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QuickLogic Corporation reported stronger results for the quarter ended June 28, 2026. Revenue from continuing operations was $5.5 million, up from $3.7 million a year earlier, driven mainly by eFPGA IP and professional services revenue of $4.4 million. New products contributed $4.7 million, while mature products added $0.8 million.
Gross profit rose to $2.4 million, a 44% margin versus 26% last year, as cost of revenue grew more slowly than sales. Net loss from continuing operations narrowed to $0.9 million (basic and diluted loss per share of $0.05) from $2.7 million. Cash and cash equivalents were $18.5 million, and total debt included a $5.0 million balance on a new $10.0 million revolving credit facility maturing in 2029. The company also raised $9.5 million of net proceeds in the first half of 2026 via its at-the-market equity program, increasing stockholders’ equity to $31.2 million.
QuickLogic Corporation reported strong year-over-year growth for the fiscal second quarter ended June 28, 2026, while remaining unprofitable. Total revenue from continuing operations was $5.5 million, up 48.7% from the second quarter of 2025 and up 8.5% from the first quarter of 2026. New product revenue reached approximately $4.7 million, a 59.7% increase year over year, and mature product revenue held steady at $0.8 million.
GAAP gross margin from continuing operations improved to 43.9% from 25.9% a year earlier, and non-GAAP gross margin rose to 46.8% from 31.0%. GAAP operating expenses were $4.1 million, up from $3.5 million in the prior-year quarter. The company reported a GAAP net loss of ($0.9 million), or ($0.05) per share, compared with a loss of ($2.7 million), or ($0.17) per share, a year ago.
Non-GAAP net loss was ($1.1 million), or ($0.06) per share, an improvement from ($1.5 million), or ($0.09) per share, in the second quarter of 2025. Management stated that for 2026 it expects full-year growth in a range of 70% to 80% and is modeling non-GAAP profitability and cash flow positive operations for the second half of 2026.
BlackRock, Inc. reports beneficial ownership of common stock of QuickLogic Corp. BlackRock and certain of its business units collectively hold 1,059,691 shares of QuickLogic common stock, representing 5.8% of the outstanding class as of the reporting date.
BlackRock has sole voting power over 1,045,298 shares and sole dispositive power over the full 1,059,691 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of QuickLogic’s outstanding common shares.
QuickLogic Corp President and CEO Brian C. Faith executed a cashless stock option exercise tied to 41,480 shares of Common Stock and sold 41,480 shares in the process. He exercised fully vested options with a $12.054 exercise price and sold the resulting shares at a weighted average price of $20.4458 per share.
According to the disclosure, the sale was used to cover the exercise price and withholding tax obligations related to options that would otherwise have expired on September 7, 2026. After these transactions, Faith directly holds 228,412 shares of QuickLogic common stock.
QuickLogic Corp director Kim Joyce reported an open-market sale of 5,500 shares of Common Stock at $20.00 per share. After this transaction, Joyce directly holds 2,140 shares of QuickLogic stock, indicating a remaining equity stake following the sale.
QUIK submitted a Form 144 notice for proposed dispositions related to stock option exercises. The filing lists proposed sales of 18,337 shares and 23,143 shares, each linked to a Stock Option Exercise and dated 05/20/2026.
Joyce Kim submitted Form 144 reporting a proposed sale of 5,500 shares of Common Stock. The filing lists a transaction date of 03/09/2026 and proceeds received of $46,337.50. The record shows prior restricted stock issuances of 1,542, 2,858 and 1,100 shares on 08/25/2023, 08/24/2024, and 09/13/2025, respectively.
QUICKLOGIC Corp director Gary H. Tauss sold shares in the company. On May 18, 2026, he completed an open-market sale of 2,195 shares of Common Stock at $19.20 per share. After this transaction, he directly holds 15,908 shares of QUICKLOGIC common stock.
QuickLogic Corporation reported higher revenue but continued losses for the quarter ended March 29, 2026. Revenue from continuing operations rose to $5.1 million from $4.3 million a year earlier, driven mainly by eFPGA IP and professional services, which generated $4.2 million.
Gross profit was stable at $1.8 million, but gross margin slipped as cost of revenue increased. The company recorded a net loss from continuing operations of $2.2 million, similar to the prior year, and a total net loss of $2.2 million after immaterial discontinued operations.
Liquidity remained a focus. Cash, cash equivalents and restricted cash declined to $6.0 million from $18.8 million at year-end, but QuickLogic raised about $3.1 million through its amended at-the-market equity program and did not draw on its $20.0 million Heritage Bank credit line during the quarter.
QuickLogic Corporation reported results of its 2026 Annual Stockholder Meeting held on May 7, 2026. Stockholders entitled to vote held 17,720,435 common shares as of March 9, 2026, with 12,207,314 shares present in person or by proxy, representing 68.89% of eligible shares.
Stockholders elected director nominees Brian C. Faith (6,574,463 votes for, 20,054 withheld, 5,612,797 broker non-votes) and Ron Shelton (6,555,551 votes for, 38,966 withheld, 5,612,797 broker non-votes). Two additional proposals each received more votes for than against, with one receiving 6,389,059 votes for and another 12,169,394 votes for.