QUIK QuickLogic Corporation featured news, full reports, and detailed charts
QuickLogic Corporation (QUIK) Wrap Up:
QuickLogic Corporation was founded in 1988 and reincorporated in Delaware in 1999. We develop and market low power flexible semiconductor platforms that enable customers to add features to their mobile, consumer and industrial products. We are a fabless semiconductor company that operates in a single industry segment where we design, market and support Customer Specific Standard Products, or CSSPs, Field Programmable Gate Arrays, or FPGAs, application solutions, associated design software and programming hardware. Our new product family includes ArcticLink™, PolarPro®, Eclipse™ II and QuickPCI® II; our mature product family includes pASIC® 3, QuickRAM®, Eclipse, software and programming hardware and royalty revenue; our end-of-life product family includes pASIC 1, pASIC 2, QuickMIPS and V3. We develop CSSPs using our ArcticLink and PolarPro solution platforms. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f11%2f0001047469-08-002505.html#FIS_BUSINESS"www.quicklogic.com
88 Employees
Founded in 1988
QuickLogic Corp. (QUIK:NASDAQ)
LAST $1.52 USD
CHANGE TODAY -0.05 -3.18%
VOLUME 301.2K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of QuickLogic Corp. (QUIK)
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OPEN
$1.58
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PREVIOUS CLOSE
$1.57
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DAY HIGH
$1.58
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DAY LOW
$1.50
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52 WEEK HIGH
10/20/09 - $3.39
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52 WEEK LOW
11/24/08 - $0.51
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MARKET CAP
46.3M
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AVERAGE VOLUME 3 mo
758.9K
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DILUTED EPS TTM
$-0.35
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SHARES OUTSTANDING
30.4M
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QUIK Does Not Pay Dividends
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P/E TTM
NM
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QUIK Top Compensated Officers
Mr. E. Thomas Hart
Chairman, Chief Executive Officer and Member ...
Age: 67
Total Annual Compensation: $341.3K
Mr. Andrew J. Pease Jr.
President
Age: 58
Total Annual Compensation: $195.0K
Mr. Ralph S. Marimon
Chief Financial Officer, Principal Accounting...
Age: 51
Total Annual Compensation: $38.5K
Ms. Terry L. Barrette
Vice President of Operations
Age: 52
Total Annual Compensation: $169.7K
Mr. Timothy Saxe
Chief Technology Officer and Senior Vice Pres...
Age: 53
Total Annual Compensation: $190.1K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for QuickLogic Corp. (QUIK)
QuickLogic Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2009; Announces Impairment and Write-Down Charges for the Third Quarter Ended September 27, 2009
10/27/2009
QuickLogic Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2009. Total revenue for the third quarter of 2009 was $3.3 million, down 47% from $6.2 million reported in the third quarter of 2008. Under generally accepted accounting principles (GAAP), the net loss for the third quarter of 2009 was $3.0 million, or $0.10 per basic and diluted share, compared with a net loss of $0.6 million, or $0.02 per basic and diluted share, in the third quarter of 2008. Non-GAAP net loss for the third quarter of 2009 was $1.9 million, or $0.06 per share, compared with a non-GAAP net loss of $0.2 million, or $0.01 per share, in the third quarter of 2008. Non-GAAP loss from operations was $1.8 million against $0.1 million last year. Loss before income taxes was $3.0 million against $0.7 million last year. Loss from operations was $3.0 million against $0.6 million last year. For the nine months, the company reported net loss of $7.8 million or $0.26 per basic and diluted share on revenue of $10.8 million against net loss of $6.7 million or $0.23 per basic and diluted share on revenue of $26 million for the same period a year ago. On a non-GAAP basis, net loss was $5.7 million or $0.19 per share, compared to net loss of $1.8 million, or $0.06 per share, for the year ago period. Non-GAAP loss from operations was $5.6 million against $1.7 million last year. Loss before income taxes was $7.8 million against $6.7 million last year. Loss from operations was $7.7 million against $6.2 million last year. For the quarter, the company reported inventory write-down and related charges of $0.2 million against $0.2 million last year. Long-lived asset impairment was $0.1 million.
QuickLogic Corp. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).
10/27/2009
QuickLogic Corp. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).
QuickLogic Announces Availability of its Arcticlink II VX2 CSSP Solution Platform
10/21/2009
QuickLogic Corp. announced engineering sample shipments of its low power ArcticLink(R) II VX2 solution platform. With embedded 2nd generation Visual Enhancement Engine (VEE(TM) v2.0), Display Power Optimizer (DPO), optional frame buffer, and low power programmable fabric, the ArcticLink II VX2 solution platform is ideal for display path CSSPs for smartphones, multimedia phones, feature phones, mobile internet devices (MIDs), netbooks, smartbooks, mobile TV devices, and portable navigation devices (PNDs). The low power ArcticLink II VX2 solution platform incorporates the following key features, The embedded VEE v2.0 provides a TV-quality visual experience. By leveraging pixel-by-pixel processing, VEE is effective in all lighting conditions, including direct sunlight. The embedded DPO intelligently drives the Pulse Width Modulator (PWM) circuitry of the backlights in TFT LCD displays reducing display power consumption by up to 80%. Up to 32 Mbits of embedded frame buffer using very low power cellularRAM(R) technology supports up to WSVGA resolution (1024x600) and 24-bit color depth, allowing the mobile processor to be kept in sleep mode while refreshing mobile displays at 60+frames per second.
QUIK Competitors
| Company | Last | Change |
| Actel Corp | $11.69 USD | -0.13 |
| Altera Corp | $20.67 USD | -0.13 |
| Lattice Semiconductor Corp | $2.22 USD | +0.07 |
| Xilinx Inc | $22.28 USD | -0.33 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | QUIK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.8x |
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| Price/Book | 2.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 1.7x |
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QUIK |
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QUIK transactions
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| No transactions in the last 6 months. | ||
More Recent News About QuickLogic Corporation
More news for QUIK
QUICKLOGIC CORPORATION Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for QUICKLOGIC CORPORATION | Request a Trial to NEW EDGAR Online Pro Form 8-K for QUICKLOGIC CORPORATION 27-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational p...Click here to read the whole Article (external link)
QuickLogic to Present at the Portable Computer and Communications Association Workshop in Portland
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
QuickLogic Corporation Q3 2009 Earnings Call Transcript
QuickLogic Corporation (QUIK) Q3 2009 Earnings Call October 27, 2009 5:30 pm ET Executives Thomas Hart – CEO Ralph Marimon – VP Finance & CFO Andy Pease - President Analysts Edwin Mok - Needham & Company Brian Coleman – Hawk Hill Asset Management Presentation Operator Good day everyone, and welcome to the QuickLogic Corporation third quarter earnings results conference call. With us today from the company, Chairman and Chief Executive Officer, Thomas Hart; Chief Financial Officer, Ralph Marimon; and the President, Andy Pease. At this time I’d like to turn the call over to Thomas Hart; please go ahead sir. Thomas Hart Good afternoon ladies and gentlemen, and thank you for joining us today for QuickLogic’s third quarter conference call. Joining me here today is our President, Andy Pease, and our CFO Ralph Marimon. Ralph will take you through our third quarter 2009 financial results and then I’ll share my perspective on our business. Finally Ralph will detail our guidance for the fourth quarter of 2009 and then we’ll take questions. Ralph Marimon Thank you Thomas, I’ll take a moment to read a Safe Harbor statement. During this call we will make statements that are forward-looking. These forward-looking statements involve risks and uncertainties including but not limited to stated expectations relating to revenue growth from our new products, statements pertaining to our design activity, and our ability to convert new design opportunities into customer a...Click here to read the whole Article (external link)
QuickLogic Corporation Announces $6.24 Million Registered Direct Offering
SUNNYVALE, Calif.--(BUSINESS WIRE)--QuickLogic Corporation (NASDAQ:QUIK - News), the lowest power programmable semiconductor solutions leader, today announced that it has entered into definitive agreements with a select group of institutional investors to sell an aggregate of 4,305,929 shares of common stock and warrants to purchase up to an aggregate of 3,229,446 shares of common stock in a registered direct offering. The common stock and warrants will be sold in units (the “Unitsâ€), with each Unit consisting of (i) one share of common stock and (ii) a warrant to purchase 0.75 of a share of common stock, at a negotiated purchase price of $1.45 per Unit. The Company expects to receive gross proceeds from the offering of approximately $6.24 million, before deducting placement agent’s fees and estimated offering expenses. The Company’s costs in connection with the offering are expected to be approximately $0.7 million. The Warrants are exercisable any time after the six month anniversary of the date of issuance until the 66 month anniversary of the date of issuance, and will be exercisable at a price of $2.15 per share. The transaction is expected to close on or about November 20, 2009, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the sale of the Units pursuant to this offering for general corporate purposes, including wi...Click here to read the whole Article (external link)
QUICKLOGIC CORPORATION Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
QUICKLOGIC CORPORATION Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following Management's Discussion and Analysis of Financial Condition and Results of Operations, as well as information contained in "Risk Factors" in Part II, Item 1A and elsewhere in this Quarterly Report on Form 10-Q, contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend that these forward-looking statements be subject to the safe harbors created by those provisions. Forward-looking statements are generally written in the future tense and/or are preceded by words such as "will," "may," "should," "forecast," "could," "expect," "suggest," "believe," "anticipate," "intend," "plan," or other similar words. Forward-looking statements include statements regarding (1) the conversion of our design opportunities into revenue, (2) our revenue levels, including the commercial success of our Customer Specific Standard Products, or CSSPs, and new products, and the effect of our end-of-life products, (3) our liquidity, (4) our gross profit and factors that affect gross profit, (5) our level of operating expenses, (6) our research and development efforts, (7) our partners and suppliers and (8) industry trends. The following discussion should be read in conjunction with the attached condensed unaudited consolidated financial statements and notes thereto, and with our audited consolidated financial statements and notes thereto for the fiscal year ended December 28, 2008, found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, on March 11, 2009. Overview QuickLogic Corporation was founded in 1988 and reincorporated in Delaware in 1999. We develop and market low power customizabl...Click here to read the whole Article (external link)
QUICKLOGIC CORPORATION Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
Item 1.01 Entry into a Material Definitive Agreement On November 17, 2009, QuickLogic Corporation (the "Company") entered into a Placement Agency Agreement (the "Placement Agency Agreement") in which Needham & Company, LLC served as the exclusive placement agent (the "Placement Agent") relating to a registered direct offering by the Company to select investors of up to an aggregate of 4,305,929 shares of common stock of the Company, par value $0.001 per share (the "Common Stock"), and warrants to purchase up to an aggregate of 3,229,446 shares of Common Stock (the "Warrants") at an exercise price of $2.15 per Warrant. The Warrants are exercisable any time after the six month anniversary of the date of issuance until the 66 month anniversary of the date of issuance. The Placement Agency Agreement contains other terms and conditions that are generally customary for transactions of this nature. The Common Stock and Warrants will be sold in units (the "Units"), with each Unit consisting of (i) one share of Common Stock and (ii) a Warrant to purchase 0.75 of a share of Common Stock. The sale of the Units is being made pursuant to the Placement Agency Agreement and the Subscription Agreements (the "Subscription Agreements"), each dated November 17, 2009, pursuant to which the investors have agreed to purchase and the Company agreed to sell an aggregate of 4,305,929 Units at a purchase price of $1.45 per Unit, for gross proceeds to the Company of approximately $6.24 million. The net offering proceeds to the Company from the sale of the Units, after deducting the placement agent's fee and other estimated offering expenses payable by the Company, are expected to be approximately $5.54 million. The closing of the offering is expected to take place on or about November 20, 2009, subject to the satisfaction of customary closing conditions. The shares of Common Stock, the Warrants and the shares of Common Stock issuable upon exe...Click here to read the whole Article (external link)
InPlay: QuickLogic announces $6.24 million registered direct offering
6:26PM Boise Inc. announced that the previously announced secondary offering of 17 mln shares of its common stock has been priced at $4.85 per share (BZ) 5.09 +0.04 : 5:01PM Oncolytics Biotech announces unit offering (ONCY) 3.43 -0.26 : Co announced that it is undertaking an overnight marketed offering of units, each comprised of one common share and a portion of a common share purchase warrant to be effected in each of the Canadian provinces of British Columbia, Alberta, Manitoba and Ontario by way of a prospectus supplement to Oncolytics' base shelf short form prospectus, and in the United States... ONCY intends to use the net proceeds from the offering to fund its previously announced Phase III combination REOLYSIN and paclitaxel/carboplatin trial for patients with platinum-failed head and neck cancers, its other clinical development and research and development activities, and for general corporate and working capital purposes. 5:00PM Coldwater Creek announced the resignation of Tim Martin, Senior Vice President and Chief Financial Officer (CWTR) 5.81 -0.27 : Co has appointed John E. Hayes, III, Senior Vice President and General Counsel of Coldwater Creek, to serve as interim Chief Financial Officer, effective November 25, 2009, until a permanent successor is named. 4:55PM Quest Diagnostics announces pricing of tender offer for any and all of certain of its outstanding notes (DGX) 59.07 -0.35 : Co announced the determination of the pricing for its previously announced cash tender offer to purchase any and all of its 5.125% Senior Notes due 2010 and any and all of its 7.50% Senior Notes due 2011. 4:44PM Hampton Roads Bankshares defers dividends on TARP preferred stock (...Click here to read the whole Article (external link)
QUICKLOGIC CORPORATION Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Financial Statements and Exh
Item 1.01 Entry into a Material Definitive Agreement As previously reported on a Form 8-K filed by QuickLogic Corporation (the "Company") on November 17, 2009, the Company entered into a Placement Agency Agreement (the "Placement Agency Agreement") in which Needham & Company, LLC served as the exclusive placement agent (the "Placement Agent") relating to a registered direct offering by the Company to select investors of up to an aggregate of 4,305,929 shares of common stock of the Company, par value $0.001 per share (the "Common Stock"), and warrants to purchase up to an aggregate of 3,229,446 shares of Common Stock (the "Warrants") at an exercise price of $2.15 per Warrant. The Common Stock and Warrants will be sold pursuant to the Subscription Agreements (the "Subscription Agreements"), each dated November 17, 2009, the form of which was attached as Exhibit 10.1 to the Current Report on Form 8-K filed on November 17, 2009. The parties have modified Section 4.6 of Annex I of the form of Subscription Agreement to remove certain restrictions on transfer and certain other related transactions. The revised form of Subscription Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K/A and replaces in its entirety the form of Subscription Agreement filed as Exhibit 10.1 to the Current Report on Form 8-K filed on November 17, 2009. The foregoing is only a brief description of the revisions to the form of Subscription Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the form of Subscription Agreement that is filed as Exhibit 10.1 to this Current Report on Form 8-K/A and incorporated by reference herein. This Current Report contains forward-looking statements that involve risk and uncertainties, such as statements related to the anticipated closing of the offering and the amount of net proceeds e...Click here to read the whole Article (external link)
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