Quicklogic Corp (QUIK) Reports In-Line Q3 EPS

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QuickLogic Announces Fiscal 2016 Third Quarter Results

November 2, 2016 4:00 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 11/02/16 -- QuickLogic Corporation (NASDAQ: QUIK), the innovator of ultra-low power programmable sensor processing solutions, today announced the financial results for its fiscal third quarter ended October 2, 2016.

Total revenue for the third quarter of 2016 was $2.81 million, representing an increase of 3% compared to $2.72 million in the second quarter of 2016 and a decrease of 33% compared to $4.19 million in the third quarter of 2015. New product revenue for the third quarter of 2016 was $1.34 million, an increase of 12% compared to $1.20 million in the second quarter of 2016 and a decrease of 53% compared to $2.85... More