Welcome to our dedicated page for Quicklogic news (Ticker: QUIK), a resource for investors and traders seeking the latest updates and insights on Quicklogic stock.
QuickLogic Corporation reports developments in fabless semiconductor products built around embedded FPGA technology, ruggedized programmable logic and specialized FPGA devices. News commonly covers eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs, chiplet-related offerings, endpoint AI solutions and low-power platforms such as the EOS S3 SoC for always-on sensing applications.
Company updates also include customer contracts for advanced process technologies, technical demonstrations of RadPro FPGA development tools, sales-channel appointments, conference presentations, quarterly financial results and capital resources such as revolving credit facilities. The recurring business themes center on programmable logic for aerospace and defense, industrial, computing, consumer and embedded edge applications.
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QuickLogic Corporation (NASDAQ: QUIK) will exhibit at GOMACTech 23 on March 21-22, 2023, in San Diego, CA. The company specializes in ultra-low power multi-core voice-enabled SoCs and embedded FPGA (eFPGA) solutions. At the event, QuickLogic will showcase its innovative design methodology, Australis, which automates architecture exploration for optimal FPGA performance tailored to mission-critical applications. Their products, supported by the Aurora FPGA User Tools, utilize 100% open-source software for transparency and longevity. QuickLogic aims to enhance AI, voice, and sensor processing across various industries.
SensiML Corporation, a developer of AI tools for IoT endpoints, will exhibit at Embedded World in Germany and the tinyML Summit in California. The company will showcase its IoT sensor recognition models and a voice ID Smart Lock. According to ABI Research, TinyML Software-as-a-Service revenue surpassed US$220 million in 2022, projected to become a billion-dollar market by 2030. SensiML, a subsidiary of QuickLogic (Nasdaq: QUIK), aims to provide developers with advanced tools for deploying machine learning at the edge.
QuickLogic Corporation (NASDAQ: QUIK) reported its fiscal fourth quarter and year results ending January 1, 2023. Total revenue for Q4 2022 reached $4.1 million, up 18.1% from Q3 2022 and 10.2% year-over-year. The company achieved a 28% increase in total revenue for fiscal 2022, totaling $16.2 million. New product revenue surged 50% from the previous year to $11.7 million. Despite the growth, GAAP net loss for Q4 2022 was $1.2 million, a slight improvement from prior losses. QuickLogic anticipates organic sales growth of over 30% in 2023, bolstered by a $6.9 million government contract and a growing sales funnel of $118 million.