LEDS SemiLEDs Corp
What the filings say Pressure ▼
Auditor churn in a microcap is a leading indicator of reporting problems.
Radar 49 (elevated attention) · dilution pressure low · listing risk low · governance risk elevated · runway cash-flow positive · strongest signal: Auditor change (Jul 27, 2026)
Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.
49 Radar · attention score (0–100)
0 Dilution pressure · financing + balance sheet
25 Listing risk · exchange standards
56 Governance risk · reporting, auditor, going concern
Analyst note No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Pro on LEDS Alerts One email the morning LEDS files anything that matches your rules (types, minimum score, setups).
12-month history Every signal and setup for LEDS back a year, not just 30 days — see how the current setup built.
Full analyst notes What we noticed, evidence with links, what could prove us wrong, red-team caveats.
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Balance sheet (XBRL) $6.0M cash + short-term investments as of May 31, 2026
cash-flow positive estimated runway (annualized 272-day YTD operating cash flow [companyfacts])
$3.1M stockholders' equity as of May 31, 2026
$5.7M public float (10-K cover)
8.3M shares outstanding as of Jul 7, 2026 · was 8.3M Apr 6, 2026
Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 77 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.
Signal timeline Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.
Date Signal Evidence Score Jul 27, 2026 ▼ Auditor change 8-K Item 4.01 filed 2026-07-27 (accepted 06:01 ET) filing
56 May 31, 2026 ▼ Near $5M MVLS floor Public float $5,700,000 (as of 2025-02-28) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing
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Quiet Alpha Automated SEC-filing intelligence for US microcaps. Updated every weekday morning from SEC EDGAR · last run 2026-08-16.
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