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QuickLogic Corporation Q1 2010 Earnings Call Transcript

QuickLogic Corporation ( QUIK )

Q1 2010 Earnings Call Transcript

May 6, 2010 5:30 pm ET

Executives

Thomas Hart – Chairman & CEO

Ralph Marimon – VP of Finance & CFO

Andy Pease – President

Analysts

Edwin Mok – Needham & Company

Bob West [ph] – Anaheim Technical Research [ph]

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the QuickLogic Corporation’s first quarter 2010 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator instructions) As a reminder this is program is being recorded. I would now like to introduce your host for today’s program, Mr. Thomas Hart; CEO. Please go ahead, sir.

Thomas Hart

Yes, good afternoon, ladies and gentlemen, and thank you for joining us today for QuickLogic’s first quarter 2010 conference call. Joining me here today is our President, Andy Pease, and our CFO, Ralph Marimon.

Ralph will take you through our first quarter results and then I’ll share my perspective on our business. Following this, Ralph will detail our guidance for the second quarter of 2010 and then we’ll take questions. Ralph?

Ralph Marimon

Thank you, Tom. I’ll take a moment to read a Safe Harbor statement. During this call we will make statements that are forward-looking. These forward-looking statements involve risks and uncertainties including, but not limited to, our stated expectations relating to revenue growth from our new products, statements pertaining to our design activity, and our ability to convert new design opportunities into customer activity, market acceptance of our customers’ products, our expected results, and our financial expectations for revenue, gross margin, operating expenses, profitability, and cash.

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