Earnings ·
QuickLogic reports Q3 revenue of $5.1M, up 153% year-over-year
QUIKQUICKLOGIC Corp
QuickLogic reported fiscal third quarter revenue of $5.1 million, a 153.2% increase from the prior year period but a 6.3% decline sequentially. New product revenue reached approximately $4.0 million, while mature products contributed $1.1 million. The company posted a GAAP net loss of $2.2 million, or $0.12 per share, compared to a $4.0 million loss in the year-ago quarter. Gross margin improved significantly to 37.4% from negative 23.3% previously. QuickLogic is a fabless semiconductor company specializing in embedded FPGA Hard IP and programmable logic solutions.