Quicklogic Q2 2020 Earnings Report
Key Takeaways
QuickLogic Corporation announced its financial results for the second quarter of fiscal 2020. Total revenue was $2.2 million, a 2% increase from the previous quarter and a 5% increase compared to the second quarter of 2019. The GAAP net loss was $3.0 million, or $0.35 per share, compared to a net loss of $3.2 million, or $0.38 per share, in the first quarter of 2020.
Total revenue increased by 2% compared to the first quarter of 2020 and 5% compared to the second quarter of 2019.
New product revenue increased by 69% compared to the first quarter of 2020 and 15% compared to the second quarter of 2019, driven by higher sales of EOS S3 product.
GAAP operating expenses improved to $3.9 million from $4.2 million in the first quarter of 2020 and $5.6 million in the second quarter of 2019.
GAAP net loss was $3.0 million, or $0.35 per share, compared to a net loss of $3.2 million, or $0.38 per share, in the first quarter of 2020, and a net loss of $4.6 million, or $0.65 per share, in the second quarter of 2019.
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Quicklogic Revenue by Segment
Quicklogic Revenue by Geographic Location
Forward Guidance
The press release does not contain forward guidance. Therefore, this section is left blank.
Revenue & Expenses
Visualization of income flow from segment revenue to net income