SemiLEDs Corporation (NASDAQ: LEDS), a developer of LED chips and components, reported its financial results for the third quarter of fiscal year 2025, ending May 31. Revenue surged to $17.7 million, up from $10.9 million in the previous quarter. However, net income fell to $223,000, or $0.03 per diluted share, down from $388,000, or $0.05 per diluted share. The company’s gross margin decreased to 5% from 9%, and it recorded a negative operating margin of 0.4%. Cash and cash equivalents remained steady at $2.4 million. SemiLEDs specializes in a range of lighting applications and has issued forward-looking statements regarding its performance and market opportunities amid industry uncertainties.