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 Corporation (NASDAQ: QUIK) will exhibit at GOMACTech 23 on March 21-22, 2023, in San Diego, CA. The company specializes in ultra-low power multi-core voice-enabled SoCs and embedded FPGA (eFPGA) solutions. At the event, QuickLogic will showcase its innovative design methodology, Australis, which automates architecture exploration for optimal FPGA performance tailored to mission-critical applications. Their products, supported by the Aurora FPGA User Tools, utilize 100% open-source software for transparency and longevity. QuickLogic aims to enhance AI, voice, and sensor processing across various industries.
SensiML Corporation, a developer of AI tools for IoT endpoints, will exhibit at Embedded World in Germany and the tinyML Summit in California. The company will showcase its IoT sensor recognition models and a voice ID Smart Lock. According to ABI Research, TinyML Software-as-a-Service revenue surpassed US$220 million in 2022, projected to become a billion-dollar market by 2030. SensiML, a subsidiary of QuickLogic (Nasdaq: QUIK), aims to provide developers with advanced tools for deploying machine learning at the edge.
QuickLogic Corporation (NASDAQ: QUIK) reported its fiscal fourth quarter and year results ending January 1, 2023. Total revenue for Q4 2022 reached $4.1 million, up 18.1% from Q3 2022 and 10.2% year-over-year. The company achieved a 28% increase in total revenue for fiscal 2022, totaling $16.2 million. New product revenue surged 50% from the previous year to $11.7 million. Despite the growth, GAAP net loss for Q4 2022 was $1.2 million, a slight improvement from prior losses. QuickLogic anticipates organic sales growth of over 30% in 2023, bolstered by a $6.9 million government contract and a growing sales funnel of $118 million.
QuickLogic Corporation (NASDAQ: QUIK) announced the launch of the Aurora 2.1 Development Tool Suite, enhancing eFPGA development capabilities. This updated version is fully open-source, supporting all major Hardware Description Languages (HDL) like Verilog, System Verilog, and VHDL. Key benefits include architectural trade-offs, increased transparency, and flexibility for FPGA designers. The suite facilitates the transition from RTL to bitstream, allowing for tailored architecture to meet specific customer needs. QuickLogic emphasizes its commitment to open-source innovation, which aims to improve device lifecycles and profitability. The Aurora 2.1 suite is now available for developers.
FAQ
What is the current stock price of QuickLogic (QUIK)?
What is the market cap of QuickLogic (QUIK)?
What does QuickLogic Corporation specialize in?
What are Customer Specific Standard Products (CSSPs)?
What industries does QuickLogic serve?
What recent achievements has QuickLogic announced?
What is eFPGA?
What is the Aurora 2.6 tool suite?
What is SensiML Corporation?
How did QuickLogic perform financially in the first quarter of 2024?
What is the significance of QuickLogic's inclusion in the Russell 3000® Index?
How can investors stay updated about QuickLogic?
