SAN JOSE, Calif., Dec. 17, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, today announced the appointment of Andy Jaros as Vice President of IP Sales, effective immediately. Andy will report directly to Brian Faith, QuickLogic's President and CEO. With over two decades of leadership experience in semiconductor IP, embedded systems, and business development at companies including ARM, Virage Logic, Synopsy ...

Back in June 2024, we had revised our rating on QuickLogic Corporation (NASDAQ: QUIK ), a fabless semiconductor entity with specialization in eFPGA (embedded FPGA) technology, from a HOLD to a BUY. At the outset, we haveAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

Core Insights - QuickLogic Corporation will showcase its secure and trusted custom eFPGA solutions at Space Tech Expo Europe 2024, highlighting its focus on the aerospace and space sectors [1][2] - The company's eFPGA Hard IP is designed to meet complex demands with high-performance, low-power options and pre-verified, silicon-proven reliability [1] - QuickLogic's solutions are pre-optimized for specific manufacturing nodes, which reduces development time, cost, and risk while ensuring faster integration and reliable performance [2] Company Overview - QuickLogic Corporation is a fabless semiconductor company that develops embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for various applications including industrial, aerospace, defense, edge and endpoint AI, consumer, and computing [3] - The company also offers AI/ML software through its subsidiary, SensiML Corporation, which enhances AI capabilities at the edge/endpoint [3]

Financial Data and Key Metrics Changes - QuickLogic reported significant changes in financial performance, with specific revenue expectations from both new and mature products highlighted [4] - The company emphasized the importance of cash flows and profitability in future projections, indicating a focus on financial health [4] Business Line Data and Key Metrics Changes - The earnings call did not provide specific details on individual business lines or their performance metrics [4] Market Data and Key Metrics Changes - There was no detailed discussion on market data or specific market performance metrics during the call [4] Company Strategy and Development Direction and Industry Competition - QuickLogic's strategy includes expanding its ecosystem partners and enhancing design activity to convert new opportunities into production shipments [4] - The company is focused on government contracts and the timing of related payments, which may impact future revenue streams [4] Management's Comments on Operating Environment and Future Outlook - Management acknowledged risks and uncertainties in the operating environment, particularly regarding market acceptance of customer products and potential schedule changes [4] - Future performance expectations were discussed, with a focus on the ability to meet design milestones and convert opportunities into revenue [4] Other Important Information - The call included a reminder that forward-looking statements involve risks and uncertainties, which could lead to actual results differing from expectations [4] Q&A Session All Questions and Answers Question: What are the expectations regarding revenue from new and mature products? - Management discussed the anticipated timing of revenue from both new and mature products, emphasizing the importance of these streams for future growth [4] Question: How does QuickLogic plan to address potential risks in the operating environment? - The management highlighted the need for careful monitoring of market conditions and customer product acceptance to mitigate risks [4]

Company Performance - QuickLogic reported a quarterly loss of $0.06 per share, compared to the Zacks Consensus Estimate of a loss of $0.05, and a decline from earnings of $0.13 per share a year ago [1] - The quarterly report represents an earnings surprise of -20%, with a previous quarter's expectation of earnings at $0.01 per share, but the company reported a loss of $0.05, resulting in a surprise of -600% [2] - The company posted revenues of $4.27 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.74%, but down from $6.67 million in the same quarter last year [3] Stock Performance - QuickLogic shares have declined approximately 42.1% since the beginning of the year, while the S&P 500 has gained 25.7% [4] - The current Zacks Rank for QuickLogic is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $10.1 million, and for the current fiscal year, it is $0.35 on revenues of $24.4 million [8] - The outlook for the Electronics - Semiconductors industry, where QuickLogic operates, is currently in the bottom 39% of over 250 Zacks industries, which may impact the stock's performance [9]

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 ...