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.
QUICK just announced expansion in Seoul S. Korea.
Also don't forget their Q1 announcemnet about a Tier 1 customer....
SUNNYVALE, CA--(Marketwired - Jul 2, 2013) - QuickLogic Corporation (NASDAQ: QUIK), the innovator of ultra-low-power programmable Customer Specific Standard Products (CSSPs), today announced the opening of a new office in Seoul, South Korea to support the increasing demand for its custom and catalog CSSPs in Asia. With the new South Korean office, QuickLogic's Field Sales, Customer Solution Architects and FAEs will be able to work more closely with customers throughout the engagement and development process, enabling them to integrate CSSP solutions into their mobile products such as tablets and smartphones.
Yeah , and could they give you 3q guidance? They are unpredictable and if you think about it, this is the bubble of. revenue they referred to in the past. They had it happen before . One device gets shipped and then no more because they just don't sell.
You lied and misled the board in your previous posting about next quarter revenue. Your tactics and repeated efforts to bash the stock demonstrates beyond any doubt that your are unreliable and untrustworthy. Stick to the facts please. I recommend you cover your position if you are short, or sell and find another stock... If you are not short, why you are still here if you feel so negative ?