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Apr 04, 2021
Quicklogic Q1 2021 Earnings Report
Quicklogic reported an increase in total revenue and a decrease in net loss compared to the same quarter last year.
Key Takeaways
QuickLogic Corporation reported its Q1 2021 financial results, with total revenue of $2.2 million, a 4% increase compared to Q1 2020. The company's GAAP net loss was $1.7 million, or $0.15 per share, an improvement from the $3.2 million loss in Q1 2020. New product revenue increased significantly, driven by sensor processing and connectivity products.
Total revenue for Q1 2021 was $2.2 million, up 4% year-over-year.
New product revenue increased by 121% compared to Q1 2020, reaching $1.1 million.
GAAP net loss improved to $1.7 million, or $0.15 per share, from $3.2 million in Q1 2020.
The company launched the SensiML open source initiative to promote commercial AI adoption in IoT applications.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the earnings report.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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