Quicklogic Stock Price, News & Analysis

QuickLogic (NASDAQ: QUIK), a leader in embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, has announced its participation in GlobalFoundries' annual Technology Summit in Munich on September 18, 2024. The company will be exhibiting at Booth 19, showcasing its Bespoke eFPGA IP Core, which supports multiple GF processes and can be custom-tailored for various applications.

QuickLogic's eFPGA IP can be implemented on multiple process nodes, including 65nm, 40nm, 22FDX®, and 12LP/LP+. This versatility enables its use across diverse industries, from aerospace and defense to industrial applications. Attendees will have the opportunity to discuss their specific needs with experts and explore how programmable logic can benefit their projects.

QuickLogic (NASDAQ: QUIK) reported a 41% year-over-year revenue growth for Q2 fiscal 2024. Total revenue reached $4.1 million, with new product revenue at $3.1 million, up 36.9% from Q2 2023. The company's GAAP gross margin improved to 51.0% from 41.2% in Q2 2023. QuickLogic reported a GAAP net loss of $1.6 million, or ($0.11) per share, compared to a net loss of $2.3 million in Q2 2023. Notable achievements include joining Intel Foundry Accelerator IP and USMAG Alliance Programs, receiving a $5.26 million contract tranche, and expanding global distribution partnerships. The company also highlighted growth in its sales funnel to $189 million.

QuickLogic (NASDAQ: QUIK) has announced a strategic partnership with CTG, a division of Blue Raven Solutions, to strengthen the aerospace and defense supply chain. CTG will be the sole source distributor for QuickLogic's embedded FPGA (eFPGA) Hard IP in this sector. This collaboration aims to provide customizable solutions for ruggedized SoCs and ASICs, addressing obsolescence challenges and enhancing flexibility in mission-critical applications.

The partnership leverages CTG's industry experience and network to connect QuickLogic's eFPGA IP solutions with key players in aerospace and defense. QuickLogic's technology offers programmable logic and custom eFPGA IP cores, enabling tailored solutions that can reduce system costs, extend product lifecycles, and lower power consumption for mission-critical applications.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs, and Endpoint AI solutions, has announced its second quarter fiscal 2024 financial results conference call scheduled for August 13, 2024, at 5:30 p.m. ET. The company will also participate in several upcoming investor conferences in the third quarter of 2024, including:

• Oppenheimer Annual Technology, Internet & Communications Conference (August 14)
• Needham Semiconductor & SemiCap 1x1 Conference (August 21/22)
• Jefferies Semiconductor, IT Hardware & Communications Technology Conference (August 27)
• H.C. Wainwright 26th Annual Global Investment Conference (September 10/13)

Webcasts and investor presentations will be accessible from QuickLogic's Investors section on their website.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, has signed a distribution agreement with Astute Electronics. This partnership aims to expand QuickLogic's global reach by supporting customers across Europe, Australia, Israel, Turkey, and New Zealand.

Astute Electronics, an expert in electronic component procurement and distribution, will deliver QuickLogic's solutions to diverse customers, particularly in Aerospace and Defense sectors. The collaboration is expected to enhance the accessibility of QuickLogic's FPGAs and eFPGA Hard IP in key regions, ensuring excellent customer service and support.

SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), has introduced a new generative AI feature in its Data Studio application for IoT edge devices. This innovative text-to-speech (TTS) and AI voice generation capability allows developers to create hyper-realistic synthetic speech datasets for building robust keyword recognition, voice command, and speaker identification models on low-power microcontrollers.

The new feature leverages ElevenLabs' speech generation technology to simplify the creation of large, high-quality datasets with customizable voice attributes. This advancement accelerates time-to-market for voice-enabled IoT devices by eliminating the need for manual recording of diverse speakers. The generated datasets are compatible with SensiML's Analytics Studio and open-source AutoML tool, Piccolo AI™, facilitating seamless model deployment.

Everspin Technologies (NASDAQ: MRAM) has secured a $1.8 million contract with QuickLogic (NASDAQ: QUIK) to provide its AgILYST MRAM technology, logic design, and manufacturing services for developing a Strategic Radiation Hardened (SRH) FPGA. This contract is part of a larger $5.26 million Strategic Radiation Hardened Contract awarded to QuickLogic by the Department of Defense (DoD).

The project aims to support current and future DoD strategic and space system requirements. Everspin's involvement builds on its 12 years of experience in delivering MRAM IP for strategic radiation hardened and space applications. The collaboration also includes Honeywell, focusing on integrating MRAM directly into the FPGA product for DoD applications.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, has announced its participation in the Nuclear and Space Radiation Effects Conference (NSREC) in Ottawa. The company will be exhibiting at Booth #200 on July 23-24, 2024, at the Shaw Centre. QuickLogic aims to showcase how its solutions are enhancing next-generation aerospace and defense applications with superior reliability and performance in radiation-hardened environments.

QuickLogic (NASDAQ: QUIK) has announced a new distribution agreement with Spur Microwave Inc. (Spur India) to expand its presence in the Indian market. Spur India, a prominent electronics distributor with over 25 years of experience, will now offer QuickLogic's innovative semiconductor products, including FPGAs and eFPGA Hard IP, throughout India.

This partnership aims to provide direct access to QuickLogic's products for customers in the region, particularly for space, avionics, and harsh environment applications where reliability is critical. The collaboration is expected to drive innovation and growth in the Indian electronics market, leveraging Spur India's expertise and QuickLogic's advanced semiconductor solutions.