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QuickLogic Corporation (0A4Q.L)

LSE - LSE Delayed price. Currency in USD
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6.26-0.07 (-1.10%)
At close: 02:47PM BST

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  • R
    Richard
    QuickLogic's Short Interest Dropped -73%
    QUIK's Short Interest is down from 407,300 shares on September 12, 2022, to 109,500 shares today September 26, 2022. That is a -73% decline in QUIK's Short Interest in only 10 trading days. The Shorts as a group have been buying back their QUIK stock that they sold short at higher prices, and are now covering at a nice profit. They have used the stock market' substantial
  • B
    Barry G
    Nice News!
  • R
    Richard
    QuickLogic Deeply Oversold in Price
    Currently selling at 6.56, the low for the day, September 1, 2022, QUIK is very Oversold and due for a rally. Investors are overlooking QUIK's positive fundamentals and the growing momentum its new products are receiving.
  • R
    Richard
    QUIK Attractive for Purchase Now
    I listened to QUIK's Q2 2022 Earnings Report Conference Call on Tues. August 16, 2022 and read the transcript of the call afterwards. The announcement of QUIK's new $7million eFPGA contract received on August 8, 2022 was very good news to hear. The disappointment was that Brian Faith, QUIK's CEO, also announced that the contract originally intended to start almost immediately in the current 3rd Quarter, has been delayed a little. The start of the contract has been pushed forward to starting late in the 3rd Qtr and into the 4th Quarter of 2022. Investors have reacted to that short delay by selling QUIK stock and driving it down -23% from its recent high of 9.21 on July 22, 2022, to a low this morning of 7.12. In my opinion, that is an emotional overreaction to the short delay in the start date for QUIK's new $7million contract. Most QUIK investors believe as I do and did not sell their QUIK stock, as evidenced by the relatively low volume on the last 2 1/2 days since the Q2 conference call. What I was most impressed with on the call was QUIK's corporate strategy and strategic plans for its new products like its eFPGA, Australis and SensiML products, as evidenced by Brian Faith's prepared remarks and his answers to questions posed by QUIK's 4 security analysts on the call. For example, in response to a question by Rick Neaton, QUIK analyst at Rivershore Investment Research, Brian said the following: "...with any compelling product, it doesn't stay compelling unless you continue to invest in it, right?...there's a lot of things that we're looking at from a continual investment into Australis to maintain the competitive moat that I think we've created so far." I very much like that expression, "competitive moat". At a current price of 7.25, I believe QUIK is offering investors a compelling opportunity. to purchase its stock. Today is Friday, August 19, 2022.
  • J
    John
    Quik mentioned alongside some huge names for the conference this Wednesday.

    Notable conferences: The conference schedule is headlined by Rosenblatt technology summit on the age of AI Scaling. The firm is hoping to support its thesis that the setup of the current semiconductor cycle is a rare planetary alignment of market forces, which include Artificial Intelligence and AI at the Edge. Companies making an appearance include AMD (AMD), Cadence Design Systems (NASDAQ:CDNS), Micron (MU), Calix (NYSE:CALX), QuickLogic (QUIK), and Altair Engineering (ALTR).
  • J
    John
    Nervous going into this call. It’s time to deliver!!!
  • S
    Steelingmoney
    How about the buyers of that secondary shorting while they plan on buying the secondary at a lower price. Thats likely whats been going on like clockwork over the past 2 decades.
  • S
    Steelingmoney
    I recall saying a lot about a secondary offering in the wings and everyone said not a chance. Well, there you have it.
  • J
    John
    Great call. Bad couple items Q3 revenues pushed out a few weeks. Giant S-___ shelf filing for at the market funding through equity by strategic investors from time to time. Dilution.

    Unless it’s like from Silicon Labs or Microchip or Amazon it’s not a great deal. Praying they don’t dilute in the single digits again.
  • J
    John
    Is there anyway the stock is right this quarter? and we aren't just hopefully climbing and setting up for disaster once again?? It truly is about time that the optimism is met with success!! GLTA and praying.
  • w
    william
    Will the CHIPS Act getting passed help QUIK?
  • G
    Golf nut
    Placement?
  • M
    MAZ709
    I don't know how this article was buried so deep under the radar, but if ROKU does become a customer of QUIK, that is HUGE:

    Quiklogic, maker of programmable low power edge computing chips and SensiML suffered from supply chain issues at one of its soon to be customers, Roku, who was going to use QUIK’s chips for “always on” voice enabled remote controls. As a result, Roku shipped a version without the always on functionality. Despite this setback, QUIK in the past year has been qualified on Globalfoundries platform, obtained qualification for Amazon Alexa for its smart hearable reference design, and introduced several new products."

    https://breakoutinvestors.com/2021/06/the-reopening-for-new-semiconductor-technology-companies/
  • R
    Richard
    QUIK lower risk than Big Tech Stocks?

    Today, January 6, 2022, QUIK closed at 4.97. At 4.97, I believe QUIK is a lower risk stock than Big Tech stocks like Google, Facebook (now Meta?), Microsoft, Apple and Amazon. Those Big Tech stocks have performed very well, but now sell at high PE Ratios and some appear to be "priced for perfection". All those stocks have annual revenues in the billions of dollars. How likely do you believe any one of those companies will double their annual sales in the next 2 years? QUIK on the other hand has estimated annual revenue for 2021 of about $12 million. I believe it is much more likely for QUIK to double their sales in the next 2 years than it is for the Big Tech stocks to double revenue. And, I believe QUIK could do even better than a double in revenue in that time frame. On the November 2021 conference call, Brian Faith said that the $2,000,000 contract they received about 5-6 months ago for one of their new products, had sparked strong interest by other companies, and that QUIK in November had a number of potential customers discussing a contract with QUIK for $2-3 million each. While our Federal Reserve is now expected to raise interest rates in 2022 about 2-3 times to cool down inflation, which could conceivably cause a recession, QUIK's -42% drop in price from 8.00 on 11/18/21 to a recent low of 4.67 on 12/20/2021, pretty well discounts that possibility. As I recall, 2 brokerage firms that follow QUIK, Roth and one other whose name I don't currently recall, have one year price targets for QUIK of $10 and the other $12 or $12.50. If their forecast price targets are accurate, that means price appreciation for QUIK stock of anywhere from +101% to +152% from today's close of 4.97.
  • q
    qubitech
    QuickLogic's pASIC 3 FPGA can be used to mine bitcoins:
    • ASICs are the fastest mining machines
    • ASICs are the most energy efficient per unit of hashing
    • Professional and business mining operations all use ASICs

    Field-Programmable Gate Arrays (FPGA) are microprocessors that can be programmed for a specific purpose. They can be configured to perform the SHA-256 hash function for Bitcoin mining,

    In order to mine Bitcoin using QuickLogic's pASIC 3 FPGA as Bitcoin miner, connect and configure it with a controlling computer via a USB, With the use of USB hubs, you can connect a large number of QUIK ASICs to a single computer.

    There are many mining software programs available out there. One open-source program
    is cgminer. The GitHub repository can be found at: github dot com/ckolivas/cgminer
  • R
    Richard
    "Cybersecurity Needs a New Alert System"
    An editorial with the above title, in today's The Wall Street Journal, March 30, 2021, page A17, is interesting. Quotes from this editorial: "...cyberattacks are extremely costly and increasing in frequency...America needs a National Cyber Vulnerability Early-Warning Center. Just as a meteorologist is on constant hunt for storm systems, an early-warning center would scour widely used software and hardware components for vulnerabilities. It would discover new weaknesses before adversaries do, fortifying defenses and increasing the costs of mounting an attack...advanced machine-learning (ML) techniques will come in handy." This editorial brought to mind 3 recent press releases: "SensiML (QuikLogic subsidiary) and Silicon Labs Partner to Enable Rapid Development of TinyML Applications", 3/25/2021, "QuickLogic to Exhibit eFPGA IP Solutions at GOMACTech 2021", 3/26/2021, and "Silicon Labs' Secure Vault Becomes World's First IoT Security Solution to Achieve PSA Certified Level 3 Status", 3/16/2021. It appears there may be an opportunity here for QuickLogic to have a product to help in the battle against cyber security theft with potential customers being not only other companies, but also our U. S. Government. I will not elaborate further. I suggest QUIK investors read these 3 press releases and the editorial in today's WSJ , and determine for themselves if there are any "dots to be connected" here. QUIK is currently at 6.64.
  • J
    John
    Please take not of recent insider buying. Two directors bought 200,000 shares.
  • G
    Golf nut
    I believe that Quik will be profitable in 2022 based on pipeline BF has discussed on CCs and that a few of those projects come to fruition. Based on XLNX and LSCC there is a lot of room to run as sales and profitability occur. share sale Thursday takes additional capital raise off table.