QuickLogic reports Q1 adjusted EPS (7c), consensus (8c)

Reports Q1 revenue $4.3M, consensus $4.03M. “Following significant investments during the last year, we developed and in April, delivered design-specific eFPGA Hard IP for a customer’s Test Chip, on Intel 18A,” said Brian Faith, CEO of QuickLogic (QUIK). “We believe that being the first, and currently, only company to offer eFPGA Hard IP for Intel 18A puts us in a very strong position to capitalize on the increasing interest from United States Military, Aerospace, and Government and commercial companies initiating new designs on Intel 18A technology. With this, the new Faraday Technologies FlashKit Development Platform in the market, and several contracts charted for Storefront, we believe our business model is building momentum.”