STOCK TITAN

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.

Rhea-AI Summary

QuickLogic is showcasing its latest RadHard eFPGA IP and FPGAs at the SEE/MAPLD 2024 event. The company's products are developed using proprietary technology and open-source components, emphasizing customization and transparency. QuickLogic offers radiation-hardened eFPGA IP and FPGA devices for mission-critical applications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
-
Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) will report its first quarter fiscal 2024 financial results on May 13, 2024. They will also participate in upcoming investor conferences, such as the Annual Craig-Hallum Institutional Investor Conference on May 29th and the Stifel 2024 Cross Sector Insight Conference on June 5th.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.45%
Tags
conferences earnings
-
Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) released Aurora 2.6, offering expanded operating system support to Windows 11 and Windows 10, boosting timing performance up to 15%. The update brings architectural enhancements, an interactive path analysis feature, and a streamlined Linux installation process, showcasing QuickLogic's commitment to innovation and efficiency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.73%
Tags
none
Rhea-AI Summary
QuickLogic (NASDAQ: QUIK) announces its participation at the HEART 2024 Conference in Huntsville, AL, showcasing its FPGA and eFPGA core technologies. With three decades of experience, QuickLogic offers industry-leading solutions for consumer electronics, aerospace, and defense.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
none
-
News
Rhea-AI Summary
SensiML™ , a subsidiary of QuickLogic (NASDAQ: QUIK), is showcasing its latest Data Studio platform at Embedded World 2024. The platform offers an integrated edge IoT ML solution and standalone licensing option, focusing on high-quality dataset creation for ML models. Featured demos include a Smart Boxing Glove Game, Smart Drill Demo, and Product Suite Demo, highlighting applications in various sectors like ergonomics, fitness, and operations monitoring.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
none
-
Rhea-AI Summary
QuickLogic (NASDAQ: QUIK) announces Radhika Krishnan's resignation from the Board of Directors to focus on her role at Amazon Web Services. The company expresses gratitude for her contributions and remains well-positioned in the eFPGA IP ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.22%
Tags
management
Rhea-AI Summary
QuickLogic Corporation partners with Zero-Error Systems America to develop radiation-tolerant eFPGA IP for commercial space applications. The collaboration aims to address the growing demand for reliable and reprogrammable hardware in LEO satellite constellations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
partnership
-
News
Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) announces its participation in GOMACTech 2024 Conference, showcasing its innovative FPGA and eFPGA cores. The event targets government and military electronics industry, highlighting QuickLogic's 30 years of experience and track record in delivering millions of units across various applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none
-
Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) has been selected by a large multi-national company for eFPGA IP targeting the TSMC N12e, 12nm process. The IP delivery for this contract is scheduled for fiscal year 2024. QuickLogic's eFPGA technology offers advantages in AI data acceleration, power consumption, and throughput compared to software solutions and processors. The company's experience and proprietary IP Generator position it well to assist customers in accelerating development schedules and reducing risks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.39%
Tags
none
Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) has been selected by a top-tier Defense Industrial Base company for eFPGA IP targeting GlobalFoundries' 12LP process. The IP delivery is scheduled for fiscal year 2024. QuickLogic's CEO, Brian Faith, highlighted the company's long-standing relationship with the Defense Industrial Base, emphasizing optimized SWaP-C solutions. Leveraging their Australis IP Generator, QuickLogic aims to meet the specific requirements of the mission.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.29%
Tags
none

FAQ

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

The current stock price of QuickLogic (QUIK) is $8.32 as of October 18, 2024.

What is the market cap of QuickLogic (QUIK)?

The market cap of QuickLogic (QUIK) is approximately 120.5M.

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

120.50M
14.47M
8.32%
32.21%
11.91%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
SAN JOSE