QuickLogic Corp - QUIK STOCK NEWS

SensiML Corporation has teamed up with Silicon Labs to expedite the creation of TinyML smart IoT applications. Their collaboration utilizes the Thunderboard Sense 2 IoT Development Kit in conjunction with the SensiML Analytics Toolkit, allowing developers to create efficient AI sensor processing code for edge devices. This partnership aims to enhance application areas such as predictive maintenance, health monitoring, and sound detection. The solutions provided will significantly reduce development time, simplify the integration of AI/ML features, and accelerate market readiness.

SensiML Corporation, a leader in AI tools for IoT, announced that CEO Chris Rogers will participate as a panelist on the "tinyML for Good – Conservation & Climate" panel at the virtual tinyML Summit 2021 on March 23. Additionally, he will present on March 25 about production-worthy tools for creating AI at the IoT edge, focusing on the capabilities of the SensiML Analytics Toolkit. This toolkit aids in developing smart IoT products through efficient data handling and AI model generation.

QuickLogic Corporation (NASDAQ: QUIK) has entered into an agreement with the U.S. Defense Advanced Research Projects Agency (DARPA) to supply embedded FPGA IP and open-source FPGA tools through the DARPA Toolbox Initiative. This partnership allows DARPA research teams access to QuickLogic's advanced eFPGA technology and tools, which have been proven in military, aerospace, and defense applications for over 30 years. The initiative aims to provide researchers with reliable, high-quality resources while reducing dependence on low-cost alternatives, ensuring longevity and support.

QuickLogic Corporation (NASDAQ: QUIK) announced the co-launch of the SparkFun Thing Plus – QuickLogic EOS S3 development kit, featuring an ultra-low power SoC with embedded FPGA technology. The kit, designed for edge IoT applications, includes 2,400 effective logic cells and supports open source tools like FreeRTOS and TensorFlow Lite. It will be available on Crowd Supply at the end of May, providing extensive documentation and support. This launch aligns with QuickLogic's QORC initiative, promoting accessible open source development.

QuickLogic Corporation (NASDAQ: QUIK), a leader in ultra-low power, multi-core SoCs and AI solutions, announced that CEO Brian Faith will participate in the Virtual 33rd Annual Roth Conference on March 17, 2021. The event will run from 9:30 a.m. to 3:25 p.m. ET. Investors interested in one-on-one meetings can contact QuickLogic Investor Relations or their Roth representative. QuickLogic specializes in low-power semiconductor platforms, integrating eFPGA and AI technologies for various applications, including mobile and IoT.

QuickLogic Corporation (NASDAQ: QUIK) has unveiled an Amazon-qualified reference design aimed at accelerating the development of smart hearable products. This innovative kit integrates Alexa's voice-initiated Close-Talk technology, facilitating seamless communication for battery-powered applications. Built on the EOS™ S3 ultra-low power voice processor, the design includes advanced features like noise suppression and AI capabilities from SensiML. It is now available for order, providing manufacturers with a comprehensive platform for next-gen hearables development.

QuickLogic Corporation (NASDAQ: QUIK) reported its fourth quarter financial results for fiscal 2020, revealing total revenue of $2.5 million, a 40% increase from Q3 2020 but down 13% year-over-year. New product revenue reached $0.8 million, a 31% increase from Q3. GAAP net loss for Q4 was $2.9 million, or $0.27 per share. For the entire fiscal year, total revenue was $8.6 million, a decrease from $10.3 million in 2019, with a GAAP net loss of $11.2 million. The company is shifting towards a platform model, highlighting strategic collaborations and new product launches.

QuickLogic Corporation (NASDAQ: QUIK) has announced the launch of its Qomu development kit, a compact Arm Cortex-M4F MCU + eFPGA solution that fits into a USB Type A port. This kit is designed for the QuickLogic Open Reconfigurable Computing (QORC) initiative and is supported by a variety of open-source development tools including Zephyr and FreeRTOS. The Qomu kit aims to enhance edge IoT applications by providing ultra-low power consumption and AI capabilities. It is exclusively available through Crowd Supply.

QuickLogic Corporation (NASDAQ: QUIK) announced the resignation of Chief Financial Officer Suping (Sue) Cheung, effective February 17, 2021. Cheung, who has held various senior roles since joining in 2007, will leave to pursue another CFO position. Her departure is not due to any disputes with the company. QuickLogic has appointed Anthony Contos as interim Chief Accounting Officer until a successor is named. Cheung will assist in the transition and participate in the upcoming earnings announcement on February 17.