Quicklogic Stock Price, News & Analysis

QuickLogic Corporation (NASDAQ: QUIK) announced that two long-time investors acquired 198,664 shares in separate private placements, raising approximately $1.08 million. This investment supports QuickLogic's eFPGA growth initiatives, following a recent $2 million eFPGA contract. The firm expects fiscal third-quarter revenue to range between $3.8 million and $3.9 million, slightly above prior guidance. Cash usage is projected at $500,000 to $700,000, excluding financing effects. All projections are preliminary and subject to final financial statement completion.

QuickLogic Corporation (NASDAQ: QUIK) announced a global distribution agreement with Digi-Key Electronics on September 29, 2021. This partnership will enable easier access to QuickLogic's EOS S3 low power microcontrollers, which utilize open-source software, expanding their global reach. The EOS S3, along with the QuickFeather and Qomu Development Kits, supports low-power voice applications and machine learning in IoT devices. CEO Brian Faith emphasized that this agreement is a significant step in QuickLogic's global growth strategy, aiming to provide better access to their products worldwide.

SensiML Corporation, a leading AI tool developer for IoT endpoints, announces its participation in the Works With 2021 conference, hosted by Silicon Labs on September 14-15. SensiML will sponsor and lead a hands-on workshop on September 15, focusing on integrating Predictive Maintenance in smart building devices using TinyML. The event gathers industry leaders to share insights on smart home, smart city, and IIoT products. Attendees will engage in practical sessions and connect with experts.

QuickLogic Corporation (NASDAQ: QUIK) has launched the Australis embedded FPGA (eFPGA) IP Generator, enhancing its offerings in programmable logic technology. This innovative tool enables ASIC/SoC developers to create customized eFPGA IP efficiently, promising fast time-to-market and cost-effective solutions. With features based on the OpenFPGA framework, Australis supports a variety of foundries, optimizing for power, performance, and area. The launch comes amid semiconductor supply challenges, positioning QuickLogic favorably in a competitive landscape.

QuickLogic Corporation (NASDAQ: QUIK) will have its President and CEO, Brian Faith, participate in the H.C. Wainwright 23rd Annual Global Investment Conference on September 13, 2021. This virtual event is scheduled from 9:30 a.m. to 1:00 p.m. ET. An on-demand presentation will be available starting at 7:00 a.m. ET on the same day. Interested investors can contact QuickLogic Investor Relations for one-on-one meetings. QuickLogic specializes in ultra-low power multi-core SoCs and AI solutions.

QuickLogic Corporation (NASDAQ: QUIK) announced a $2 million eFPGA contract on September 1, 2021. The revenue from this contract is set to be recognized in the second half of fiscal 2021, maintaining previously provided guidance. This contract follows QuickLogic's QORC initiative, launched in June 2020, which emphasizes open-source development tools for FPGA technology. The customer selected QuickLogic after a thorough evaluation of competitors, underscoring the company's expertise in programmable logic devices. This partnership aims to support the customer's innovative product development.

QuickLogic Corporation (NASDAQ: QUIK) announced a partnership with Rubidium Ltd. to deliver an advanced voice recognition solution. This collaboration combines QuickLogic's EOS™ S3 platform with Rubidium's Voice User Interface software, enabling developers to easily add voice interface capabilities to IoT devices. The solution is optimized for low power consumption and works efficiently even in noisy environments, making it ideal for battery-operated applications. The offering supports multilingual recognition and is suitable for various sectors, including wearables and smart home devices.

QuickLogic Corporation (NASDAQ: QUIK) reported its Q2 fiscal 2021 financial results, achieving a record revenue of $2.9 million, a 31% increase year-over-year. New product revenue reached approximately $1.3 million, marking a 54% year-over-year growth. GAAP gross margin stood at 50.9% while operating expenses decreased to $3.4 million. Despite the revenue growth, the company reported a GAAP net loss of $2.1 million, increasing from the previous quarter's loss of $1.7 million. A conference call is scheduled to discuss the results further.

QuickLogic Corporation (NASDAQ: QUIK) has announced a conference call set for August 17, 2021, at 5:30 p.m. ET to discuss its second quarter fiscal year 2021 financial results. The company specializes in ultra-low power multi-core voice-enabled SoCs, embedded FPGA IP, and Endpoint AI solutions.

The call will be accessible via dial-in and will also have a replay option available until August 24, 2021. A webcast will be available on QuickLogic's IR site for a duration of 12 months.