QuickLogic Q2 EPS $(0.12), Sales $2.92M Down From $4.54M YoY
Portfolio Pulse from Benzinga Newsdesk
QuickLogic (NASDAQ:QUIK) reported Q2 losses of $(0.12) per share, with sales of $2.92 million, a decrease of 35.67% compared to the same period last year.
August 14, 2023 | 9:10 pm
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QuickLogic reported a decrease in sales and a loss per share in Q2, which could negatively impact its stock price.
QuickLogic's reported losses and decreased sales for Q2 are likely to negatively impact investor sentiment and could lead to a decrease in the stock price. The magnitude of the decrease in sales (35.67% YoY) is significant and could be a cause for concern among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100