QuickLogic Corporation (QUIK) Releases Earnings Results, Reports EPS of $-0.08 EPS

QuickLogic Corporation (QUIK) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.08 EPS for the quarter. Analysts had a consensus estimate of $-0.08. The company posted revenue of $2.95 million in the period, compared to analysts expectations of $3.30 million. The company’s revenue was down -52.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

QuickLogic Corporation opened for trading at $1.08 and hit $1.17 on the upside on Monday, eventually ending the session at $1.12, with a gain of 1.82% or 0.02 points. The heightened volatility saw the trading volume jump to 1,49,631 shares. Company has a market cap of $64 M.

In a different news, on Mar 22, 2016, Brian C Faith (VP WW Marketing) purchased 10,000 shares at $1.00 per share price. According to the SEC, on Mar 22, 2016, Andrew J Pease (CEO) purchased 75,000 shares at $1.00 per share price.

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company is a fabless semiconductor company that designs markets and supports primarily customer specific standard products (CSSPs) and field programmable gate arrays (FPGAs) sensor software algorithms software drivers associated design software and programming hardware. The Company’s CSSPs are customized semiconductor solutions created from the solution platforms including the ArcticLink III ArcticLink II ArcticLink PolarPro 3 PolarPro II PolarPro and Eclipse II products; the mature products primarily include the pASIC 3 QuickRAM and QuickPCI products as well as royalty revenue programming hardware and design software. The Company’s product technology consists of primarily five elements: programmable logic; ArcticLink solution platform; proven system blocks (PSBs); sensor software algorithms and a customer engagement model.

QuickLogic Corporation

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