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Article: QuickLogic Announces Fiscal 2009 Third Quarter Results.(Financial report)
- Article from:
- Electronics Newsweekly
- Article date:
- November 11, 2009
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QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, announced the financial results for its fiscal third quarter ended September 27, 2009.
Total revenue for the third quarter of 2009 was $3.3 million, up 14% from the second quarter of 2009 and down 47% from the third quarter of 2008. The sequential increase of revenue was primarily due to an increase in new product revenue and strong bookings towards the end of the second quarter. During the third quarter, new product revenue increased 67% to $1.4 million from $0.8 million in the second quarter of 2009. This sequential increase in new product revenue was mainly due ...