Overview
FPGA developer's fiscal Q4 revenue beats analyst expectations
Company expanded U.S. government contract to $89 mln ceiling
Outlook
Company did not provide specific guidance for future quarters or full year in press release
Result Drivers
GOVERNMENT CONTRACTS - Expanded U.S. Strategic Radiation Hardened FPGA program contributed to revenue growth
NEW PRODUCT DEVELOPMENT - New commercial eFPGA Hard IP design wins and entry into hardware cybersecurity market boosted performance
Company press release: ID:nPn5hwmdPa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $3.73 mln | $3.52 mln (3 Analysts) |
Q4 Adjusted EPS | Miss | -$0.17 | -$0.11 (3 Analysts) |
Q4 Net Income | -$5.97 mln | ||
Q4 Gross Margin | 18.10% | ||
Q4 Operating Expenses | $4.16 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $10.00, about 23.9% above its March 2 closing price of $8.07
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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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