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Components | February 09, 2012

QuickLogic revenue takes a hit

QuickLogic announced 4Q (ended January 1, 2012) total revenue was USD 4.3 million, down 19% sequentially and down 38% from 4Q/2010.
During the fourth quarter, new product revenue of USD 1.7 million was up 39% sequentially and down 25% from the fourth quarter of 2010.

Under generally accepted accounting principles (GAAP), the net loss for the fourth quarter of 2011 was USD 3.1 million, compared with a net loss of USD 1.5 million in the third quarter of 2011, and a net loss of USD 69,000 in the fourth quarter of 2010.

Non-GAAP net loss for the fourth quarter of 2011 was USD 2.7 million, compared with a non-GAAP net loss of USD 1.0 million in the third quarter of 2011, and a non-GAAP net income of USD 496,000 in the fourth quarter of 2010.

Total Revenue for 2011 was down 20% to USD 21.0 million, compared with revenue of USD 26.2 million in 2010. GAAP net loss for 2011 was USD 7.6 million, compared with a net income of USD 123,000 in 2010. Non-GAAP net loss for 2011 was USD 5.8 million, compared with a non-GAAP net income of USD 1.3 million in 2010.

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