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QuickLogic Corporation (0A4Q.L)
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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.
Yesterday’s press release was positive in many ways that I, as a long term QUIK holder have longed to hear!
1) Q4 - flat net cash! This is very big as hopefully moving forward, we start to be cash flow break even or better - hence no further dilution which has plagued QUIK for years
2) Bridging wasn’t a factor in Q3 forecast for positive second half of 2022 - possible acceleration of positive growth and earnings
3) Continued acceptance from the market of QUIK solutions builds additional credibility with investment community
4) re-rating of QUIK by analyst due to surprise growth
This is what comes to my mind initially. Please add your thoughts and as a LTH, added a little yesterday as this is what I have been waiting for!
Observation on Large Display Bridge Purchase Order
Today, January 18, 2022, QUIK announced they have "Received-$1 million non-cancellable and non-refundable purchase order in December to supply ArticLink III BX display interface bridging device to a global provider of imaging products." ..."non-cancellalble and non-refundable", suggests to me that QUIK has a product here that will be in strong demand, and that the customer can either commit to a non-cancellable and non-refundable purchase order as this customer did, or QUIK will move on to the next customer in line who will agree to these terms. No dithering customers now, (as QUIK has had in the past), who end up canceling or delaying a buy decision several months in the future. QUIK's product will help alleviate a problem created by the COVID-19 pandemic and its related supply bottlenecks, for which there should be a large demand. This product and the $1 million purchase order adds to QUIK's credibility with customers and investors, and gives them confidence in QUIK's future. QUIK closed today at 5.45.
Patrick All Star
Per today's PR...normally I don't pay a lot of attention to new board member appointments, but it portends an acceleration of marketing activity:
"Kim currently serves as the Chief Marketing Officer at Genesys where she is responsible for the company's global marketing and communications strategy. Prior to joining Genesys, Kim served as the Chief Marketing and Digital Officer at Arm, Chief Marketing Officer at Wrike, Product Marketing Leader for Skype, and Skype for Business at Microsoft, and Head of Product Communications & Partner Relations at Google.
"I was very impressed with Joyce's strong background in marketing and strategy for technology areas key to our growth – namely semiconductor IP and AI/ML SaaS products," said Brian Faith, QuickLogic's president and CEO, "We will benefit from her strong track record and extensive experience working with tech giants such as Arm, Microsoft and Google, and we look forward to collaborating with her to guide QuickLogic's growth and success."
Gross margins of 73%!!! I have been following them for over a decade and I can’t remember a time when they haven’t included next Quarter outlook in release. I think this can be the best CC in a decade for this stock.
Zacks Recommends QuickLogic with #2 BUY Recommendation
"Worried Over Big Tech Regulation? Bet on These 3 Smaller Stocks", is an investment report by Shilpa Mete at Zacks. He recommends QuickLogic (QUIK) with a #2 BUY recommendation. The report is dated today, December 22, 2021. QUIK closed today at 5.20.
Guess the Oppenheimer presentation at 1:15eastern time had no announcements or influence on the stock!?
Slab, mchp, on, All QUIK partners have gone nuts over the past year. I just hope they give some crumbs to quicklogic
They all have 20-45B market caps. Could buy QUIK for the change on the nightstand.
Roth increased price target to 12 from 8. And Oppenheimer increased from 8.50 to 9.50. Good traction. Think we will see $12 by end of Q1 2022 prior to earnings announcement. That’s almost a double from here. Stay strong. Any big news and this runs to $15.
QUIK + AABB Up 128 % month + ALPP Dip.
Hello any news? Deals? Revenue growth?
Is it time to load up on Quik
or wait a bit?
QUIK SHOULD HIT $10.00 BY NEW YEARS DAY AND SHOULD BE A HOT ACQUISITION CANDIDATE GOING FORWARD AS IT HAS SUCH A TINY FLOAT AND TINY MARKET CAP.
QUIK IS A GIFT FROM THE G-DS AND FROM BF TOO.
I have been holding QUIK shares for FIVE YEARS AND AS MANY DIFFERENT MARKET TARGETS... L.O.L.
LUCKY ME... 3:41 PM 11-17-21
Nice new partnership w On Semiconductor just announced. Product is available. ON is a 25b company. They are all partnering w Quicklogic. Any traction and one will buy them.
What's the bear case on this stock that keeps the price battered down so much? Shorts are firmly resolved this is a loser. Yet, research indicates this company has a great future and is doing well.
Has Quik finally turned the corner?
Can we get any good news out of any of these partnerships?
Amzn, google, mchp, slab, ON. If any of these could just throw some crumbs to Quicklogic it’s a new game! What is taking so long?
QUIK's Short Interest is 344,800 shares
Today, November 3, 2021, QuickLogic's short interest (QUIK shares sold short) is 344,800 shares. So far, today's price range is 5.93 to 6.05 and today's total volume is only 3,352. At today's low, so far, of 5.93, only 107 shares traded. It would seem to me that QUIK's stock price is vulnerable to a Short Squeeze. Recent news on QUIK's new products has been positive. Daily trading volume in QUIK's stock has recently been quite low. It would seem to me that it would be quite difficult for the shorts to cover their short position (buy back the shares they sold short in order to cover their short position) at current prices around 6.00, without driving the stock price up. QUIK's current price is 6.05.
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."
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
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