Nvidia Corp. (NVDA) grabbed the headlines this week given its blockbuster earnings and stock reaction. But there's a lot more going on in the technology and growth stock investing worlds. Check out these three OTHER promising picks from a trio of top MoneyShow contributors. Mark Skousen Forecasts & Strategies All three stock indexes – the Dow, the S&P 500 and the Nasdaq – achieved substantial gains in the first half of 2024, surprising many analysts. I like the Technology Select Sector SPDR ETF (XLK). Stagf ...

QuickLogic (QUIK) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this maker of chips for mobile and portable electronics manufacturers have returned +0.8%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Electronics - Semiconductors industry, which QuickLogic falls in, has gained 4.6%. The key question now is: ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To COMMISSION FILE NUMBER: 000-22671 QUICKLOGIC CORPORATION (Exact name of registrant as specified in its charter) Delaware 77-0188504 (Stat ...

QuickLogic's (QUIK) wholly-owned subsidiary, SensiML, is revolutionizing the TinyML market with its groundbreaking open-source AutoML solution, Analytics Studio. This innovation marks a significant leap forward in democratizing AI/ML development for IoT edge devices, empowering developers with enhanced creativity and innovation. The application enhances creativity and transparency in AI code. It also gives IoT edge devices intelligent sensing capabilities, supporting time-series sensors like microphones, ac ...

PORTLAND, Ore., May 14, 2024 /PRNewswire/ -- SensiML™ Corporation, a leader in AI/ML software for the IoT and a subsidiary of QuickLogic (NASDAQ: QUIK), today announced it is disrupting the TinyML® market by being the first to offer a complete, open-source AutoML solution for the development of edge AI/ML applications with its popular Analytics Studio application. The open-source model already prevails for highly- adopted AI libraries such as TensorFlow™ and PyTorch®, but until now eludes comprehensive Auto ...

Quicklogic Corporation (NASDAQ:QUIK) Q1 2024 Earnings Conference Call May 13, 2024 5:30 PM ET Company Participants Alison Ziegler - IR, Darrow Associates Elias Nader - CFO & SVP, Finance Brian Faith - President, CEO & Director Conference Call Participants Richard Shannon - Craig-Hallum Rick Neaton - Rivershore Investment Research Operator Ladies and gentlemen, good afternoon. At this time, I would like to welcome everyone to QuickLogic Corporation's First Quarter Fiscal 2024 Earnings Results Conference Call ...

QuickLogic (QUIK) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this maker of chips for mobile and portable electronics manufacturers would post earnings of $0.14 per share when it actually produced earnings of $0.18, delivering a surprise o ...

QuickLogic Reports First Quarter Fiscal 2024 Results, On Track for Revenue Growth of 30% and Positive Cash Flow in 2024 Exhibit 99.1 SAN JOSE, Calif. – May 13, 2024 - QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced its financial results for the fiscal first quarter that ended March 31, 2024. Recent Highlights "We are very pleased with our continued progress and believe we are well-posi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-22671 QUICKLOGIC CORPORATION (Exact name of registrant as specified in its charter) Delaware 77-0188504 (State or other jurisdiction ...

Financial Data and Key Metrics Changes - Q4 revenue increased 83% year-over-year to $7.5 million, driven by record high IP revenue [5][36] - Full-year revenue increased 31% to $21.2 million, with new products representing 86% of total revenue [11][41] - Non-GAAP gross margin in Q4 was 78.3%, compared to 53.2% in Q4 2022 [38] - Non-GAAP net income reached a record $2.6 million in Q4, compared to a net loss of $544,000 in Q4 2022 [40][44] Business Line Data and Key Metrics Changes - New product revenue in Q4 was approximately $6.8 million, up 12% from the previous quarter and up 140% from Q4 2022 [37] - Mature product revenue was approximately $0.7 million, an increase of 15% from the previous quarter but down from $1.2 million in Q4 2022 [37][41] - Non-GAAP operating expenses in Q4 were approximately $3.1 million, lower than the previous quarter due to timing of payments [39] Market Data and Key Metrics Changes - The company anticipates a return to the funding rate of a government contract, which has a total potential of $72 million [14] - The Chiplet market is projected to grow from a few billion dollars in 2023 to $107 billion in 2033, representing a 10-year CAGR of over 42% [30] Company Strategy and Development Direction - The company is focused on expanding its IP business across new customers and market sectors, with a record $168 million opportunity funnel [12][55] - A strategic shift is being made to allocate a higher percentage of contract revenue to IP versus engineering services [47] - The company aims to leverage its core capabilities as a silicon supplier to provide turnkey solutions for IP customers [54] Management's Comments on Operating Environment and Future Outlook - Management is confident in achieving greater than 30% revenue growth in 2024, supported by a strong opportunity funnel [12][48] - The timing and cadence of large IP contracts may push revenue recognition into the second half of 2024, but cash flow from IP contracts will remain unaffected [15][47] - The company expects to maintain profitability and positive cash flow for the full year 2024 [51][53] Other Important Information - Total cash at the end of 2023 was $24.6 million, an increase from $19.2 million at the end of 2022 [45] - Non-GAAP operating expenses are expected to be approximately $3.5 million in Q1 2024, reflecting a modest increase to support new programs [49][93] Q&A Session Summary Question: What percentage of revenue should be expected in the second half of the year? - Management indicated that greater than 50% of revenue will be recognized in the second half of the year, but not as high as 70% or 80% [64] Question: Is the new contract expected to produce tens of millions of dollars in revenue? - Management clarified that the new contract is with a different customer than the one previously referenced [66] Question: What is the trend regarding larger IP contracts? - Management confirmed that the average size of IP contracts is trending upwards, reflecting an appreciation of the value proposition [82] Question: Will storefront and royalty revenues contribute significantly this year? - Management expects storefront revenue to start contributing in 2025, but not to be a major contributor in 2024 [90] Question: How will operating expenses be managed throughout the year? - Management plans to keep operating expenses around $3.5 million, with some increases to support new hires and growth opportunities [93][96]