Revenue Update on QuickLogic Corporation(NASDAQ:QUIK)

QuickLogic Corporation(NASDAQ:QUIK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $2.72M. Analysts estimated a revenue of $3.00M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.08.

QuickLogic Corporation (QUIK) made into the market gainers list on Fridays trading session with the shares advancing 2.22% or 0.02 points. Due to strong positive momentum, the stock ended at $0.92, which is also near the day’s high of $0.92. The stock began the session at $0.9003 and the volume stood at 45,869 shares. The 52-week high of the shares is $2.03 and the 52 week low is $0.87. The company has a current market capitalization of $62 M and it has 6,77,83,682 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Brian C Faith (VP WW Marketing) purchased 10,000 shares at $1.00 per share price.Also, On Mar 22, 2016, Andrew J Pease (CEO) purchased 75,000 shares at $1.00 per share price.

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company is a fabless semiconductor company that designs markets and supports primarily customer specific standard products (CSSPs) and field programmable gate arrays (FPGAs) sensor software algorithms software drivers associated design software and programming hardware. The Company’s CSSPs are customized semiconductor solutions created from the solution platforms including the ArcticLink III ArcticLink II ArcticLink PolarPro 3 PolarPro II PolarPro and Eclipse II products; the mature products primarily include the pASIC 3 QuickRAM and QuickPCI products as well as royalty revenue programming hardware and design software. The Company’s product technology consists of primarily five elements: programmable logic; ArcticLink solution platform; proven system blocks (PSBs); sensor software algorithms and a customer engagement model.

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