This happens all the time, huge volume on one day and the next is an announcement with a #$%$ warm welcome. Probably Mcwilliams telling his bloggers and investment sights of an announcement so he can trade the swings. Watch for the cheerleaders to emerge and then a possible SA article by the guy in a white suit and a ferrari in the background like if its his. That is the joker who bought into this crock HA HAA. This is the story of the company in a nutshell.
You like bed time stories. This story has been going on for many many years before you were probably born. Chapter after chapter, 1st edition, 2nd edition, 3rd, 4th, 5th. All of them never hitting the radar of any best sellers list. Here is your substance...Go back to all the conference calls over the past 7 years and see the boat load of design engagements they had. All of them never amounting to anything material. Many of them just going away without a peep (haa haa-happy easter). Remember the big headline "QUICKLOGIC Bags NOKIA", That is a huge joke on you if you were here. CSSPs, VEE and PSBs collecting dust, PSBs that anyone can package, PICOs, cameras, dongle sticks, M2M are all BILLION dollar industries but they get nothing. When they did hit that magical 10MM mark on revenue because of 1 or 2 customers that they said was break even, they still lost money even over 11MM. Remember all the times they made the announcements "production shipments are available" "production quantitates now available" , they never produced anything material. Its all a car salesman's pitch. That revenue quickly subsided and now 2015 is another flat and declining year. The 40 so called design "engagements" is another game on words, who knows what they really mean when they say that. The longer you use a term like that, the more it morphs over time.
CHEERLEADERS and PIPE DREAMERS and PUMPERS like you (i.e., JFIEB, JCOLTER), have come and gone over the years because this company is sure to dissappoint.
You've wasted a lot of words to tell your story. Execution risk priced in? There is no execution seen for the next 12 months. For them to survive another 12 months, they would not only be saving cash to survive, but at the same time falling way behind in whatever they are trying to do. Just like the last 8 years.
Who ever is long here probably picked it up on a scan of revenues and a market cap that looked out of balance. The thought is if they can just show a hint of a turnaround and you have an easy double. The thing is, its been this way for 15 years. Don't think you are going to pick this thing up now and the business is going to pick up or turn around next quarter or next year. The company is beyond fixing.
Yes I am here to save you. No need to thank me.
How about unpredictable and not profitable. 1.2 BILLION in losses in the company history, Inventory write downs, negative cash flow, and revenues depend on a list of customers to count on 1 hand.
I agree somewhat. Even with new leadership, the powers that be will not let them succeed. Their technology is also nothing innovative, so they would need a miracle man to help them or the shareholders. This company needs to be brought to the keep for scrap value, and that is much less than what it is now. I see a strong sell here.
Tablets declining over time? Why, that is ridiculous. Maybe in CRT terminals and walkie talkies, but why tablets? Pretty soon they will say their sensor hub sales will decline over time once they get one customer. I think its because once they get a flavor of QUIKs bugs, hiccups and delays, they want to throw em to the curb. Haa haa.
During 2014, we generated total revenue of $27.8 million which represents a 7% increase over 2013. Our new product revenue was $19.3 million which represents a 6% increase over 2013 while our mature product revenue was $8.5 million which represents a 9% increase over 2013. We shipped our new products into four of our targeted mobile market segments: Smartphones, Wearables, Mobile Enterprise, and Tablets. We anticipate that our revenue from Tablets and mature products will decline over time. Overall, we reported a net loss of $13.1 million for 2014 compared to a net loss of $12.3 million for 2013.
LOL. good one on the stale soda. Also fizzling out like a cheap 4th of July sparkler from China. Snap, crackle, pop, then only smoke remains.
Its not Pease, its the company. Its a retirement home with people managing their retirement plans. Its not their fault, that is just the way it is and has always been. There is no way out of it.
You make me laugh. This thing could go bankrupt tomorrow and you would still say I am wrong. That is how much intelligence you have.
This message was deleted so I thought it deserves another try.
Oh, the forces are at work here. woo hoooooo.
This is the most thoughtful and realistic post I have seen here in a very long time. Good one Grace. My 2 cents is that this company has re-started or changed course too many times which shows their strategies and technology are not what they appear to be from an investor or target market view. They are very unreliable and nobody can argue against that. It is really hard to say they have any advantage point since they are greatly overshadowed with the barriers to enter this market. With the 2-3 quarters out that you are saying, technology will also certainly change, other algorithms will be created, other much larger competitors will continue to remain good enough to use, and QUIK will ask for more money in the secondary markets to continue with their less than par performance.
I've said back on Jan 8th of this year that the next canary in the coal mine will be their attempt to license any of their technology. Their first was the CSSP catalogue strategy, now the sensors will be licensed? Forget about it happening.
I don't know how many more years this company has, but it will not be long until the secondary market strangles them. Reverse split also in the cards the next few quarters in order to do the secondary.