Quicklogic Stock Price, News & Analysis

QuickLogic (NASDAQ: QUIK) has secured a $1.1M contract to provide embedded FPGA (eFPGA) IP to a new Defense Industrial Base customer. The IP, targeting GlobalFoundries' 12LP, 12nm low-power process, is scheduled for delivery in Q2 2025.

The company will leverage its three-decade experience in providing SWaP-C-optimized programmable logic solutions to the defense sector. The eFPGA Hard IP offering spans multiple fabrication processes, enabling quick design-specific solutions while minimizing program risk.

QuickLogic (NASDAQ: QUIK) reported its Q4 and full-year 2024 financial results. Q4 revenue was $5.7 million, down 23.7% year-over-year but up 33.5% quarter-over-quarter. The company secured a $1.1 million eFPGA Hard IP contract with a new defense customer and received a $6.6 million fourth tranche from the US Government's Strategic Radiation Hardened FPGA Technology contract.

Q4 2024 financial highlights include:

• New product revenue: $4.7 million, down 31.8% YoY
• GAAP gross margin: 59.8%
• GAAP net loss: ($0.3 million) or ($0.02) per share
• Non-GAAP net income: $0.6 million or $0.04 per share

The company expects to achieve non-GAAP profitability and positive cash flow for full-year 2025, supported by its eFPGA Hard IP portfolio across six fabrication processes.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP and ruggedized FPGAs and Endpoint AI solutions, has scheduled its fourth quarter fiscal 2024 financial results conference call for Tuesday, February 25, 2025 at 5:30 p.m. ET/2:30 p.m. PT.

The company will participate in two upcoming investor events: the Oppenheimer 10th Annual Emerging Growth Conference on February 26 (virtual 1-1 meetings) and the Starting Five Virtual #4 Conference on March 6. A webcast of the earnings call will be available on QuickLogic's IR Site Events Page for 12 months, and interested investors can contact QuickLogic Investor Relations for participation details.

QuickLogic (NASDAQ: QUIK) has announced the release of Aurora 2.9, an enhanced version of its eFPGA design software tool. The update introduces several key improvements, including a BlockRAM and DSP IP Configurator for better on-chip memory and DSP functions integration, up to 2X faster Place and Route (P&R) tools runtime, and custom function support through LUT macros.

The new version features improved Integrated Path Analysis (IPA) startup time and includes optional Synopsys Synplify logic synthesis in the Aurora PRO version. These enhancements aim to improve Quality of Results (QoR) and resource utilization efficiency, particularly benefiting engineers familiar with Synplify synthesis tools.

QuickLogic (NASDAQ: QUIK) has announced the integration of Synopsys Synplify® synthesis tool into its FPGA User Tools. This strategic integration aims to enhance QuickLogic's design environment by accelerating FPGA-based design cycles and improving Power, Performance, and Area (PPA) metrics.

The integration provides several key advantages, including enhanced Quality of Results (QoR) through Synplify's synthesis algorithms that maximize logic efficiency, performance, power consumption, and silicon area. Additionally, as Synplify is an industry-leading FPGA Synthesis tool, developers familiar with it can expect a faster, smoother synthesis cycle to meet project timelines.

QuickLogic (NASDAQ: QUIK) has announced its participation at the Chiplet Summit from January 21-23, 2025, at the Santa Clara Convention Center. The company, collaborating with YorChip, will showcase its FPGA, eFPGA, and IP solutions at Booth #323, demonstrating how these technologies serve as building blocks for creating low-power, flexible chiplets.

The exhibition will highlight three key aspects: the Known Good Chiplet Storefront featuring compatible chiplets with Universal PHY™ support, their Platform & Ecosystem that accelerates time-to-market, and Heterogeneous Integration capabilities for combining diverse technologies into unified solutions.

QuickLogic (NASDAQ: QUIK) has announced a new distribution agreement with Magenta Technology , expanding its market presence in Turkiye and the UAE. The partnership aims to deliver QuickLogic's embedded FPGA (eFPGA) Hard IP and ruggedized FPGA solutions to key sectors including defense, aerospace, and telecommunications in these regions.

The collaboration leverages Magenta's local expertise and extensive customer base in the Middle East, with the Ankara-based company serving as a critical technologies and components supplier. Owen Bateman, QuickLogic's VP of worldwide sales, highlighted the strategic importance of reaching key target customers through Magenta's regional presence, while Magenta's Managing Partner Volkan Tunarli emphasized the value addition to their portfolio.

QuickLogic (NASDAQ: QUIK) announced its Board of Directors is exploring strategic options for its wholly-owned subsidiary, SensiML, including potential sale discussions with strategic partners. The decision comes as QuickLogic aims to focus entirely on its core eFPGA Hard IP and ruggedized FPGA business.

The strategic shift is driven by recent successes, including eFPGA Hard IP design wins with strategic customers, expansion of government contracts, performance improvements in eFPGA Hard IP products, changes in the competitor landscape, and increased customer interest from former competitors' clients.

While SensiML's AI/ML capabilities initially aligned with QuickLogic's sensor processing focus, the company has decided to redirect all resources toward its core business model and Storefront opportunities due to the profitability of its eFPGA Hard IP and ruggedized FPGA products.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs and Endpoint AI solutions, has announced its participation in two upcoming investor conferences. Management will present at the 27th Annual Needham Growth Conference in New York City on January 15, 2025, at 3:45 PM ET at the Lotte NY Palace Hotel. Additionally, the company will participate in the virtual Oppenheimer 10th Annual Emerging Growth Conference on February 26, 2025, offering one-on-one meetings.

Interested investors can contact QuickLogic Investor Relations or their Needham and Oppenheimer representatives to participate. A webcast of the Needham conference presentation will be available on the company's investor relations website, along with the investor presentation materials.