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 ...

QuickLogic Corporation (NASDAQ:QUIK) Q4 2023 Earnings Conference Call February 27, 2024 5:30 PM ET Company Participants Alison Ziegler - Managing Director of Darrow Associates Brian Faith - President and Chief Executive Officer Elias Nader - Senior Vice President of Finance and Chief Financial Officer Conference Call Participants Richard Neaton - Rivershore Investment Research Richard Shannon - Craig-Hallum Capital Group Operator Greetings. At this time, I would like to welcome everyone to QuickLogic Corpor ...

Financial Performance - Record GAAP net income of $2.0 million and record non-GAAP net income of $2.6 million for fiscal Q4 2023[10] - US GAAP net income for Q4 2023 was $2,042 million, compared to a net loss of $1,232 million in Q4 2022, marking a significant turnaround[27] - Non-GAAP net income for Q4 2023 was $2,647 million, up from a loss of $544 million in Q4 2022[27] - The company reported a basic net income per share of $0.15 for Q4 2023, compared to a loss of $0.09 per share in Q4 2022[27] Revenue Growth - Total revenue for Q4 2023 was $7.5 million, an increase of 12.2% compared to Q3 2023, and an increase of 83.1% compared to Q4 2022[3] - Fiscal 2023 revenue growth was 31% compared to fiscal 2022[10] - New product revenue was approximately $6.8 million in Q4 2023, an increase of 12.0% compared to Q3 2023, and an increase of 140.2% compared to Q4 2022[4] - Revenue from new products constituted 91% of total revenue in Q4 2023, a substantial increase from 70% in Q4 2022, reflecting a 140% growth year-over-year[29] - Mature product revenue was $0.7 million in Q4 2023, an increase of 14.6% compared to Q3 2023, but a decrease of 47.5% compared to Q4 2022[5] - Mature products accounted for only 9% of revenue in Q4 2023, down from 30% in Q4 2022, indicating a decline of 48%[29] Profitability Metrics - Fourth quarter 2023 GAAP gross margin was 77.1%, compared to 76.9% in Q3 2023 and 51.9% in Q4 2022[5] - Fourth quarter 2023 non-GAAP gross margin was 78.3%, compared to 78.0% in Q3 2023 and 53.2% in Q4 2022[6] - Gross margin percentage under US GAAP improved to 77.1% in Q4 2023, compared to 51.9% in Q4 2022[27] - Non-GAAP operating leverage increased by 251% due to significant increase in gross profit and modest decrease in operating expenses[10] Assets and Liabilities - Total assets increased to $47,792 million as of December 31, 2023, up from $32,586 million on January 1, 2023, representing a growth of 46.5%[25] - Current assets rose to $34,630 million, a 24.0% increase from $27,940 million year-over-year[25] - Total current liabilities increased to $29,630 million, up from $20,022 million, reflecting a rise of 48.3%[25] - Stockholders' equity grew to $16,895 million as of December 31, 2023, compared to $11,895 million on January 1, 2023, an increase of 42.1%[25] Business Development - Sales funnel grew to a record $168 million, including a diverse range of new IP customers and end markets[10] - New IP contract targeting 12nm fabrication node announced[10]

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 October 1, 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 (Sta ...

QuickLogic Corporation (NASDAQ:QUIK) Q3 2023 Earnings Conference Call November 14, 2023 5:30 PM ET Company Participants Alison Ziegler - Managing Director-Darrow Associates Brian Faith - President & Chief Executive Officer Elias Nader - Senior Vice President & Chief Financial Officer Conference Call Participants Richard Shannon - Craig-Hallum Capital Group Rick Neaton - Rivershore Investment Research Operator Ladies and gentlemen, good afternoon. At this time, I'd like to welcome everyone to QuickLogic Corp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended July 2, 2023 For the Transition Period From To COMMISSION FILE NUMBER: 000-22671 OR QUICKLOGIC CORPORATION (Exact name of registrant as specified in its charter) (Registrant's telephone num ...

QuickLogic Corporation (NASDAQ:QUIK) Q2 2023 Earnings Conference Call August 14, 2023 5:30 PM ET Company Participants Alison Ziegler - Managing Director-Darrow Associates Brian Faith - President and Chief Executive Officer Elias Nader - Senior Vice President and Chief Financial Officer Conference Call Participants Martin Yang - Oppenheimer Rick Neaton - Rivershore Investment Research Richard Shannon - Craig-Hallum Capital Group Operator Ladies and gentlemen, good afternoon. At this time, I would like to we ...