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 reports developments in fabless semiconductor products built around embedded FPGA technology, ruggedized programmable logic and specialized FPGA devices. News commonly covers eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs, chiplet-related offerings, endpoint AI solutions and low-power platforms such as the EOS S3 SoC for always-on sensing applications.
Company updates also include customer contracts for advanced process technologies, technical demonstrations of RadPro FPGA development tools, sales-channel appointments, conference presentations, quarterly financial results and capital resources such as revolving credit facilities. The recurring business themes center on programmable logic for aerospace and defense, industrial, computing, consumer and embedded edge applications.
QuickLogic (NASDAQ: QUIK) has announced a new distribution agreement with Magenta Technology , expanding its market presence in Turkiye and the UAE. The partnership aims to deliver QuickLogic's embedded FPGA (eFPGA) Hard IP and ruggedized FPGA solutions to key sectors including defense, aerospace, and telecommunications in these regions.
The collaboration leverages Magenta's local expertise and extensive customer base in the Middle East, with the Ankara-based company serving as a critical technologies and components supplier. Owen Bateman, QuickLogic's VP of worldwide sales, highlighted the strategic importance of reaching key target customers through Magenta's regional presence, while Magenta's Managing Partner Volkan Tunarli emphasized the value addition to their portfolio.
QuickLogic (NASDAQ: QUIK) announced its Board of Directors is exploring strategic options for its wholly-owned subsidiary, SensiML, including potential sale discussions with strategic partners. The decision comes as QuickLogic aims to focus entirely on its core eFPGA Hard IP and ruggedized FPGA business.
The strategic shift is driven by recent successes, including eFPGA Hard IP design wins with strategic customers, expansion of government contracts, performance improvements in eFPGA Hard IP products, changes in the competitor landscape, and increased customer interest from former competitors' clients.
While SensiML's AI/ML capabilities initially aligned with QuickLogic's sensor processing focus, the company has decided to redirect all resources toward its core business model and Storefront opportunities due to the profitability of its eFPGA Hard IP and ruggedized FPGA products.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs and Endpoint AI solutions, has announced its participation in two upcoming investor conferences. Management will present at the 27th Annual Needham Growth Conference in New York City on January 15, 2025, at 3:45 PM ET at the Lotte NY Palace Hotel. Additionally, the company will participate in the virtual Oppenheimer 10th Annual Emerging Growth Conference on February 26, 2025, offering one-on-one meetings.
Interested investors can contact QuickLogic Investor Relations or their Needham and Oppenheimer representatives to participate. A webcast of the Needham conference presentation will be available on the company's investor relations website, along with the investor presentation materials.
QuickLogic (NASDAQ: QUIK) has secured a $6.575 million contract for its Strategic Radiation Hardened (SRH) program, marking the fourth tranche of funding in a multi-year initiative that began in August 2022. The contract supports the development and demonstration of SRH high-reliability Field Programmable Gate Array (FPGA) technology aimed at meeting Department of Defense (DoD) strategic and space system requirements. As Prime Contractor, QuickLogic has now received over $33 million in total funding for this specialized program, which focuses on delivering innovative FPGA technology for the Aerospace and Defense Industrial Base (DIB).
QuickLogic (NASDAQ: QUIK) has appointed Andy Jaros as Vice President of IP Sales, effective immediately. Jaros brings over two decades of leadership experience in semiconductor IP and embedded systems from companies including ARM, Virage Logic, Synopsys, and FlexLogix. He will report directly to CEO Brian Faith.
The appointment aims to support the growing market demand for eFPGA solutions. QuickLogic's Australis automated eFPGA IP Generator positions the company to support new customers quickly and cost-effectively. The company leverages its 30-year experience in programmable logic solutions, including FPGA devices, eFPGA Hard IP, and fab management services through its Storefront service.
QuickLogic (NASDAQ: QUIK) will showcase its embedded FPGA (eFPGA) hard IP solutions at Space Tech Expo Europe 2024 in Bremen, Germany from November 19-21, 2024. The company's solutions are specifically designed for aerospace and space sectors, offering high-performance, low-power options with pre-verified, silicon-proven reliability. QuickLogic's eFPGA Hard IP, based on 100% silicon proven standard cells, includes radiation tolerant/hardened options and reduces development time, cost, and risk through pre-optimization for specific manufacturing nodes.
QuickLogic (NASDAQ: QUIK) reported its fiscal Q3 2024 financial results with total revenue of $4.3 million, showing a 35.9% decrease year-over-year but a 3.5% increase quarter-over-quarter. New product revenue was $3.5 million, down 42% from Q3 2023. The company reported a GAAP net loss of ($2.1 million), or ($0.14) per share, compared to net income of $1.2 million in Q3 2023. Notable achievements include delivering eFPGA IP for GlobalFoundries' 12LP process and TSMC's N12e process, while continuing development of eFPGA Hard IP core for Intel 18A process.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs and Endpoint AI solutions, has scheduled its third quarter fiscal 2024 financial results conference call for Monday, November 11, 2024, at 5:30 p.m. ET. The company also announced participation in two upcoming investor events: the Craig-Hallum Alpha Select 1x1 Conference on November 19 and the 13th Annual NYC Summit on December 17. A webcast of the earnings call will be available on QuickLogic's IR Site Events Page for 12 months.
SensiML , a subsidiary of QuickLogic (NASDAQ: QUIK), has announced the integration of RISC-V processor support within its AI development tool suite. This addition offers developers increased flexibility in building intelligent, resource-constrained edge devices with AI/ML sensor data processing. The open-source nature of RISC-V aligns with SensiML's commitment to transparent and accessible solutions for the IoT market.
Developers can now use SensiML's open-source Piccolo AI AutoML tool to create ultra-efficient machine learning models tailored to specific applications using fully open-source hardware and software. This combination unlocks RISC-V's advantages in cost, customization, and scalability. According to Omdia's forecast, RISC-V processors are expected to grow from under 1% market share in 2020 to nearly 25% of global processors sold by 2030.
SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), has partnered with Efabless to revolutionize IoT development. This collaboration aims to simplify and accelerate the creation of optimized, application-specific AI at the edge using fully open-source hardware and software. The partnership addresses two key challenges:
1. Sourcing low-cost, power-efficient silicon tailored for specific IoT edge products
2. Implementing accurate sensor AI inference models for resource-constrained devices
The joint solution combines Efabless's custom SoC development platform with SensiML's AutoML software, enabling developers to create sophisticated edge AI solutions more efficiently. The partnership leverages open-source technologies, including RISC-V processor cores and SensiML's Piccolo AI™ AutoML toolchain. A live demo showcasing a power-optimized keyword recognition system will be presented at Embedded World USA in Austin, TX.