QuickLogic experienced a challenging fiscal third quarter of 2025, with total revenue decreasing by 51.8% year-over-year to $2.0 million. The company reported a GAAP net loss of ($4.0 million) and a non-GAAP net loss of ($3.2 million), both significantly wider than the prior year's quarter. New product revenue saw a substantial decline, while mature product revenue increased.
Total revenue for Q3 2025 was $2.0 million, a 51.8% decrease compared to Q3 2024.
GAAP net loss for Q3 2025 was ($4.0 million), or ($0.24) per share, compared to a net loss of ($2.1 million) in Q3 2024.
Non-GAAP net loss for Q3 2025 was ($3.2 million), or ($0.19) per share, compared to a net loss of ($0.9 million) in Q3 2024.
New product revenue decreased by 72.6% year-over-year, while mature product revenue increased by 46% year-over-year.
QuickLogic anticipates receiving orders for its upcoming SRH FPGA Dev Kit and several new eFPGA Hard IP contracts in the coming weeks, with the USG Strategic Radiation Hardened FPGA Program expected to contribute to fourth-quarter revenue growth.
Visualization of income flow from segment revenue to net income