earnings
confidence high
sentiment positive
materiality 0.60
QuickLogic Q3 revenue $3.9M highest since 2015; gross margin record 70.8%
QUICKLOGIC Corp
- Revenue $3.9M, up 34% QoQ and 117% YoY; new product rev $2.8M, up 332% YoY.
- GAAP gross margin 70.8% (record); non-GAAP gross margin 72.8%.
- GAAP net loss improved to $1.3M ($0.11/share) vs $2.1M loss ($0.18) prior quarter.
- Won $2M eFPGA contract (largest to date); raised $1.08M via direct placement.
- Non-GAAP net loss $0.4M ($0.03/share) vs $1.9M loss ($0.16) in Q2 2021.