QuickLogic Corp - QUIK STOCK NEWS

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.