QuickLogic Corporation (NASDAQ:QUIK) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, QUIK is expected to report 3Q20 loss of $ 0.19 per share from revenue of $ 2.00 million.
For the full year, analysts anticipate top line of $ 9.77 million, while looking forward to loss of $ 0.91 per share bottom line.
Previous Quarter Performance
QuickLogic Corporation came out with loss for the second quarter of $ 0.26 per share, from the revenue of $ 2.20 million. The consensus estimates are loss of $ 0.24 per share from $ 2.37 million in revenue. The bottom line results missed street analysts by $ 0.02 or 8.33 percent, at the same time, top line results fell short of analysts by $ 0.17 million or 7.17 percent.
Stock Performance
Shares of QuickLogic Corporation traded up $ 0.01 or 0.35 percent on Tuesday, reaching $ 2.85 with volume of 30.90 thousand shares. QuickLogic Corporation has traded high as $ 2.92 and has cracked $ 2.77 on the downward trend
According to the previous trading day, closing price of $ 2.85, representing a 33.96 % increase from the 52 week low of $ 2.12 and a 67.8 % decrease over the 52 week high of $ 8.82.
The company has a market capital of $ 31.51 million and is part of the Technology sector and Semiconductors industry.
Conference Call
QuickLogic Corporation will be hosting a conference call at 5:30 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.quicklogic.com
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions. The companys products include pASIC 3, QuickRAM, and QuickPCI.
