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QuickLogic Q4 revenue beats analyst expectations

Overview

FPGA developer's fiscal Q4 revenue beats analyst expectations

Company expanded U.S. government contract to $89 mln ceiling

Outlook

Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

GOVERNMENT CONTRACTS - Expanded U.S. Strategic Radiation Hardened FPGA program contributed to revenue growth

NEW PRODUCT DEVELOPMENT - New commercial eFPGA Hard IP design wins and entry into hardware cybersecurity market boosted performance

Company press release: ID:nPn5hwmdPa

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$3.73 mln$3.52 mln (3 Analysts)
Q4 Adjusted EPSMiss-$0.17-$0.11 (3 Analysts)
Q4 Net Income-$5.97 mln
Q4 Gross Margin18.10%
Q4 Operating Expenses$4.16 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the semiconductors peer group is "buy" Wall Street's median 12-month price target for Quicklogic Corp is $10.00, about 23.9% above its March 2 closing price of $8.07 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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