- In addition to missing Q2 revenue estimates (while beating on EPS), QuickLogic (NASDAQ:QUIK) guided on its earnings call (transcript) for Q3 revenue of $5M (+/- 10%) and EPS of -$0.07, below a 2-analyst consensus of $7.9M and -$0.05. But with shares down 63% YTD going into earnings, expectations were low.
- On the bright side, CEO Andrew Pease stated QuickLogic's ArcticLink 3 S2 sensor hub will see "production shipments for a unique [wearable] design" in Q3, and that the product has a "growing number" of other engagements. He also disclosed two display bridge IC wins for Lenovo products, while cautioning they aren't expected to "drive significant near-term volume."
- Meanwhile, this morning, QuickLogic unveiled EOS, a chip declared to be "the world's most advanced sensor processing SoC." The company promises 80% more processing power than standard ARM microcontroller-based sensor hubs, and the ability to support always-on voice applications (e.g. OK Google) while consuming less than 350 microAmps of power.
- EOS leverages QuickLogic's SenseMe algorithm library. InvenSense is also working on sensor-processing SoCs that use proprietary algorithms; its products feature integrated gyroscopes/accelerometers.
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Q2 results, PR