QuickLogic reports Q2 adjusted EPS (9c) vs. (5c) last year

Reports Q2 revenue $3.69M vs. $4.1M last year. “With our growing success in customer designs targeting advanced fabrication nodes, which include 12nm at GlobalFoundries and TSMC, and Intel 18A, we are seeing increasing interest in high density designs,” said Brian Faith, CEO of QuickLogic (QUIK). “In response, we’ve accelerated the introduction schedule of Australis 2.0, our proprietary IP Generation tool. Australis 2.0 is scheduled for deployment in Q4 and will incorporate many new features driven by customer requirements and existing revenue-generating contracts.”