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Quicklogic Corp. (QUIK)
NASDAQ:QUIK
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -18.82%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant achievements in securing new contracts and potential growth with Intel 18A, short-term challenges such as revenue declines and reduced gross margins were highlighted. The company anticipates a strong rebound in Q2 2025 and beyond, driven by new contracts and strategic investments.Company Guidance
During QuickLogic Corporation's fiscal fourth quarter and full year 2024 earnings call, the company provided guidance for upcoming quarters, emphasizing a significant rebound in revenue and profitability starting in Q2 2025 after reporting Q4 2024 revenue slightly below the midpoint of their guidance due to contract delays. The company anticipates Q1 2025 revenue to be around $4 million, with approximately $3.4 million from new products and $0.6 million from mature products, leading to a non-GAAP gross margin of about 50%, plus or minus 5 percentage points. Non-GAAP operating expenses are expected to be approximately $3.2 million, with a forecasted Q1 non-GAAP net loss of approximately $1.2 million to $1.4 million, or $0.07 to $0.09 per share. QuickLogic expects solid revenue growth, non-GAAP profitability, and positive cash flow for the full year 2025, with significant contributions anticipated from new eFPGA Hard IP contracts, including a $1.1 million contract with a new defense industrial base customer and a potential seven-figure contract with another new customer.Successful eFPGA Hard IP Contracts
QuickLogic finalized a $1.1 million eFPGA Hard IP contract with a new defense industrial base customer and anticipates additional contracts in the near-term, signaling expected revenue and profitability rebound starting in Q2 2025.
Strategic Radiation Hardened FPGA Contract Expansion
Awarded the fourth tranche of the Strategic Radiation Hardened FPGA government contract valued at $6.6 million, bringing the total to $34 million, with a potential total contract value of $72 million.
Intel 18A Opportunity
QuickLogic is positioned as the only company offering eFPGA Hard IP optimized for Intel 18A, projecting significant returns from investments made in 2024.
Increased Revenue from New Products
Q4 2024 new product revenue was $4.7 million, up 32% compared to Q3 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 |
|---|---|---|---|
| Feb 25, 2025 | $6.59 | $7.31 | +10.93% |
| 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% |
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 Corp. (QUIK) report earnings?
Quicklogic Corp. (QUIK) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Quicklogic Corp. (QUIK) earnings time?
Quicklogic Corp. (QUIK) earnings time is at May 20, 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 2025 (Q1) is -0.08.
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