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.
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.
QuickLogic Corporation (NASDAQ: QUIK) announced that aiSensing has developed an AI-driven Industrial IoT solution for predictive maintenance applications. Utilizing QuickLogic's EOS™ S3 multi-core SoC and SensiML Analytics Toolkit, the solution monitors equipment status and detects fault modes without cloud reliance. The AI vibration sensor improves operational efficiency and reduces unnecessary maintenance costs. aiSensing's smart sensor is durable and suitable for various manufacturing applications, underscoring the significance of AI in Industry 4.0.
QuickLogic Corporation (NASDAQ: QUIK) announced its Q1 fiscal 2021 results, reporting revenues of $2.2 million, down 10% from Q4 2020, but up 4% year-over-year. New product revenue surged by 28% from Q4 2020 to reach $1.1 million, and increased 121% year-over-year due to growth in sensor and connectivity products. GAAP gross margin improved to 51.1%, while operating expenses decreased to $3.8 million. The net loss narrowed to $1.7 million, or $0.15 per share, compared to $3.2 million in Q1 2020. The company also gained $1.2 million from PPP loan forgiveness.
QuickLogic Corporation (NASDAQ: QUIK), a leader in ultra-low power multi-core voice-enabled SoCs and AI solutions, announces participation in key investor events. CEO Brian Faith will speak at the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, at 6:30 a.m. PT, followed by the 7th Annual ROTH London Conference on June 21, 2021. One-on-one meetings will be available for investors. Details can be found on the company’s investor relations website.