Quicklogic Corp reports results for the quarter ended in June - Earnings Summary

QuickLogic

14/08/2023 23:28

* Quicklogic Corp  QUIK.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 2
cents per share.
    * Revenue fell 35.7% to $2.92 million from a year ago;
analysts
expected $5.00 million. 
    * Quicklogic Corp's reported EPS for the quarter was a loss
of 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 300%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Quicklogic Corp shares had fallen by 19.5% this
quarter and
gained 44.0% so far this year.
    * The company reported a quarterly loss of $2.27 million.
    * Wall Street's median 12-month price target for Quicklogic
Corp
is $15.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 10:28 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.02          -0.12          Missed
 Mar. 31 2023      -0.06          -0.04          Beat
 Dec. 31 2022      -0.05          -0.04          Beat
 Sep. 30 2022      -0.11          -0.07          Beat