NASDAQ$QUIK

Quicklogic Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported record fourth quarter net income and full year 2023 non-gaap profitability.

QuickLogic reported record GAAP net income of $2.0 million and record non-GAAP net income of $2.6 million for fiscal Q4 2023. The company's revenue increased by 31% for fiscal year 2023 over fiscal year 2022.

  • Record GAAP net income of $2.0 million and record non-GAAP net income of $2.6 million for fiscal Q4 2023
  • Revenue growth of 31% for fiscal 2023 over fiscal 2022
  • Total revenue has grown 146% since launching our IP business model in 2020
  • Non-GAAP operating leverage increased by 251% due to the increase in gross profit and decrease in operating expenses

Headline financials

Total Revenue

$7.48M

Previous: $4.08M+83.1%
EPS (adj)

$0.18

Previous: -$0.04+550.0%
GAAP Gross Margin

77.1%

No prior period
Non-GAAP Gross Margin

78.3%

No prior period
Capital Expenditures

$3.45M

Previous: $7K+49214.3%
Net Income

$2M

Previous: -$1.58M+226.3%
Operating Income

$2M

Previous: -$1.59M+226.2%
Gross Profit

$5.77M

Previous: $2.08M+177.6%
R&D Expense

$1.38M

No prior period
Stock-Based Comp

$605K

Previous: $1.07M-43.5%

Revenue & EPS history

Quicklogic · Revenue · Quarterly

$7.48M

Q4 2023+83.1%vs Q4 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Quicklogic · $6.7M total across 2 segments · Q3 2023

  • New Products
    $6.1M+165.2%
  • Mature Products
    $600K-53.8%

Forward guidance

The company expects its growth trend and profitability to continue in 2024 and beyond due to the expansion of its customer base and end markets.

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 Q4 2023

Historical avgQ4 2023

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro