QuickLogic Corporation (QUIK) Scheduled to Post Earnings on Wednesday
QuickLogic Corporation (NASDAQ:QUIK) is set to post its quarterly earnings results after the market closes on Wednesday, August 9th. Analysts expect QuickLogic Corporation to post earnings of ($0.05) per share for the quarter.
QuickLogic Corporation (NASDAQ:QUIK) last issued its earnings results on Wednesday, May 10th. The semiconductor company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The business had revenue of $3.20 million for the quarter, compared to the consensus estimate of $3.10 million. QuickLogic Corporation had a negative net margin of 151.36% and a negative return on equity of 95.11%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, analysts expect QuickLogic Corporation to post $-0.17 EPS for the current fiscal year and $-0.09 EPS for the next fiscal year.
Shares of QuickLogic Corporation (NASDAQ:QUIK) opened at 1.35 on Monday. The stock’s market cap is $107.41 million. The stock has a 50 day moving average of $1.40 and a 200 day moving average of $1.54. QuickLogic Corporation has a one year low of $0.75 and a one year high of $2.48.
Several equities analysts have recently commented on the stock. Roth Capital lowered shares of QuickLogic Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of QuickLogic Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th.
QuickLogic Corporation Company Profile
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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