For the second quarter of 2011, total revenue was $5.7 million, which was $200,000 above the midpoint of our guidance of $5.5 million. New product revenue totaled $1.2 million, which was flat from Q1 and aligned with the midpoint of our guidance. Our investors should note that while we are pleased about the release of the Pantech's Vega 5 Tablet-Phone, we face challenges in other segments that will affect new product revenue in the third quarter. Andy will discuss this in more detail during his remarks.Mature product revenue in the quarter totaled $4.5 million, which represents a 5% sequential increase over Q1. Our non-GAAP gross profit margin for Q2 was 66% and was above our guidance due to the mix of products shipped. Non-GAAP operating expenses for Q2 total $5.5 million, which was $1.1 million above our guidance.
QuickLogic CEO Discusses Q2 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.