QuickLogic set for best day in 5 months on $1 mln device order

QuickLogic

18/01/2022 18:37

** Semiconductor maker's  QUIK.O  shares rise as much as 11%
to touch a more than 1-month high of $5.73, set for best day in
five months    
    ** QUIK says it received ~$1 mln purchase order in December
for its ArcticLink III BX display interface bridging device
    ** Co expects to be at or above operating cash break even in
Q4 2021 
    ** Adds other Q4 results expected to be within ranges
previously estimated
    ** "Demand for ArcticLink is strong and we have ample supply
to support current and expected future orders" - CEO Brian Faith
    ** QUIK shares, last up about 9%, gained ~35% in 2021

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))