SAN JOSE, Calif., Nov. 11, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced its financial results for the fiscal third quarter that ended September 29, 2024.Recent Highlights Third quarter results in line with recent guidance Continued to execute on third tranche of the Strategic Radiation Hardened FPGA Technology US Government contract Delivered eFPGA IP for Global ...

Group 1 - QuickLogic's stock closed at $8.07, reflecting a -1.1% change from the previous day, underperforming the S&P 500's daily gain of 0.74% [1] - Over the past month, QuickLogic shares have depreciated by 3.77%, while the Computer and Technology sector gained 3.99% and the S&P 500 gained 3.16% [1] Group 2 - QuickLogic is set to announce its earnings on November 11, 2024, with analysts expecting a loss of -$0.05 per share, representing a year-over-year decline of 138.46% [2] - The consensus estimate for revenue is $4.2 million, down 37.03% from the prior-year quarter [2] Group 3 - For the annual period, Zacks Consensus Estimates project earnings of $0.35 per share and revenue of $24.4 million, indicating increases of +105.88% and +15.11% respectively from the last year [3] Group 4 - Recent adjustments to analyst estimates for QuickLogic are important as they reflect changing near-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average annual gain of +25% since 1988 [6] - QuickLogic currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] Group 6 - QuickLogic is trading at a Forward P/E ratio of 23.31, which is a discount compared to the industry's average Forward P/E of 32.06 [7] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 146, placing it in the bottom 43% of over 250 industries [7]

Core Viewpoint - QuickLogic is facing challenges with a projected earnings decline and significant revenue drop, while its stock performance has lagged behind broader market indices [1][2][3]. Company Performance - QuickLogic's stock closed at $7.53, reflecting a +1.48% increase, outperforming the S&P 500's gain of 0.41% [1]. - Over the past month, QuickLogic's stock has decreased by 3.13%, underperforming the Computer and Technology sector and the S&P 500 [1]. Upcoming Earnings - The upcoming earnings report on November 11, 2024, is anticipated to show an EPS of -$0.05, indicating a 138.46% decrease year-over-year [2]. - Revenue is projected at $4.2 million, down 37.03% from the same quarter last year [2]. Annual Estimates - For the annual period, earnings are expected to be $0.35 per share, representing a +105.88% increase, with revenue projected at $24.4 million, a +15.11% increase from the previous year [3]. Analyst Estimates - Recent changes in analyst estimates for QuickLogic suggest a shifting business landscape, with positive revisions indicating a favorable outlook [3][4]. Valuation Metrics - QuickLogic's current Forward P/E ratio is 21.2, which is lower than the industry average of 30.98 [6]. - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [6]. Zacks Rank System - QuickLogic currently has a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5].

Announces Participation in Upcoming Investor Conferences SAN JOSE, Calif., Oct. 28, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced that it has scheduled a conference call to discuss its third quarter fiscal 2024 financial results on Monday, November 11, 2024. Date: Monday, November 11, 2024 Time: 5:30 p.m. ET/2:30 p.m. PT Dial-in: Toll Free: 1-877-407-0792; International: 1-201-689-8263 Passcode ...

QuickLogic (QUIK) ended the recent trading session at $8.57, demonstrating a +1.9% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.56%. Shares of the maker of chips for mobile and portable electronics manufacturers witnessed a gain of 6.86% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.65% and the S&P ...

QuickLogic (QUIK) closed at $8.26 in the latest trading session, marking a +0.85% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.04%. The maker of chips for mobile and portable electronics manufacturers's shares have seen an increase of 13.44% over the last month, surpassing the Computer and Technology sector's gain of 4.44% and the S&P 500's gain of 3.77%. Investors will be eagerly ...

QuickLogic (QUIK) closed at $8.78 in the latest trading session, marking a -1.79% move from the prior day. This move lagged the S&P 500's daily gain of 0.61%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 0.33%. Coming into today, shares of the maker of chips for mobile and portable electronics manufacturers had gained 18.88% in the past month. In that same time, the Computer and Technology sector gained 8.6%, while the S&P 500 gained 5.36%. The upcoming earnings rel ...

Achieve a 10x improvement in performance and power efficiency compared to current solutions Partnership with SensiML delivers a complete end-to-end solution for ML edge applications such as keyword spotting PALO ALTO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Efabless Corporation, the creator platform for chips, today announced the launch of chipIgnite ML, a new system-on-chip (SoC) platform. This empowers developers to create custom silicon solutions ten times more efficient than traditional off-the-shelf ...

SAN JOSE, Calif., Oct. 1, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a leading developer of embedded FPGA (eFPGA) IP and User Tools, ruggedized FPGAs, and Endpoint AI/ML solutions, today announced the successful delivery of eFPGA IP for TSMC's N12e 12nm process to a large multi-national customer, achieving delivery in record time—within three months from finalizing specifications to IP completion. This follows the announcement in March of this year, when QuickLogic secured the contract and ...

In the latest trading session, QuickLogic (QUIK) closed at $7.76, marking a -1.4% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.13%. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.39%. The maker of chips for mobile and portable electronics manufacturers's stock has dropped by 2.48% in the past month, falling short of the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43%. Market participants w ...