QuickLogic (QUIK) AI Stock Analysis

• Market Cap: $114.16M
• Dividend Yield: N/A
• Average Volume (3M): 143.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.12
• Revenue Growth: -28.05%
• EPS Growth: -488.63%
• Country: US
• Employees: 59
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.19
• Shares Outstanding: 17,090,254
• 10 Day Avg. Volume: 168,213
• 30 Day Avg. Volume: 143,876
• PEG Ratio: -0.03
• Price to Book (P/B): 6.59
• Price to Sales (P/S): 8.15
• P/FCF Ratio: -25.47
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 6.96
• Enterprise Value/Gross Profit: 18.99
• Enterprise Value/Ebitda: -31.29
• 1Y Price Target: $5.95
• Price Target Upside: -8.32% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $7.50 ▲(15.56% Upside)

The score is held down primarily by deteriorating financial performance and ongoing cash burn. Technical momentum is supportive but appears overbought, while valuation offers limited support due to losses and no dividend. The latest earnings call adds some upside optionality from defense/eFPGA progress and improved Q4 margin guidance, but near-term execution risk remains high due to contract timing and recent negative margins.

Positive Factors

eFPGA and RadHard FPGA development

Advances in eFPGA and RadHard FPGA represent a durable product moat: hard IP and radiation-hardened solutions face high technical barriers, long design cycles, and limited suppliers. Success here can create multi-year licensing revenue and higher gross margins once design wins scale.

Defense industrial base interest

Sustained defense interest signals structural demand beyond consumer cyclicality. Defense customers typically award larger, longer-duration contracts with rigorous qualification, potentially providing revenue visibility, premium pricing and strategic customer relationships over multiple fiscal years.

Manageable leverage and positive equity

A balance sheet with positive equity and moderate leverage provides financial resilience to fund R&D, tapeouts and customer qualification cycles. This reduces immediate insolvency risk and supports execution on multi-quarter product development and commercialization plans.

Negative Factors

Negative operating and free cash flow

Persistent cash burn undermines self-funding ability and forces reliance on external financing or partnerships. That constrains runway for commercialization, increases dilution or covenant risk, and limits capacity to scale manufacturing or absorb customer qualification delays over the next several quarters.

Sharp revenue declines and margin compression

Material revenue decline and collapsing margins indicate adverse pricing/mix or underutilized fixed costs. Without sustainable revenue growth or margin recovery, operating leverage will continue to amplify losses and impede ability to reinvest in product roadmaps or improve unit economics.

High dependence on timing of key contracts

Concentration on a few mid-seven-figure contracts creates execution risk: timing shifts materially affect near-term revenue and margin profiles. This dependence increases quarter-to-quarter volatility and makes multi-period planning and investment decisions contingent on uncertain award and funding timelines.

QuickLogic Business Overview & Revenue Model

Company Description

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions. The company's products include pASIC 3, QuickRAM, QuickPCI, EOS, QuickAI, SensiML Analytics Studio, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II, as well as silicon platforms, IP cores, software drivers, firmware, and application software. It delivers its solutions through ultra-low power customer programmable System on Chip (SoC) semiconductor solutions, embedded software, and algorithm solutions for always-on voice and sensor processing, and enhanced visual experiences. In addition, the company licenses FPGA technology for use in other semiconductor companies SoCs. It markets and sells its products to original equipment manufacturers and original design manufacturers through a network of sales managers and distributors in North America, Europe, and the Asia Pacific. QuickLogic Corporation was founded in 1988 and is headquartered in San Jose, California.

How the Company Makes Money

QuickLogic generates revenue primarily through the sale of its FPGA devices and embedded solutions. The company employs a direct sales model, engaging with original equipment manufacturers (OEMs) and system integrators to provide customized solutions for specific applications. Additionally, QuickLogic benefits from licensing agreements and partnerships with other technology firms, which can provide supplementary revenue through royalties and shared development projects. The company also focuses on expanding its market presence through strategic collaborations and partnerships, which enhance its product offerings and accelerate growth in emerging markets.

QuickLogic Financial Statement Overview

Summary

Fundamentals are weak: TTM revenue declined (~12%), gross margin compressed sharply, losses widened (net margin ~-58%), and operating/free cash flow are negative, indicating ongoing cash burn. The balance sheet is a relative positive with manageable leverage and positive equity, but persistent negative ROE and deteriorating operating performance keep the score low.

Income Statement

TTM (Trailing-Twelve-Months) results show clear deterioration: revenue declined about 12% and losses widened materially (net margin roughly -58% vs. about -19% in 2024). Gross margin also compressed sharply versus recent years, pointing to weaker pricing/mix or under-absorption of costs. While the company had shown improvement in 2023 (near breakeven at the operating line), the latest TTM reversal raises concerns about operating leverage and earnings stability.

Balance Sheet

Leverage looks manageable on the latest snapshot, with debt at roughly two-thirds of equity in TTM (improved from higher leverage levels in 2021–2023). Total equity remains positive, which supports balance-sheet resilience. The key weakness is ongoing negative returns on equity (TTM ROE meaningfully negative), implying the capital base is not currently generating profits and could be pressured if losses persist.

Cash Flow

Cash generation is weak: TTM operating cash flow is negative and free cash flow is deeply negative, signaling continued cash burn. While free cash flow loss improved versus the prior period (positive growth rate off a negative base), the business still is not self-funding. The gap between cash flow and earnings is not supportive in TTM, given both profitability and operating cash flow are negative.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.75M	20.11M	21.20M	16.18M	12.69M	8.63M
Gross Profit	5.77M	11.89M	14.49M	8.80M	7.42M	4.25M
EBITDA	-3.50M	-637.67K	2.22M	-3.05M	-6.81M	-9.40M
Net Income	-9.17M	-3.84M	-263.00K	-4.27M	-6.62M	-11.15M
Balance Sheet
Total Assets	46.12M	51.93M	47.79M	32.59M	28.97M	32.89M
Cash, Cash Equivalents and Short-Term Investments	17.34M	21.88M	24.61M	19.20M	19.61M	22.75M
Total Debt	16.06M	21.86M	22.39M	16.39M	17.38M	18.07M
Total Liabilities	21.39M	27.05M	30.90M	20.69M	19.76M	20.40M
Stockholders Equity	24.73M	24.89M	16.89M	11.89M	9.21M	12.49M
Cash Flow
Free Cash Flow	-7.29M	-6.44M	-1.49M	-4.87M	-3.58M	-7.80M
Operating Cash Flow	-1.25M	27.00K	4.85M	-4.06M	-2.86M	-6.74M
Investing Cash Flow	-6.04M	-6.46M	-6.34M	-814.00K	-713.00K	-1.05M
Financing Cash Flow	2.27M	3.71M	6.90M	4.47M	434.00K	9.00M

QuickLogic Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUIK, the sentiment is Negative. The current price of 6.49 is below the 20-day moving average (MA) of 7.88, below the 50-day MA of 6.91, and above the 200-day MA of 6.24, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 38.00 is Neutral, neither overbought nor oversold. The STOCH value of 9.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QUIK.

QuickLogic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INTT	56 Neutral	$111.85M	-50.35	-2.24%	―	-2.20%	-204.45%
GSIT	52 Neutral	$229.60M	-16.74	-18.76%	―	22.00%	28.06%
QUIK	50 Neutral	$114.16M	-11.30	-39.72%	―	-28.05%	-488.63%
PXLW	49 Neutral	$38.01M	-1.27	―	―	-38.72%	16.01%
GCTS	44 Neutral	$71.37M	-1.65	―	―	-46.98%	-186.82%
SQNS	43 Neutral	$59.72M	―	-18.19%	―	2.80%	―

QuickLogic Corporate Events

QuickLogic Reports Q3 Revenue Decline Amid Challenges

On November 11, 2025, QuickLogic announced its fiscal third-quarter financial results, revealing a significant revenue decline compared to previous quarters. Despite the financial challenges, the company reported progress in securing new contracts and expanding its market presence, particularly in commercial and defense sectors, which is expected to contribute to future revenue growth.

The most recent analyst rating on (QUIK) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on QuickLogic stock, see the QUIK Stock Forecast page.