Welcome to our dedicated page for QuickLogic Corporation news (Ticker: $QUIK), a resource for investors and traders seeking the latest updates and insights on QuickLogic Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect QuickLogic Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) has been selected by a large multi-national company for eFPGA IP targeting the TSMC N12e, 12nm process. The IP delivery for this contract is scheduled for fiscal year 2024. QuickLogic's eFPGA technology offers advantages in AI data acceleration, power consumption, and throughput compared to software solutions and processors. The company's experience and proprietary IP Generator position it well to assist customers in accelerating development schedules and reducing risks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.39%
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Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) has been selected by a top-tier Defense Industrial Base company for eFPGA IP targeting GlobalFoundries' 12LP process. The IP delivery is scheduled for fiscal year 2024. QuickLogic's CEO, Brian Faith, highlighted the company's long-standing relationship with the Defense Industrial Base, emphasizing optimized SWaP-C solutions. Leveraging their Australis IP Generator, QuickLogic aims to meet the specific requirements of the mission.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.29%
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Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) reported record GAAP and non-GAAP net income for fiscal Q4 2023, with revenue growth of 31% for fiscal 2023. The company announced a new IP contract targeting 12nm fabrication node and saw a significant increase in gross profit. QuickLogic's sales funnel grew to a record $168 million, and the line of credit was increased to $20 million. The CEO anticipates continued growth and profitability in 2024 and beyond.
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Rhea-AI Sentiment
End-of-Day
23.29%
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QuickLogic Corporation (NASDAQ: QUIK) to discuss Q4 and fiscal year 2023 financial results in a conference call on February 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.4%
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Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) will participate in the upcoming Chiplet Summit in Santa Clara, CA, with CEO Brian Faith as a distinguished panelist. The company will also have a booth with its partner, YorChip, showcasing their partnership leveraging QuickLogic's eFPGA IP technology to create the first UCIe-compatible FPGA chiplet ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
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Rhea-AI Summary
SensiML Corporation (NASDAQ: QUIK) launches Data Studio, a platform for collaborative sensor data management, analysis, and modeling, aiming to redefine the landscape of sensor data management. The platform offers real-time connectivity, intuitive visualization tools, and robust support for large-scale collaborative projects, significantly improving productivity and simplifying dataset management for developers on edge devices, gateways, PCs, and cloud platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
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QuickLogic Corporation (NASDAQ: QUIK) announced the Seventh Amendment to its credit facility, increasing the line of credit from $15M to $20M and extending the maturity date from December 31, 2024, to December 31, 2025. The company received continued support from Heritage Bank, providing enhanced operational flexibility for business needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.05%
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Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) CEO Brian Faith will be speaking at the International Conference on Field Programmable Technology (FPT'23) in Yokohama, Japan. The presentation will focus on open-source FPGA development and its potential impact on innovation and growth in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.8%
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Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) has been selected by a leading global semiconductor company for an eFPGA IP targeting the UMC 22nm platform. QuickLogic's eFPGA IP solution, powered by the Australis™ IP generator, was chosen for its ability to deliver a customized eFPGA IP version within one quarter of contract signing, and the short time for creating subsequent eFPGA IPs based on this configuration. The selection of our eFPGAs for this UMC 22nm-based project further underscores the strength of the QuickLogic technology and the Australis IP generator.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.2%
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QuickLogic Corporation (NASDAQ: QUIK) Releases Aurora eFPGA Development Tool Suite Version 2.4 with Enhanced Utilization and Performance
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.02%
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QuickLogic Corporation
Nasdaq:QUIK
QUIK Rankings
QUIK Stock Data
171.66M
13.16M
8.57%
26.17%
8.73%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
SAN JOSE
About QUIK
quicklogic corporation (nasdaq: quik) is the inventor and pioneer of innovative, customizable semiconductor solutions for mobile and portable electronics oems and odms. these silicon plus software solutions are called customer specific standard products(cssps). cssps enable our customers to bring their products to market more quickly and remain in the market longer, with the low power, cost and size demanded by the mobile and portable electronics market.