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Oct 03, 2021
Quicklogic Q3 2021 Earnings Report
Reported highest revenue since Q3 2015 and strong gross margin driven by IP-related products.
Key Takeaways
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.
Q3 fiscal 2021 revenue reached $3.9 million, the highest since Q3 of fiscal 2015.
Gross margin exceeded 70%, driven by IP-related products, marking the highest in company history.
Approximately $1.08 million was raised through direct placement of shares to long-time shareholders.
A $2 million eFPGA contract was secured, the largest eFPGA contract to date, with revenue to be recognized equally in Q3 and Q4.
Quicklogic
Quicklogic
Quicklogic Revenue by Segment
Revenue by Segment
New Products Revenue
CapyFin.comMature Products Revenue
CapyFin.com Forward Guidance
The company anticipates revenue from a $2 million eFPGA contract to be recognized equally in Q3 and Q4.
Revenue & Expenses
Visualization of income flow from segment revenue to net income