QUIK
QuickLogic Corporation6.06
-0.02-0.33%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A maps 2026 growth, H2 profits
Q&A detailed QuickLogic's 50-100% 2026 revenue growth, basing it on $4M mature products plus $13M government tranche, with low-end from a few defense IP licenses and high-end layering more plus extra funding. Management flagged H2 profitability and Q1 as the yearly low point amid IP lumpiness. Competitive moat clarified: scant U.S.-fabricated strategic rad-hard FPGA peers; hard eFPGA IP laps soft rivals like Menta. SRH FPGA eyes 2026 evaluations by <5 key DIBs, designs in 2027; chiplet bridging targets A&D sensors, security. No walk-backs, just crisp timings on delayed commercial wins. Q&A reaffirmed prepared optimism. Investors track MPW tape-outs, contract ramps.
Key Stats
Market Cap
103.57MP/E (TTM)
-Basic EPS (TTM)
-0.60Dividend Yield
0%Recent Filings
10-K
FY2025 results
QuickLogic's FY2025 revenue fell 30% y/y to $13.8M, with new products down 33% to $10.5M—primarily eFPGA IP services dropping 28%—while mature products slipped 17% to $3.3M; gross margins cratered to 22% from 62% amid higher tooling costs and $0.6M inventory writedowns. Q4 momentum faltered as eFPGA professional services declined sharply y/y, though shipments hit aerospace/defense, industrial, IoT, and consumer segments. R&D held steady at $5.3M (39% of revenue) but SG&A climbed to $9.3M on bonuses; net loss from continuing operations widened to $12.3M. $18.8M liquidity supports $15M revolver drawdown (due 12/31/26) and $3.2M capex, with $8.7M raised via equity. Customer concentration eased to 44%/11%. Heavy reliance on few customers risks quarterly volatility.
8-K
Q4 revenue drops 34%
QuickLogic reported Q4 2025 revenue of $3.7M from continuing operations, down 34.2% year-over-year yet up 84% sequentially, with new products at $2.8M driving 76% of mix. Gross margin plunged to 18.1% GAAP amid higher costs, yielding a $6.0M net loss. Government expanded SRH FPGA program to $89M ceiling, awarded $13M tranche; new eFPGA wins signal growth. Revenue fell sharply.
10-Q
Q3 FY2025 results
QuickLogic's Q3 revenue from continuing operations fell 52% y/y to $2.0M (derived), with new products down 73% to $0.9M on eFPGA professional services timing, yet mature products rose 46% to $1.1M; gross loss hit $0.5M versus $2.5M profit, as cost of revenue climbed 45% y/y (derived) from tooling depreciation. Operating loss widened to $3.9M, diluted EPS $(0.24) matching basic on 16,516k shares—no anti-dilution. Cash dipped to $17.3M, $15.0M revolver drawn at 7.75% (due Dec 2026), but covenant waiver secured; SensiML sale process ongoing. Equity dilution funded $5.9M net. Cash burned $1.4M from ops. Customers remain concentrated.
8-K
Q3 revenue drops 52%
QuickLogic reported Q3 revenue of $2.0M, down 51.8% year-over-year, with GAAP gross margin at -23.3% and non-GAAP net loss of $3.2M. Wins included a $1M eFPGA contract for data-center ASIC; mature products rose to $1.1M. Q4 guidance spans $3.5M-$6M, hinging on timely $3M commercial award. Revenue plunged.
10-Q
Q2 FY2025 results
QuickLogic's Q2 revenue from continuing operations fell 10% y/y to $3.7M but held steady q/q, driven by steady eFPGA IP and professional services at $2.6M while mature products dropped 28% y/y; gross margin contracted to 26% from 55% y/y on higher tooling depreciation and labor costs (derived). Operating loss widened to $2.5M from $1.2M y/y amid $0.3M non-marketable equity impairment and minor restructuring, with net loss at $(0.17) per diluted share on 15.9M shares. Cash dipped to $19.2M with $15.0M revolver draw at 8% (maturing Dec 2026, covenants met) yet operating cash burn eased. SensiML sits discontinued, held for sale. Stock raises added $5.6M. Customer concentration lingers.
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