SUNNYVALE, Calif. (AP) _ QuickLogic Corp. (QUIK) on Wednesday reported a loss of $3.5 million in its first quarter.
The Sunnyvale, California-based company said it had a loss of 4 cents per share. Losses, adjusted for stock option expense, came to 3 cents per share.
The maker of chips for mobile and portable electronics manufacturers posted revenue of $3.2 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit 80 cents. A year ago, they were trading at $1.50.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QUIK at https://www.zacks.com/ap/QUIK