Quicklogic Financials
This page shows Quicklogic (QUIK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Quicklogic has an operating margin of -17.1%, meaning the company retains $-17 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.3% the prior year.
Quicklogic's revenue declined 5.1% year-over-year, from $21.2M to $20.1M. This contraction results in a growth score of 14/100.
Quicklogic carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Quicklogic's current ratio of 1.17 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.
While Quicklogic generated $27K in operating cash flow, capex of $5.4M consumed most of it, leaving -$5.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Quicklogic passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Quicklogic generates $-0.01 in operating cash flow ($27K OCF vs -$3.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Quicklogic earns $-8.5 in operating income for every $1 of interest expense (-$3.4M vs $406K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Quicklogic generated $20.1M in revenue in fiscal year 2024. This represents a decrease of 5.1% from the prior year.
Quicklogic's EBITDA was $182K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 90.3% from the prior year.
Quicklogic generated -$5.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 767.3% from the prior year.
Quicklogic reported -$3.8M in net income in fiscal year 2024. This represents a decrease of 1360.5% from the prior year.
Quicklogic held $21.9M in cash against $3.1M in long-term debt as of fiscal year 2024.
Quicklogic had 15M shares outstanding in fiscal year 2024. This represents an increase of 8.6% from the prior year.
Quicklogic's gross margin was 59.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 9.2 percentage points from the prior year.
Quicklogic's operating margin was -17.1% in fiscal year 2024, reflecting core business profitability. This is down 17.4 percentage points from the prior year.
Quicklogic's net profit margin was -19.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 17.9 percentage points from the prior year.
Quicklogic invested $6.5M in research and development in fiscal year 2024. This represents an increase of 1.5% from the prior year.
Quicklogic invested $5.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 1.2% from the prior year.
QUIK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M-45.0% | $3.7M-14.8% | $4.3M-42.2% | $7.5M+12.2% | $6.7M+128.2% | $2.9M-29.3% | $4.1M+19.5% | $3.5M |
| Cost of Revenue | $2.5M-8.5% | $2.7M+11.6% | $2.4M+42.9% | $1.7M+11.5% | $1.5M-10.5% | $1.7M-1.4% | $1.7M-2.1% | $1.8M |
| Gross Profit | -$472K-149.5% | $954K-49.2% | $1.9M-67.4% | $5.8M+12.4% | $5.1M+326.3% | $1.2M-49.7% | $2.4M+42.4% | $1.7M |
| R&D Expenses | $1.4M+17.2% | $1.2M-5.9% | $1.3M-8.2% | $1.4M-28.6% | $1.9M+28.4% | $1.5M-7.6% | $1.6M+60.0% | $1.0M |
| SG&A Expenses | $2.1M+4.8% | $2.0M-22.6% | $2.5M+11.8% | $2.3M+18.5% | $1.9M-0.5% | $1.9M+3.4% | $1.9M-2.1% | $1.9M |
| Operating Income | -$3.9M-55.7% | -$2.5M-27.3% | -$2.0M-193.6% | $2.1M+65.3% | $1.3M+157.5% | -$2.2M-102.4% | -$1.1M+11.3% | -$1.2M |
| Interest Expense | $87K-19.4% | $108K+11.3% | $97K+64.4% | $59K+22.9% | $48K-4.0% | $50K-13.8% | $58K+31.8% | $44K |
| Income Tax | -$1K-200.0% | $1K-80.0% | $5K+350.0% | -$2K-150.0% | $4K+157.1% | -$7K-200.0% | $7K+133.3% | $3K |
| Net Income | -$4.0M-50.1% | -$2.7M-21.9% | -$2.2M-207.3% | $2.0M+71.3% | $1.2M+152.5% | -$2.3M-84.8% | -$1.2M+8.8% | -$1.3M |
| EPS (Diluted) | $-0.24-41.2% | $-0.17-21.4% | $-0.14 | N/A | $0.08+147.1% | $-0.17-88.9% | $-0.09+18.2% | $-0.11 |
QUIK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $46.1M-8.2% | $50.2M+2.3% | $49.1M+2.7% | $47.8M+30.8% | $36.5M+6.3% | $34.4M-1.0% | $34.7M+9.4% | $31.8M |
| Current Assets | $24.3M-11.3% | $27.4M+8.1% | $25.3M-26.8% | $34.6M+23.4% | $28.1M+0.2% | $28.0M-6.2% | $29.9M+8.7% | $27.5M |
| Cash & Equivalents | $17.3M-9.6% | $19.2M+9.4% | $17.5M-28.7% | $24.6M+32.1% | $18.6M-9.4% | $20.6M-1.6% | $20.9M+4.3% | $20.0M |
| Inventory | $869K+0.2% | $867K-4.2% | $905K-55.4% | $2.0M0.0% | $2.0M-17.3% | $2.5M-1.7% | $2.5M+13.4% | $2.2M |
| Accounts Receivable | $2.0M+108.8% | $974K-38.6% | $1.6M-2.4% | $1.6M+237.8% | $481K-48.7% | $937K+837.0% | $100K-95.9% | $2.4M |
| Goodwill | $185K0.0% | $185K0.0% | $185K0.0% | $185K0.0% | $185K0.0% | $185K0.0% | $185K0.0% | $185K |
| Total Liabilities | $21.4M-5.2% | $22.6M-0.9% | $22.8M-26.3% | $30.9M+37.3% | $22.5M+1.4% | $22.2M+5.4% | $21.1M+8.3% | $19.4M |
| Current Liabilities | $20.6M-4.1% | $21.5M+0.2% | $21.5M-27.5% | $29.6M+34.4% | $22.1M+2.2% | $21.6M+6.4% | $20.3M+6.8% | $19.0M |
| Long-Term Debt | $1.9M-18.5% | $2.3M-18.6% | $2.8M+102.1% | $1.4M | N/A | N/A | N/A | N/A |
| Total Equity | $24.7M-10.6% | $27.7M+5.1% | $26.3M+55.8% | $16.9M+20.3% | $14.0M+15.3% | $12.2M-11.0% | $13.7M+11.1% | $12.3M |
| Retained Earnings | -$318.3M-1.3% | -$314.3M-0.9% | -$311.6M-2.0% | -$305.6M+0.7% | -$307.6M+0.4% | -$308.8M-0.7% | -$306.5M-0.8% | -$304.1M |
QUIK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $131K+159.5% | -$220K+89.7% | -$2.1M-142.2% | $5.0M+3775.4% | $130K+242.1% | $38K+110.6% | -$359K+73.6% | -$1.4M |
| Capital Expenditures | $1.4M-65.1% | $4.0M+194.1% | $1.3M-63.9% | $3.7M+127.4% | $1.6M+1832.9% | $85K+4150.0% | $2K-90.9% | $22K |
| Free Cash Flow | -$1.3M+70.1% | -$4.2M-20.5% | -$3.5M-367.1% | $1.3M+186.0% | -$1.5M-3119.1% | -$47K+87.0% | -$361K+73.9% | -$1.4M |
| Investing Cash Flow | -$1.5M+59.9% | -$3.8M-156.2% | -$1.5M+61.7% | -$3.9M-103.2% | -$1.9M-460.2% | -$342K-82.9% | -$187K+19.4% | -$232K |
| Financing Cash Flow | -$452K-396.7% | -$91K+87.1% | -$708K-114.6% | $4.8M+3240.9% | -$154K-366.7% | -$33K-101.5% | $2.2M-27.1% | $3.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
QUIK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -23.3%-49.1pp | 25.9%-17.5pp | 43.4%-33.7pp | 77.1%+0.2pp | 76.9%+35.8pp | 41.2%-16.7pp | 57.8%+9.3pp | 48.5% |
| Operating Margin | -193.5%-125.1pp | -68.4%-22.6pp | -45.8%-74.1pp | 28.3%+9.1pp | 19.2%+95.4pp | -76.2%-49.6pp | -26.6%+9.2pp | -35.9% |
| Net Margin | -197.5%-125.1pp | -72.4%-21.8pp | -50.7%-78.0pp | 27.3%+9.4pp | 17.9%+95.6pp | -77.7%-48.0pp | -29.7%+9.2pp | -38.9% |
| Return on Equity | N/A | N/A | 0.5%-11.6pp | 12.1%+3.6pp | 8.5% | N/A | N/A | N/A |
| Return on Assets | -8.7%-3.4pp | -5.3%-0.9pp | -4.5%-8.7pp | 4.3%+1.0pp | 3.3%+9.9pp | -6.6%-3.1pp | -3.5%+0.7pp | -4.2% |
| Current Ratio | 1.18-0.1 | 1.27+0.1 | 1.18+0.0 | 1.17-0.1 | 1.27-0.0 | 1.30-0.2 | 1.47+0.0 | 1.45 |
| Debt-to-Equity | 0.080.0 | 0.08-0.0 | 0.11+0.0 | 0.08-1.5 | 1.60-0.2 | 1.82+0.3 | 1.54-0.0 | 1.58 |
| FCF Margin | -61.8%+40.4pp | -102.3%-21.9pp | -80.3%-97.8pp | 17.4%+40.1pp | -22.7%-21.1pp | -1.6%+7.1pp | -8.7%+31.2pp | -40.0% |
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Frequently Asked Questions
What is Quicklogic's annual revenue?
Quicklogic (QUIK) reported $20.1M in total revenue for fiscal year 2024. This represents a -5.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Quicklogic's revenue growing?
Quicklogic (QUIK) revenue declined by 5.1% year-over-year, from $21.2M to $20.1M in fiscal year 2024.
Is Quicklogic profitable?
No, Quicklogic (QUIK) reported a net income of -$3.8M in fiscal year 2024, with a net profit margin of -19.1%.
What is Quicklogic's EBITDA?
Quicklogic (QUIK) had EBITDA of $182K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quicklogic have?
As of fiscal year 2024, Quicklogic (QUIK) had $21.9M in cash and equivalents against $3.1M in long-term debt.
What is Quicklogic's gross margin?
Quicklogic (QUIK) had a gross margin of 59.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quicklogic's operating margin?
Quicklogic (QUIK) had an operating margin of -17.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Quicklogic's net profit margin?
Quicklogic (QUIK) had a net profit margin of -19.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Quicklogic's free cash flow?
Quicklogic (QUIK) generated -$5.4M in free cash flow during fiscal year 2024. This represents a -767.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quicklogic's operating cash flow?
Quicklogic (QUIK) generated $27K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Quicklogic's total assets?
Quicklogic (QUIK) had $51.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Quicklogic's capital expenditures?
Quicklogic (QUIK) invested $5.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Quicklogic spend on research and development?
Quicklogic (QUIK) invested $6.5M in research and development during fiscal year 2024.
How many shares does Quicklogic have outstanding?
Quicklogic (QUIK) had 15M shares outstanding as of fiscal year 2024.
What is Quicklogic's current ratio?
Quicklogic (QUIK) had a current ratio of 1.17 as of fiscal year 2024, which is considered adequate.
What is Quicklogic's debt-to-equity ratio?
Quicklogic (QUIK) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Quicklogic's return on assets (ROA)?
Quicklogic (QUIK) had a return on assets of -7.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Quicklogic's Piotroski F-Score?
Quicklogic (QUIK) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quicklogic's earnings high quality?
Quicklogic (QUIK) has an earnings quality ratio of -0.01x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Quicklogic cover its interest payments?
Quicklogic (QUIK) has an interest coverage ratio of -8.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Quicklogic?
Quicklogic (QUIK) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.