QuickLogic

QuickLogic Corp. operates as a semiconductor company, which designs, markets, and supports primarily Customer Specific Standard Products and secondarily, Field Programmable Gate Arrays, sensor software algorithms, software drivers, associated design software and programming hardware. It develops and markets low power customizable semiconductor and software algorithm solutions that enable customers to differentiate their products by adding new features, extending battery life, becoming more contextually aware and improving the visual experience with their mobile, consumer and enterprise products. The company was founded by John M. Birkner, Andrew K. Chan, and Hua-Thye Chua in 1988 and is headquartered in San Jose, CA.

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QuickLogic reports robust revenue growth and eyes profitability in 2023

QuickLogic's Q4 2022 performance showed strong revenue growth and a focus on achieving profitability in 2023.
The company's strengths lie in securing key contracts, expanding sales funnel, and doubling eFPGA wins.
Challenges include navigating declines in mature products and aiming for improved margins and profitability.
Opportunities exist in the Chiplets initiative, bespoke applications, and participation in industry events for exposure.

QuickLogic anticipates over 30% revenue growth in 2023

QuickLogic's Q1 performance showed growth in revenue and strategic acquisitions for AI capabilities. Challenges include competition in the AI chip market, but opportunities lie in revenue growth and IP development. The company's focus on software and IP differentiates them in the market.

QuickLogic projects over 30% revenue growth in 2023 amid challenges

QuickLogic anticipates strong revenue growth in 2023, driven by diverse revenue sources and strategic programs.
Challenges include flat revenue expectations in certain segments for Q3, with a focus on improvements in Q4.
Opportunities lie in eFPGA IP opportunities, potential device revenue, and scalable operating model for profitability.
Overall, QuickLogic aims for sustained revenue growth, profitability, and operational efficiency amidst market challenges.

QuickLogic excels in Q3, poised for growth with strategic initiatives

QuickLogic's Q3 performance reflects a successful transformation, marked by record revenue, profitability, and strategic initiatives driving growth.
The company's strengths in partnerships, new product developments, and financial stability position it well for future expansion and sustained profitability.
While facing challenges in competitive markets, QuickLogic has opportunities to capitalize on its strong sales pipeline, partnerships, and market visibility for continued growth.

QuickLogic reports record profits, eyes strong 2024 revenue growth

QuickLogic's Q4 2023 earnings call showcased robust financial performance, record profitability, and a strategic focus on growth and revenue diversification. Despite facing challenges related to increased expenses, the company is optimistic about its revenue outlook for 2024 and is investing in talent to drive value for customers.

QuickLogic reports robust Q1 growth, eyes diverse market opportunities

QuickLogic's strong Q1 performance and strategic contracts position the company for revenue growth and market expansion.
Despite revenue recognition challenges and evolving market dynamics, QuickLogic's expertise and product offerings drive opportunities for growth.
Focus on innovation, customer value, and market trends underscore QuickLogic's resilience and potential for sustained success.
Balancing short-term challenges with long-term opportunities, QuickLogic remains poised for positive financial outcomes and continued market relevance.

QuickLogic reports Q3 revenue growth, eyes 2025 opportunities

QuickLogic's Q3 performance reflects steady growth with a focus on revenue diversification and profitability.
The company faces challenges with delayed contracts but is optimistic about growth opportunities in 2025.
Strategic investments in eFPGA Hard IP and the Flex Logix acquisition position QuickLogic for future success.

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QUIK's top line reflects the challenges of scheduling delays in projects, hampering revenue realizations.

QuickLogic Plunges 48% YTD: How Should Investors Play the Stock?

QuickLogic Corporation shows promising revenue growth but faces serious long-term issues, missing EPS expectations and falling short on revenue by $373,000. Despite a 41% revenue increase in Q2 2024, profitability metrics like EBITDA, EBIT, and EPS growth are not covered, raising sustainability concerns. The stock is overvalued with a high P/E ratio of 32.34x and an earnings growth rate of just 7.89%, suggesting market over-optimism.

QuickLogic: Q2 Conundrum, Quick To Rise, Slow To Deliver

QuickLogic Corporation (NASDAQ:QUIK ) Q2 2024 Earnings Call Transcript August 13, 2024 5:30 PM ET Company Participants Alison Ziegler - IR, Darrow Associates Brian Faith - President and CEO Elias Nader - SVP and CFO Conference Call Participants Rick Neaton - Rivershore Investment Research Richard Shannon - Craig-Hallum Martin Yang - Oppenheimer Operator Ladies and gentlemen, good afternoon. At this time, I would like to welcome everyone to QuickLogic Corporation's Second Quarter Fiscal 2024 Earnings Results Conference Call.

QuickLogic Corporation (QUIK) Q2 2024 Earnings Call Transcript

QuickLogic (QUIK) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.12 per share a year ago.

QuickLogic (QUIK) Reports Q2 Loss, Lags Revenue Estimates

SAN JOSE, Calif. , Aug. 13, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced its financial results for the fiscal second quarter that ended June 30, 2024.

QuickLogic Reports 41% Year-over-Year Revenue Growth for Second Quarter Fiscal 2024

QuickLogic's (QUIK) Q2 performance is likely to reflect the benefits of the growing adoption of its sensor processing solutions and embedded FPGA Intellectual Property Licensing platform.

QuickLogic (QUIK) to Report Q2 Earnings: What to Expect?

Embedded FPGAs (eFPGAs) Deliver Custom Solutions, Cost Savings, and Efficiency for Aerospace and Defense SAN JOSE, Calif. , Aug. 7, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a leader in embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, today announced a new strategic partnership with CTG, a division of Blue Raven Solutions.

QuickLogic Announces Partnership with CTG to Strengthen Aerospace & Defense Supply Chain

In the latest trading session, QuickLogic (QUIK) closed at $8.91, marking a -1.66% move from the previous day.

QuickLogic (QUIK) Stock Slides as Market Rises: Facts to Know Before You Trade

Announces Participation in Upcoming Investor Conferences SAN JOSE, Calif. , Aug. 5, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced it has scheduled a conference call to discuss its second quarter fiscal 2024 financial results on Tuesday, August 13, 2024.

QuickLogic to Report Second Quarter Fiscal 2024 Financial Results on Tuesday, August 13, 2024

SAN JOSE, Calif. , July 31, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, is pleased to announce a distribution agreement with Astute Electronics.

QuickLogic Signs Distribution Agreement with Astute Electronics to Expand Global Reach

- SensiML Data Studio Democratizes Voice Recognition on Tiny Devices with New Text-to-Speech Synthetic Dataset Generation Feature PORTLAND, Ore. , July 25, 2024 /PRNewswire/ -- SensiML™ Corporation, a leader in AI software for IoT and a subsidiary of QuickLogic (NASDAQ: QUIK), today released a new generative AI feature to enhance Data Studio, its dataset management application for IoT edge devices.

SensiML Integrates Cutting-Edge Generative AI Voice Technology in its ML DataOps Software for the IoT Edge

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CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a new strategic contract with QuickLogic Corporation (NASDAQ: QUIK). “Everspin is pleased to continue its collaboration with its partners QuickLogic and Honeywell to integrate MRAM directly into the FPGA product to support the DoD,” said Sanjeev Aggarwal, President Technologies an.

Everspin Announces Contract to Provide MRAM Technology for Strategic Radiation Hardened FPGA

In the latest trading session, QuickLogic (QUIK) closed at $11.46, marking a -1.88% move from the previous day.

QuickLogic (QUIK) Declines More Than Market: Some Information for Investors

SAN JOSE, Calif. , July 18, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, is excited to announce its participation in the Nuclear and Space Radiation Effects Conference (NSREC) taking place in Ottawa.

QuickLogic to Exhibit at the Nuclear and Space Radiation Effects Conference (NSREC) in Ottawa

QuickLogic (QUIK) collaborates with Spur Microwave to expand its distribution network in the growing defence and space market of India.

QuickLogic (QUIK), Spur India Team Up to Increase Distribution

SAN JOSE, Calif. , July 16, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, is pleased to announce a new distribution agreement with Spur Microwave Inc. (Spur India).

QuickLogic Expands Distribution Network with Spur Microwave Inc. Partnership in the Indian Market

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QuickLogic (QUIK) received a $5.26 million defense contract to support the development of a strategic radiation-hardened high-reliability FPGA for DoD's space systems.

QuickLogic (QUIK) Secures $5.26M Contract From the DoD

This award is the third tranche of the Strategic Radiation Hardened Contract that was initiated in August of 2022 QuickLogic will continue as the Prime Contractor collaborating with subcontractors including Honeywell Aerospace and Everspin Technologies SAN JOSE, Calif. , July 8, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, announced today it has been awarded a $5.26 million Contract to continue the development and demonstration of a Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array (FPGA) technology to support identified and future Department of Defense (DoD) strategic and space system requirements.

QuickLogic Announces $5.26 Million Contract Award

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In the most recent trading session, QuickLogic (QUIK) closed at $10.28, indicating a +0.1% shift from the previous trading day.

QuickLogic (QUIK) Outperforms Broader Market: What You Need to Know

Democratizes access to IoT edge AI technology and enables developers to contribute to ongoing advances for AI at the extreme edge PORTLAND, Ore. , June 25, 2024 /PRNewswire/ -- SensiML™ Corporation, a leader in AI software for IoT and a subsidiary of QuickLogic (NASDAQ: QUIK), is excited to announce the official launch of its highly anticipated open-source initiative Piccolo AI™.

SensiML's Open-Source AutoML Solution for Edge AI Now Available

The latest trading day saw QuickLogic (QUIK) settling at $10.32, representing a +1.57% change from its previous close.

QuickLogic (QUIK) Rises As Market Takes a Dip: Key Facts

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SAN JOSE, Calif. , June 20, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions is excited to announce its participation in the DAC, the Chips to Systems Conference, in San Francisco.

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