LEDS Latest Report

Financial Performance

The operating revenue of Everlight Optoelectronics (LEDS) was US$126.10 million as of November 30, 2024, a YoY decrease of 23.58% from US$165.00 million as of November 30, 2023. This change reflects the market challenges faced by the company, which may include declining demand, increased competition, and adjustments in R&D and marketing expenses.

Key Financial Data

1. Decline in Operating Revenue: The operating revenue in 2024 was US$126.10 million, a YoY decrease of 23.58%.

2. Significant Reduction in R&D Expenses: R&D expenses in 2024 were US$221.00 million, a significant decrease from US$372.00 million in 2023.

3. Slight Reduction in Marketing Expenses: Marketing, sales, and general and administrative expenses in 2024 were US$696.00 million, which may affect market coverage.

4. Change in Special Operating Expenses: Special operating expenses of US$50.00 million in 2023 were not listed in 2024.

5. Fluctuations in Market Demand: The overall optoelectronics industry faces challenges, affecting the company's operating revenue.

Peer Comparison

1. Industry-wide Analysis: The optoelectronics industry faced challenges in 2024, including market demand fluctuations and faster technology updates, resulting in a decline in overall revenue. Although there was growth in 2023, economic uncertainty put pressure on 2024.

2. Peer Evaluation Analysis: The decline in Everlight Optoelectronics' operating revenue was significant, possibly lower than that of other companies in the industry, indicating a relative decline in competitiveness.

Summary

The significant decline in Everlight Optoelectronics' operating revenue is mainly due to the combined effects of weakening market demand, increased competition, and adjustments in R&D and marketing expenses. The company needs to take measures to address these challenges and maintain competitiveness.

Opportunities

1. Focus on profitable product lines, adjust product portfolios to enhance the profitability of overall business.

2. Deepen the development of UV LED markets, seek new profit growth opportunities.

3. Leverage the growth in demand for optical modules and chips, explore potential cooperation or acquisition opportunities.

Risks

1. Continued decline in market demand, which may further affect operating revenue.

2. Increased competition leading to price pressure, affecting profit margins.

3. Reduced R&D expenses may limit product innovation, affecting long-term competitiveness.