QuickLogic Announces Preliminary Q4 2012 Revenue

QuickLogic Announces Preliminary Q4 2012 Revenue 
SUNNYVALE, CA -- (Marketwire) -- 01/09/13 --  QuickLogic Corporation
(NASDAQ: QUIK), the leader in low-power Customer Specific Standard
Products (CSSPs), today announced that it expects to report fourth
quarter revenue of approximately $3.1 million compared to previously
announced guidance of approximately $3.7 million, plus or minus 10%.
New product revenue is expected to be approximately $1.0 million
while mature product revenue is expected to be approximately $2.1
million as compared to previously announced guidance of approximately
$1.6 million and $2.1 million plus or minus 10%, respectively.  
"While I'm disappointed in our revenue performance for the fourth
quarter, we are continuing to make progress in our long term customer
and partner strategy," said Andy Pease, QuickLogic's President and
CEO. "This progress includes the initial shipment on the new handset
design mentioned in our last conference call, and 3 new orders that
were booked in December for our ArcticLink III platform, two of which
utilize our MIPI interface. I will provide more details on our
progress during our upcoming earnings conference call." 
QuickLogic cautions that the financial results disclosed are
preliminary based on the best information currently available to the
company and are subject to completion of the financial statements and
the audit of QuickLogic's year-end financial results. Complete
financial results are expected to be released on February 6, 2013. 
About QuickLogic
 QuickLogic Corporation is the inventor and pioneer
of innovative, customizable semiconductor solutions for mobile and
portable electronics OEMs and ODMs. These silicon plus software
solutions are called Customer Specific Standard Products (CSSPs).
CSSPs enable our customers to bring their products to market more
quickly and remain in the market longer, with the low power, cost and
size demanded by the mobile and portable electronics market. For more
information about QuickLogic and CSSPs, visit www.quicklogic.com 
Safe Harbor Statement Under The Private Securities Litigation Reform
Act of 1995 
 This press release contains forward-looking statements
relating to the Company's revenue and revenue generated from the
Company's new products. Actual results could differ materially from
the results described in these forward-looking statements. Factors
that could cause actual results to differ materially include: delays
in the market acceptance of the Company's new products; the ability
to convert design opportunities into customer revenue; our ability to
replace revenue from end-of-life products; the level and timing of
customer design activity; the market acceptance of our customers'
products; the risk that new orders may not result in future revenue;
our ability to introduce and produce new products based on advanced
wafer technology on a timely basis; our ability to adequately market
the low power, competitive pricing and short time-to-market of our
new products; intense competition, including the introduction of new
products by competitors; our ability to hire and retain qualified
personnel; changes in product demand or supply; capacity constraints;
and general economic conditions. These factors and others are
described in more detail in the Company's public reports filed with
the Securities and Exchange Commission, including the risks discussed
in the "Risk Factors" section in the Company's Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and in the Company's prior press
releases. 
QuickLogic is a registered trademark and the QuickLogic logo is a
trademark of QuickLogic Corporation.  
Contact:
Ralph Marimon
QuickLogic Corporation
(408) 990-4000
rsmarimon@quicklogic.com 
 
 
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