QuickLogic stock crashes 6% on Q2 earnings miss, delayed contract
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QuickLogic (QUIK) stock price fell ~6% to ~$13.37 after its second-quarter results missed Wall Street expectations, extending its weekly decline to more than 8%.
Non-GAAP EPS came in at -$0.06, missing estimates by $0.02, while revenue rose 48.7% YoY to $5.5M but fell $0.5M short of expectations.