QuickLogic ( (QUIK) ) has released its Q1 earnings. Here is a breakdown of the information QuickLogic presented to its investors.
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QuickLogic Corporation is a fabless semiconductor company that specializes in embedded FPGA (eFPGA) IP, ruggedized FPGAs, and endpoint AI solutions, catering primarily to the aerospace, defense, industrial, computing, and consumer markets with a focus on low-power, customizable solutions.
In its fiscal first quarter of 2025, QuickLogic reported a decrease in revenue and gross margin, alongside strategic advancements such as the delivery of design-specific eFPGA Hard IP for Intel 18A and integration into Faraday Technology’s development platform. The company also secured a $1.4 million funding modification for its Strategic Radiation Hardened Program and extended its credit facility to enhance operational flexibility.
Financially, QuickLogic’s total revenue for the quarter was $4.3 million, marking a 23.7% decline from the previous year. New product revenue also saw a decrease, primarily due to the timing of large eFPGA IP contract awards. The company’s GAAP gross margin fell to 43.4%, and it reported a GAAP net loss of $2.2 million, or $0.14 per share, compared to a net income in the same quarter of the previous year.
Despite the financial setbacks, QuickLogic’s strategic moves, including being the first to offer eFPGA Hard IP for Intel 18A, position it well for future opportunities in military, aerospace, and commercial sectors. The company is optimistic about building momentum with its current business model.
Looking ahead, QuickLogic remains focused on capitalizing on its strategic advancements and maintaining flexibility to navigate market challenges, aiming to leverage its unique offerings to drive future growth.