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.
Overview of QuickLogic Corporation
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company specializing in innovative, customizable silicon solutions that are tailored for mobile, aerospace, defense, consumer electronics, and industrial IoT markets. At its core, QuickLogic leverages advanced embedded FPGA technology and programmable silicon to deliver customer specific standard products (CSSPs) designed to enhance time-to-market, reduce power consumption, and address the complex design challenges of modern electronic systems. The company combines embedded FPGA IP, discrete FPGAs, and FPGA SoCs with state-of-the-art software enabling rapid prototyping and integration of AI, voice, and sensor processing functionalities within diverse applications.
Product Portfolio and Technological Innovations
QuickLogic's product portfolio is robust and diversified. The company offers:
- Embedded FPGA (eFPGA) IP: Flexible and customizable programmable logic cores that enable system designers to integrate tailored logic and features into their hardware designs.
- Discrete FPGAs and FPGA SoCs: High-performance semiconductor solutions that allow for the integration of complex functionalities while maintaining low power and compact form factors.
- Endpoint AI & Machine Learning Software: Through its subsidiary SensiML Corporation, QuickLogic provides AI/ML software that accelerates the deployment of intelligent algorithms at the edge, complementing its hardware offerings.
These solutions empower customers to quickly adapt to rapid market changes and evolving design requirements using programmable and reconfigurable silicon technologies. The adoption of such systems enhances system flexibility, reduces design risks, and extends the product lifecycle, particularly in mission-critical applications.
Industry Relevance and Market Position
QuickLogic operates in the highly competitive semiconductor sector, where the demand for low-power, compact, and versatile silicon solutions is incessant. By focusing on the specific needs of mobile and portable electronics OEMs and ODMs, as well as sectors like aerospace and defense, the company has positioned itself as a key enabler in markets that require rapid design cycles and extreme reliability. The integration of eFPGA technology into system architectures is a testament to QuickLogic’s commitment to meeting the design challenges posed by modern multi-core and high-performance applications.
Business Model and Revenue Streams
As a fabless semiconductor company, QuickLogic outsources fabrication while focusing on design, intellectual property (IP) development, and software tool integration. This capital-light approach allows the company to remain nimble and focus resources on innovation and customer-centric solution development. Revenue is generated primarily through IP licensing, customized solution contracts, and professional services that support its hardware platforms. Through strategic partnerships and distribution agreements with entities experienced in global component procurement and supply chain management, QuickLogic ensures broad market reach and robust support for its clientele.
Strategic Partnerships and Global Alliances
QuickLogic’s extensive network of global strategic partners has been pivotal in expanding its market influence. By partnering with companies specialized in electronic component distribution and aerospace/defense supply, QuickLogic ensures that its state-of-the-art solutions are accessible to a wide range of markets. These collaborations not only enhance the company’s visibility but also provide its customers with expert support, thereby reinforcing its reputation in mission-critical sectors. Each partnership is carefully cultivated to align with QuickLogic’s commitment to innovation, quality, and customer satisfaction.
Application Areas and Enhanced Capabilities
The company’s solutions are designed for a broad spectrum of applications:
- Mobile and Portable Electronics: Offering low power consumption and compact designs to meet the rapidly changing demands of mobile technology.
- Aerospace and Defense: Providing ruggedized FPGAs and customizable eFPGA IP that meet stringent requirements for reliability, performance, and security.
- Industrial and IoT: Enabling the integration of advanced sensor processing and AI/ML capabilities that drive automation and efficiency.
- Computing and Consumer Electronics: Delivering high-performance circuit solutions that support diverse functionalities with customizable logic resources.
By incorporating leading edge semiconductor practices and open-source design tools, QuickLogic simplifies complex design challenges and fosters innovation at the edge. The combination of hardware flexibility and AI-driven software platforms offers system designers an integrated solution that is both scalable and versatile.
Expertise, Innovation, and Market Impact
QuickLogic’s contributions to the semiconductor industry are underpinned by decades of experience in programmable logic and a deep understanding of evolving market needs. The company’s pioneering work in reconfigurable silicon design has created a competitive advantage that supports the development of systems that are agile, efficient, and cost-effective. Its technical expertise in integrating software with innovative silicon designs enables customers to achieve faster time-to-market while reducing the inherent risks in hardware design. This blend of technical prowess and market insight positions QuickLogic as an authoritative source of innovative solutions in the rapidly advancing semiconductor landscape.
Conclusion
In summary, QuickLogic Corporation is an established innovator in the realm of customizable semiconductor solutions. With a diverse portfolio built around embedded FPGA technology and a focus on strategic partnerships, QuickLogic is equipped to address the demanding and evolving needs of industries ranging from mobile and consumer electronics to aerospace, defense, and industrial IoT. Its commitment to delivering low power, high-performance, and cost-effective solutions continues to define its market significance and impact, ensuring that its customers remain at the forefront of technological innovation.
QuickLogic (NASDAQ: QUIK) has successfully delivered embedded FPGA (eFPGA) IP for TSMC's N12e 12nm process to a large multi-national customer in record time—within three months from finalizing specifications to IP completion. This achievement follows a contract secured in March 2024. The IP is designed for a new ultra-low-power SoC targeting commercial and industrial IoT markets, enabling fast adaptation to evolving AI algorithms while offering significant power and throughput advantages over traditional software solutions.
QuickLogic's CEO, Brian Faith, emphasized the company's commitment to accelerating development schedules, attributing their success to decades of experience and their proprietary Australis IP Generator. The delivered IP is now available for further customization, allowing QuickLogic to meet diverse customer requirements across various industries and adapt to specific needs in a short timeframe.
QuickLogic (NASDAQ: QUIK), a leader in embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, has announced its participation in GlobalFoundries' annual Technology Summit in Munich on September 18, 2024. The company will be exhibiting at Booth 19, showcasing its Bespoke eFPGA IP Core, which supports multiple GF processes and can be custom-tailored for various applications.
QuickLogic's eFPGA IP can be implemented on multiple process nodes, including 65nm, 40nm, 22FDX®, and 12LP/LP+. This versatility enables its use across diverse industries, from aerospace and defense to industrial applications. Attendees will have the opportunity to discuss their specific needs with experts and explore how programmable logic can benefit their projects.
QuickLogic (NASDAQ: QUIK) reported a 41% year-over-year revenue growth for Q2 fiscal 2024. Total revenue reached $4.1 million, with new product revenue at $3.1 million, up 36.9% from Q2 2023. The company's GAAP gross margin improved to 51.0% from 41.2% in Q2 2023. QuickLogic reported a GAAP net loss of $1.6 million, or ($0.11) per share, compared to a net loss of $2.3 million in Q2 2023. Notable achievements include joining Intel Foundry Accelerator IP and USMAG Alliance Programs, receiving a $5.26 million contract tranche, and expanding global distribution partnerships. The company also highlighted growth in its sales funnel to $189 million.
QuickLogic (NASDAQ: QUIK) has announced a strategic partnership with CTG, a division of Blue Raven Solutions, to strengthen the aerospace and defense supply chain. CTG will be the sole source distributor for QuickLogic's embedded FPGA (eFPGA) Hard IP in this sector. This collaboration aims to provide customizable solutions for ruggedized SoCs and ASICs, addressing obsolescence challenges and enhancing flexibility in mission-critical applications.
The partnership leverages CTG's industry experience and network to connect QuickLogic's eFPGA IP solutions with key players in aerospace and defense. QuickLogic's technology offers programmable logic and custom eFPGA IP cores, enabling tailored solutions that can reduce system costs, extend product lifecycles, and lower power consumption for mission-critical applications.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs, and Endpoint AI solutions, has announced its second quarter fiscal 2024 financial results conference call scheduled for August 13, 2024, at 5:30 p.m. ET. The company will also participate in several upcoming investor conferences in the third quarter of 2024, including:
- Oppenheimer Annual Technology, Internet & Communications Conference (August 14)
- Needham Semiconductor & SemiCap 1x1 Conference (August 21/22)
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference (August 27)
- H.C. Wainwright 26th Annual Global Investment Conference (September 10/13)
Webcasts and investor presentations will be accessible from QuickLogic's Investors section on their website.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, has signed a distribution agreement with Astute Electronics. This partnership aims to expand QuickLogic's global reach by supporting customers across Europe, Australia, Israel, Turkey, and New Zealand.
Astute Electronics, an expert in electronic component procurement and distribution, will deliver QuickLogic's solutions to diverse customers, particularly in Aerospace and Defense sectors. The collaboration is expected to enhance the accessibility of QuickLogic's FPGAs and eFPGA Hard IP in key regions, ensuring excellent customer service and support.
SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), has introduced a new generative AI feature in its Data Studio application for IoT edge devices. This innovative text-to-speech (TTS) and AI voice generation capability allows developers to create hyper-realistic synthetic speech datasets for building robust keyword recognition, voice command, and speaker identification models on low-power microcontrollers.
The new feature leverages ElevenLabs' speech generation technology to simplify the creation of large, high-quality datasets with customizable voice attributes. This advancement accelerates time-to-market for voice-enabled IoT devices by eliminating the need for manual recording of diverse speakers. The generated datasets are compatible with SensiML's Analytics Studio and open-source AutoML tool, Piccolo AI™, facilitating seamless model deployment.
Everspin Technologies (NASDAQ: MRAM) has secured a $1.8 million contract with QuickLogic (NASDAQ: QUIK) to provide its AgILYST MRAM technology, logic design, and manufacturing services for developing a Strategic Radiation Hardened (SRH) FPGA. This contract is part of a larger $5.26 million Strategic Radiation Hardened Contract awarded to QuickLogic by the Department of Defense (DoD).
The project aims to support current and future DoD strategic and space system requirements. Everspin's involvement builds on its 12 years of experience in delivering MRAM IP for strategic radiation hardened and space applications. The collaboration also includes Honeywell, focusing on integrating MRAM directly into the FPGA product for DoD applications.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, has announced its participation in the Nuclear and Space Radiation Effects Conference (NSREC) in Ottawa. The company will be exhibiting at Booth #200 on July 23-24, 2024, at the Shaw Centre. QuickLogic aims to showcase how its solutions are enhancing next-generation aerospace and defense applications with superior reliability and performance in radiation-hardened environments.
QuickLogic (NASDAQ: QUIK) has announced a new distribution agreement with Spur Microwave Inc. (Spur India) to expand its presence in the Indian market. Spur India, a prominent electronics distributor with over 25 years of experience, will now offer QuickLogic's innovative semiconductor products, including FPGAs and eFPGA Hard IP, throughout India.
This partnership aims to provide direct access to QuickLogic's products for customers in the region, particularly for space, avionics, and harsh environment applications where reliability is critical. The collaboration is expected to drive innovation and growth in the Indian electronics market, leveraging Spur India's expertise and QuickLogic's advanced semiconductor solutions.
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