quarter. It held $4.8 million in cash and equivalents. EPS loss was $(0.42). SemiLEDs did not provide forecast revenues for Q1 at this time, citing the continuing uncertain impact of COVID-19 on the economy and the company. Price Action LEDS shares traded lower by 4.46 percent at $6.21 in the premarket session on the last check Friday. By Anusuya Lahiri  © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.