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Mar 30
Quicklogic Q1 2025 Earnings Report
QuickLogic reported a net loss for the first quarter of fiscal 2025 amid revenue declines.
Key Takeaways
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.
Revenue declined to $4.3M, primarily due to timing of eFPGA IP contract awards.
Net loss widened to $2.2M, reversing a profit in Q1 2024.
Non-GAAP EPS was ($0.07) compared to $0.12 a year ago.
Delivered first-ever eFPGA Hard IP for Intel 18A, positioning for future growth.
Quicklogic
Quicklogic
Quicklogic Revenue by Segment
Quicklogic Revenue by Geographic Location
Revenue by Segment
New Products Revenue
CapyFin.comMature Products Revenue
CapyFin.comRevenue by Geographic Location
Asia Pacific Revenue
CapyFin.comNorth America Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
QuickLogic anticipates building momentum through strategic design wins and unique IP offerings, though near-term financials may remain pressured.
Positive Outlook
- Delivered first eFPGA Hard IP for Intel 18A Test Chip.
- Partnership with Faraday Technologies via FlashKit™-22RRAM.
- Awarded $1.4M incremental funding for radiation-hardened program.
- Extended $20M credit facility to enhance operational flexibility.
- Increased interest from USMAG and commercial clients for Intel 18A-based designs.
Challenges Ahead
- Significant revenue decline due to timing of contract awards.
- Net loss deepened compared to prior year and prior quarter.
- Gross margin dropped significantly YoY and QoQ.
- Operating expenses increased from both prior year and prior quarter.
- Uncertainty around revenue timing from large eFPGA contracts remains.
Revenue & Expenses
Visualization of income flow from segment revenue to net income