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QuickLogic Corporation Q1 adjusted earnings Miss Estimates

Below are the earnings highlights for QuickLogic Corporation (QUIK):

-Earnings: -$1.69 million in Q1 vs. -$3.17 million in the same period last year.
-EPS: -$0.15 in Q1 vs. -$0.38 in the same period last year.
-Excluding items, QuickLogic Corporation reported adjusted earnings of -$1.32 million or -$0.12 per share for the period.
-Analysts projected -$0.07 per share
-Revenue: $2.24 million in Q1 vs. $2.16 million in the same period last year.

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