Overview
QuickLogic fiscal Q3 revenue slightly missed analyst expectations, declining 51.8% yr/yr
Adjusted EPS for fiscal Q3 beats consensus despite revenue decline
Company highlights new eFPGA contract and defense market expansion
Outlook
Company anticipates fourth-quarter revenue growth from USG Strategic Radiation Hardened FPGA Program
QuickLogic expects orders for SRH FPGA Dev Kit and new eFPGA Hard IP contracts
Result Drivers
NEW CONTRACT - QuickLogic won a $1 mln eFPGA Hard IP contract for a high-performance data-center ASIC, expanding commercial market success
DEFENSE EXPANSION - Co expanded involvement with Defense Industrial Base entity specializing in cybersecurity for weapons systems
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $2.03 mln | $2.05 mln (2 Analysts) |
Q3 Adjusted loss per share | Beat | -$0.19 | -$0.21 (2 Analysts) |
Q3 Net loss | -$4.007 mln | ||
Q3 Operating Expenses | $3.46 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Quicklogic Corp is $7.98, about 9.3% above its November 10 closing price of $7.23
The stock recently traded at 2,884 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nPn92HjgMa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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