Recently, Zacks.com users have been paying close attention to QuickLogic (QUIK). This makes it worthwhile to examine what the stock has in store.
QuickLogic Corporation's revenue decline in Q3 was bad from an optical perspective, but management had already flagged this in advance; what was not expected was yet another quarter of tepid guidance. QUIK points to a change in scope of the contract that has caused a delay in closure, but even the forward-looking two-year sales pipeline has come off quite significantly. Gross margin expectations to continue to be dialed down, while sustained cash generation appears to be an issue, with the long-standing net cash position now turning to net debt.
QuickLogic (QUIK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
QuickLogic Corporation (NASDAQ:QUIK ) Q3 2024 Earnings Conference Call November 11, 2024 5:30 PM ET Company Participants Alison Ziegler - Investor Relations, Darrow Associates Brian Faith - President & Chief Executive Officer Elias Nader - Senior Vice President & Chief Financial Officer Conference Call Participants Martin Yang - Oppenheimer & Company Richard Shannon - Craig-Hallum Rick Neaton - Rivershore Investment Research Operator Ladies and gentlemen, good afternoon. And at this time, I would like to welcome everyone to QuickLogic Corporation's Third Quarter Fiscal 2024 Earnings Results Conference Call.
QuickLogic (QUIK) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.13 per share a year ago.
The latest trading day saw QuickLogic (QUIK) settling at $8.07, representing a -1.1% change from its previous close.
The latest trading day saw QuickLogic (QUIK) settling at $7.53, representing a +1.48% change from its previous close.
QuickLogic (QUIK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw QuickLogic (QUIK) settling at $8.57, representing a +1.9% change from its previous close.
QuickLogic (QUIK) concluded the recent trading session at $8.33, signifying a +0.85% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to QuickLogic (QUIK). This makes it worthwhile to examine what the stock has in store.
QuickLogic (QUIK) concluded the recent trading session at $8.26, signifying a +0.85% move from its prior day's close.