Quicklogic Corp (QUIK) Misses Q1 EPS by 1c
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QuickLogic Announces Fiscal 2016 First Quarter Results
May 4, 2016 4:00 PM EDTSUNNYVALE, CA -- (Marketwired) -- 05/04/16 -- QuickLogic Corporation (NASDAQ: QUIK), the innovator of ultra-low power programmable sensor processing solutions, today announced the financial results for its fiscal first quarter ended April 3, 2016.
Total revenue for the first quarter of 2016 was $3.0 million, representing a decrease of 19% compared to $3.6 million in the fourth quarter of 2015 and a decrease of 52% compared to $6.2 million in the first quarter of 2015. New product revenue for the first quarter of 2016 was $1.5 million, a decrease of 28% compared to $2.1 million in the fourth quarter of 2015 and a decrease of 64% compared to $4.1... More
