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SemiLEDs Corp（LEDS）与Spectral AI, Inc.（MDAI）财务数据对比。点击上方公司名可切换其他公司
Spectral AI, Inc.的季度营收约是SemiLEDs Corp的1.6倍（$4.1M vs $2.6M），Spectral AI, Inc.净利率更高（25.7% vs -28.9%，领先54.6%），SemiLEDs Corp同比增速更快（103.7% vs -46.3%），过去两年SemiLEDs Corp的营收复合增速更高（70.3% vs -19.6%）
该企业是涵盖电子设计与制造供应链相关企业的行业协会，为半导体、光伏板、发光二极管、平板显示器、微机电系统、印刷柔性电子及相关微纳米技术领域的制造提供设备、材料与服务支持。
Spectral AI, Inc.是一家医疗科技企业，专注于研发人工智能驱动的烧伤及创伤护理诊断成像解决方案，推出的无创成像工具可帮助医疗机构更快作出精准治疗评估，主要服务北美及欧洲的临床与医疗合作网络。
LEDS vs MDAI — 直观对比
营收规模更大
MDAI
是对方的1.6倍
$2.6M
营收增速更快
LEDS
高出150.0%
-46.3%
净利率更高
MDAI
高出54.6%
-28.9%
两年增速更快
LEDS
近两年复合增速
-19.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6M | $4.1M |
| 净利润 | $-742.0K | $1.1M |
| 毛利率 | 0.7% | 45.2% |
| 营业利润率 | -39.4% | -54.9% |
| 净利率 | -28.9% | 25.7% |
| 营收同比 | 103.7% | -46.3% |
| 净利润同比 | -35.6% | 113.9% |
| 每股收益（稀释后） | $-0.09 | $0.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LEDSMDAI
| Q4 25 | $2.6M | $4.1M | ||
| Q3 25 | $13.2M | $3.8M | ||
| Q2 25 | $17.7M | $5.1M | ||
| Q1 25 | $10.9M | $6.7M | ||
| Q4 24 | $1.3M | $7.6M | ||
| Q3 24 | $1.3M | $8.2M | ||
| Q2 24 | $1.3M | $7.5M | ||
| Q1 24 | $886.0K | $6.3M |
净利润LEDSMDAI
| Q4 25 | $-742.0K | $1.1M | ||
| Q3 25 | $-1.2M | $-3.6M | ||
| Q2 25 | $223.0K | $-8.0M | ||
| Q1 25 | $388.0K | $2.9M | ||
| Q4 24 | $-547.0K | $-7.6M | ||
| Q3 24 | — | $-1.5M | ||
| Q2 24 | $-319.0K | $-2.9M | ||
| Q1 24 | $-559.0K | $-3.2M |
毛利率LEDSMDAI
| Q4 25 | 0.7% | 45.2% | ||
| Q3 25 | 1.7% | 42.7% | ||
| Q2 25 | 5.3% | 45.2% | ||
| Q1 25 | 9.2% | 47.2% | ||
| Q4 24 | 20.6% | 44.0% | ||
| Q3 24 | 11.6% | 44.9% | ||
| Q2 24 | 41.0% | 44.3% | ||
| Q1 24 | 12.6% | 46.6% |
营业利润率LEDSMDAI
| Q4 25 | -39.4% | -54.9% | ||
| Q3 25 | -9.0% | -88.1% | ||
| Q2 25 | -0.4% | -41.9% | ||
| Q1 25 | 1.0% | -13.4% | ||
| Q4 24 | -52.1% | -14.6% | ||
| Q3 24 | — | -10.8% | ||
| Q2 24 | -35.8% | -32.7% | ||
| Q1 24 | -93.9% | -33.9% |
净利率LEDSMDAI
| Q4 25 | -28.9% | 25.7% | ||
| Q3 25 | -9.0% | -93.7% | ||
| Q2 25 | 1.3% | -157.3% | ||
| Q1 25 | 3.6% | 43.2% | ||
| Q4 24 | -43.4% | -99.8% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | -24.1% | -38.3% | ||
| Q1 24 | -63.1% | -50.7% |
每股收益（稀释后）LEDSMDAI
| Q4 25 | $-0.09 | $0.04 | ||
| Q3 25 | $-0.15 | $-0.13 | ||
| Q2 25 | $0.03 | $-0.31 | ||
| Q1 25 | $0.05 | $0.11 | ||
| Q4 24 | $-0.08 | $-0.42 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | $-0.04 | $-0.16 | ||
| Q1 24 | $-0.11 | $-0.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.9M | $15.4M |
| 总债务越低越好 | — | $9.3M |
| 股东权益账面价值 | $2.1M | $-5.7M |
| 总资产 | $14.2M | $21.4M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LEDSMDAI
| Q4 25 | $2.9M | $15.4M | ||
| Q3 25 | $2.6M | $10.5M | ||
| Q2 25 | $2.4M | $10.5M | ||
| Q1 25 | $2.4M | $14.1M | ||
| Q4 24 | $1.2M | $5.2M | ||
| Q3 24 | $1.7M | $3.7M | ||
| Q2 24 | $1.7M | $6.9M | ||
| Q1 24 | $1.6M | $10.2M |
总债务LEDSMDAI
| Q4 25 | — | $9.3M | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | $3.7M | $1.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LEDSMDAI
| Q4 25 | $2.1M | $-5.7M | ||
| Q3 25 | $2.8M | $-8.2M | ||
| Q2 25 | $4.0M | $-9.2M | ||
| Q1 25 | $3.6M | $-1.6M | ||
| Q4 24 | $1.6M | $-7.3M | ||
| Q3 24 | $2.2M | $-4.8M | ||
| Q2 24 | $2.7M | $-4.7M | ||
| Q1 24 | $3.0M | $-2.5M |
总资产LEDSMDAI
| Q4 25 | $14.2M | $21.4M | ||
| Q3 25 | $15.6M | $15.3M | ||
| Q2 25 | $23.2M | $16.0M | ||
| Q1 25 | $23.2M | $20.7M | ||
| Q4 24 | $10.4M | $12.1M | ||
| Q3 24 | $11.1M | $11.6M | ||
| Q2 24 | $11.5M | $13.9M | ||
| Q1 24 | $12.0M | $15.5M |
负债/权益比LEDSMDAI
| Q4 25 | — | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $361.0K | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | $331.0K | — |
| 自由现金流率自由现金流/营收 | 12.9% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | -2.43× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LEDSMDAI
| Q4 25 | $361.0K | $-2.6M | ||
| Q3 25 | — | $-2.5M | ||
| Q2 25 | $693.0K | $-3.4M | ||
| Q1 25 | $1.4M | $-1.5M | ||
| Q4 24 | $-158.0K | $469.0K | ||
| Q3 24 | — | $-1.6M | ||
| Q2 24 | $109.0K | $-5.4M | ||
| Q1 24 | $-600.0K | $-2.7M |
自由现金流LEDSMDAI
| Q4 25 | $331.0K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $383.0K | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $-276.0K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $98.0K | — | ||
| Q1 24 | $-619.0K | — |
自由现金流率LEDSMDAI
| Q4 25 | 12.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | -21.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | -69.9% | — |
资本支出强度LEDSMDAI
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 2.1% | — |
现金转化率LEDSMDAI
| Q4 25 | — | -2.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 3.62× | -0.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
