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 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
-
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
-
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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.29%
Tags
-
Rhea-AI Summary
QuickLogic Corporation (NASDAQ: QUIK) to discuss Q4 and fiscal year 2023 financial results in a conference call on February 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.4%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.05%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.8%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.2%
Tags
FAQ
What is the current stock price of QuickLogic (QUIK)?
The current stock price of QuickLogic (QUIK) is $6.88 as of November 18, 2024.
What is the market cap of QuickLogic (QUIK)?
The market cap of QuickLogic (QUIK) is approximately 100.7M.
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
100.68M
14.71M
8.4%
31.05%
11.33%
Semiconductors
Semiconductors & Related Devices
United States of America
SAN JOSE