Key Developments: QuickLogic Corp (QUIK.OQ)
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Latest Key Developments (Source: Significant Developments)
QuickLogic Corp Secures Contract From Kyocera Corporation, Inc
QuickLogic Corp announced that its smart connectivity CSSP Solution has been selected by Kyocera Corporation, Inc. for the company's HoneyBee 5 series of Personal HandyPhone (PHS) phones. The QuickLogic solution was chosen for its ability to support inter-processor communication between the application and PHS baseband processor, as well as the integration of additional discrete logic, resulting in a smaller overall footprint and lower power consumption. Full Article
QuickLogic Corp Lowers Q4 2012 Revenue Guidance
QuickLogic Corp announced that for the fourth quarter of 2012, it expects revenue of approximately $3.1 million compared to previously announced guidance of approximately $3.7 million, plus or minus 10%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $3.7 million for the fourth quarter of 2012. Full Article
QuickLogic Corp Issues Q3 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
QuickLogic Corp announced that for the third quarter of 2012, it is forecasting total revenue to be approximately $4 million, plus or minus 10%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $4.2 million for the third quarter of 2012. Full Article
QuickLogic Corp Prices Public Offering Of Common Stock
QuickLogic Corp announced the pricing of its underwritten public offering of an aggregate of 4,500,000 newly issued shares of common stock, $0.001 par value, together with warrants to purchase up to 2,025,000 shares of common stock. The common stock and warrants will be sold in units, with each consisting of one share of common stock and a warrant to purchase 0.45 of a share of common stock, at a price of $2.50 per Unit. The Company expects to receive gross proceeds of $11.25 million, before deducting underwriting discounts and other estimated offering expenses. The net proceeds to the Company from this offering are expected to be approximately $10.49 million after deduction of underwriting discounts and assuming no exercise of the underwriter's over-allotment option. The underwriter has also been granted a 30-day option to purchase up to 675,000 shares of common stock and warrants to purchase 303,750 additional shares of common stock to cover over-allotments. The offering is expected to close on June 6, 2012. The Company intends to use the net proceeds from this offering for working capital and other general corporate purposes. The Company may also use a portion of the net proceeds for licensing or acquiring intellectual property or technologies to incorporate in our products, capital expenditures, to fund possible investments in and acquisitions of complementary businesses, partnerships, minority investments or to repay debts. Full Article
QuickLogic Corp Issues Q2 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
QuickLogic Corp announced that for the second quarter of 2012, it expects revenue to be approximately $4 million, plus or minus 10%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $4.49 million for second quarter of 2012. Full Article
CertiVox And QuickLogic Corp Partner To Revolutionize Information Security In The Mobile Market
CertiVox, an information security company, and QuickLogic Corp announced plans to jointly develop user-friendly data solutions across platforms to solve the many online security challenges facing businesses and individuals today. The first jointly developed product will extend the capability of secured cloud storage to a USB thumb drive, which features QuickLogic's CSSP platform and CertiVox's on-demand encryption key management. Combined, these technologies create an on-the-go solution for businesses, individuals and consumers that will deliver the benefit of CertiVox's soon-to-market SkyPin two-factor authentication technology, a portable browser hardened against man-in-the-middle and man-in-the-browser attacks, and on-the-fly encryption. Each USB thumb drive will be enabled for secured backup to CertiVox's PrivateSky secured cloud storage. Enterprises will have the ability to manage these USB drives using a secured cloud based management service for audit and control. Full Article
QuickLogic Corp Issues Q1 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
QuickLogic Corp announced that for the first quarter of 2012, it expects revenue to be approximately $4.2 million, plus or minus 10%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $4.54 million for first quarter of 2012. Full Article
QuickLogic Corporation Lowers Q4 2011 Revenue Guidance
QuickLogic Corporation announced that for the fourth quarter of 2011, it expects to report revenue of approximately $4.3 million. According to I/B/E/S Estimates analysts were expecting the Company to report revenue of $5.04 million for the fourth quarter of 2011. Full Article
QuickLogic Corporation Issues Q4 2011 Revenue Guidance Below Analysts' Estimates-Conference Call
QuickLogic Corporation announced that for the fourth quarter of 2011, it expects revenue to be approximately $5 million, plus or minus 10%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $6.02 for fourth quarter of 2011. Full Article
QuickLogic Corporation Receives Production Order From Pantech For Tablet Phone
QuickLogic Corporation announced the receipt of the first volume production order for VEE and DPO technologies for the new Pantech Tablet Phone dual-core Snapdragon smartphone which has been released this month in South Korea. VEE allows Tablet Phone users viewing experience with the WVGA resolution, five inch LCD display in all viewing conditions. DPO technology enables Pantech to provide Tablet Phone users a product with a extended single-charge battery life. Full Article
BRIEF-QuickLogic shares down 6.3 pct after the bell following prelim results
NEW YORK, Jan 9 - QuickLogic Corp : * Shares down 6.3 percent after the bell following the release of preliminary revenue numbers.
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