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QuickLogic Corporation Message Board

  • dtpolis dtpolis May 2, 2013 7:20 AM Flag

    Q2 revenue guidance $4.3 mil, up 44% - Q2 New product revenue guidance $2.3 mil, up 144% (from Q1)

    QUIK has turned a corner and their Q2 guidance is outstanding!!!
    a) Total revenue
    Q1 revenue was $3 mil and they guided for Q2 revenue of $4.3. This is 44% increase.
    The $3 mil Q1 revenue was on the low end, but even if you use the Q1 3.3 midpoint the Q2 revenue guidance is 31% higher.
    b) Revenue for new products
    Q1 revenue 941K, guided for Q2 new product revenue of $2.3 mil. This is 144% higher!!!
    If you use $1.3 mil as the Q1 expectation, the Q2 guidance is 77% higher!!!

    Although Q1 was not spectacular, their guidance shows the rest of the year will be very good.
    Especially when you look at the new product revenue.

    Sentiment: Strong Buy

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