QuickLogic Corp - QUIK STOCK NEWS

QuickLogic Corporation (NASDAQ: QUIK) announced a new eFPGA contract valued at approximately $1 million, facilitated by its Australis™ eFPGA IP Generator launched in September 2021. This tool allows for rapid, customized eFPGA IP generation optimized for various foundry/process nodes. Revenue from this contract is expected to be recognized during the first half of fiscal 2022, while the company's revenue guidance for the first quarter of fiscal 2022 remains unchanged. QuickLogic continues to see growing interest in its eFPGA solutions across multiple market segments.

QuickLogic Corporation (NASDAQ: QUIK) has partnered with SkyWater Technology (NASDAQ: SKYT) to release the first rad-hard eFPGA IP for SkyWater's 90 nm RH90 process. This innovation provides enhanced design flexibility and fast boot capabilities, achieving sub-100 microsecond boot times. The eFPGA technology supports applications in defense, aerospace, and rugged environments while extending device life cycles. The collaboration aims to deliver high-density, high-performance solutions for mission-critical applications.

QuickLogic and SkyWater Technology announced a collaboration to offer a fast boot rad-hard embedded FPGA IP for aerospace, defense, and commercial applications. This technology will be integrated into SkyWater's 90 nm rad-hard process, the only U.S.-based Trusted foundry solution of its kind. The eFPGA IP allows for post-manufacturing design flexibility and features sub-100 microsecond boot times, a significant improvement over traditional FPGAs. This partnership aims to enhance the performance and reliability of devices used in harsh environments.

QuickLogic Corporation (NASDAQ: QUIK) announced its participation in the 34th Annual Roth Conference on March 14, 2022. Scheduled from 8:00 a.m. to 4:30 p.m. PT, the event will take place at The Ritz Carlton, Laguna Niguel in Dana Point, California. Investors wishing to meet with QuickLogic's management should contact Investor Relations via email. A recorded webcast will be accessible on the company's website.

QuickLogic Corporation (NASDAQ: QUIK) reported a 47% increase in fiscal 2021 revenue, totaling $12.7 million. In Q4 2021, total revenue was $3.7 million, down 4% from Q3, but up 48% year-over-year. New product revenue rose 219% compared to Q4 2020, reaching $2.7 million. GAAP net loss for Q4 2021 was $1.6 million or $0.13 per share, compared to a loss of $2.9 million in Q4 2020. The company appointed Elias Nader as CFO and secured a $1 million purchase order, enhancing its market position.

QuickLogic Corporation (NASDAQ: QUIK) has launched its PolarPro 3 family of ultra-low power, SRAM-based FPGAs, addressing semiconductor supply challenges amid industry shortages. These devices offer power consumption as low as 55uA and support for up to 2,000 effective logic cells, making them suitable for portable and battery-operated applications. QuickLogic maintains a robust inventory to meet customer demands, including support for design migration and compatibility with open-source tools. The PolarPro 3 FPGAs are available for purchase now through distributors like Mouser and Digi-Key.

QuickLogic Corporation (NASDAQ: QUIK) announced that current and new institutional investors have purchased 310,000 shares, raising approximately $1.48 million. This represents 2.6% of the current shares outstanding, indicating robust support from investors. CEO Brian Faith expressed gratitude for the financial backing and highlighted the strategic importance of these funds for QuickLogic's growth and profitability goals, particularly regarding their Open Source initiatives. A conference call is scheduled for February 16, 2022, to discuss Q4 and fiscal year results.

SensiML Corporation has partnered with Infineon Technologies to deliver an AI/Machine Learning solution for Infineon's PSoC 6 family of microcontrollers. This collaboration combines SensiML's Analytics Toolkit with Infineon's ModusToolbox software and sensors, enabling developers to create AI models without extensive data science knowledge. A 'Build AI for the IoT Design Challenge' on Hackster.io aims to encourage innovative use of this platform. The SensiML Toolkit is currently available for developers, supporting various microcontroller cores and facilitating low-power IoT applications.

QuickLogic Corporation (NASDAQ: QUIK) has appointed Elias Nader as its new Chief Financial Officer and Senior Vice President of Finance, effective February 1, 2022. With over 30 years of semiconductor experience, including 20 years in senior positions, Nader aims to guide QuickLogic through its anticipated growth phase. Previously, he served as CFO at Pixelworks and held executive roles at Sigma Designs and others. CEO Brian Faith highlighted Nader's financial expertise and relationships with analysts as key assets for the company’s future.