QuickLogic Q4 revenue beats analyst expectations

Reuters03-04
QuickLogic Q4 revenue beats analyst expectations

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.)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment