QuickLogic: Fourth Quarter Financial Results Overview

QuickLogic Corp. Reports Fourth Quarter Financial Results

QuickLogic Corp., headquartered in San Jose, California, announced on Tuesday that it recorded a net loss of $6 million for the fourth quarter.

The company reported a loss of 35 cents per share for the quarter. After adjusting for discontinued operations and stock-based compensation, the loss narrowed to 17 cents per share.

During this period, QuickLogic, which produces chips for mobile and portable device manufacturers, generated $3.7 million in revenue.

For the full fiscal year, the company posted a total loss of $14.8 million, translating to a loss of 91 cents per share. Annual revenue reached $13.8 million.