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QuickLogic CEO Discusses Q2 2011 Results - Earnings Call Transcript

Our Q2 GAAP net loss was $2.1 million or $0.05 per share. Our GAAP results include stock-based compensation charges of $436,000. Please see today's press release for a detailed reconciliation of our GAAP to non-GAAP results.

Now, I'll turn it over to Andy, who will update you on the status of our strategic efforts. Following this, I'll rejoin the call to present our Q3 guidance.

Andy Pease

Thank you for joining us this afternoon. Given the press release issued last week, the first thing you probably want to hear about today is our new design with Pantech. The Vega 5 is a high-end multimedia computing and communications device that Pantech classifies as a Tablet-Phone. This classification is due to the fact that while it is designed to fit in your pocket, it incorporates a 5-inch display.

When you look at the specifications, you will see Pantech did not compromise on the design of the Vega 5. The Vega 5 uses a Qualcomm 1.5 gigahertz dual-core Snapdragon processor with 1 gigabyte of DRAM memory. It incorporates an 8 mega pixel rear-facing camera and a 1.3 mega pixel front-facing camera to support video chat. And it supports full high definition 1080p video playback and recording. These features make it an ideal phone for consumers, who are interested in high-resolution multimedia, web browsing and gaming applications.

Pantech chose our ArticLink II VX CSSP, which includes VEE and DPO. These technologies significantly improve the consumer viewing experience, including viewing experience while in bright sunlight conditions. And increase the battery life by an impressive 15% during high resolution video chat, video playback, net browsing and gaming use cases.

The Vega 5 is clearly a leading-edge design with specifications that would impress even the most critical geek. What impresses me the most is the care that Pantech took to address the subject of human design elements, particularly as it pertained to minimizing weight and optimizing feel.

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