NASDAQ$QUIK

Quicklogic Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported highest revenue since Q1 2019 with increased revenue from sensor processing and connectivity products.

QuickLogic reported Q2 2021 revenue of $2.9 million, a 29% increase compared to Q1 2021 and a 31% increase compared to Q2 2020. The increase was primarily due to higher revenue from sensor processing and connectivity products.

  • Q2 fiscal 2021 revenue of $2.9 million represents the highest since Q1 of fiscal 2019
  • Delivered new eFPGA IP license during the quarter
  • Partnered with Microchip Technology, enabling SensiML tools to read sensor data from MPLAB X IDE and generate machine learning models
  • Announced Global Distribution Agreement with Digi-Key Electronics to offer the Basic Edition of SensiML’s Analytics Toolkit worldwide

Headline financials

Total Revenue

$2.88M

Previous: $2.2M+31.2%
EPS (adj)

-$0.16

Previous: -$0.26+38.5%
GAAP Gross Margin

50.9%

Previous: 45.7%+11.4%
Non-GAAP Gross Margin

51.5%

Previous: 47.1%+9.3%
Capital Expenditures

-$174K

Previous: -$40K-335.0%
Free Cash Flow

-$2.24M

Previous: -$3.02M+25.9%
Net Income

-$2.06M

Previous: -$2.98M+30.8%
Operating Income

-$1.98M

Previous: -$2.9M+31.6%
Gross Profit

$1.47M

Previous: $1M+46.0%
Total Assets

$28.7M

Previous: $36.6M-21.6%

Revenue & EPS history

Quicklogic · Revenue · Quarterly

$2.88M

Q2 2021+31.2%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Quicklogic · $2.9M total across 2 segments · Q2 2021

  • Mature Products
    $1.6M+15.7%
  • New Products
    $1.3M+60.0%

Forward guidance

No forward guidance was provided in the press release.

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 2021

Historical avgQ2 2021

-2.1%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-2.4%

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%
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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