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Sep 29, 2024
Quicklogic Q3 2024 Earnings Report
Quicklogic's third quarter results were in line with guidance, with continued execution on a government contract and delivery of eFPGA IP for TSMC's N12e 12nm process.
Key Takeaways
QuickLogic Corporation reported a total revenue of $4.3 million for the third quarter of fiscal year 2024, representing a 35.9% decrease compared to the same quarter in the previous year and a 3.5% increase compared to the previous quarter. The GAAP net loss was ($2.1 million), or ($0.14) per share, compared to a net income of $1.2 million, or $0.09 per basic share in Q3 2023.
Third quarter results aligned with recent guidance.
Continued execution on the third tranche of the Strategic Radiation Hardened FPGA Technology US Government contract.
Delivered eFPGA IP for TSMC's N12e 12nm process to a large multi-national customer in a record time of three months.
On schedule to close 2024 with eFPGA Hard IP delivered for a total of six fabrication processes.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements regarding future profitability, cash flows, business expectations, and government contract milestones and payments. Actual results may vary due to various factors including market acceptance of new products, ability to convert design opportunities into revenue, and competition, among others.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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