Quicklogic Stock Price, News & Analysis

QuickLogic Corporation (NASDAQ: QUIK) reported a 47% increase in fiscal 2021 revenue, totaling $12.7 million. In Q4 2021, total revenue was $3.7 million, down 4% from Q3, but up 48% year-over-year. New product revenue rose 219% compared to Q4 2020, reaching $2.7 million. GAAP net loss for Q4 2021 was $1.6 million or $0.13 per share, compared to a loss of $2.9 million in Q4 2020. The company appointed Elias Nader as CFO and secured a $1 million purchase order, enhancing its market position.

QuickLogic Corporation (NASDAQ: QUIK) has launched its PolarPro 3 family of ultra-low power, SRAM-based FPGAs, addressing semiconductor supply challenges amid industry shortages. These devices offer power consumption as low as 55uA and support for up to 2,000 effective logic cells, making them suitable for portable and battery-operated applications. QuickLogic maintains a robust inventory to meet customer demands, including support for design migration and compatibility with open-source tools. The PolarPro 3 FPGAs are available for purchase now through distributors like Mouser and Digi-Key.

QuickLogic Corporation (NASDAQ: QUIK) announced that current and new institutional investors have purchased 310,000 shares, raising approximately $1.48 million. This represents 2.6% of the current shares outstanding, indicating robust support from investors. CEO Brian Faith expressed gratitude for the financial backing and highlighted the strategic importance of these funds for QuickLogic's growth and profitability goals, particularly regarding their Open Source initiatives. A conference call is scheduled for February 16, 2022, to discuss Q4 and fiscal year results.

SensiML Corporation has partnered with Infineon Technologies to deliver an AI/Machine Learning solution for Infineon's PSoC 6 family of microcontrollers. This collaboration combines SensiML's Analytics Toolkit with Infineon's ModusToolbox software and sensors, enabling developers to create AI models without extensive data science knowledge. A 'Build AI for the IoT Design Challenge' on Hackster.io aims to encourage innovative use of this platform. The SensiML Toolkit is currently available for developers, supporting various microcontroller cores and facilitating low-power IoT applications.

QuickLogic Corporation (NASDAQ: QUIK) has appointed Elias Nader as its new Chief Financial Officer and Senior Vice President of Finance, effective February 1, 2022. With over 30 years of semiconductor experience, including 20 years in senior positions, Nader aims to guide QuickLogic through its anticipated growth phase. Previously, he served as CFO at Pixelworks and held executive roles at Sigma Designs and others. CEO Brian Faith highlighted Nader's financial expertise and relationships with analysts as key assets for the company’s future.

QuickLogic Corporation (NASDAQ: QUIK) will host a conference call on February 16, 2022, at 5:30 p.m. ET to discuss its fourth quarter and fiscal year 2021 financial results. Investors can join the call via toll-free number 1-877-407-0792 or internationally at 1-201-689-8263. A replay will be available until February 23, 2022. QuickLogic specializes in low power multi-core semiconductor platforms and AI solutions, aiming to enhance voice and sensor processing across various applications.

QuickLogic Corporation (NASDAQ: QUIK) reported preliminary financial results for Q4 2021, signaling a positive outlook driven by strong demand for its ArcticLink® III BX display bridge solutions. The company has received engagements from major consumer product suppliers and has delivered over 50 million devices. CEO Brian Faith expressed confidence in meeting revenue growth and profitability targets, with anticipated strong demand lasting through H1 2022. Full financial results are expected on February 16, 2022, although the company cautions that these results are preliminary and subject to audits.

QuickLogic Corporation (NASDAQ: QUIK) announced the availability of its ArcticLink® III BX family of display interface bridging devices, designed to address supply chain challenges in the semiconductor industry. The family, featuring eleven variations, supports various mobile device display standards at resolutions up to WUXGA (1920 x 1200). QuickLogic has successfully shipped over 50 million units and maintains a well-stocked inventory. The company positions itself as a reliable supplier amidst global semiconductor supply disruptions caused by the COVID-19 pandemic.

QuickLogic Corporation (NASDAQ: QUIK) announced the appointment of Joyce Kim to its Board of Directors, effective immediately. Kim, known for her expertise in marketing and strategy within technology, will leverage her experience from notable companies like Arm, Microsoft, and Google to guide QuickLogic's growth. The company focuses on developing low power, multi-core semiconductor platforms and IP for AI and sensor processing. CEO Brian Faith expressed confidence in Kim's ability to drive the company's initiatives in semiconductor IP and AI/ML SaaS products.