QuickLogic reports Q2 EPS(12c) vs. 0c last year

Reports Q2 revenue $2.92M vs. $4.54M last year. “While the timing of the award for the next phase of the large eFPGA contract negatively impacted our second quarter results, with this next, substantially larger contract phase fully executed and new bookings generated from our growing sales funnel, we reaffirm full year revenue growth will be above 30%,” said Brian Faith, CEO of QuickLogic. “In addition to accelerated revenue growth, we also are affirming our expectation that we will report second half and full year non-GAAP profitability for 2023.”