QuickLogic (QUIK) Scheduled to Post Quarterly Earnings on Wednesday

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QuickLogic (NASDAQ:QUIK) is set to issue its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). QuickLogic had a negative net margin of 101.73% and a negative return on equity of 68.38%. The company had revenue of $3.19 million for the quarter, compared to analysts’ expectations of $3.50 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ QUIK opened at $0.45 on Tuesday. QuickLogic has a 1 year low of $0.42 and a 1 year high of $1.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.64 and a quick ratio of 1.45. The company’s 50-day moving average is $0.56. The stock has a market capitalization of $58.72 million, a PE ratio of -3.03 and a beta of 0.33.

QUIK has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of QuickLogic from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Wednesday, May 15th. Roth Capital cut shares of QuickLogic from a “buy” rating to a “neutral” rating in a report on Wednesday, June 19th.

QuickLogic Company Profile

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.

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Earnings History for QuickLogic (NASDAQ:QUIK)

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