QUIK Earnings Prediction
The chart below shows how QUIK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, QUIK sees a +3.53% change in stock price 10 days leading up to the earnings, and a +0.10% change 10 days following the report. On the earnings day itself, the stock moves by +1.51%. This data can give you a slight idea of what to expect for the next quarter's release.
QUIK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.27M
-35.89%
3.54%
Gross Margin
55.82%
-27.45%
9.43%
Operating Margin
-43.55%
-326.82%
18.47%
Net Margin
-49.01%
-374.11%
30.48%
EPS
-0.14
-275.00%
27.27%
No Data Available
QUIK Earnings Analysis
QuickLogic Corp Corporation (QUIK.O) Earnings Conference Call
Positive
Third Quarter Revenue Performance: Total third quarter revenue was $4.3 million and slightly above the midpoint of our revenue guidance.
Revenue Fluctuations Analysis: Total revenue was down 36% from Q3 2023 and up 4% compared to Q2 2024.
Mature Product Revenue Trends: Mature product revenue was $0.7 million, up from $0.6 million in Q3 last year and down from $1.1 million in Q2 2024.
Strong Non-GAAP Gross Margin: Non-GAAP gross margin in Q3 was 60% and at the top end of our outlook range.
Gross Margin Comparison: This compared with non-GAAP gross margin of 78% in Q3 last year and 53.1% in Q2.
Negative
Third Quarter Revenue Performance: Total third quarter revenue was $4.3 million and slightly above the midpoint of our revenue guidance.
Revenue Fluctuations Analysis: Total revenue was down 36% from Q3 2023 and up 4% compared to Q2 2024.
New Product Revenue Trends: New product revenue in Q3 was $3.5 million, down 42% from Q3 last year and up 16% compared to Q2.
Mature Product Revenue Trends: Mature product revenue was $0.7 million, up from $0.6 million in Q3 last year and down from $1.1 million in Q2 2024.
Net Loss Comparison: Non-GAAP net loss was $0.9 million, or $0.06 per share, compared to non-GAAP net income of $1.8 million, or $0.13 per share, in last year's third quarter.
QUIK FAQs
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QUIK Earning Call Sentiment
QuickLogic Corporation (QUIK) Q3 2024 Earnings Call Transcript
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QUIK.O
5.48%Positive
The earnings call summary indicates positive financial performance with a 15% revenue increase and improved margins. The share buyback program adds value for shareholders. However, uncertainties in revenue timing and management's vague responses during the Q&A pose risks. Strategic initiatives like expanding ecosystem partnerships and government contracts are promising. The overall sentiment is positive, but cautious due to potential risks and unclear guidance.
