QuickLogic: Falls on wider-than-expected Q1 net loss, revenue miss

QuickLogic

19/05/2021 16:31

** Shares of semiconductor maker  QUIK.O  fall 2.6% to $5.98
    ** QUIK on Tuesday after market reported a
wider-than-expected Q1 adj. net loss per share  urn:newsml:reuters.com:*:nPn9Y0DPva  
    ** Q1 rev. of $2.2 mln also fell short of Refinitiv IBES
estimates of $2.5 mln
    ** Rev. rose 4% y-o-y in Q1, driven by robust demand for
co's sensor processing and connectivity products
    ** QUIK shares up 62% YTD, as of last close

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))