Quicklogic Earnings Reports

QuickLogic experienced a significant drop in revenue and swung to a net loss in Q1 2025, attributed primarily to timing delays in large eFPGA IP contracts. Despite the decline, the company strengthened its market position by delivering Intel 18A eFPGA Hard IP and expanding design wins.

QuickLogic's total revenue for Q4 2024 was $5.7 million, a decrease of 23.7% compared to Q4 2023, but an increase of 33.5% compared to Q3 2024. The company reported a GAAP net loss of $0.3 million, or ($0.02) per share, while non-GAAP net income was $0.6 million, or $0.04 per share.

QuickLogic Corporation reported a total revenue of $4.3 million for the third quarter of fiscal year 2024, representing a 35.9% decrease compared to the same quarter in the previous year and a 3.5% increase compared to the previous quarter. The GAAP net loss was ($2.1 million), or ($0.14) per share, compared to a net income of $1.2 million, or $0.09 per basic share in Q3 2023.

QuickLogic reported a 41.3% increase in total revenue compared to the second quarter of 2023, driven primarily by higher eFPGA IP license and professional services revenue, as well as increased device and royalty revenues. However, revenue decreased by 31.3% compared to the first quarter of 2024. The company's GAAP net loss was ($1.6 million), or ($0.11) per share.

QuickLogic reported a 45.3% increase in revenue compared to Q1 2023, driven by a nearly 60% increase in new product sales. The company achieved GAAP net income of $0.1 million, or $0.01 per share, and is on track for 30% revenue growth and positive cash flow in 2024.

QuickLogic reported record GAAP net income of $2.0 million and record non-GAAP net income of $2.6 million for fiscal Q4 2023. The company's revenue increased by 31% for fiscal year 2023 over fiscal year 2022.

QuickLogic reported a strong third quarter with a 92.7% increase in revenue compared to the same quarter last year, driven by the second phase of a large government contract. The company achieved GAAP net income of $1.2 million and a record non-GAAP net income of $1.8 million.

QuickLogic's Q2 2023 revenue was $2.9 million, a 35.7% decrease year-over-year. The company reported a GAAP net loss of $2.3 million, or $0.17 per share. However, QuickLogic reaffirmed its expectation for full-year revenue growth above 30% and second-half and full-year non-GAAP profitability.

QuickLogic reported a strong Q3 2021 with revenue of $3.9 million, the highest since Q3 2015, and a gross margin over 70%, driven by IP-related products. The company also won a $2 million eFPGA contract and introduced the Australis eFPGA IP Generator.

QuickLogic reported Q2 2021 revenue of $2.9 million, a 29% increase compared to Q1 2021 and a 31% increase compared to Q2 2020. The increase was primarily due to higher revenue from sensor processing and connectivity products.

QuickLogic Corporation reported its Q1 2021 financial results, with total revenue of $2.2 million, a 4% increase compared to Q1 2020. The company's GAAP net loss was $1.7 million, or $0.15 per share, an improvement from the $3.2 million loss in Q1 2020. New product revenue increased significantly, driven by sensor processing and connectivity products.

QuickLogic reported Q4 2020 revenue of $2.5 million, a 40% increase compared to the previous quarter but a 13% decrease compared to Q4 2019. The company's GAAP net loss was $2.9 million, or $0.27 per share, compared to a net loss of $3.1 million, or $0.37 per share, in Q4 2019.

QuickLogic reported a decrease in total revenue for Q3 2020 to $1.8 million, a 19% decrease compared to the previous quarter and an 18% decrease compared to Q3 2019. The GAAP net loss was $2.1 million, or $0.19 per share, improved from a net loss of $3.0 million, or $0.35 per share, in the second quarter of 2020.

QuickLogic Corporation announced its financial results for the second quarter of fiscal 2020. Total revenue was $2.2 million, a 2% increase from the previous quarter and a 5% increase compared to the second quarter of 2019. The GAAP net loss was $3.0 million, or $0.35 per share, compared to a net loss of $3.2 million, or $0.38 per share, in the first quarter of 2020.

QuickLogic reported a decrease in revenue for Q1 2020 compared to both Q4 2019 and Q1 2019. The company experienced a decline in both new and mature product revenue, impacting overall gross margin. Operating expenses decreased, but the company still reported a net loss.

QuickLogic reported Q4 2019 revenue of $2.9 million, compared to $3.2 million in Q4 2018. The GAAP net loss was $3.1 million, or $0.37 per share, compared to $3.1 million, or $0.45 per share, in Q4 2018.