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 (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.
QuickLogic (NASDAQ: QUIK) announced a $5.26 million contract award from the Department of Defense (DoD). This marks the third tranche of the Strategic Radiation Hardened (SRH) Contract initiated in August 2022. QuickLogic will act as the Prime Contractor, partnering with Honeywell Aerospace and Everspin Technologies. The project focuses on developing and demonstrating SRH high-reliability Field Programmable Gate Array (FPGA) technology for strategic and space system requirements. CEO Brian Faith highlighted the company's 30+ years of experience in delivering FPGA technology to aerospace and defense sectors.
SensiML , a subsidiary of QuickLogic (NASDAQ: QUIK), has launched Piccolo AI, the first open-source AutoML solution for IoT edge AI. This initiative aims to democratize access to edge AI technology, allowing developers and researchers to create intelligent sensor algorithms with ease. The project includes a comprehensive suite of resources, accessible at sensiml.org, and a dedicated community forum at forum.sensiml.org for collaboration. The core codebase is available on GitHub, enabling users to leverage cutting-edge technology and contribute to ongoing advancements. CEO Chris Rogers highlights that this launch is a significant milestone in making AI technology more accessible and fostering community-driven innovation.
QuickLogic (NASDAQ: QUIK) will exhibit at DAC 2024 in San Francisco from June 24-26. The company will showcase its eFPGA Hard IP technology and Australis™ IP Generator at Booth #2358. Dr. Tim Saxe, CTO of QuickLogic, will present at the Intel Foundry booth on June 25th. The eFPGA Hard IP provides post-manufacturing design flexibility, increasing device market size and lifecycle, enhancing profitability. Australis™ IP Generator automates eFPGA Hard IP generation, enabling cost-effective targeting of various foundries and process nodes.
QuickLogic announced its partnership with Intel Foundry's Accelerator IP and USMAG Alliance Programs, allowing Intel Foundry customers to utilize QuickLogic's embedded FPGA (eFPGA) Hard IP and open-source development tools. This collaboration aims to provide customer-definable eFPGA Hard IP optimized for Power, Performance, and Area on the Intel 18A process. QuickLogic's inclusion in these alliances marks a strategic milestone, enhancing the availability of their technology across various sectors, including consumer, industrial, aerospace, and defense. With over 30 years of experience and 50 million devices shipped, QuickLogic leverages its proprietary Australis IP Generator to deliver optimized eFPGA cores, meeting diverse customer needs without compromising time-to-market.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, announced its inclusion in the Russell 3000® Index, effective July 1, 2024. This move follows the release of the preliminary additions list on May 24, 2024.
The Russell 3000® Index encompasses the largest 4,000 US stocks, ranked by market capitalization as of April 30, 2024. Membership guarantees inclusion in the Russell 2000® Index and relevant growth and value style indexes for one year.
This recognition highlights QuickLogic's growth and strategic transformation since launching its eFPGA IP business model in 2020. The Russell indexes, used by institutional investors to benchmark around $10.5 trillion in assets, are essential for accurate market reflection and investment strategies.
QuickLogic announced it has received the 'Partner 2 Win' Supplier of the Year award from BAE Systems in the 'FAST LabsTM Technology Innovation Partner Of The Year' category. This recognition highlights QuickLogic's commitment to delivering advanced embedded FPGA Hard IP technology for BAE Systems' Electronic Systems sector in 2023. The award is part of BAE Systems' initiative to promote operational excellence and high-quality standards in its supply chain by collaborating closely with its suppliers.
SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), has launched the first complete open-source AutoML solution for developing edge AI/ML applications. This new release, part of SensiML's Analytics Studio, supports various edge processors and silicon vendors, aiming to enhance innovation and transparency in the IoT device developer community. The solution promises faster model creation, flexibility, and support for numerous time-series sensors. This initiative could significantly impact the projected market growth of AI-enabled edge devices, estimated to reach 3.5 billion units by 2027.
The solution offers platform-agnostic model generation, rapid innovation through community collaboration, and extensive model development capabilities. Users can choose between the open-source version and a fully managed SaaS cloud service. SensiML seeks to leverage the success of QuickLogic's previous open-source projects to democratize edge AI/ML development further.
QuickLogic (NASDAQ: QUIK) announced its financial results for Q1 fiscal 2024, with notable revenue growth. The company reported a 45.3% increase in total revenue year-over-year, amounting to $6.0 million. New product revenue increased by 59.6% to $4.9 million. GAAP gross margin was 66.3%, and GAAP net income was $0.1 million, marking an improvement from a net loss in Q1 2023. Non-GAAP net income was $1.7 million. The company signed two new IP contracts and announced a strategic partnership to develop radiation-tolerant eFPGA IP. QuickLogic is on track for 30%+ revenue growth in 2024 and positive cash flow.
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.
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