QuickLogic Corp - QUIK STOCK NEWS

QuickLogic Corporation (NASDAQ: QUIK) announced a significant financial milestone with a new eFPGA contract valued at approximately $7 million, marking the largest contract in its history, potentially growing to tens of millions. For Q2 FY2022, total revenue reached $4.5 million, up 58% year-over-year. New product revenue was approximately $3.1 million, reflecting a 148% increase from the same period last year, though down 9.2% from Q1 2022. The company's GAAP net loss improved to $0.5 million from $1.2 million in Q1 2022. Gross margins were 56% GAAP and 58.6% non-GAAP.

QuickLogic Corporation (NASDAQ: QUIK) announced its participation in the Rosenblatt Virtual Technology Summit on August 24, 2022, at 3:00 p.m. Eastern Time. The company focuses on ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, and Endpoint AI solutions. Interested investors can contact QuickLogic Investor Relations for meetings. A webcast of the summit will be available on QuickLogic's website. The company develops low power semiconductor platforms that integrate AI and sensor processing for various applications.

QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power semiconductor solutions, has scheduled a conference call for August 16, 2022, at 5:30 p.m. ET to discuss its second quarter fiscal year 2022 financial results. Investors can join the call using the toll-free number 1-877-407-0792 or internationally at 1-201-689-8263. A replay will be available until August 23, 2022. The company specializes in multi-core voice-enabled SoCs and embedded FPGA IP solutions, catering to AI and sensor processing across diverse applications.

SensiML Corporation announced the successful deployment of an AI-based vibration sensor by its customer, aiSensing, for a leading Taiwanese manufacturer. This intelligent sensor monitors vibration patterns, detects anomalies, and issues maintenance requests, enhancing factory productivity and reducing equipment downtime. The local AI implementation ensures low costs, fast response times, and high data security. Developed on QuickLogic's EOS S3 SoC, this predictive maintenance solution is a significant advancement in smart manufacturing.

QuickLogic Corporation (NASDAQ: QUIK) and eTopus have launched the industry's first disaggregated eFPGA-enabled chiplet template solution, providing unparalleled design flexibility for high-performance applications. Initially available as configurable IP, the chiplet will utilize 6nm process technology with a starting eFPGA LUT count of 200K. The template supports emerging chiplet interfaces, facilitating seamless integration with customer devices. It will be available in the first half of 2023, enabling customizable solutions that enhance product differentiation in the market.

SensiML Corporation announced its participation in three major industry conferences to showcase its SensiML Analytics Toolkit, designed for developing intelligent IoT endpoints. The events include:

• Embedded Technology Conference in Las Vegas on June 8-9.
• Embedded World in Nuremberg, Germany from June 21-23.
• Sensors Converge 2022 in San Jose on June 27-29.

The toolkit simplifies AI implementation in IoT devices through automated processes.

QuickLogic Corporation (NASDAQ: QUIK) has secured a significant eFPGA contract worth approximately $3.0 million, marking the largest contract of its kind to date. This contract increases the total value of eFPGA engagements since July 2021 to over $9.0 million. The company plans to utilize its Australis™ eFPGA IP Generator to tailor the eFPGA configuration for the client. Initial revenue is anticipated to commence this quarter and continue through June 2025, with additional revenue expected post-contract.

QuickLogic Corporation (NASDAQ: QUIK) will participate in the H.C. Wainwright Hybrid Global Investment Conference on May 24, 2022. The event will feature a presentation at 4:30 p.m. Eastern Time, available both virtually and in-person at the Fontainebleau Miami Beach Hotel, with meetings from 8:30 a.m. to 4:00 p.m. Eastern Time. Investors can contact QuickLogic Investor Relations for participation details. A webcast of the presentation will be accessible on their investors' website, alongside a replay afterward.

QuickLogic Corporation (NASDAQ: QUIK) reported a strong financial performance for Q1 2022, with total revenue reaching $4.1 million, marking an 83% year-over-year increase. New product revenue surged 221% compared to Q1 2021, primarily from eFPGA IP licenses and connectivity products. The company announced two new eFPGA contracts worth approximately $2.5 million. Despite challenges in mature product revenue, which fell 45% year-over-year, gross margins improved to 60.1%. The net loss decreased to $1.2 million, or $0.10 per share.