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.
QuickLogic Corporation (NASDAQ: QUIK) reported its Q2 fiscal 2021 financial results, achieving a record revenue of $2.9 million, a 31% increase year-over-year. New product revenue reached approximately $1.3 million, marking a 54% year-over-year growth. GAAP gross margin stood at 50.9% while operating expenses decreased to $3.4 million. Despite the revenue growth, the company reported a GAAP net loss of $2.1 million, increasing from the previous quarter's loss of $1.7 million. A conference call is scheduled to discuss the results further.
QuickLogic Corporation (NASDAQ: QUIK) has announced a conference call set for August 17, 2021, at 5:30 p.m. ET to discuss its second quarter fiscal year 2021 financial results. The company specializes in ultra-low power multi-core voice-enabled SoCs, embedded FPGA IP, and Endpoint AI solutions.
The call will be accessible via dial-in and will also have a replay option available until August 24, 2021. A webcast will be available on QuickLogic's IR site for a duration of 12 months.
QuickLogic Corporation (NASDAQ: QUIK) announced a partnership with Zifisense to launch the ZETA TinyML development kit, aimed at enhancing IoT applications in China. This kit is based on Zifisense's ZETA LPWAN technology, addressing key challenges like power consumption and wide-area coverage. Powered by QuickLogic's EOS S3AI, the development kit supports real-time processing for various applications including environmental monitoring and predictive maintenance. Available in September 2021, the ZETA kit is designed for enterprises and developers seeking efficient, low-power solutions for embedded AI.
SensiML Corporation has signed a worldwide distribution agreement with Digi-Key Electronics, allowing Digi-Key to offer the Basic Edition of SensiML's Analytics Toolkit. This toolkit enables developers to build AI-based sensor applications efficiently through a three-step process: Data Capture Lab, Analytics Studio, and TestApp. The quarterly SaaS plan is designed to cater to small and mid-tier innovators, facilitating the rapid development of AI solutions for IoT products. The partnership aims to enhance customer reach and drive growth for SensiML.
SensiML Corporation, a developer of AI tools for IoT applications, has partnered with Microchip Technology to enhance AI code development for smart industrial and consumer IoT. This collaboration simplifies the integration of SensiML's Analytics Toolkit with Microchip's MPLAB X IDE, allowing developers to efficiently generate AI models using minimal power and memory. The combined tool suite supports a range of microcontrollers, with the SAM-IoT WG Development Board currently available. This partnership aims to transform sensor data into actionable insights, catering to diverse applications.
QuickLogic Corporation (NASDAQ: QUIK) announced that aiSensing has developed an AI-driven Industrial IoT solution for predictive maintenance applications. Utilizing QuickLogic's EOS™ S3 multi-core SoC and SensiML Analytics Toolkit, the solution monitors equipment status and detects fault modes without cloud reliance. The AI vibration sensor improves operational efficiency and reduces unnecessary maintenance costs. aiSensing's smart sensor is durable and suitable for various manufacturing applications, underscoring the significance of AI in Industry 4.0.
QuickLogic Corporation (NASDAQ: QUIK) announced its Q1 fiscal 2021 results, reporting revenues of $2.2 million, down 10% from Q4 2020, but up 4% year-over-year. New product revenue surged by 28% from Q4 2020 to reach $1.1 million, and increased 121% year-over-year due to growth in sensor and connectivity products. GAAP gross margin improved to 51.1%, while operating expenses decreased to $3.8 million. The net loss narrowed to $1.7 million, or $0.15 per share, compared to $3.2 million in Q1 2020. The company also gained $1.2 million from PPP loan forgiveness.
QuickLogic Corporation (NASDAQ: QUIK), a leader in ultra-low power multi-core voice-enabled SoCs and AI solutions, announces participation in key investor events. CEO Brian Faith will speak at the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, at 6:30 a.m. PT, followed by the 7th Annual ROTH London Conference on June 21, 2021. One-on-one meetings will be available for investors. Details can be found on the company’s investor relations website.
SensiML Corporation has launched an Open Source Initiative aimed at accelerating the adoption of TinyML smart sensing IoT applications. This initiative enhances developers' control and insight over their machine learning workflows, ensuring transparency and efficiency. Key components introduced include SensiML Open Gateway, Open Data Interfaces, and Open Mobile TestApp, available immediately, while the Open Source Embedded SDK is set to release later this summer. This initiative is expected to simplify AI adoption at the IoT edge.
QuickLogic Corporation (NASDAQ: QUIK), a leader in ultra-low power multi-core SoCs and AI solutions, will participate in Oppenheimer's 6th Annual Emerging Growth Conference on May 11, 2021. CEO Brian Faith will be available for one-on-one meetings from 9:55 a.m. to 4:25 p.m. ET. Interested investors can contact QuickLogic's Investor Relations or Oppenheimer representatives to schedule meetings. The company specializes in low power semiconductor platforms and AI technologies, offering solutions for various applications including mobile and IoT.
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