QuickLogic Announces the Amendment and Extension of Credit Facility
QuickLogic (NASDAQ: QUIK), a provider of embedded FPGA Hard IP and ruggedized FPGAs, has announced the eighth amendment to its amended and restated credit facility. The amendment, effective March 17, 2025, maintains the $20 million credit facility and extends the maturity date from December 31, 2025 to December 31, 2026.
CFO Elias Nader highlighted that the extension provides enhanced operational flexibility as the company continues execution on its large government contract, new eFPGA IP Licenses, and Storefront business. The company cited solid results and improving business outlook as factors in the credit facility extension.
QuickLogic (NASDAQ: QUIK), fornitore di FPGA Hard IP incorporati e FPGA rinforzati, ha annunciato l'ottava modifica alla sua linea di credito emendata e ripristinata. La modifica, efficace dal 17 marzo 2025, mantiene la linea di credito da 20 milioni di dollari e prolunga la data di scadenza dal 31 dicembre 2025 al 31 dicembre 2026.
Il CFO Elias Nader ha sottolineato che l'estensione offre una maggiore flessibilità operativa mentre l'azienda continua l'esecuzione del suo ampio contratto governativo, delle nuove licenze eFPGA IP e dell'attività Storefront. L'azienda ha citato risultati solidi e un miglioramento delle prospettive aziendali come fattori nell'estensione della linea di credito.
QuickLogic (NASDAQ: QUIK), proveedor de IP de FPGA Hard embebido y FPGAs resistentes, ha anunciado la octava enmienda a su línea de crédito enmendada y restablecida. La enmienda, que entra en vigor el 17 de marzo de 2025, mantiene la línea de crédito de 20 millones de dólares y extiende la fecha de vencimiento del 31 de diciembre de 2025 al 31 de diciembre de 2026.
El CFO Elias Nader destacó que la extensión proporciona una mayor flexibilidad operativa mientras la empresa continúa con la ejecución de su gran contrato gubernamental, nuevas licencias de eFPGA IP y el negocio de Storefront. La empresa citó resultados sólidos y una mejora en las perspectivas comerciales como factores en la extensión de la línea de crédito.
퀵로직 (NASDAQ: QUIK), 임베디드 FPGA 하드 IP 및 견고한 FPGA의 제공업체,가 수정 및 재작성된 신용 시설에 대한 여덟 번째 수정안을 발표했습니다. 이 수정안은 2025년 3월 17일부터 효력이 발생하며, 2천만 달러 신용 시설을 유지하고 만기일을 2025년 12월 31일에서 2026년 12월 31일로 연장합니다.
CFO 엘리어스 나더는 이 연장이 회사가 대규모 정부 계약, 새로운 eFPGA IP 라이센스 및 스토어프론트 비즈니스 실행을 계속하는 동안 운영 유연성을 높여준다고 강조했습니다. 회사는 신용 시설 연장의 요인으로 견고한 실적과 개선된 사업 전망을 언급했습니다.
QuickLogic (NASDAQ: QUIK), fournisseur de FPGA Hard IP embarqués et de FPGAs robustes, a annoncé la huitième modification de son crédit amendé et révisé. La modification, effective à partir du 17 mars 2025, maintient la ligne de crédit de 20 millions de dollars et prolonge la date d'échéance du 31 décembre 2025 au 31 décembre 2026.
Le CFO Elias Nader a souligné que cette extension offre une flexibilité opérationnelle accrue alors que l'entreprise continue d'exécuter son important contrat gouvernemental, ses nouvelles licences eFPGA IP et son activité Storefront. L'entreprise a cité des résultats solides et une amélioration des perspectives commerciales comme facteurs de l'extension de la ligne de crédit.
QuickLogic (NASDAQ: QUIK), Anbieter von eingebetteten FPGA Hard IPs und robusten FPGAs, hat die achte Änderung seiner geänderten und neu gefassten Kreditfazilität bekannt gegeben. Die Änderung, die am 17. März 2025 in Kraft tritt, behält die 20-Millionen-Dollar-Kreditfazilität bei und verlängert das Fälligkeitsdatum vom 31. Dezember 2025 auf den 31. Dezember 2026.
Der CFO Elias Nader hob hervor, dass die Verlängerung eine verbesserte operationale Flexibilität bietet, während das Unternehmen die Ausführung seines großen Regierungsvertrags, neuer eFPGA IP-Lizenzen und des Storefront-Geschäfts fortsetzt. Das Unternehmen nannte solide Ergebnisse und eine verbesserte Geschäftsaussicht als Faktoren für die Verlängerung der Kreditfazilität.
- Maintained $20M credit facility capacity
- Extended credit facility maturity by one year to December 2026
- Company reports solid results and improving business outlook
- Ongoing execution of large government contract and eFPGA IP licenses
- None.
The Eighth Amendment maintains the credit facility of
"We are pleased to have the continued support of Heritage Bank," said Chief Financial Officer, Elias Nader. "Extending our credit facility provides us with enhanced operational flexibility as we continue execution on our large government contract, new eFPGA IP Licenses, and Storefront business while recognizing our solid results and improving business outlook."
Additional details on the terms of the amendment are available in the 8-K filed with the Securities and Exchange Commission on March 20, 2025.
About QuickLogic
QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for industrial, aerospace, consumer, and computing markets. For more information, visit www.quicklogic.com.
QuickLogic uses its website (www.quicklogic.com), the company blog (https://www.quicklogic.com/blog/), corporate Twitter account (@QuickLogic_Corp), Facebook page (https://www.facebook.com/QuickLogic), and LinkedIn page (https://www.linkedin.com/company/13512/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company's website and its social media accounts in addition to following the Company's press releases, SEC filings, public conference calls, and webcasts.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, expectations regarding our future business and results and ability to win new customer contracts and actual results may differ due to a variety of factors including: delays in the market acceptance of the Company's new products; the ability to convert design opportunities into customer revenue; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers' products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our ability to hire and retain qualified personnel; our ability to capitalize on synergies with our subsidiary SensiML Corporation; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters and other business interruptions that could disrupt supply or delivery of, or demand for, the Company's products; the unpredictable and ongoing impact of the effects from the COVID-19 pandemic; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company's public reports filed with the Securities and Exchange Commission (the "SEC"), including the risks discussed in the "Risk Factors" section in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in the Company's prior press releases, which are available on the Company's Investor Relations website at http://ir.quicklogic.com/, and on the SEC website at www.sec.gov/. In addition, please note that the date of this press release is March 20, 2025, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We are not obliged to update these statements due to latest information or future events.
QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.
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SOURCE QuickLogic Corporation
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