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QuickLogic (QUIK)
:QUIK
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.18Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 12.29%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with both promising developments in strategic contracts and technology advancements, but also notable revenue declines and delayed revenue recognition impacting financial performance.Company Guidance
During the QuickLogic Corporation Q3 2024 earnings call, the guidance provided for Q4 2024 included expected revenue of approximately $6 million, with about $5 million from new products and $1 million from mature products. The company anticipates a non-GAAP gross margin of around 60% and non-GAAP operating expenses of about $3.3 million. Despite delays in certain IP contracts, particularly a significant one pushed to Q1 2025 due to expanded scope, the company forecasts a return to non-GAAP profitability in Q4 2024, with an estimated net income of $0.35 million to $0.48 million, translating to $0.02 to $0.03 per share. Additionally, the company projects positive cash flow in Q1 2025, following a cash usage of under $500,000 in Q4.eFPGA Hard IP Developments
QuickLogic has developed eFPGA Hard IP on 5 unique process technologies and is on track to be the first to offer it for Intel 18A. This positions the company well for upcoming contracts and market penetration.
Strategic Contracts and Alliances
QuickLogic has joined the Intel Foundry's Accelerator IP and USMAG Alliances, enhancing its strategic positioning. The third tranche of a Strategic Radiation Hardened FPGA government contract was awarded, with the fourth tranche expected soon.
Increased Revenue Guidance for Q4
Revenue guidance for Q4 2024 is approximately $6 million, with an expected return to non-GAAP profitability in Q4 and for the full fiscal year 2024.
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QUIK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QUIK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $8.14 | $7.39 | -9.21% |
| Aug 13, 2024 | $9.42 | $8.22 | -12.74% |
| May 13, 2024 | $12.56 | $12.11 | -3.58% |
| Feb 27, 2024 | $12.71 | $15.67 | +23.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does QuickLogic (QUIK) report earnings?
QuickLogic (QUIK) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is QuickLogic (QUIK) earnings time?
QuickLogic (QUIK) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QUIK EPS forecast?
QUIK EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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