Brief: QuickLogic Awarded New $3.0 Million EFPGA Contract

QuickLogic

01/06/2022 13:34

June 1 (Reuters) - QuickLogic Corp  QUIK.O :
    * QUICKLOGIC AWARDED NEW $3.0 MILLION EFPGA CONTRACT
    * QUICKLOGIC CORP- AWARD BRINGS AGGREGATE VALUE OF ALL EFPGA
ENGAGEMENTS SINCE JULY 2021 TO MORE THAN $9.0 MILLION
    * QUICKLOGIC CORP- INITIAL REVENUE FROM CONTRACT IS EXPECTED
TO BE
RECOGNIZED BEGINNING THIS QUARTER AND CONTINUE THROUGH JUNE OF
2025
    * QUICKLOGIC CORP- Q2 REVENUE GUIDANCE RANGE OF $4.5
MILLION, PLUS
OR MINUS 10%, AND OUTLOOK FOR FISCAL 2022 GROWTH, REMAIN
UNCHANGED

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