NASDAQ$QUIK
Quicklogic Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Quicklogic's Q1 2024 financial results were reported, showing revenue growth and progress towards 2024 targets.
QuickLogic reported a 45.3% increase in revenue compared to Q1 2023, driven by a nearly 60% increase in new product sales. The company achieved GAAP net income of $0.1 million, or $0.01 per share, and is on track for 30% revenue growth and positive cash flow in 2024.
- Achieved greater than 40% year-over-year revenue growth in Q1 2024.
- New product sales increased by nearly 60% compared to the first quarter of 2023.
- Signed two new IP contracts targeting 12nm fabrication nodes.
- Sales funnel grew to a record $179 million.
Headline financials
Revenue & EPS history
Quicklogic · Revenue · Quarterly
$6.01M
Revenue by segment
Quicklogic · $6.7M total across 2 segments · Q3 2023
- New Products$6.1M+165.2%91.0%
- Mature Products$600K-53.8%9.0%
Forward guidance
QuickLogic is well-positioned to achieve its 30%+ revenue growth target for 2024 and anticipates the award of the third tranche of the Strategic Radiation Hardened FPGA Technology government contract later this quarter.
Tailwinds
- On track for revenue growth of 30% and positive cash flow in 2024.
- Signed two new IP contracts targeting 12nm fabrication nodes.
- Completed work funded by the second tranche of government contract.
- Expects award of third tranche of government contract later this quarter.
- Expanding SensiML's business model to include open-source licensing.
Headwinds
- Delays in the market acceptance of the Company’s new products.
- The ability to convert design opportunities into customer revenue.
- Our ability to replace revenue from end-of-life products.
- Changes in product demand or supply.
- General economic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-2.1%
Avg return
Earnings day
-3.4%
Avg return
5 days after
-1.9%
Avg return
30 days after
34%
21 / 61 earnings
Positive
+36.9%
Q2 2015
Best reaction
-25.0%
Q4 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +14.5% | -3.1% | +14.6% | |
| Q4 2025 | +13.7% | +10.0% | +27.7% | |
| Q3 2025 | -13.0% | -17.0% | -12.4% | |
| Q1 2025 | -12.8% | -14.0% | -13.3% | |
| Q4 2024 | +10.9% | -14.1% | -18.8% | |
| Q3 2024 | -7.9% | -12.2% | -4.6% | |
| Q2 2024 | -7.0% | -0.8% | -14.9% | |
| Q1 2024 | -3.0% | -4.3% | -5.5% | |
| Q4 2023 | +21.2% | +25.1% | +24.0% | |
| Q3 2023 | +5.3% | +13.4% | +32.1% | |
| Q2 2023 | +15.8% | +4.7% | +14.3% | |
| Q1 2023 | +7.6% | +8.0% | +39.3% | |
| Q4 2022 | +2.2% | +3.1% | +3.9% | |
| Q3 2022 | -7.1% | -8.6% | -27.0% | |
| Q2 2022 | -4.0% | -10.3% | -15.7% | |
| Q1 2022 | -4.2% | -2.7% | +23.2% | |
| Q4 2021 | -2.4% | -6.2% | -7.5% | |
| Q3 2021 | -6.9% | -18.9% | -32.3% | |
| Q2 2021 | +13.4% | +9.0% | +25.6% | |
| Q1 2021 | -7.7% | +1.2% | +10.3% | |
| Q3 2020 | -4.2% | -3.9% | +13.3% | |
| Q2 2020 | -12.5% | -8.7% | -24.8% | |
| Q1 2020 | -4.0% | +3.1% | +17.3% | |
| Q4 2019 | -12.5% | -10.7% | -53.6% | |
| Q3 2019 | -18.9% | -21.6% | -8.1% | |
| Q2 2019 | -15.6% | -26.7% | -20.0% | |
| Q1 2019 | -1.2% | -1.2% | -12.2% | |
| Q4 2018 | -13.5% | -14.4% | -26.9% | |
| Q3 2018 | -3.8% | +0.0% | -9.6% | |
| Q2 2018 | +2.7% | +0.0% | -6.3% | |
| Q1 2018 | +2.7% | +16.7% | -22.7% | |
| Q4 2017 | -6.6% | -6.1% | -16.2% | |
| Q3 2017 | +12.7% | +3.2% | -3.2% | |
| Q2 2017 | -5.8% | -6.5% | +18.7% | |
| Q1 2017 | -5.0% | -12.5% | -23.1% | |
| Q4 2016 | -3.1% | +2.5% | +43.6% | |
| Q3 2016 | -4.9% | +1.2% | +9.8% | |
| Q2 2016 | -5.1% | -4.0% | -12.1% | |
| Q1 2016 | -15.2% | — | — | |
| Q4 2015 | +14.9% | — | — | |
| Q3 2015 | -5.3% | — | — | |
| Q2 2015 | +36.9% | — | — | |
| Q1 2015 | -13.7% | — | — | |
| Q4 2014 | -25.0% | — | — | |
| Q3 2014 | -4.1% | — | — | |
| Q2 2014 | -15.4% | — | — | |
| Q1 2014 | -21.0% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | +3.9% | — | — | |
| Q1 2013 | -3.9% | — | — | |
| Q4 2012 | +8.0% | — | — | |
| Q3 2012 | -10.9% | — | — | |
| Q2 2012 | -9.6% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q1 2012 | +6.2% | — | — | |
| Q3 2011 | -6.1% | — | — | |
| Q4 2011 | +4.0% | — | — | |
| Q2 2011 | +4.0% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2010 | -5.5% | — | — |
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