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 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.
QuickLogic Corporation (NASDAQ: QUIK) has announced a conference call scheduled for February 17, 2021, at 5:30 p.m. ET to discuss its fourth quarter and fiscal year 2020 financial results. Participants can join the call toll-free at 1-877-407-0792 or via international number 1-201-689-8263. A replay of the call will be available until February 24, 2021. QuickLogic is focused on developing low power, multi-core semiconductor platforms and AI solutions, integrating technologies for various applications across mobile and IoT devices.
QuickLogic Corporation (NASDAQ: QUIK) announced that CEO Brian Faith and CTO Timothy Saxe will present at the Linux Conference in Australia on January 23, 2021. Their talk will focus on QuickLogic's Open Reconfigurable Computing (QORC) initiative, which supports open-source development tools for FPGA devices. Dr. Saxe will demonstrate an AIoT Proof of Concept using these tools, highlighting how they enhance accessibility and innovation in FPGA technology. This initiative positions QuickLogic as a leader in embracing open-source solutions within the industry.
QuickLogic Corporation (NASDAQ: QUIK) announced its participation in the 23rd Annual Needham Virtual Growth Conference on January 13, 2021. Members of its executive team will present at 6:15 a.m. PT / 9:15 a.m. ET. Investors interested in one-on-one meetings can contact QuickLogic's Investor Relations or their Needham representative. QuickLogic specializes in ultra-low power, multi-core voice-enabled SoCs and embedded FPGA IP for AI, voice, and sensor processing. More details are available on the Events Page of their Investor Relations site.
QuickLogic Corporation (NASDAQ: QUIK) announced a second amendment to its credit facility on December 16, 2020. The deal extends the maturity date from September 28, 2021, to September 28, 2022, while reducing the interest rate to 0.50% above the Prime Rate. CFO Sue Cheung stated that this favorable amendment will aid in focusing on business operations and supports long-term growth and profitability targets by the end of 2021.
SensiML Corporation has announced the launch of a free version of its SensiML Analytics Toolkit called Community Edition, aimed at IoT developers. This version includes a lifetime license and allows developers to create and evaluate AI models utilizing their own or community datasets.
CEO Chris Rogers emphasized the importance of leveraging AI for intelligent IoT products. The Community Edition includes features of paid versions but is tailored for low-volume experimentation. More details and account creation can be done on their website.
QuickLogic Corporation (NASDAQ: QUIK) announced that CEO Brian Faith will participate in a keynote panel at the RISC-V Summit on December 8, 2020, alongside representatives from Google and other tech entities. The presentation will focus on building an open edge machine learning ecosystem using RISC-V technology. QuickLogic will also host a virtual booth at the summit, collaborating with members of OpenHW Group to showcase updates on open-source CORE-V processor IP cores. This participation signals QuickLogic's commitment to advancing technology in AI and embedded systems.
QuickLogic Corporation (NASDAQ: QUIK) announced its executive team's participation in the Oppenheimer 5G Summit: The Revolution Begins on December 15, 2020. The presentation will take place from 1:35 p.m. to 2:15 p.m. PT (4:35 p.m. to 5:15 p.m. ET). A webcast of this presentation will be available on QuickLogic's IR site. Investors interested in one-on-one meetings can contact QuickLogic's Investor Relations. QuickLogic focuses on low power, multi-core semiconductor platforms and AI solutions.
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