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QuickLogic Corp - QUIK STOCK NEWS

Welcome to our dedicated page for QuickLogic news (Ticker: QUIK), a resource for investors and traders seeking the latest updates and insights on QuickLogic stock.

QuickLogic Corporation (NASDAQ: QUIK) is a pioneering fabless semiconductor company specializing in customizable, low-power silicon solutions for mobile and portable electronics. With over three decades of experience, QuickLogic has established itself as an industry leader in providing embedded FPGA (eFPGA) intellectual property (IP), multi-core semiconductor system-on-chips (SoCs), discrete FPGAs, and AI software, enhancing the design and functionality of high-tech devices.

QuickLogic's flagship product offerings include their Customer Specific Standard Products (CSSPs), which allow for rapid development and longer market sustainability, crucial for the fast-paced mobile and portable electronics sectors. These solutions cater to a broad range of industries including Aerospace and Defense, Consumer/Industrial IoT, and Consumer Electronics markets, providing tailored silicon and software platforms.

Recent achievements highlight QuickLogic's innovative edge:

  • In March 2024, QuickLogic was selected by a large multi-national company for eFPGA IP targeting the TSMC N12e 12nm process. This partnership will result in ultra-low-power SoCs leveraging AI for commercial and industrial IoT applications.
  • QuickLogic announced its participation in the GOMACTech 2024 Conference to showcase its groundbreaking FPGA and eFPGA cores.
  • In collaboration with Zero-Error Systems America (ZES), QuickLogic is developing radiation-tolerant eFPGA IP for space applications, addressing demand for reliable reprogrammable hardware in satellite technology.
  • The release of Aurora 2.6, an advanced eFPGA development tool suite, supports both Windows and Linux platforms, offering performance boosts and new interactive features.
  • QuickLogic's subsidiary, SensiML, launched a disruptive open-source AutoML solution for edge AI/ML development, further democratizing AI technology for IoT devices.
  • QuickLogic's financial performance remains robust, with revenue growth and strategic inclusion in the Russell 3000® Index recognizing its market significance.

QuickLogic's end-to-end solution portfolio is completed by SensiML Corporation, providing AI/ML software that accelerates edge AI applications. Their unique approach combines hardware and software solutions to deliver efficient, low-power AI processing at the endpoint, enhancing device intelligence and functionality.

For more information, visit quicklogic.com.

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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.

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QuickLogic Corporation (NASDAQ: QUIK) will host a conference call on February 16, 2022, at 5:30 p.m. ET to discuss its fourth quarter and fiscal year 2021 financial results. Investors can join the call via toll-free number 1-877-407-0792 or internationally at 1-201-689-8263. A replay will be available until February 23, 2022. QuickLogic specializes in low power multi-core semiconductor platforms and AI solutions, aiming to enhance voice and sensor processing across various applications.

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QuickLogic Corporation (NASDAQ: QUIK) reported preliminary financial results for Q4 2021, signaling a positive outlook driven by strong demand for its ArcticLink® III BX display bridge solutions. The company has received engagements from major consumer product suppliers and has delivered over 50 million devices. CEO Brian Faith expressed confidence in meeting revenue growth and profitability targets, with anticipated strong demand lasting through H1 2022. Full financial results are expected on February 16, 2022, although the company cautions that these results are preliminary and subject to audits.

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QuickLogic Corporation (NASDAQ: QUIK) announced the availability of its ArcticLink® III BX family of display interface bridging devices, designed to address supply chain challenges in the semiconductor industry. The family, featuring eleven variations, supports various mobile device display standards at resolutions up to WUXGA (1920 x 1200). QuickLogic has successfully shipped over 50 million units and maintains a well-stocked inventory. The company positions itself as a reliable supplier amidst global semiconductor supply disruptions caused by the COVID-19 pandemic.

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QuickLogic Corporation (NASDAQ: QUIK) announced the appointment of Joyce Kim to its Board of Directors, effective immediately. Kim, known for her expertise in marketing and strategy within technology, will leverage her experience from notable companies like Arm, Microsoft, and Google to guide QuickLogic's growth. The company focuses on developing low power, multi-core semiconductor platforms and IP for AI and sensor processing. CEO Brian Faith expressed confidence in Kim's ability to drive the company's initiatives in semiconductor IP and AI/ML SaaS products.

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QuickLogic Corporation (NASDAQ: QUIK) is co-exhibiting at the Design Automation Conference (DAC) from December 6-8, 2021, in San Francisco, CA. The event will feature a panel discussion titled 'The Promise and Challenges of the Open-Source Movement in FPGAs', where CEO Brian Faith will participate alongside industry leaders. The discussion is scheduled for December 9, 2021, from 3:30-4:15 p.m. PST at the Moscone Convention Center.

QuickLogic specializes in low-power, multi-core semiconductor solutions for AI and sensor processing.

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QuickLogic Corporation (NASDAQ: QUIK) announced that Brian Faith, President and CEO, will speak at the Oppenheimer 5G Summit on December 14, 2021, at 1:15 p.m. ET. This virtual conference focuses on wireless and cloud convergence. Investors can engage in one-on-one meetings with Mr. Faith by contacting QuickLogic Investor Relations or their Oppenheimer representative. A webcast of the presentation will be accessible on QuickLogic's website, along with current investor presentations. QuickLogic specializes in low-power multi-core SoCs and AI solutions.

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QuickLogic Corporation (NASDAQ: QUIK) reported strong Q3 fiscal 2021 results, with revenue reaching $3.9 million, a 34% increase from Q2 and a 117% rise year-over-year. The company achieved a gross margin of 70.8%, driven by IP-related products, marking the highest in its history. New product revenue soared by 119% from Q2 to $2.8 million. Notably, QuickLogic secured a $2 million eFPGA contract and introduced the Australis eFPGA IP Generator. Despite a GAAP net loss of $1.3 million, the company is showing positive growth trends.

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QuickLogic Corporation (NASDAQ: QUIK) announced the appointment of Radhika Krishnan to its Board of Directors, effective immediately. Krishnan, who brings expertise in IoT, data management, AI/ML, and industrial IoT, currently serves as Chief Product Officer at Hitachi Vantara. Her role involves overseeing product strategy, delivery, and P&L for various solutions. QuickLogic's president, Brian Faith, expressed enthusiasm for her joining the board, anticipating benefits from her extensive technology and business experience. Krishnan holds degrees in Electrical Engineering and an MBA.

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QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power multi-core voice-enabled SoCs and AI solutions, will participate in the Roth 10th Annual Technology Virtual Event on November 18, 2021. Brian Faith, President and CEO, is scheduled for one-on-one meetings from 9:45 a.m. to 2:10 p.m. ET. Investors interested in meeting with him can contact QuickLogic Investor Relations via email. The company specializes in low power semiconductor platforms and has solutions applicable in various sectors, including mobile, wearable, and IoT.

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FAQ

What is the current stock price of QuickLogic (QUIK)?

The current stock price of QuickLogic (QUIK) is $7.84 as of December 20, 2024.

What is the market cap of QuickLogic (QUIK)?

The market cap of QuickLogic (QUIK) is approximately 116.1M.

What does QuickLogic Corporation specialize in?

QuickLogic Corporation specializes in customizable, low-power silicon solutions for mobile and portable electronics, offering products like embedded FPGA (eFPGA) IP, multi-core semiconductor SoCs, discrete FPGAs, and AI software.

What are Customer Specific Standard Products (CSSPs)?

CSSPs are silicon plus software solutions provided by QuickLogic that enable faster time-to-market and longer market presence for products by OEMs and ODMs, tailored for mobile and portable electronics.

What industries does QuickLogic serve?

QuickLogic serves various industries including Aerospace and Defense, Consumer/Industrial IoT, and Consumer Electronics markets.

What recent achievements has QuickLogic announced?

Recent achievements include selection for an eFPGA IP project with a large multinational, collaboration with Zero-Error Systems America for radiation-tolerant eFPGA IP, and the release of Aurora 2.6 development tools.

What is eFPGA?

Embedded FPGA (eFPGA) is a type of field-programmable gate array that can be embedded into a system-on-chip (SoC) or other semiconductor devices, allowing for flexible and customizable hardware acceleration.

What is the Aurora 2.6 tool suite?

Aurora 2.6 is QuickLogic's latest eFPGA development tool suite that supports Windows and Linux platforms, offering significant architectural enhancements and performance improvements for efficient design optimization.

What is SensiML Corporation?

SensiML Corporation is a subsidiary of QuickLogic that offers AI/ML software for IoT devices, including an open-source AutoML solution for edge AI/ML application development.

How did QuickLogic perform financially in the first quarter of 2024?

QuickLogic reported $6.0 million in revenue for the first quarter of 2024, with a GAAP gross margin of 66.3% and non-GAAP gross margin of 70.3%, achieving a net income of $0.1 million GAAP and $1.7 million non-GAAP.

What is the significance of QuickLogic's inclusion in the Russell 3000® Index?

Inclusion in the Russell 3000® Index highlights QuickLogic's growth and financial performance, providing broader exposure to the investment community and recognition of its strategic transformation.

How can investors stay updated about QuickLogic?

Investors can follow QuickLogic's updates through its website, blog, corporate social media accounts, press releases, SEC filings, public conference calls, and webcasts.

QuickLogic Corp

Nasdaq:QUIK

QUIK Rankings

QUIK Stock Data

116.09M
13.93M
8.74%
30.53%
10.87%
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