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 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.
SensiML Corporation has launched an Open Source Initiative aimed at accelerating the adoption of TinyML smart sensing IoT applications. This initiative enhances developers' control and insight over their machine learning workflows, ensuring transparency and efficiency. Key components introduced include SensiML Open Gateway, Open Data Interfaces, and Open Mobile TestApp, available immediately, while the Open Source Embedded SDK is set to release later this summer. This initiative is expected to simplify AI adoption at the IoT edge.
QuickLogic Corporation (NASDAQ: QUIK), a leader in ultra-low power multi-core SoCs and AI solutions, will participate in Oppenheimer's 6th Annual Emerging Growth Conference on May 11, 2021. CEO Brian Faith will be available for one-on-one meetings from 9:55 a.m. to 4:25 p.m. ET. Interested investors can contact QuickLogic's Investor Relations or Oppenheimer representatives to schedule meetings. The company specializes in low power semiconductor platforms and AI technologies, offering solutions for various applications including mobile and IoT.
QuickLogic Corporation (NASDAQ: QUIK) has announced a conference call to discuss its first-quarter fiscal year 2021 financial results, scheduled for May 18, 2021, at 5:30 p.m. ET. Investors can access the call via a toll-free number or through a webcast available on the company's investor relations site. QuickLogic specializes in ultra-low power multi-core semiconductor platforms and AI solutions, integrating eFPGA technology with various processing capabilities to enhance efficiency in IoT applications.
QuickLogic Corporation (NASDAQ: QUIK) announced its membership in the Open Source FPGA Foundation as a founding and Premier Member. This initiative aims to advance open-source FPGA capabilities by fostering collaboration among companies and universities. As a Premier Member, QuickLogic will join the Foundation's Board of Directors, enhancing its commitment to the open-source FPGA movement. QuickLogic is recognized for its ultra-low power semiconductor solutions and has actively embraced open-source tools through its QORC Initiative, promoting innovation in the FPGA technology space.
QuickLogic Corporation (NASDAQ: QUIK) has entered a worldwide distribution agreement with Mouser Electronics. This partnership allows design engineers to easily access QuickLogic’s EOS S3 low power microcontrollers and development kits, all supported by open source software. The EOS S3 platform is tailored for AI inferencing, voice applications, and IoT. CEO Brian Faith highlighted that Mouser's distribution model will facilitate faster product availability, enhancing design efficiency for customers. The agreement is effective immediately, aiming to streamline product access.
QuickLogic Corporation (NASDAQ: QUIK) announced its participation in the GOMACTech 21 virtual conference from March 29 to April 1, 2021. The event focuses on microcircuit applications for government systems, primarily for the Department of Defense. QuickLogic will showcase its ultra-low power, multi-core voice-enabled SoCs, embedded FPGA (eFPGA) IP, and AI solutions aimed at military, aerospace, and defense applications. The company's technology allows for on-chip reprogrammability, enhancing product longevity and adaptability.
SensiML Corporation has teamed up with Silicon Labs to expedite the creation of TinyML smart IoT applications. Their collaboration utilizes the Thunderboard Sense 2 IoT Development Kit in conjunction with the SensiML Analytics Toolkit, allowing developers to create efficient AI sensor processing code for edge devices. This partnership aims to enhance application areas such as predictive maintenance, health monitoring, and sound detection. The solutions provided will significantly reduce development time, simplify the integration of AI/ML features, and accelerate market readiness.
SensiML Corporation, a leader in AI tools for IoT, announced that CEO Chris Rogers will participate as a panelist on the "tinyML for Good – Conservation & Climate" panel at the virtual tinyML Summit 2021 on March 23. Additionally, he will present on March 25 about production-worthy tools for creating AI at the IoT edge, focusing on the capabilities of the SensiML Analytics Toolkit. This toolkit aids in developing smart IoT products through efficient data handling and AI model generation.