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.
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QuickLogic Corporation (NASDAQ: QUIK) reported record GAAP and non-GAAP net income for fiscal Q4 2023, with revenue growth of 31% for fiscal 2023. The company announced a new IP contract targeting 12nm fabrication node and saw a significant increase in gross profit. QuickLogic's sales funnel grew to a record $168 million, and the line of credit was increased to $20 million. The CEO anticipates continued growth and profitability in 2024 and beyond.
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QuickLogic Corporation (NASDAQ: QUIK) to discuss Q4 and fiscal year 2023 financial results in a conference call on February 27, 2024.
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QuickLogic Corporation (NASDAQ: QUIK) will participate in the upcoming Chiplet Summit in Santa Clara, CA, with CEO Brian Faith as a distinguished panelist. The company will also have a booth with its partner, YorChip, showcasing their partnership leveraging QuickLogic's eFPGA IP technology to create the first UCIe-compatible FPGA chiplet ecosystem.
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SensiML Corporation (NASDAQ: QUIK) launches Data Studio, a platform for collaborative sensor data management, analysis, and modeling, aiming to redefine the landscape of sensor data management. The platform offers real-time connectivity, intuitive visualization tools, and robust support for large-scale collaborative projects, significantly improving productivity and simplifying dataset management for developers on edge devices, gateways, PCs, and cloud platforms.
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QuickLogic Corporation (NASDAQ: QUIK) announced the Seventh Amendment to its credit facility, increasing the line of credit from $15M to $20M and extending the maturity date from December 31, 2024, to December 31, 2025. The company received continued support from Heritage Bank, providing enhanced operational flexibility for business needs.
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QuickLogic Corporation (NASDAQ: QUIK) CEO Brian Faith will be speaking at the International Conference on Field Programmable Technology (FPT'23) in Yokohama, Japan. The presentation will focus on open-source FPGA development and its potential impact on innovation and growth in the market.
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QuickLogic Corporation (NASDAQ: QUIK) has been selected by a leading global semiconductor company for an eFPGA IP targeting the UMC 22nm platform. QuickLogic's eFPGA IP solution, powered by the Australis™ IP generator, was chosen for its ability to deliver a customized eFPGA IP version within one quarter of contract signing, and the short time for creating subsequent eFPGA IPs based on this configuration. The selection of our eFPGAs for this UMC 22nm-based project further underscores the strength of the QuickLogic technology and the Australis IP generator.
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QuickLogic Corporation (NASDAQ: QUIK) Releases Aurora eFPGA Development Tool Suite Version 2.4 with Enhanced Utilization and Performance
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QuickLogic Corporation (NASDAQ: QUIK) reported strong fiscal third quarter 2023 financial results, including a 128.2% increase in total revenue compared to the previous quarter. The company also achieved record non-GAAP net income of $1.8 million and reaffirmed full-year revenue growth of 30% and non-GAAP profitability for 2023. With significant contributions from a large government contract and accelerated conversions from sales funnel opportunities, QuickLogic demonstrated robust performance across its product lines and expanded its served available market.
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QuickLogic Corporation (NASDAQ: QUIK) to showcase its eFPGA IP cores and FPGA devices at Space Tech Expo Europe 2023, highlighting its tailored solutions for the aerospace and space industry. Dr. Sunil Dixit, Director of Government Programs, will present the benefits of QuickLogic's Australis IP generators, emphasizing fast time-to-market and cost-effective FPGA development.
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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
United States of America
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