Quicklogic Stock Price, News & Analysis

QuickLogic Corporation (NASDAQ: QUIK) announced its third quarter financial results for fiscal 2022, reporting total revenue of $3.5 million, a decrease of 23.8% from the previous quarter and 10.3% year-over-year. New product revenue fell by 28.1% quarter-over-quarter to $2.3 million, while mature product revenue was $1.2 million, reflecting a 14.4% decline from Q2 but a 9.7% increase year-over-year. The company reported a GAAP net loss of $1.3 million or $0.11 per share. QuickLogic also highlighted the commencement of a $6.9 million government contract, promising future contributions to revenue.

QuickLogic Corporation (NASDAQ: QUIK) has signed an embedded FPGA (eFPGA) IP sales representative agreement with CHIP-gogo, enhancing its presence in Japan. This collaboration leverages CHIP-gogo's extensive semiconductor IP experience and customer relationships to integrate QuickLogic's eFPGA technology within SoC designs, providing flexibility and reducing the need for costly silicon redesigns. The eFPGA IP is now available for integration, enabling customers to address changing market demands efficiently.

QuickLogic Corporation (NASDAQ: QUIK) announced its participation in three investor conferences scheduled for November and December 2022. The events include the Roth 11th Annual Technology Event on November 16 at the Yale Club in New York, the Craig-Hallum Alpha Select Conference on November 17 at the Sheraton New York Times Square, and the Oppenheimer 5G Summit on December 13 (virtual). Interested investors should contact QuickLogic Investor Relations. Webcasts and investor presentations will be available on QuickLogic's website.

QuickLogic Corporation (NASDAQ: QUIK) has signed a distribution agreement with Taiwanese distributor MA Technology to expand its embedded FPGA (eFPGA) IP offerings in Taiwan. This partnership enhances SoC developers' design flexibility, allowing post-production changes to address evolving market needs and competitive challenges. MA Technology will incorporate QuickLogic's eFPGA technology into various applications, including storage, communications, and consumer electronics. The eFPGA IP is available for immediate integration, enabling faster and more efficient SoC development.

QuickLogic Corporation (NASDAQ: QUIK) announced the resignation of Dan Rabinovitsj from its Board of Directors, effective November 1, 2022. Rabinovitsj, who has served since 2014, will pursue a new opportunity in life sciences. Chairman Michael R. Farese acknowledged Rabinovitsj's contributions to QuickLogic’s technology and financial strategy during his tenure. QuickLogic will continue with a seven-member board and remains focused on its embedded FPGA technology. The company aims for profitable growth under CEO Brian Faith’s leadership in the evolving semiconductor industry.

QuickLogic Corporation (NASDAQ: QUIK) has scheduled a conference call for November 15, 2022, at 5:30 p.m. ET to discuss its third quarter fiscal year 2022 financial results. Investors can dial in toll-free at 1-877-407-0792 or internationally at 1-201-689-8263, with no passcode required. A replay will be available until November 22, 2022, and a webcast will be accessible on QuickLogic's Investor Relations site for 12 months. The company specializes in ultra-low power multi-core voice-enabled SoCs and AI solutions.

Everspin Technologies (NASDAQ:MRAM) has signed a contract with QuickLogic (NASDAQ:QUIK) to provide MRAM technology and manufacturing services, valued initially at $2.8M, with potential growth to $8.7M. This project aims to develop Strategic Radiation Hardened (SRH) FPGA technology for Department of Defense applications. Everspin's MRAM technology, noted for its radiation immunity, will be integrated into FPGA products, expanding its market reach. Everspin and QuickLogic express confidence in the collaboration's potential to innovate for harsh environments.

QuickLogic Corporation (NASDAQ: QUIK) has partnered with Hefei ChipMotion Microelectronics to provide turnkey eFPGA design support for SoC designs. This collaboration will enable ChipMotion to enhance its eFPGA distribution in China by integrating QuickLogic's Australis™ eFPGA IP technology. The partnership aims to give SoC developers greater design flexibility post-manufacturing, allowing for custom logic implementations and extended product lifecycles. QuickLogic's eFPGA technology supports multiple process nodes, enhancing profitability and adaptability in competitive markets.