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According to reports, Xuming Optoelectronics ultra-low-cost out of the inventory, coupled with the slowdown in Eastern European customer demand, the wafer failed to pass quality testing, etc., impact revenue. The company hopes that the new UV LED series will improve its performance; the new product has a beam angle of 20-30 degrees, which is suitable for direct concentrated lighting in small areas, such as counterfeit inspection and cosmetics retail.
Looking ahead, the company expects sales of Q4 (as of August 31) to be no more than $4 million and a net loss of between $7.6 million and $7.9 million. 
Xuming Optoelectronics Q3 revenue decreased by 62%, the loss exceeded expectations
LED Epistars Xuming Optoelectronics announced on the 11th that the US stock market announced its third quarter earnings report (as of May 31). The revenue was reduced by 62% to 3.5 million US dollars and the loss per share of the industry was 0.24 US dollars. The market expects revenue and earnings per share to be $5.17 million and $0.21, respectively.