QuickLogic Corp - QUIK STOCK NEWS

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.

QuickLogic Corporation (NASDAQ: QUIK) has announced a conference call scheduled for February 27, 2023, at 5:30 p.m. ET to discuss its fourth quarter and fiscal year 2022 financial results. The call aims to outline key financial metrics and company performance. Investors can access the live call by dialing 1-877-407-0792 (toll-free) or 1-201-689-8263 (international). A replay will be available until March 6, 2023. QuickLogic is a fabless semiconductor company focusing on low-power, multi-core semiconductor solutions for AI, voice, and sensor processing.

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.