NASDAQ$QUIK

Quicklogic Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Quicklogic reported second quarter fiscal 2020 results, with revenue increasing slightly and net loss decreasing compared to the previous quarter and prior year.

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.

Headline financials

Total Revenue

$2.2M

Previous: $2.09M+5.2%
EPS (adj)

-$0.26

Previous: -$0.56+53.6%
GAAP Gross Margin

45.7%

Previous: 49.0%-6.7%
Non-GAAP Gross Margin

47.1%

Previous: 49.8%-5.4%
Capital Expenditures

-$40K

Previous: -$523K+92.4%
Free Cash Flow

-$3.02M

Previous: -$5.16M+41.5%
Net Income

-$2.98M

Previous: -$4.63M+35.7%
Operating Income

-$2.9M

Previous: -$4.53M+36.1%
Gross Profit

$1M

Previous: $1.02M-1.8%
Cash & Equivalents

$26.4M

Previous: $28.1M-5.9%
Total Assets

$36.6M

Previous: $40.1M-8.7%

Revenue & EPS history

Quicklogic · Revenue · Quarterly

$2.2M

Q2 2020+5.2%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Quicklogic · $2.2M total across 2 segments · Q2 2020

  • Mature Products
    $1.38M+0.4%
  • New Products
    $813K+13.4%

Forward guidance

The press release does not contain forward guidance. Therefore, this section is left blank.

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 Q2 2020

Historical avgQ2 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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