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 second amendment to its credit facility on December 16, 2020. The deal extends the maturity date from September 28, 2021, to September 28, 2022, while reducing the interest rate to 0.50% above the Prime Rate. CFO Sue Cheung stated that this favorable amendment will aid in focusing on business operations and supports long-term growth and profitability targets by the end of 2021.
SensiML Corporation has announced the launch of a free version of its SensiML Analytics Toolkit called Community Edition, aimed at IoT developers. This version includes a lifetime license and allows developers to create and evaluate AI models utilizing their own or community datasets.
CEO Chris Rogers emphasized the importance of leveraging AI for intelligent IoT products. The Community Edition includes features of paid versions but is tailored for low-volume experimentation. More details and account creation can be done on their website.
QuickLogic Corporation (NASDAQ: QUIK) announced that CEO Brian Faith will participate in a keynote panel at the RISC-V Summit on December 8, 2020, alongside representatives from Google and other tech entities. The presentation will focus on building an open edge machine learning ecosystem using RISC-V technology. QuickLogic will also host a virtual booth at the summit, collaborating with members of OpenHW Group to showcase updates on open-source CORE-V processor IP cores. This participation signals QuickLogic's commitment to advancing technology in AI and embedded systems.
QuickLogic Corporation (NASDAQ: QUIK) announced its executive team's participation in the Oppenheimer 5G Summit: The Revolution Begins on December 15, 2020. The presentation will take place from 1:35 p.m. to 2:15 p.m. PT (4:35 p.m. to 5:15 p.m. ET). A webcast of this presentation will be available on QuickLogic's IR site. Investors interested in one-on-one meetings can contact QuickLogic's Investor Relations. QuickLogic focuses on low power, multi-core semiconductor platforms and AI solutions.
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QuickLogic Corporation (NASDAQ: QUIK) reported its financial results for Q3 2020, revealing total revenue of $1.8 million, a decrease of 19% from Q2 and 18% year-over-year. New product revenue fell to $0.7 million, down 22% from Q2 and 37% year-over-year. Mature product revenue was $1.1 million, a 17% decline from Q2 but flat compared to last year. Despite a GAAP net loss of $2.1 million, the company improved its gross margin to 51.9%. The operating expenses decreased to $3.0 million, indicating improved cost management.
QuickLogic Corporation (NASDAQ: QUIK) announced participation in two upcoming investor events. The first is the ROTH Capital Partners Technology Virtual Event on November 11-12, 2020, where CEO Brian Faith will speak on the panel titled IoT 'Touchless' Voice in COVID Era. The second event is the 11th Annual Craig-Hallum Alpha Select Conference on November 17, 2020. One-on-one meetings will be available at both events for investors interested in discussing the company's low power, multi-core semiconductor solutions for AI, voice, and sensor processing.
QuickLogic Corporation (NASDAQ: QUIK) has launched its ArcticPro™ 3 embedded FPGA (eFPGA) IP, optimized for the Samsung 28nm FD-SOI process. This new technology enables OEMs and semiconductor firms to integrate eFPGA capabilities into their ASICs/SoCs, enhancing system performance while reducing cost and power consumption for Edge AI applications. The ArcticPro 3 features a homogenous architecture and supports embedded RAM and multiply-accumulate blocks for efficient hardware acceleration. The technology is now available, offering significant improvements in performance and power management.
QuickLogic Corporation (NASDAQ: QUIK) announced its membership in the Samsung Advanced Foundry Ecosystem (SAFE) IP Partner Program. This partnership enables QuickLogic's ArcticPro 3 eFPGA technology to be available on Samsung's 28nm FD–SOI process. The integration allows OEMs to enhance system performance while minimizing power consumption and costs. ArcticPro 3 eFPGA is designed to boost device performance and supports comprehensive software development through QuickLogic's tools. This collaboration is anticipated to provide competitive advantages to both companies in the SoC market.
QuickLogic Corporation (NASDAQ: QUIK) announced that Sr Director of Product Marketing, Mao Wang, will present at the Samsung SAFE Forum on October 28, 2020, from 12:00 noon to 6:00 p.m. The virtual event focuses on innovative technology solutions across various sectors, including IoT and 5G. Wang's presentation will cover how eFPGA technology can enhance AI endpoint applications, particularly in vision-based tasks like face detection. QuickLogic aims to improve performance and energy efficiency in battery-powered devices using custom hardware accelerators.