secwatch / observer
8-K filed May 16, 2023, 7:59 PM ET ticker QUIK CIK 0000882508
earnings confidence high sentiment neutral materiality 0.55

QuickLogic Q1 revenue $4.1M, net loss $1.2M; guides >30% FY2023 growth

QUICKLOGIC Corp

2023-Q1 EPS reported -$0.09 revenue$4,133,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QUICKLOGIC Corp reported the fiscal first quarter ended April 2, 2023 results: revenue $4.1 million, net income net loss was $1.2 million, EPS $0.09 per share. Guidance initiated.

Period
the fiscal first quarter ended April 2, 2023
Revenue
$4.1 million
Net income
net loss was $1.2 million
EPS
$0.09 per share
Guidance
initiated
Result
reported results
Exact text from the filing
Total revenue for the first quarter of fiscal 2023 was $4.1 million, an increase of 1.2% compared with the fourth quarter of 2022 , and an increase of 0.9% compared with the first quarter of 2022. New product revenue was approximately $3.1 million in the first quarter of 2023, an increase of $0.2 million , or 7.5% , compared with the fourth quarter of 2022, and a decrease o f $0.4 million , or 11.4% , com pared with the first quarter of 2022. Increased eFPGA revenue year over year was offset by decreased display, smart connectivity, and sensor product revenues. Mature product revenue was $1.1 million in the first quarter of 2023, a decrease of $0.2 million or, 13.2%, compared with the fourth quarter of 2022. Mature product revenue in the first quarter of 2023, increased 66.9% compared to the first quarter of 2022 . First quarter 2023 GAAP gross margin was 57.8% compared with 51.9% in the fourth quarter of 2022, and 60.1% in the first quarter of 2022. First quarter 2023 non-GAAP gross m
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Source: SEC EDGAR
accession 0001437749-23-014806
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