QuickLogic Q2 revenue down 35.7% YoY to $2.9M; reaffirms full-year profitability expectation

QUICKLOGIC Corp

2024-Q2 EPS reported -$0.26 revenue$7,054,000

Revenue $2.9M, down 29.3% QoQ and 35.7% YoY; new product revenue $2.2M, down 28.7% YoY.
GAAP net loss $2.3M ($0.17/share) vs loss $0.5M ($0.04/share) in Q2 2022.
Non-GAAP net loss $1.7M ($0.12/share) vs loss $47K ($0.00/share) in Q2 2022.
GAAP gross margin dropped to 41.2% from 57.8% in Q1 2023 due to contract delays.
Management affirms FY2023 revenue growth >30% and H2 non-GAAP profitability; sales funnel record $140M.

item 2.02 item 7.01 item 9.01

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 fiscal second quarter ended July 2, 2023 results: revenue $2.9 million.

Period: fiscal second quarter ended July 2, 2023
Revenue: $2.9 million
Result: reported results

Exact text from the filing

Total revenue for the second quarter of fiscal 2023 was $2.9 million

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Source: SEC EDGAR

accession 0001437749-23-023692

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