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QuickLogic (NASDAQ:QUIK) Stock, Option Chain

QuickLogic

QuickLogic Corp provides programmable silicon and software platforms to enable its customers to develop custom hardware products in a fast time-to-market and cost-effective way. QuickLogic is a fabless semiconductor company with a product range: embedded FPGA (eFPGA) intellectual property (IP), low power, multi-core semiconductor system-on-chips (SoCs), discrete FPGAs, and AI software. The full range of platforms, software tools, and eFPGA IP enables the practical and efficient adoption of AI, voice, and sensor processing across Aerospace, and Defense, Consumer/Industrial IoT, and Consumer Electronics markets.

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QuickLogic (NASDAQ: QUIK) has recently been on Zacks.com&#39;s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock&#39;s performance in the near future.

QuickLogic Corporation is Attracting Investor Attention: Here is What You Should Know

QuickLogic (NASDAQ: QUIK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock&#39;s performance in the near term.

Is Most-Watched Stock QuickLogic Corporation Worth Betting on Now?

QuickLogic Corp

Craig-Hallum analyst Richard Shannon maintains QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) with a Buy and lowers the price target from $12 to $10.

Price Target

Craig-Hallum Maintains Buy on QuickLogic, Lowers Price Target to $10

QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.05) by 20 percent. This is a 146.15 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $4.273 million which beat the analyst consensus estimate of $4.200 million by 1.74 percent. This is a 35.89 percent decrease over sales of $6.665 million the same period last year.

Earnings Beats

Earnings Misses

QuickLogic Q3 2024 Adj. EPS $(0.06) Misses $(0.05) Estimate, Sales $4.273M Beat $4.200M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is projected to report quarterly earnings at $2.41 per share on revenue of $174.31 million. 
• Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $246.09 million. 
• Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $4.46 billion. 
• ICL Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $2.03 billion. 
• Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $110.77 million. 
• Strawberry Fields REIT (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STRW#AMEX">STRW</a>) is estimated to report earnings for its third quarter. 
• Sapiens Intl Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPNS#NASDAQ">SPNS</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $140.07 million. 
• Nuwellis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) is projected to report quarterly loss at $1.28 per share on revenue of $2.36 million. 
• GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Grab Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) is expected to report quarterly loss at $0.01 per share on revenue of $691.80 million. 
• Ispire Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $52.81 million. 
• Talos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $500.03 million. 
• Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) is estimated to report earnings for its third quarter. 
• Mineralys Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLYS#NASDAQ">MLYS</a>) is expected to report earnings for its third quarter. 
• Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) is likely to report quarterly earnings at $1.71 per share on revenue of $8.09 billion. 
• Gatos Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>) is projected to report earnings for its third quarter. 
• Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) is likely to report earnings for its third quarter. 
• Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $283.55 million. 
• Ampco-Pittsburgh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AP#NYSE">AP</a>) is likely to report earnings for its third quarter. 
• FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $30.69 million. 
• Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $120.80 million. 
• RMR Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMR#NASDAQ">RMR</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $220.35 million. 
• Assertio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASRT#NASDAQ">ASRT</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $28.87 million. 
• Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is projected to report quarterly loss at $0.28 per share on revenue of $1.04 million. 
• Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $57.50 million. 
• Aterian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATER#NASDAQ">ATER</a>) is expected to report quarterly loss at $0.55 per share on revenue of $26.01 million. 
• QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) is likely to report quarterly loss at $0.05 per share on revenue of $4.20 million. 
• VAALCO Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $145.89 million. 
• Assured Guaranty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>) is projected to report quarterly earnings at $1.36 per share on revenue of $201.37 million. 
• Stereotaxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) is likely to report quarterly loss at $0.05 per share on revenue of $7.10 million. 
• NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $3.00 million. 
• Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) is expected to report quarterly loss at $0.17 per share on revenue of $18.68 million. 
• James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $146.56 million. 
• Crescent Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCAP#NASDAQ">CCAP</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $48.69 million. 
• IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) is estimated to report quarterly loss at $0.28 per share on revenue of $923.69 million. 
• Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $298.54 million. 
• Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) is expected to report quarterly loss at $0.15 per share on revenue of $11.50 million. 
• Nevro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRO#NYSE">NVRO</a>) is likely to report quarterly loss at $0.81 per share on revenue of $93.07 million. 
• Zeta Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $248.65 million. 
• DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $85.43 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For November 11, 2024

QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) is set to give its latest quarterly earnings report on Monday, 2024-11-11. Here's what investors need to know before the announcement.
Analysts estimate that QuickLogic will report an earnings per share (EPS) of $-0.05. 
Anticipation surrounds QuickLogic's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.05, leading to a 12.74% drop in the share price on the subsequent day.

<img src="https://www.benzinga.com/files/images/story/2024/1731081915_0.png" alt="eps graph" />
<h3>Market Performance of QuickLogic's Stock</h3>
Shares of QuickLogic were trading at $8.07 as of November 07. Over the last 52-week period, shares are down 18.13%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Insights Shared by Analysts on QuickLogic</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on QuickLogic.
With 2 analyst ratings, QuickLogic has a consensus rating of Buy. The average one-year price target is $12.5, indicating a potential 54.89% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Kopin and Everspin Technologies, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Kopin received a Buy consensus from analysts, with an average 1-year price target of $3.0, implying a potential 62.83% downside.</li>
<li>Everspin Technologies is maintaining an Buy status according to analysts, with an average 1-year price target of $8.0, indicating a potential 0.87% downside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
The peer analysis summary provides a snapshot of key metrics for Kopin and Everspin Technologies, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>QuickLogic</td>
<td>Buy</td>
<td>41.29%</td>
<td>$2.10M</td>
<td>-7.04%</td>
</tr>
<tr>
<td>Kopin</td>
<td>Buy</td>
<td>17.94%</td>
<td>$3.65M</td>
<td>-250.74%</td>
</tr>
<tr>
<td>Everspin Technologies</td>
<td>Buy</td>
<td>-26.56%</td>
<td>$5.95M</td>
<td>3.96%</td>
</tr>
</tbody>
</table>

Key Takeaway:
QuickLogic ranks highest in Revenue Growth among its peers. It has the lowest Gross Profit margin. QuickLogic's Return on Equity is negative, indicating lower profitability compared to its peers.
<h3>Discovering QuickLogic: A Closer Look</h3>
QuickLogic Corp provides programmable silicon and software platforms to enable its customers to develop custom hardware products in a fast time-to-market and cost-effective way. QuickLogic is a fabless semiconductor company with a product range: embedded FPGA (eFPGA) intellectual property (IP), low power, multi-core semiconductor system-on-chips (SoCs), discrete FPGAs, and AI software. The full range of platforms, software tools, and eFPGA IP enables the practical and efficient adoption of AI, voice, and sensor processing across Aerospace, and Defense, Consumer/Industrial IoT, and Consumer Electronics markets.
<h3>A Deep Dive into QuickLogic's Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, QuickLogic showcased positive performance, achieving a revenue growth rate of 41.29% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: QuickLogic's net margin is impressive, surpassing industry averages. With a net margin of -37.56%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): QuickLogic's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -7.04% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): QuickLogic's ROA excels beyond industry benchmarks, reaching -3.12%. This signifies efficient management of assets and strong financial health.
Debt Management: QuickLogic's debt-to-equity ratio is below the industry average at 1.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/QUIK/earnings">To track all earnings releases for QuickLogic visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of QuickLogic's Earnings Potential

QuickLogic's SensiML Partners With Efabless To Empower IoT Innovators With Cost-Effective, Open-Source Edge AI Solutions

Craig-Hallum analyst Richard Shannon maintains QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) with a Buy and lowers the price target from $16 to $12.

Craig-Hallum Maintains Buy on QuickLogic, Lowers Price Target to $12

Oppenheimer analyst Martin Yang maintains QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) with a Outperform and lowers the price target from $16 to $13.

Oppenheimer Maintains Outperform on QuickLogic, Lowers Price Target to $13

WIIM

QuickLogic shares are trading lower after the company reported worse-than-expected Q2 sales results.

QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) reported quarterly losses of $(0.05) per share. This is a 58.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $4.13 million which missed the analyst consensus estimate of $4.50 million by 8.29 percent. This is a 41.29 percent increase over sales of $2.92 million the same period last year.

QuickLogic Q2 Adj $(0.05) Up From $(0.12) YoY, Sales $4.13M Miss $4.50M Estimate

Shares of Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) rose sharply in today's pre-market trading as the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40353930/nvidia-backed-serve-robotics-pops-on-q2-earnings-everything-you-need-to-know">second-quarter sales results.</a>
Serve Robotics reported quarterly losses of 27 cents per share which missed the analyst consensus estimate for a loss of 25 cents per share. The company reported quarterly sales of $468.375 thousand which beat the analyst consensus estimate of $400.000 thousand.
Serve Robotics shares jumped 14% to $11.82 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) rose 80.7% to $1.52 in today's pre-market trading after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) gained 40.7% to $0.1934 in pre-market trading after falling 19% on Tuesday.</li>
<li>Nuburu, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) gained 19.5% to $1.90 in pre-market trading after dipping more than 12% on Tuesday.</li>
<li>Vertex Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTNR#NASDAQ">VTNR</a>) jumped 16% to $0.52 in pre-market trading after jumping over 10% on Tuesday. Vertex Energy, last week, reported mixed second-quarter financial results.</li>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) gained 15.5% to $1.04 in pre-market trading. Revelation Biosciences, last week, posted a second-quarter GAAP loss of $5.13 per share.</li>
<li>Nkarta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTX#NASDAQ">NKTX</a>) gained 15.4% to $5.74 in pre-market trading as the company posted a narrower-than-expected quarterly loss.</li>
<li>Laser Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) gained 12.5% to $3.78 after tumbling over 22% on Tuesday.</li>
<li>Snail, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAL#NASDAQ">SNAL</a>) shares rose 8.7% to $0.8899 in pre-market trading after the company reported second-quarter results.</li>
<li>Qifu Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) gained 6.7% to $22.52 in pre-market trading after the company reported second-quarter results and said Hongyi Zhou has resigned as Director and Chairman of Board for personal reasons.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>TC Biopharm (Holdings) Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBP#NASDAQ">TCBP</a>) shares declined 38.2% to $2.28 in pre-market trading after the company announced the pricing of a 2 million unit offering at $1 per unit.</li>
<li>Bionomics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNOX#NASDAQ">BNOX</a>) declined 27.3% to $0.44 in pre-market trading.</li>
<li>Iveda Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) shares declined 23.2% to $0.2840 in pre-market trading after declining 8% on Tuesday.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares dipped 20.5% to $0.2050 in pre-market trading after jumping 18% on Tuesday.</li>
<li>Alternus Clean Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALCE#NASDAQ">ALCE</a>) fell 17.1% to $0.19 in today's pre-market trading.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares fell 16.9% to $9.04 in pre-market trading after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter revenue guidance.</li>
<li>QuickLogic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) shares fell 16.2% to $7.89 in pre-market trading after reporting second-quarter results.</li>
<li>WISeKey International Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) fell 15.5% to $2.60 in pre-market trading after jumping 23% on Tuesday.</li>
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares fell 15.5% to $0.4055 in pre-market trading after declining around 5% on Tuesday.</li>
<li>SeaStar Medical Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICU#NASDAQ">ICU</a>) fell 13.5% to $5.23 pre-market trading after reporting second-quarter results.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40357992/brinker-international-cisco-and-3-stocks-to-watch-heading-into-wednesday">Brinker International, Cisco And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

QuickLogic shares are trading lower. The company reported Q2 financial results.

QuickLogic Announced A New Strategic Partnership With CTG, A Division Of Blue Raven Solutions

QuickLogic Announced A Distribution Agreement With Astute Electronics To Enhance Global Reach

QuickLogic (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/quik#NASDAQ">QUIK</a>) has recently been on Zacks.com&#39;s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock&#39;s performance in the near future.
Shares of this maker of chips for mobile and portable electronics manufacturers have returned +7.8% over the past month versus the Zacks S&amp;P 500 composite&#39;s -1.2% change. The Zacks Electronics - Semiconductors industry, to which QuickLogic belongs, has lost 7.8% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
QuickLogic is expected to post earnings of $0.01 per share for the current quarter, representing a year-over-year change of +108.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $0.50 points to a change of +194.1% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $0.61 indicates a change of +22% from what QuickLogic is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for QuickLogic.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
<img alt="12-month consensus EPS estimate for QUIK _12MonthEPSChartUrl" class="chart" src="https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/QUIK.png" style="height:auto; width:100%" title="" />
Revenue Growth Forecast
Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.
For QuickLogic, the consensus sales estimate for the current quarter of $4.5 million indicates a year-over-year change of +54.1%. For the current and next fiscal years, $27.5 million and $34.6 million estimates indicate +29.7% and +25.8% changes, respectively.
Last Reported Results and Surprise History
QuickLogic reported revenues of $6.01 million in the last reported quarter, representing a year-over-year change of +45.5%. EPS of $0.11 for the same period compares with -$0.04 a year ago.
Compared to the Zacks Consensus Estimate of $6.2 million, the reported revenues represent a surprise of -3.11%. The EPS surprise was +83.33%.
Over the last four quarters, QuickLogic surpassed consensus EPS estimates two times. The company topped consensus revenue estimates two times over this period.
Valuation
Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
QuickLogic is graded D on this front, indicating that it is trading at a premium to its peers.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about QuickLogic. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2309808/quicklogic-corporation-quik-is-attracting-investor-attention-here-is-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2309808">To read this article on Zacks.com click here.</a>

This innovative new capability allows embedded device developers to utilize text-to-speech (TTS) and AI voice generation to rapidly create hyper-realistic synthetic speech datasets that are essential for building robust keyword recognition, voice command, and speaker identification models. Using these rapidly generated speech datasets, developers can now easily create speech recognition AI models using SensiML&#39;s AutoML development tools. These models are specifically optimized to run autonomously and efficiently on low-power microcontrollers utilized in edge IoT applications.

General

SensiML, A Subsidiary Of QuickLogic Released A New Generative AI Feature To Enhance Data Studio, Its Dataset Management Application For IoT Edge Devices

&quot;We are excited to partner with Spur India, a company with a strong reputation and over 25 years of experience in high-reliability components and systems,&quot; said Owen&nbsp;Bateman, VP of worldwide sales at QuickLogic. &quot;Their expertise and dedication to customer satisfaction align perfectly with our mission, and we are confident this partnership will significantly benefit our customers in&nbsp;India.&quot;

QuickLogic Expands Reach In India Through Strategic Partnership With Spur Microwave Inc.

<ul>
<li>This award is the third tranche of the Strategic Radiation Hardened Contract that was initiated in August of 2022
<ul>
<li>QuickLogic will continue as the Prime Contractor collaborating with subcontractors including Honeywell Aerospace and Everspin Technologies</li>
</ul>
</li>
</ul>

Contracts

QuickLogic Awarded $5.26M Contract

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QuickLogic Q3 2024 Earnings Preview

Here are the major earnings after the close today

Reports Q3 revenue $4.3M vs. $6.67M last year. "We are on schedule to close 2024 with eFPGA Hard IP delivered for a total of six fabrication proces...

QuickLogic reports Q3 non-GAAP EPS (6c) vs. 8c last year

QuickLogic Non-GAAP EPS of -$0.06 misses by $0.01, revenue of $4.27M beats by $0.07M

QuickLogic Corporation (QUIK) Q3 2024 Earnings Call Transcript

QuickLogic ( ($QUIK) ) has released its Q3 earnings. Here is a breakdown of the information QuickLogic presented to its investors. QuickLogic Corpo...

QuickLogic's Q3 2024 Financial Results and Strategic Progress

In a report released today, Martin Yang from Oppenheimer maintained a Buy rating on QuickLogic (QUIK – Research Report), with a price target of $13...

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QuickLogic price target lowered to $10 from $12 at Craig-Hallum

QuickLogic ( ($QUIK) ) has issued an announcement. QuickLogic Corporation announced its fiscal third-quarter 2024 financial results, revealing a 35...

QuickLogic Reports Revenue Decline and Net Loss in Q3

QuikLogic: Waving The White Flag Due To A Trust Deficit (Rating Downgrade)

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Press Releases

QuickLogic Announces Partnership with CTG to Strengthen Aerospace & Defense Supply Chain

QuickLogic Reports 41% Year-over-Year Revenue Growth for Second Quarter Fiscal 2024

QuickLogic to Exhibit at GlobalFoundries Technology Summit in Munich

QuickLogic Delivers eFPGA IP Targeting TSMC N12e™ Process in Record Time

Efabless Unveils New Custom Chip Platform Designed for Edge ML Products

SensiML and Efabless Partner to Drive Open-Source Edge AI Innovation

SensiML Expands Platform Support to Include the RISC-V Architecture

QuickLogic to Report Third Quarter Fiscal 2024 Financial Results on Monday, November 11

QuickLogic Reports Financial Results for its Fiscal Third Quarter 2024

QuickLogic to Showcase Advanced eFPGA Hard IP Solutions at Space Tech Expo Europe 2024

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