Nov. 12 at 12:04 AM
$QUIK
Wow. Lots of very positive sounding words, without revenue guidance to match, and at least another two quarters of uncertainty.
In 2024, QUIK delivered
$20.1M in revenue.
Here is how 2025 progressed quarterly.
Q1: Actual
$4.3M, Q2 guidance
$4.0+-10%
<<While disappointing, it does not change our full year outlook for SOLID REVENUE GROWTH, non-GAAP profitability and POSITIVE CASH FLOW.>>
Q2: Actual
$3.7 Q3 guidance
$2.0+-10%
<< Due to this, we are conservatively projecting a MODEST DECREASE in full year 2025 revenue relative to 2024. >>
Q3: Actual
$2.0M, Q4 guidance of
$3.5M -
$6M.
At the high end, this is a 25% decrease in revenue from 2024, - hardly modest.
At the low end, this is a 33% drop from 2024.
We won’t know until February, which it is.
The DIBs will take 1-2 quarters, AFTER receiving the test chips in mid-late Q1 2026, to know whether the test chips will be “good enough” or need further tweeking.
There are no solid revenue projections here until at least the May call.
