Quicklogic - QUIK STOCK NEWS

QuickLogic (NASDAQ: QUIK) has achieved a significant milestone by delivering embedded FPGA (eFPGA) Hard IP optimized for Intel 18A technology for a customer's Test Chip. This marks the first-ever eFPGA Hard IP delivery for a sub-5nm process node, promising enhanced low power consumption, high performance, and optimal silicon area utilization.

Using their proprietary Australis™ IP Generator, QuickLogic completed the foundry-specific Hard IP in just six months. The technology is supported by two FPGA User Tools: Aurora, featuring 100% Open-Source components, and Aurora Pro, which includes Synopsys® Synplify® FPGA Logic Synthesis.

The eFPGA Hard IP for Intel 18A is immediately available and can be customized with varying resources of LUTs, Block RAM, and DSP Blocks to meet specific requirements for commercial and Defense Industrial Base designs.

QuickLogic (NASDAQ: QUIK) announced the integration of its embedded FPGA (eFPGA) IP into Faraday Technology 's FlashKit-22RRAM SoC Development Platform. The platform, implemented on UMC's 22ULP process technology, supports both Arm Cortex-M7 and VeeR EH1 RISC-V processors.

The FlashKit platform, designed for AIoT, consumer, and industrial applications, includes multiple systems, analog, and interface blocks, along with eNVM and QuickLogic's eFPGA IP for post-tape-out customization. This integration enables hardware functionality adaptation post-silicon, reducing time-to-market and extending product lifecycles through field upgradability.

The platform allows developers to make architectural tradeoffs between functions implemented on different subsystems, from software on processors to RTL on eFPGA to hard logic. QuickLogic's eFPGA IP, built on open-source toolchains, offers a scalable architecture that helps optimize power, performance, and area for unique workloads in edge AI and real-time sensor fusion applications.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA technology and solutions, is set to present at the Andes RISC-V CON Technology Summit in San Jose on April 29th, 2025. Andy Jaros, VP of IP Sales, will deliver a presentation titled 'RISC-V + eFPGA: A Flexible Solution for Any Application' at 12:10 p.m. PT at the DoubleTree by Hilton San Jose.

The presentation will explore how embedded FPGA (eFPGA) technology can enhance embedded RISC-V processing solutions from Andes Technology, focusing on:

• Acceleration capabilities
• Co-processing functions
• Peripheral integration

Jaros will also showcase QuickLogic's Australis™ eFPGA IP Generator, demonstrating the company's ability to rapidly create custom eFPGA Hard IP cores across various process technologies and nodes. QuickLogic will maintain an exhibition presence at the event for additional engagement with attendees.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA technology and AI solutions, will exhibit at the HEART 2025 Conference in Monterey on April 7-8, 2025. The company will demonstrate its adaptable eFPGA technology and Australis™ eFPGA IP Generator, which enables rapid creation of custom eFPGA IP cores optimized for power, performance, and area requirements.

The company has expanded its process portfolio to include Intel® 18A, GlobalFoundries® 12LP and 22FDX®, TSMC® N12e™, and UMC 22nm. With over 30 years of industry experience, QuickLogic serves the Aerospace and Defense sector by providing eFPGA IP, FPGA devices, and design tools that meet Size, Weight, and Power (SWaP) constraints while ensuring security and reliability in extreme conditions.

QuickLogic (NASDAQ: QUIK) has secured a $1.43 million Incremental Funding Modification (IFM) for its Strategic Radiation Hardened (SRH) Program. This additional funding supplements the $6.58 million contract awarded in December 2024, bringing the total program value to $8.01 million.

The funding supports the ongoing development and demonstration of high reliability SRH Field Programmable Gate Array (FPGA) technology, designed to meet Department of Defense (DoD) strategic and space system requirements. The company's FPGA and eFPGA Hard IP solutions are specifically engineered for Aerospace and Defense Industrial Base customers.

QuickLogic (NASDAQ: QUIK), a provider of embedded FPGA Hard IP and ruggedized FPGAs, has announced the eighth amendment to its amended and restated credit facility. The amendment, effective March 17, 2025, maintains the $20 million credit facility and extends the maturity date from December 31, 2025 to December 31, 2026.

CFO Elias Nader highlighted that the extension provides enhanced operational flexibility as the company continues execution on its large government contract, new eFPGA IP Licenses, and Storefront business. The company cited solid results and improving business outlook as factors in the credit facility extension.

QuickLogic (NASDAQ: QUIK) announced its participation at GOMACTech 2025, scheduled for March 18-19, 2025, at the Pasadena Convention Center. The company will showcase its Australis™ eFPGA IP Generator, which creates customized embedded FPGA IP cores tailored to specific customer requirements.

The technology leverages a common eFPGA architecture using 6-input Look-Up Tables, BlockRAM, and DSP resources, supporting various process technologies including Intel® 18A, GlobalFoundries® 12LP and 22FDX®, TSMC® N12e™, and UMC 22nm. QuickLogic's 30-year experience in the Aerospace and Defense sectors focuses on delivering solutions optimized for Size, Weight and Power requirements while addressing security, reliability, and operational demands in extreme environments.

QuickLogic (NASDAQ: QUIK) has secured a $1.1M contract to provide embedded FPGA (eFPGA) IP to a new Defense Industrial Base customer. The IP, targeting GlobalFoundries' 12LP, 12nm low-power process, is scheduled for delivery in Q2 2025.

The company will leverage its three-decade experience in providing SWaP-C-optimized programmable logic solutions to the defense sector. The eFPGA Hard IP offering spans multiple fabrication processes, enabling quick design-specific solutions while minimizing program risk.

QuickLogic (NASDAQ: QUIK) reported its Q4 and full-year 2024 financial results. Q4 revenue was $5.7 million, down 23.7% year-over-year but up 33.5% quarter-over-quarter. The company secured a $1.1 million eFPGA Hard IP contract with a new defense customer and received a $6.6 million fourth tranche from the US Government's Strategic Radiation Hardened FPGA Technology contract.

Q4 2024 financial highlights include:

• New product revenue: $4.7 million, down 31.8% YoY
• GAAP gross margin: 59.8%
• GAAP net loss: ($0.3 million) or ($0.02) per share
• Non-GAAP net income: $0.6 million or $0.04 per share

The company expects to achieve non-GAAP profitability and positive cash flow for full-year 2025, supported by its eFPGA Hard IP portfolio across six fabrication processes.