For the second quarter of 2012, total revenue was $4.1 million, which was just above the midpoint of our guidance of $4 million. New product revenues totaled $1.7 million, which was up 5% from the Q1 level. Mature product revenue in the quarter totaled $2.4 million, which represents a 6% sequential decrease from Q1, but was slightly above the midpoint of our guidance.Our non-GAAP gross profit margin for Q2 was 51% and was above the midpoint of our guidance. The higher than forecasted margin is due to lower inventory reserves and a benefit from selling previously reserved inventory.
QuickLogic's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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