QuickLogic Corp - QUIK STOCK NEWS

QuickLogic Corporation (NASDAQ: QUIK) announced a partnership with Andes Technology Corporation to promote the integration of eFPGA technology into RISC-V processor-based subsystems. This collaboration aims to enhance post-manufacturing flexibility for SoC designs, extending their lifecycles and profitability. QuickLogic's eFPGA technology enables developers to adapt their designs for new standards and market opportunities, benefiting applications in 5G, IoT, AI, and more. This solution is available to Andes' customers, facilitating efficient SoC integration across various foundries and process nodes.

QuickLogic Corporation (NASDAQ: QUIK), known for its ultra-low power multi-core voice-enabled SoCs and AI solutions, will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 3:45 p.m. ET. The event will be held at the Lotte New York Palace Hotel in New York City. QuickLogic management will be available for one-on-one meetings on January 10 and 11. Investors can access the live webcast and presentation materials on QuickLogic's website. For inquiries, contact QuickLogic Investor Relations.

QuickLogic Corporation (NASDAQ: QUIK) has signed an embedded FPGA (eFPGA) IP agreement with Yu-Hsin Layout Technology to enhance IC layout services. This partnership allows Yu-Hsin to integrate QuickLogic's eFPGA technology, offering post-manufacturing design flexibility to SoC customers globally. Such integration could extend device lifecycles and significantly boost revenue and profitability. Yu-Hsin specializes in full custom IC layout services, collaborating with major clients like TSMC and Samsung, and is poised to leverage this agreement for rapid and efficient SoC integration.

QuickLogic Corporation (NASDAQ: QUIK) announced its third quarter financial results for fiscal 2022, reporting total revenue of $3.5 million, a decrease of 23.8% from the previous quarter and 10.3% year-over-year. New product revenue fell by 28.1% quarter-over-quarter to $2.3 million, while mature product revenue was $1.2 million, reflecting a 14.4% decline from Q2 but a 9.7% increase year-over-year. The company reported a GAAP net loss of $1.3 million or $0.11 per share. QuickLogic also highlighted the commencement of a $6.9 million government contract, promising future contributions to revenue.

QuickLogic Corporation (NASDAQ: QUIK) has signed an embedded FPGA (eFPGA) IP sales representative agreement with CHIP-gogo, enhancing its presence in Japan. This collaboration leverages CHIP-gogo's extensive semiconductor IP experience and customer relationships to integrate QuickLogic's eFPGA technology within SoC designs, providing flexibility and reducing the need for costly silicon redesigns. The eFPGA IP is now available for integration, enabling customers to address changing market demands efficiently.

QuickLogic Corporation (NASDAQ: QUIK) announced its participation in three investor conferences scheduled for November and December 2022. The events include the Roth 11th Annual Technology Event on November 16 at the Yale Club in New York, the Craig-Hallum Alpha Select Conference on November 17 at the Sheraton New York Times Square, and the Oppenheimer 5G Summit on December 13 (virtual). Interested investors should contact QuickLogic Investor Relations. Webcasts and investor presentations will be available on QuickLogic's website.

QuickLogic Corporation (NASDAQ: QUIK) has signed a distribution agreement with Taiwanese distributor MA Technology to expand its embedded FPGA (eFPGA) IP offerings in Taiwan. This partnership enhances SoC developers' design flexibility, allowing post-production changes to address evolving market needs and competitive challenges. MA Technology will incorporate QuickLogic's eFPGA technology into various applications, including storage, communications, and consumer electronics. The eFPGA IP is available for immediate integration, enabling faster and more efficient SoC development.

QuickLogic Corporation (NASDAQ: QUIK) announced the resignation of Dan Rabinovitsj from its Board of Directors, effective November 1, 2022. Rabinovitsj, who has served since 2014, will pursue a new opportunity in life sciences. Chairman Michael R. Farese acknowledged Rabinovitsj's contributions to QuickLogic’s technology and financial strategy during his tenure. QuickLogic will continue with a seven-member board and remains focused on its embedded FPGA technology. The company aims for profitable growth under CEO Brian Faith’s leadership in the evolving semiconductor industry.