QuickLogic Q2 Adj $(0.05) Up From $(0.12) YoY, Sales $4.13M Miss $4.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuickLogic (NASDAQ:QUIK) reported Q2 losses of $(0.05) per share, a 58.33% improvement from $(0.12) per share YoY. Sales were $4.13M, missing the $4.50M estimate but up 41.29% from $2.92M YoY.
August 14, 2024 | 12:10 pm
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QuickLogic reported Q2 losses of $(0.05) per share, a significant improvement from $(0.12) per share YoY. However, sales of $4.13M missed the $4.50M estimate, despite a 41.29% YoY increase.
The improvement in EPS is positive, but the miss on sales estimates could offset this. The market reaction may be neutral as investors weigh the improved losses against the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100