For the first quarter of 2011, total revenue was $5.5 million. As we previously announced, this revenue was below our guidance and represents a sequential decline of approximately 20%.New product revenue totaled $1.2 million, which represented a 46% sequential decrease. New product revenue was negatively impacted by reduced demand from our broadband data card customers and a non-QuickLogic technical issue that’s halted shipments to our secure banking customer. Andy will address both of these situations in detail in his prepared comments.
QuickLogic CEO Discusses Q1 2011 Results - Earnings Call Transcript
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