QuickLogic Reports Fiscal Third Quarter 2025 Financial Results
QuickLogic (NASDAQ: QUIK) reported fiscal Q3 2025 results for the quarter ended September 28, 2025, showing a sharp revenue decline and widened losses.
Total revenue was $2.0M, down 51.8% year‑over‑year and down 45.0% sequentially. New product revenue fell to about $1.0M (-72.6% YoY). GAAP gross margin was −23.3% and non‑GAAP gross margin was −11.9%. GAAP operating expenses were $3.5M; non‑GAAP operating expenses were $2.9M. GAAP net loss was $4.0M (−$0.24/share); non‑GAAP net loss was $3.2M (−$0.19/share).
Highlights include a $1M eFPGA Hard IP contract, renewed USG Strategic Rad Hard FPGA activity expected to help Q4, expanded defense engagements, and a new board appointment.
QuickLogic (NASDAQ: QUIK) ha pubblicato i risultati fiscali del terzo trimestre 2025 per il trimestre terminato il 28 settembre 2025, mostrando un forte calo dei ricavi e perdite ampliate.
I ricavi totali sono stati $2.0M, in calo del 51.8% su base annua e del 45.0% rispetto al trimestre precedente. I ricavi da nuovi prodotti sono scesi a circa $1.0M (-72.6% YoY). Il margine lordo GAAP è stato −23.3% e il margine lordo non-GAAP è stato −11.9%. Le spese operative GAAP sono state $3.5M; le spese operative non-GAAP sono state $2.9M. La perdita netta GAAP è stata $4.0M (-$0.24/azione); la perdita netta non-GAAP è stata $3.2M (-$0.19/azione).
Evidenze includono un contratto $1M eFPGA Hard IP, attività FPGA Rad Hard strategica rinnovata USG che si prevede aiuti il Q4, impegni di difesa ampliati e una nuova nomina nel consiglio.
QuickLogic (NASDAQ: QUIK) reportó resultados del tercer trimestre fiscal de 2025 para el trimestre terminado el 28 de septiembre de 2025, mostrando una caída pronunciada de ingresos y pérdidas ampliadas.
Los ingresos totales fueron $2.0M, 51.8% menos interanual y 45.0% menos secuencialmente. Los ingresos por nuevos productos cayeron a aproximadamente $1.0M (-72.6% interanual). El margen bruto GAAP fue −23.3% y el margen bruto no GAAP fue −11.9%. Los gastos operativos GAAP fueron $3.5M; los gastos operativos no GAAP fueron $2.9M. La pérdida neta GAAP fue $4.0M (-$0.24/acción); la pérdida neta no GAAP fue $3.2M (-$0.19/acción).
Entre los aspectos destacados se incluye un contrato de $1M eFPGA Hard IP, la renovación de la actividad de FPGA Rad Hard estratégica de USG que se espera que ayude en el Q4, expansiones en compromisos de defensa y un nuevo nombramiento en la junta.
QuickLogic (NASDAQ: QUIK)는 2025년 9월 28일 종료된 2025 회계연도 3분기에 대한 실적을 발표했습니다. 매출은 급격히 감소하고 손실은 확대되었습니다.
총 매출은 $2.0M이며 전년 대비 51.8% 감소했고 직전 분기 대비 45.0% 감소했습니다. 신제품 매출은 약 $1.0M로 떨어졌습니다 (-72.6% YoY). GAAP 매 gross margin은 −23.3%, 비-GAAP 매 gross margin은 −11.9%였습니다. GAAP 영업비용은 $3.5M; 비-GAAP 영업비용은 $2.9M. GAAP 순손실은 $4.0M (−$0.24/주당); 비-GAAP 순손실은 $3.2M (−$0.19/주당).
주요 하이라이트로는 $1M eFPGA Hard IP 계약, 미국 정부의 전략적 Rad Hard FPGA 활동 재개가 4분기 실적에 도움을 줄 것으로 기대, 방위 계약 확대, 그리고 이사회 보임이 포함됩니다.
QuickLogic (NASDAQ: QUIK) a publié les résultats du troisième trimestre fiscal 2025 pour le trimestre se terminant le 28 septembre 2025, montrant une forte baisse du chiffre d'affaires et des pertes élargies.
Le chiffre d'affaires total était $2.0M, en baisse de 51.8% sur un an et de 45.0% en glissement séquentiel. Le chiffre d'affaires des nouveaux produits est tombé à environ $1.0M (-72.6% sur un an). La marge brute GAAP était −23.3% et la marge brute non-GAAP était −11.9%. Les frais d'exploitation GAAP s'élevaient à $3.5M; les frais d'exploitation non-GAAP s'élevaient à $2.9M. La perte nette GAAP était $4.0M (-$0.24 par action) ; la perte nette non-GAAP était $3.2M (-$0.19 par action).
Parmi les points forts figuraient un contrat $1M eFPGA Hard IP, l'activité FPGA Rad Hard stratégique renouvelée par le USG qui devrait aider le T4, des engagements de défense élargis et une nouvelle nomination au conseil.
QuickLogic (NASDAQ: QUIK) hat die Finanzergebnisse des dritten Quartals 2025 für das am 28. September 2025 endende Quartal gemeldet, die einen deutlichen Umsatzrückgang und erweiterte Verluste zeigen.
Der Bruttoumsatz betrug $2.0M, ein Rückgang von 51.8% gegenüber dem Vorjahr und 45.0% gegenüber dem Vorquartal. Einnahmen aus Neuprodukten sanken auf ca. $1.0M (-72.6% YoY). GAAP-Bruttomarge betrug −23.3% und non-GAAP Bruttomarge betrug −11.9%. GAAP Betriebskosten betrugen $3.5M; non-GAAP Betriebskosten betrugen $2.9M. GAAP-Nettoverlust betrug $4.0M (-$0.24/Aktie); non-GAAP Nettoverlust betrug $3.2M (-$0.19/Aktie).
Zu den Highlights gehört ein $1M eFPGA Hard IP-Vertrag, erneuerte USG Strategic Rad Hard FPGA-Aktivitäten, die voraussichtlich im Q4 helfen werden, erweiterte Verteidigungsengagements und eine neue Vorstandsbestellung.
QuickLogic (NASDAQ: QUIK) أبلغت عن نتائج الربع الثالث من السنة المالية 2025 للربع المنتهي في 28 سبتمبر 2025، مع انخفاض حاد في الإيرادات وتوسيع الخسائر.
إجمالي الإيرادات كان $2.0M، بانخفاض 51.8% على أساس سنوي وبانخفاض 45.0% على أساس ربع سنوي. بلغت عائدات المنتج الجديد حوالي $1.0M (-72.6% على أساس سنوي). هامش الربح الإجمالي GAAP كان −23.3% وهامش الربح الإجمالي غير GAAP كان −11.9%. كانت مصاريف التشغيل GAAP $3.5M؛ ومصاريف التشغيل غير GAAP $2.9M. صافي الخسائر GAAP كان $4.0M (-$0.24/سهم)؛ صافي الخسائر غير GAAP كان $3.2M (-$0.19/سهم).
تشمل النقاط البارزة عقد $1M eFPGA Hard IP، وتجديد نشاط FPGA Rad Hard الاستراتيجي الخاص بـ USG الذي من المتوقع أن يساعد في الربع الرابع، وتوسيع الالتزامات الدفاعية، وتعيين جديد في مجلس الإدارة.
- Won a $1.0M eFPGA Hard IP contract
- Expanded engagement with a defense cyber‑security entity
- Renewed USG Strategic Rad Hard FPGA program expected to boost Q4
- Total revenue down 51.8% YoY to $2.0M
- New product revenue down 72.6% YoY to ~$1.0M
- GAAP gross margin swung to −23.3%
- GAAP net loss widened to $4.0M (−$0.24/share)
Insights
Revenue and margins fell sharply; contract wins and a rebounding government program could affect Q4 revenue.
QuickLogic reported total revenue of
Business drivers cited include a
Recent Highlights
- Won a
$1 million - Expanded our involvement with Defense Industrial Base entity specializing in cyber-security for strategic and tactical weapons systems
- A significant rebound of USG Strategic Radiation Hardened FPGA Program expected to contribute to fourth-quarter revenue growth
- Appointed Ron Shelton, CFO of Syntiant Corp., to the Board of Directors and Chair of the Audit Committee
"We have logged significant progress during the last three months," said Brian Faith, CEO of QuickLogic. "Our investment to accelerate the fabrication of our Strategic Rad Hard FPGA Test Chip is being very well received by potential customers. As a matter of fact, we anticipate receiving orders for our upcoming SRH FPGA Dev Kit, as well as several new eFPGA Hard IP contracts, during the coming weeks."
Fiscal Third Quarter 2025 Financial Results
Total revenue from continuing operations for the third quarter of fiscal 2025 was
New product revenue from continuing operations was approximately
Mature product revenue from continuing operations was
Third quarter 2025 GAAP gross margin from continuing operations was (
Third quarter 2025 non-GAAP gross margin from continuing operations was (
Third quarter 2025 GAAP operating expenses from continuing operations were
Third quarter 2025 non-GAAP operating expenses from continuing operations were
Third quarter 2025 GAAP net loss was (
Third quarter 2025 non-GAAP net loss was (
Conference Call
QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, November 11, 2025, to discuss its current financial results. The conference call will be webcast on QuickLogic's IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. No Passcode is needed to join the conference call. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13756624.
The call recording, which can be accessed by phone, will be archived through November 18, 2025, and the webcast will be available for 12 months on the Company's website.
About QuickLogic
QuickLogic is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.
QuickLogic uses its website (www.quicklogic.com), the company blog (https://www.quicklogic.com/blog/), corporate X account (@QuickLogic_Corp), Facebook page (https://www.facebook.com/QuickLogic), and LinkedIn page (https://www.linkedin.com/company/13512/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company's website and its social media accounts in addition to following the Company's press releases, SEC filings, public conference calls, and webcasts.
Non-GAAP Financial Measures
QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles, or
Management uses the non-GAAP measures, which exclude gains, losses, and other charges that are considered by management to be outside of the Company's core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company's future periods and serve as a basis for the allocation of the Company's resources, management of operations and the measurement of profit-dependent cash, and equity compensation paid to employees and executive officers.
Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures and may not be calculated in the same manner as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future profitability and cash flows, expectations regarding our future business and statements regarding the timing, milestones, and payments related to our government contracts, statements regarding the use of the Company's ATM program, and statements regarding our ability to successfully exit SensiML, and actual results may differ due to a variety of factors including: delays in the market acceptance of the Company's new products; the ability to convert design opportunities into customer revenue; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers' products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our ability to hire and retain qualified personnel; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters and other business interruptions that could disrupt supply or delivery of, or demand for, the Company's products; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company's public reports filed with the
QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.
CODE: QUIK-E
–Tables Follow –
|
QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited)
|
||||||||||||||||||||
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||||||
|
|
|
September |
|
|
September |
|
|
June 29, |
|
|
September |
|
|
September |
|
|||||
|
Revenue |
|
$ |
2,029 |
|
|
$ |
4,209 |
|
|
$ |
3,687 |
|
|
$ |
10,041 |
|
|
$ |
13,974 |
|
|
Cost of revenue |
|
|
2,501 |
|
|
|
1,721 |
|
|
|
2,733 |
|
|
|
7,682 |
|
|
|
5,440 |
|
|
Gross profit (loss) |
|
|
(472) |
|
|
|
2,488 |
|
|
|
954 |
|
|
|
2,359 |
|
|
|
8,534 |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
1,398 |
|
|
|
1,798 |
|
|
|
1,193 |
|
|
|
3,859 |
|
|
|
4,466 |
|
|
Selling, general and administrative |
|
|
2,057 |
|
|
|
2,292 |
|
|
|
1,962 |
|
|
|
6,555 |
|
|
|
6,738 |
|
|
Impairment charges |
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
|
300 |
|
|
|
— |
|
|
Restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
21 |
|
|
|
75 |
|
|
|
— |
|
|
Total operating expense |
|
|
3,455 |
|
|
|
4,090 |
|
|
|
3,476 |
|
|
|
10,789 |
|
|
|
11,204 |
|
|
Operating income (loss) |
|
|
(3,927) |
|
|
|
(1,602) |
|
|
|
(2,522) |
|
|
|
(8,430) |
|
|
|
(2,670) |
|
|
Interest expense |
|
|
(87) |
|
|
|
(187) |
|
|
|
(108) |
|
|
|
(292) |
|
|
|
(295) |
|
|
Interest and other (expense) income, net |
|
|
9 |
|
|
|
(26) |
|
|
|
(30) |
|
|
|
(28) |
|
|
|
(5) |
|
|
Income (loss) before income taxes |
|
|
(4,005) |
|
|
|
(1,815) |
|
|
|
(2,660) |
|
|
|
(8,750) |
|
|
|
(2,970) |
|
|
(Benefit from) provision for income taxes |
|
|
(1) |
|
|
|
13 |
|
|
|
1 |
|
|
|
5 |
|
|
|
14 |
|
|
Net income (loss) from continuing operations |
|
|
(4,004) |
|
|
|
(1,828) |
|
|
|
(2,661) |
|
|
|
(8,755) |
|
|
|
(2,984) |
|
|
Net income (loss) from discontinued operations, net of taxes and inclusive of |
|
|
(3) |
|
|
|
(266) |
|
|
|
(9) |
|
|
|
(113) |
|
|
|
(552) |
|
|
Net income (loss) |
|
$ |
(4,007) |
|
|
$ |
(2,094) |
|
|
$ |
(2,670) |
|
|
$ |
(8,868) |
|
|
$ |
(3,536) |
|
|
Net income (loss) from continuing operations per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.24) |
|
|
$ |
(0.13) |
|
|
$ |
(0.17) |
|
|
$ |
(0.55) |
|
|
$ |
(0.21) |
|
|
Diluted |
|
$ |
(0.24) |
|
|
$ |
(0.13) |
|
|
$ |
(0.17) |
|
|
$ |
(0.55) |
|
|
$ |
(0.21) |
|
|
Net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.24) |
|
|
$ |
(0.14) |
|
|
$ |
(0.17) |
|
|
$ |
(0.56) |
|
|
$ |
(0.25) |
|
|
Diluted |
|
$ |
(0.24) |
|
|
$ |
(0.14) |
|
|
$ |
(0.17) |
|
|
$ |
(0.56) |
|
|
$ |
(0.25) |
|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
16,516 |
|
|
|
14,555 |
|
|
|
15,884 |
|
|
|
15,957 |
|
|
|
14,390 |
|
|
Diluted |
|
|
16,516 |
|
|
|
14,555 |
|
|
|
15,884 |
|
|
|
15,957 |
|
|
|
14,390 |
|
|
|
|
Note: Net income (loss) equals total comprehensive income (loss) for all periods presented. Additionally, the Company notes that income taxes related to discontinued operations were immaterial in nature for the periods presented and as such, only net income (loss) from discontinued operations was reported herein. |
|
QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited)
|
||||||||
|
|
|
September 28, |
|
|
December 29, |
|
||
|
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash, cash equivalents and restricted cash |
|
$ |
17,343 |
|
|
$ |
21,859 |
|
|
Accounts receivable, net of allowance for credit losses of |
|
|
2,034 |
|
|
|
2,426 |
|
|
Contract assets |
|
|
1,396 |
|
|
|
2,682 |
|
|
Note receivable, current |
|
|
1,388 |
|
|
|
— |
|
|
Inventories |
|
|
869 |
|
|
|
940 |
|
|
Prepaid expenses and other current assets |
|
|
1,261 |
|
|
|
1,666 |
|
|
Assets of business held for sale, net |
|
|
10 |
|
|
|
31 |
|
|
Total current assets |
|
|
24,301 |
|
|
|
29,604 |
|
|
Property and equipment, net |
|
|
16,647 |
|
|
|
15,699 |
|
|
Capitalized internal-use software, net |
|
|
1,081 |
|
|
|
711 |
|
|
Right of use assets, net |
|
|
540 |
|
|
|
758 |
|
|
Intangible assets, net |
|
|
349 |
|
|
|
378 |
|
|
Non-marketable equity investment |
|
|
— |
|
|
|
300 |
|
|
Inventories, non-current |
|
|
618 |
|
|
|
718 |
|
|
Note receivable, non-current |
|
|
— |
|
|
|
1,292 |
|
|
Other assets |
|
|
227 |
|
|
|
117 |
|
|
Assets of business held for sale, net |
|
|
2,355 |
|
|
|
2,356 |
|
|
TOTAL ASSETS |
|
$ |
46,118 |
|
|
$ |
51,933 |
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Revolving line of credit |
|
$ |
15,000 |
|
|
$ |
18,000 |
|
|
Trade payables |
|
|
2,763 |
|
|
|
3,097 |
|
|
Accrued liabilities |
|
|
952 |
|
|
|
1,587 |
|
|
Deferred revenue |
|
|
382 |
|
|
|
444 |
|
|
Notes payable, current |
|
|
1,234 |
|
|
|
1,928 |
|
|
Lease liabilities, current |
|
|
311 |
|
|
|
284 |
|
|
Liabilities of business held for sale |
|
|
(1) |
|
|
|
57 |
|
|
Total current liabilities |
|
|
20,641 |
|
|
|
25,397 |
|
|
Long-term liabilities: |
|
|
|
|
|
|
|
|
|
Lease liabilities, non-current |
|
|
218 |
|
|
|
447 |
|
|
Notes payable, non-current |
|
|
529 |
|
|
|
1,202 |
|
|
Total liabilities |
|
|
21,388 |
|
|
|
27,046 |
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Preferred stock, |
|
|
— |
|
|
|
— |
|
|
Common stock, |
|
|
17 |
|
|
|
15 |
|
|
Additional paid-in capital |
|
|
342,977 |
|
|
|
334,268 |
|
|
Accumulated deficit |
|
|
(318,264) |
|
|
|
(309,396) |
|
|
Total stockholders' equity |
|
|
24,730 |
|
|
|
24,887 |
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
|
$ |
46,118 |
|
|
$ |
51,933 |
|
|
QUICKLOGIC CORPORATION SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES (in thousands, except per share amounts and percentages) (Unaudited)
|
||||||||||||||||||||
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||||||
|
|
|
September |
|
|
September |
|
|
June 29, |
|
|
September |
|
|
September |
|
|||||
|
US GAAP operating income (loss) |
|
$ |
(3,927) |
|
|
$ |
(1,602) |
|
|
$ |
(2,522) |
|
|
$ |
(8,430) |
|
|
$ |
(2,670) |
|
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
231 |
|
|
|
237 |
|
|
|
189 |
|
|
|
578 |
|
|
|
675 |
|
|
Research and development |
|
|
96 |
|
|
|
428 |
|
|
|
205 |
|
|
|
443 |
|
|
|
729 |
|
|
Selling, general and administrative |
|
|
501 |
|
|
|
645 |
|
|
|
449 |
|
|
|
1,586 |
|
|
|
2,131 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
|
300 |
|
|
|
— |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
21 |
|
|
|
75 |
|
|
|
— |
|
|
Non-GAAP operating income (loss) |
|
$ |
(3,099) |
|
|
$ |
(292) |
|
|
$ |
(1,358) |
|
|
$ |
(5,448) |
|
|
$ |
865 |
|
|
US GAAP net income (loss) from continuing operations |
|
$ |
(4,004) |
|
|
$ |
(1,828) |
|
|
$ |
(2,661) |
|
|
$ |
(8,755) |
|
|
$ |
(2,984) |
|
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
231 |
|
|
|
237 |
|
|
|
189 |
|
|
|
578 |
|
|
|
675 |
|
|
Research and development |
|
|
96 |
|
|
|
428 |
|
|
|
205 |
|
|
|
443 |
|
|
|
729 |
|
|
Selling, general and administrative |
|
|
501 |
|
|
|
645 |
|
|
|
449 |
|
|
|
1,586 |
|
|
|
2,131 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
|
300 |
|
|
|
— |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
21 |
|
|
|
75 |
|
|
|
— |
|
|
Non-GAAP net income (loss) from continuing operations |
|
$ |
(3,176) |
|
|
$ |
(518) |
|
|
$ |
(1,497) |
|
|
$ |
(5,773) |
|
|
$ |
551 |
|
|
US GAAP net income (loss) from discontinued operations |
|
$ |
(3) |
|
|
$ |
(266) |
|
|
$ |
(9) |
|
|
$ |
(113) |
|
|
$ |
(552) |
|
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
— |
|
|
|
(105) |
|
|
|
— |
|
|
|
(32) |
|
|
|
147 |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
87 |
|
|
|
— |
|
|
Non-GAAP net income (loss) from discontinued operations |
|
$ |
(3) |
|
|
$ |
(371) |
|
|
$ |
(9) |
|
|
$ |
(58) |
|
|
$ |
(405) |
|
|
Non-GAAP net income (loss) |
|
$ |
(3,179) |
|
|
$ |
(889) |
|
|
$ |
(1,506) |
|
|
$ |
(5,831) |
|
|
$ |
146 |
|
|
US GAAP net income (loss) from continuing operations per share, basic |
|
$ |
(0.24) |
|
|
$ |
(0.13) |
|
|
$ |
(0.17) |
|
|
$ |
(0.55) |
|
|
$ |
(0.21) |
|
|
Adjustment for stock-based compensation |
|
|
0.05 |
|
|
|
0.09 |
|
|
|
0.06 |
|
|
|
0.17 |
|
|
|
0.25 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
0.02 |
|
|
|
0.02 |
|
|
|
— |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Non-GAAP net income (loss) from continuing operations per share, basic |
|
$ |
(0.19) |
|
|
$ |
(0.04) |
|
|
$ |
(0.09) |
|
|
$ |
(0.36) |
|
|
$ |
0.04 |
|
|
US GAAP net income (loss) from discontinued operations per share, basic |
|
$ |
— |
|
|
$ |
(0.02) |
|
|
$ |
— |
|
|
$ |
(0.01) |
|
|
$ |
(0.04) |
|
|
Adjustment for stock-based compensation |
|
|
— |
|
|
|
(0.01) |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
|
— |
|
|
Non-GAAP net income (loss) from discontinued operations per share, basic |
|
$ |
— |
|
|
$ |
(0.03) |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(0.03) |
|
|
Non-GAAP net income (loss) per share, basic |
|
$ |
(0.19) |
|
|
$ |
(0.07) |
|
|
$ |
(0.09) |
|
|
$ |
(0.36) |
|
|
$ |
0.01 |
|
|
US GAAP net income (loss) from continuing operations per share, diluted |
|
$ |
(0.24) |
|
|
$ |
(0.13) |
|
|
$ |
(0.17) |
|
|
$ |
(0.55) |
|
|
$ |
(0.21) |
|
|
Adjustment for stock-based compensation |
|
|
0.05 |
|
|
|
0.09 |
|
|
|
0.06 |
|
|
|
0.17 |
|
|
|
0.25 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
0.02 |
|
|
|
0.02 |
|
|
|
— |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Non-GAAP net income (loss) from continuing operations per share, diluted |
|
$ |
(0.19) |
|
|
$ |
(0.04) |
|
|
$ |
(0.09) |
|
|
$ |
(0.36) |
|
|
$ |
0.04 |
|
|
US GAAP net income (loss) from discontinued operations per share, diluted |
|
$ |
— |
|
|
$ |
(0.02) |
|
|
$ |
(0.00) |
|
|
$ |
(0.01) |
|
|
$ |
(0.04) |
|
|
Adjustment for stock-based compensation |
|
|
— |
|
|
|
(0.01) |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
|
— |
|
|
Non-GAAP net income (loss) from discontinued operations per share, diluted |
|
$ |
— |
|
|
$ |
(0.03) |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(0.03) |
|
|
Non-GAAP net income (loss) per share, diluted |
|
$ |
(0.19) |
|
|
$ |
(0.07) |
|
|
$ |
(0.09) |
|
|
$ |
(0.36) |
|
|
$ |
0.01 |
|
|
US GAAP gross margin percentage from continuing operations |
|
|
(23.3) |
% |
|
|
59.1 |
% |
|
|
25.9 |
% |
|
|
23.5 |
% |
|
|
61.1 |
% |
|
Adjustment for stock-based compensation included in cost of revenue |
|
|
11.4 |
% |
|
|
5.6 |
% |
|
|
5.1 |
% |
|
|
5.8 |
% |
|
|
4.8 |
% |
|
Non-GAAP gross margin percentage from continuing operations |
|
|
(11.9) |
% |
|
|
64.7 |
% |
|
|
31.0 |
% |
|
|
29.3 |
% |
|
|
65.9 |
% |
|
QUICKLOGIC CORPORATION SUPPLEMENTAL DATA (Unaudited)
|
||||||||||||||||||||
|
|
|
Percentage of Revenue |
|
|
Change in Revenue |
|
||||||||||||||
|
|
|
Q3 2025 |
|
|
Q3 2024 |
|
|
Q2 2025 |
|
|
Q3 2025 to |
|
|
Q3 2025 to |
|
|||||
|
COMPOSITION OF REVENUE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue by product: (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New products |
|
|
47 |
% |
|
|
81 |
% |
|
|
79 |
% |
|
|
(73) |
% |
|
|
(67) |
% |
|
Mature products |
|
|
53 |
% |
|
|
17 |
% |
|
|
21 |
% |
|
|
46 |
% |
|
|
40 |
% |
|
Discontinued Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New products |
|
|
— |
% |
|
|
2 |
% |
|
|
— |
% |
|
|
(100) |
% |
|
|
— |
% |
|
Revenue by geography: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47 |
% |
|
|
12 |
% |
|
|
17 |
% |
|
|
88 |
% |
|
|
50 |
% |
|
|
|
|
51 |
% |
|
|
85 |
% |
|
|
80 |
% |
|
|
(71) |
% |
|
|
(65) |
% |
|
|
|
|
2 |
% |
|
|
2 |
% |
|
|
3 |
% |
|
|
(61) |
% |
|
|
(64) |
% |
|
Discontinued Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
% |
|
|
— |
% |
|
|
— |
% |
|
|
(100) |
% |
|
|
— |
% |
|
|
|
|
— |
% |
|
|
1 |
% |
|
|
— |
% |
|
|
(100) |
% |
|
|
— |
% |
|
|
|
|
— |
% |
|
|
— |
% |
|
|
— |
% |
|
|
— |
% |
|
|
— |
% |
|
_____________________ |
||
|
|
(1) |
New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP intellectual property, professional services, and QuickAI and SensiML AI software as a service (SaaS) revenue. Mature products include all products produced on semiconductor processes larger than 180 nanometer and includes related royalty revenue. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/quicklogic-reports-fiscal-third-quarter-2025-financial-results-302612027.html
SOURCE QuickLogic Corporation
FAQ
What were QuickLogic's total revenues and YoY change in Q3 2025 (QUIK)?
How large was QuickLogic's GAAP net loss and per‑share loss in Q3 2025 (QUIK)?
What drove QuickLogic's margin deterioration in Q3 2025 (QUIK)?
Did QuickLogic announce any new contracts or defense work in Q3 2025 (QUIK)?
Will QuickLogic expect revenue improvement after Q3 2025 (QUIK)?
When and how can investors access QuickLogic's Q3 2025 earnings call recording (QUIK)?
