QuickLogic Corporation Q4 Loss Increases, but beats estimates

QuickLogic Corporation (QUIK) revealed Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line totaled -$1.58 million, or -$0.13 per share. This compares with -$2.94 million, or -$0.27 per share, in last year's fourth quarter.

Excluding items, QuickLogic Corporation reported adjusted earnings of -$0.51 million or -$0.04 per share for the period.

Analysts on average had expected the company to earn -$0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 48.4% to $3.71 million from $2.50 million last year.

QuickLogic Corporation earnings at a glance (GAAP) :

-Earnings (Q4): -$1.58 Mln. vs. -$2.94 Mln. last year.
-EPS (Q4): -$0.13 vs. -$0.27 last year.
-Analyst Estimates: -$0.07
-Revenue (Q4): $3.71 Mln vs. $2.50 Mln last year.

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