Quicklogic Stock Price, News & Analysis

QuickLogic Corporation (NASDAQ: QUIK) reported a strong financial performance for Q1 2022, with total revenue reaching $4.1 million, marking an 83% year-over-year increase. New product revenue surged 221% compared to Q1 2021, primarily from eFPGA IP licenses and connectivity products. The company announced two new eFPGA contracts worth approximately $2.5 million. Despite challenges in mature product revenue, which fell 45% year-over-year, gross margins improved to 60.1%. The net loss decreased to $1.2 million, or $0.10 per share.

QuickLogic Corporation (NASDAQ: QUIK) has partnered with Intrinsic ID to enhance security options for devices utilizing embedded FPGA (eFPGA) technology. This collaboration offers secure key generation, encryption, and authentication capabilities tailored for various applications, including industrial IoT, aerospace, and defense. The solutions enable seamless integration for eFPGA customers, ensuring heightened security without requiring extensive additional effort. Available now, the eFPGA technology supports a wide range of foundries and nodes, providing a robust security framework for semiconductor designs.

QuickLogic Corporation (NASDAQ: QUIK) announced its participation in the Single Event Effects (SEE) Symposium / Military and Aerospace Programmable Logic Devices (MAPLD) Combined Workshop in San Diego, CA, on May 17-18, 2022. The company, which specializes in ultra-low power multi-core voice-enabled SoCs and embedded FPGA IP, showcased its radiation-hardened eFPGA IP for mission-critical applications. QuickLogic's technology is crucial for applications requiring robust performance in radiation environments. Attendees can visit their booth 20 for more information.

SensiML Corporation announced the integration of Silicon Labs' MG24 and BG24 Series 2 Bluetooth SoCs into its SensiML Analytics Toolkit. This inclusion enhances AI capabilities, promising processing speeds up to 4x faster with one-sixth the power consumption for AI/ML applications. The toolkit streamlines development, allowing developers to create sophisticated, low-power IoT devices, benefiting applications like acoustic event detection and motion analysis. SensiML's collaboration with Silicon Labs aims to optimize performance in battery-powered IoT solutions.

QuickLogic Corporation (NASDAQ: QUIK) will hold a conference call on May 17, 2022, at 5:30 p.m. ET to discuss its first quarter fiscal year 2022 financial results. The call can be accessed via toll-free and international numbers, with no passcode required. A replay will be available through May 24, 2022. QuickLogic specializes in ultra-low power multi-core voice-enabled SoCs, FPGA IP, and AI solutions, supporting a range of applications in IoT and consumer electronics. For more details, visit www.quicklogic.com.

QuickLogic (NASDAQ: QUIK) has launched its first customer-defined eFPGA block compatible with the GlobalFoundries 22FDX® process, available through its Australis™ IP Generator tool. This allows for rapid customization, enabling developers to adapt designs to evolving workload requirements quickly. QuickLogic supports various industry sectors such as IoT and aerospace with enhanced flexibility in system-on-chip (SoC) applications. The Australis tool can generate eFPGA IP in weeks, significantly faster than competitors, promoting extended product life and cost amortization.

QuickLogic Corporation (NASDAQ: QUIK) has appointed Owen Bateman as Vice President of Worldwide Sales, effective immediately. With over 30 years of semiconductor sales experience, Bateman has been instrumental in securing significant design wins, contributing to strong revenue growth. He will oversee corporate direct and field sales channels and aims to implement new sales strategies across a diverse customer base. Brian Faith, QuickLogic's CEO, expressed confidence in Bateman's leadership, particularly in driving key strategic initiatives in the eFPGA and SensiML areas.

SensiML Corporation has partnered with Direct Insight to enhance technical sales and support for its AI-driven IoT products across the UK and Ireland. This collaboration aims to leverage Direct Insight's expertise in embedded development to facilitate the creation of intelligent IoT endpoints using SensiML's Analytics Toolkit. Effective immediately, Direct Insight will provide full sales and support services for SensiML's product line, which supports various microcontrollers and processors, enabling developers to innovate without extensive AI knowledge.