QuickLogic ( (QUIK) ) has released its Q2 earnings. Here is a breakdown of the information QuickLogic presented to its investors.
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QuickLogic Corporation is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions, serving markets such as aerospace, defense, industrial, computing, and consumer sectors with customizable low-power solutions.
In its fiscal second quarter of 2025, QuickLogic reported a decline in revenue and gross margins compared to the previous year and quarter. Despite these challenges, the company made strategic advancements, including signing a new eFPGA Hard IP License contract and joining the Intel Foundry Chiplet Alliance.
Key financial metrics revealed a total revenue of $3.7 million, marking a 10% decrease from the same quarter in 2024 and a 14.8% drop from the previous quarter. The GAAP gross margin fell to 25.9% from 54.7% a year ago, while non-GAAP gross margin decreased to 31.0%. The company also reported a GAAP net loss of $2.7 million, or $0.17 per share, indicating a deeper loss compared to the previous periods.
Despite the financial setbacks, QuickLogic is focusing on strategic initiatives, such as the accelerated introduction of Australis 2.0, a proprietary IP Generation tool, scheduled for deployment in Q4. These efforts are aimed at meeting increasing customer demands for high-density designs and leveraging advanced fabrication nodes.
Looking ahead, QuickLogic remains committed to enhancing its product offerings and expanding its market presence. The company’s management is optimistic about future growth opportunities driven by its strategic partnerships and technological advancements, although they acknowledge the challenges posed by current economic conditions.