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 ...

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 April 2, 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 ...

QuickLogic Corporation (NASDAQ:QUIK) Q1 2023 Earnings Conference Call May 16, 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 Richard Shannon – Craig-Hallum Martin Yang – Oppenheimer Rick Neaton – Rivershore Investment Research Jon Gruber – Gruber & McBaine Operator Ladies and gentlemen, good afternoon. At this time, I’d li ...

QuickLogic Corporation (NASDAQ:QUIK) Q4 2022 Earnings Conference Call February 27, 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 Suji Desilva – ROTH MKM Martin Yang – Oppenheimer Richard Shannon – Craig-Hallum Rick Neaton – Rivershore Investment Research Operator Ladies and gentlemen, good afternoon. At this time, I’d lik ...

Investor Presentation Corporate Summary November 2022 Safe Harbor Statement This presentation contains forward-looking statements regarding our future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally written in the future tense and/or are preceded by words such as "will", "may", "should", "forecast", "could", "expect", "suggest", "believe", "anticipate", "intend", "plan", "future", "potent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Table of Contents (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended October 2, 2022 (Exact name of registrant as specified in its charter) Delaware 77-0188504 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2220 Lundy Avenue, San Jose, CA 95131-1816 (Address of principal executive offices includ ...