Quicklogic Corp reports results for the quarter ended June 30 - Earnings Summary

• Quicklogic Corp QUIK.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share.

• Revenue fell 10.7% to $3.69 million from a year ago; analysts expected $4.00 million.

• Quicklogic Corp's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $2.67 million.

• Quicklogic Corp shares had fallen by 6.3% this quarter and lost 48.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 231.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 also "buy"

• Wall Street's median 12-month price target for Quicklogic Corp is $9.10, about 36.6% above its last closing price of $5.77

This summary was machine generated from LSEG data August 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)