Shares of QuickLogic, Corp. (NASDAQ:QUIK) Advance As Company Ships 40 Millionth Display Bridge Solution

Developer of ultra-low power programmable sensor processing, QuickLogic, Corp. (NASDAQ:QUIK), announces that it has shipped more than 40 million units of its display bridging solutions.

SUNNYVALE, CA–(Marketwired – Oct 20, 2016) – QuickLogic Corporation ( NASDAQ : QUIK ), a developer of ultra-low power programmable sensor processing, display bridge and programmable logic solutions, today announced that it has shipped more than 40 million units of its ultra-low power ArcticLink® III BX and ArcticLink III VX display bridging solutions. These solutions bridge multiple interface standards between various processors and displays for a wide range of mobile and handheld devices. Some of the world’s largest mobile device manufacturers, including Lenovo, Motorola and Samsung, have designed in ArcticLink III solutions.

“Our ArcticLink III solution has maintained a steady momentum of customer adoption,” said Brian Faith, president and CEO of QuickLogic. “The unique architecture of the platform addresses some of the most challenging issues for OEMs and system designers, such as bridging mismatched display standards, achieving optimum visual display enhancement, or extending battery life.”

QuickLogic’s ArcticLink III BX solution platform features a variety of display bridge variants, useful for applications from a tablet-based RGB-to-LVDS design, or in more complex smartphone designs where a MIPI-DSI output from the processor needs to drive embedded displays, pico projectors or other off-chip display interfaces.

The ArcticLink III BX is pin-identical with QuickLogic’s ArcticLink III VX solution, which adds display optimization features. This compatibility allows system designers to easily transition from the BX to a VX device to harness the display power savings and viewability advantages only available in the VX option.

About QuickLogic

QuickLogic Corporation ( NASDAQ : QUIK ) enables OEMs to maximize battery life for highly differentiated, immersive user experiences with Smartphone, Wearable and IoT devices. QuickLogic delivers these benefits through industry leading ultra-low power customer programmable SoC semiconductor solutions, embedded software, and algorithm solutions for always-on voice and sensor processing. For more information about QuickLogic, visit www.quicklogic.com.

The QuickLogic logo, QuickLogic and ArcticLink are registered trademarks of QuickLogic Corporation. All other brands or trademarks are the property of their respective holders and should be treated as such.

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QuickLogic, Corp. (NASDAQ:QUIK) shares are trading -0.27% on the news and in the range of $0.81 – 0.84 during the current trading session.  When taking a look at which direction the stock might be headed, investors often look to brokerage analysts who cover the stock.  Sell-side research firms on Wall Street currently have a consensus one-year price target of $2.25 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.

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Sell-side analysts are projecting earnings per share of $-0.05 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.27 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading -0.51% away from its 50 day moving average of $0.82.  Based on the most recent available data, the equity is -50.60% off of its 52-week high of $1.66 and +9.33% away from its 52-week low which is $0.75.

Today, the stock opened at $0.82 and the last bid at the time of writing stood at $0.82.  During the session thus far, the equity dipped down to $0.81 and touched $0.84 as the high point.  QuickLogic, Corp. (NASDAQ:QUIK) has a market cap of $55.58M and has seen an average daily volume of 133442 over the past three months.

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