What caused QUIK's earnings to miss forecasts in 2024?

QuickLogic's (QUIK) earnings missed forecasts in 2024 due to a combination of factors: 1. **Revenue Shortfall**: Although revenue increased by 41% year-over-year to $4.13 million, it fell short of analyst estimates by 8.29%. Analysts had expected revenue of $4.50 million. This shortfall indicates operational challenges or market conditions did not meet expectations. 2. **Earnings Per Share (EPS) Miss**: The reported EPS was -$0.05 for the quarter, missing the mark by $0.06. This suggests that despite revenue growth, the company's profitability did not meet expectations, potentially due to increased costs or inefficiencies. 3. **Sequential Decline in Earnings**: There was a notable sequential decline in earnings from the previous quarter. While QuickLogic posted a net loss of $1.55 million, this was a significant improvement from the $3.84 million net loss in the previous quarter. However, the absolute value of the loss still signaled financial strain. 4. **Analyst Sentiment and Estimates**: Analysts' estimates were revised downward, reflecting a more cautious outlook on QuickLogic's future earnings. This suggests that industry experts identified challenges or risks that affected the stock's performance. In summary, QuickLogic's earnings miss in 2024 was likely a result of a combination of revenue shortfall, earnings per share miss, sequential decline in earnings and analyst sentiment and estimates.