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.
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.
QuickLogic Corporation (NASDAQ: QUIK) announced a partnership with Zifisense to launch the ZETA TinyML development kit, aimed at enhancing IoT applications in China. This kit is based on Zifisense's ZETA LPWAN technology, addressing key challenges like power consumption and wide-area coverage. Powered by QuickLogic's EOS S3AI, the development kit supports real-time processing for various applications including environmental monitoring and predictive maintenance. Available in September 2021, the ZETA kit is designed for enterprises and developers seeking efficient, low-power solutions for embedded AI.
SensiML Corporation has signed a worldwide distribution agreement with Digi-Key Electronics, allowing Digi-Key to offer the Basic Edition of SensiML's Analytics Toolkit. This toolkit enables developers to build AI-based sensor applications efficiently through a three-step process: Data Capture Lab, Analytics Studio, and TestApp. The quarterly SaaS plan is designed to cater to small and mid-tier innovators, facilitating the rapid development of AI solutions for IoT products. The partnership aims to enhance customer reach and drive growth for SensiML.
SensiML Corporation, a developer of AI tools for IoT applications, has partnered with Microchip Technology to enhance AI code development for smart industrial and consumer IoT. This collaboration simplifies the integration of SensiML's Analytics Toolkit with Microchip's MPLAB X IDE, allowing developers to efficiently generate AI models using minimal power and memory. The combined tool suite supports a range of microcontrollers, with the SAM-IoT WG Development Board currently available. This partnership aims to transform sensor data into actionable insights, catering to diverse applications.