Overview

* QuickLogic ( QUIK ) fiscal Q3 revenue slightly missed analyst expectations, declining 51.8% yr/yr

* Adjusted EPS for fiscal Q3 beats consensus despite revenue decline

* Company highlights new eFPGA contract and defense market expansion

Outlook

* Company anticipates fourth-quarter revenue growth from USG Strategic Radiation Hardened FPGA Program

* QuickLogic ( QUIK ) expects orders for SRH FPGA Dev Kit and new eFPGA Hard IP contracts

Result Drivers

* NEW CONTRACT - QuickLogic ( QUIK ) won a $1 mln eFPGA Hard IP contract for a high-performance data-center ASIC, expanding commercial market success

* DEFENSE EXPANSION - Co expanded involvement with Defense Industrial Base entity specializing in cybersecurity for weapons systems

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $2.03 $2.05

Revenue Miss* mln mln (2

Analysts

)

Q3 Beat -$0.19 -$0.21

Adjusted (2

loss per Analysts

share )

Q3 Net -$4.007

loss mln

Q3 $3.46

Operatin mln

g

Expenses

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Quicklogic Corp ( QUIK ) is $7.98, about 9.3% above its November 10 closing price of $7.23

* The stock recently traded at 2,884 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)