NasdaqCM:QUIK

Stock Analysis Report

Executive Summary

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has QuickLogic's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QUIK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.8%

QUIK

-0.9%

US Semiconductor

0.5%

US Market


1 Year Return

-73.5%

QUIK

38.3%

US Semiconductor

16.1%

US Market

Return vs Industry: QUIK underperformed the US Semiconductor industry which returned 38.3% over the past year.

Return vs Market: QUIK underperformed the US Market which returned 16.1% over the past year.


Shareholder returns

QUIKIndustryMarket
7 Day6.8%-0.9%0.5%
30 Day-25.7%5.9%3.9%
90 Day-30.6%13.1%6.6%
1 Year-73.5%-73.5%41.1%38.3%18.7%16.1%
3 Year-72.1%-72.1%81.8%71.5%47.2%37.7%
5 Year-91.4%-91.4%129.1%107.0%61.5%43.7%

Price Volatility Vs. Market

How volatile is QuickLogic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is QuickLogic undervalued compared to its fair value and its price relative to the market?

1.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate QUIK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate QUIK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: QUIK is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: QUIK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QUIK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QUIK is good value based on its PB Ratio (1.9x) compared to the US Semiconductor industry average (2.9x).


Next Steps

Future Growth

How is QuickLogic forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

77.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QUIK is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: QUIK is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: QUIK is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: QUIK's revenue (90.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: QUIK's revenue (90.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if QUIK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has QuickLogic performed over the past 5 years?

2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QUIK has high quality earnings.

Growing Profit Margin: QUIK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QUIK is unprofitable, but has reduced losses over the past 5 years at a rate of 2.2% per year.

Accelerating Growth: Unable to compare QUIK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QUIK is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-14.2%).


Return on Equity

High ROE: QUIK has a negative Return on Equity (-95.12%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is QuickLogic's financial position?


Financial Position Analysis

Short Term Liabilities: QUIK's short term assets ($31.0M) exceeds its short term liabilities ($18.1M)

Long Term Liabilities: QUIK's short term assets ($31.0M) exceeds its long term liabilities (1.4M)


Debt to Equity History and Analysis

Debt Level: QUIK's debt to equity ratio (92.4%) is considered high.

Reducing Debt: QUIK's debt to equity ratio has increased from 2.6% to 92.4% over the past 5 years.


Balance Sheet

Inventory Level: QUIK has a low level of unsold assets or inventory.

Debt Coverage by Assets: QUIK's debt is covered by short term assets (assets are 2.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: QUIK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: QUIK has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 12.8% each year


Next Steps

Dividend

What is QuickLogic's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate QUIK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate QUIK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QUIK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QUIK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QUIK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of QuickLogic's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Brian Faith (44yo)

3.4yrs

Tenure

US$919,289

Compensation

Mr. Brian C. Faith has been the Chief Executive Officer, President and Director of QuickLogic Corporation since June 24, 2016. Mr. Faith served as Vice President of Worldwide Marketing at QuickLogic Corpor ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD919.29K) is above average for companies of similar size in the US market ($USD504.52K).

Compensation vs Earnings: Brian's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.4yrs

Average Tenure

56.5yo

Average Age

Experienced Management: QUIK's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

10.1yrs

Average Tenure

68.5yo

Average Age

Experienced Board: QUIK's board of directors are seasoned and experienced ( 10.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.5%.


Management Team

  • Tim Saxe (63yo)

    Senior VP of Worldwide Engineering & CTO

    • Tenure: 13.3yrs
    • Compensation: US$520.37k
  • Andrew Chan

    Co-Founder

    • Tenure: 0yrs
  • Brian Faith (44yo)

    President

    • Tenure: 3.4yrs
    • Compensation: US$919.29k
  • Rajiv Jain (58yo)

    Vice President of Worldwide Operations

    • Tenure: 5.6yrs
    • Compensation: US$287.05k
  • Sue Cheung (55yo)

    CFO & VP of Finance

    • Tenure: 2.8yrs
    • Compensation: US$526.45k
  • Don Alexander

    Vice President of Worldwide Sales

    • Tenure: 0.4yrs

Board Members

  • Mike Farese (72yo)

    Lead Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$51.50k
  • Christine Russell (69yo)

    Independent Director

    • Tenure: 14.4yrs
    • Compensation: US$50.50k
  • Tom Hart (77yo)

    Non-Executive Chairman

    • Tenure: 18.6yrs
    • Compensation: US$84.00k
  • Gary Tauss (64yo)

    Independent Director

    • Tenure: 17.4yrs
    • Compensation: US$48.00k
  • Andy Pease (68yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$46.00k
  • Brian Faith (44yo)

    President

    • Tenure: 3.4yrs
    • Compensation: US$919.29k
  • Arturo Krueger (79yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$55.00k
  • Dan Rabinovitsj (54yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$47.50k
  • Paul McWilliams

    Member of Advisory Board

    • Tenure: 11.6yrs
  • Steve Whalley

    Member of Advisory Board

    • Tenure: 5.4yrs

Company Information

QuickLogic Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: QuickLogic Corporation
  • Ticker: QUIK
  • Exchange: NasdaqCM
  • Founded: 1988
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$30.760m
  • Shares outstanding: 116.56m
  • Website: https://www.quicklogic.com

Number of Employees


Location

  • QuickLogic Corporation
  • 2220 Lundy Avenue
  • San Jose
  • California
  • 95131
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QUIKNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 1999
QKLDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1999

Biography

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 23:46
End of Day Share Price2019/11/20 00:00
Earnings2019/09/29
Annual Earnings2018/12/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.