QuickLogic Corporation Q2 Loss Decreases, But Misses Estimates

(RTTNews) - QuickLogic Corporation (QUIK) revealed Loss for second quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line totaled -$1.55 million, or -$0.11 per share. This compares with -$2.27 million, or -$0.17 per share, in last year's second quarter.

Excluding items, QuickLogic Corporation reported adjusted earnings of -$0.75 million or -$0.05 per share for the period.

Analysts on average had expected the company to earn $0.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 41.4% to $4.13 million from $2.92 million last year.

QuickLogic Corporation earnings at a glance (GAAP) :

-Earnings (Q2): -$1.55 Mln. vs. -$2.27 Mln. last year. -EPS (Q2): -$0.11 vs. -$0.17 last year. -Revenue (Q2): $4.13 Mln vs. $2.92 Mln last year.