Core Insights - QuickLogic Corporation will present at the Andes RISC-V CON Technology Summit on April 29, 2025, focusing on embedded FPGA (eFPGA) technology for RISC-V processing solutions [1][2] - The presentation will cover various use cases for eFPGA capabilities, including acceleration, co-processing, and peripheral integration, highlighting the flexibility and value added to ASIC-based designs [1][2] Company Overview - QuickLogic is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions, targeting markets such as aerospace, defense, industrial, consumer, and edge computing [3] - The company utilizes open-source development tools to provide highly customizable and low-power silicon solutions [3] Partner Overview - Andes Technology is a leader in commercial CPU IP and a founding member of RISC-V International, promoting the global adoption of RISC-V [4] - Andes offers a diverse RISC-V Processor IP portfolio, including 32-bit and 64-bit CPUs, and has over 16 billion Andes-powered SoCs in use worldwide [4]

Company Performance - QuickLogic's stock closed at $4.62, showing no change from the previous day, while outperforming the S&P 500, which fell by 5.98% [1] - Over the last month, QuickLogic's shares decreased by 25.12%, compared to a 10.81% loss in the Computer and Technology sector and a 7.66% loss in the S&P 500 [1] Upcoming Earnings - QuickLogic is expected to report an EPS of -$0.08, reflecting a decline of 172.73% from the same quarter last year [2] - Revenue is projected to be $4 million, indicating a decrease of 33.44% compared to the previous year’s quarter [2] Annual Estimates - For the annual period, earnings are anticipated to be $0.16 per share, representing a 300% increase from last year, with revenue expected at $24.37 million, a rise of 21.15% [3] Analyst Estimates - Recent changes to analyst estimates for QuickLogic are crucial as they often reflect short-term business dynamics, with positive revisions indicating a favorable business outlook [3][4] Zacks Rank - QuickLogic currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining unchanged over the past 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5] Valuation Metrics - QuickLogic has a Forward P/E ratio of 29.81, which is a premium compared to the industry average Forward P/E of 20.27 [6] - The Electronics - Semiconductors industry ranks in the top 19% of all industries, with a current Zacks Industry Rank of 47 [6]

Group 1 - QuickLogic (QUIK) has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy based on recommendations from three brokerage firms, all of which are Strong Buy [2][5] - Despite the Strong Buy recommendation, relying solely on ABR for investment decisions may not be advisable, as studies show brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [5][10] - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with a ratio of five "Strong Buy" recommendations for every "Strong Sell," indicating a misalignment of interests between brokerage firms and retail investors [6][10] Group 2 - The Zacks Rank, a proprietary stock rating tool, is presented in a different format than ABR, ranging from 1 to 5, and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [8][9][11] - QuickLogic's Zacks Consensus Estimate for the current year remains unchanged at $0.16, suggesting that analysts have steady views on the company's earnings prospects [13] - Due to the unchanged consensus estimate and other factors, QuickLogic holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [14]

Company Overview - QuickLogic Corporation is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions [3] - The company combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for various markets including industrial, aerospace, consumer, and computing [3] Product Offerings - QuickLogic's adaptable eFPGA technology allows developers to fine-tune and scale their designs, providing an optimal balance of power, performance, and area (PPA) [1] - The Australis™ eFPGA IP Generator enables QuickLogic to rapidly create custom eFPGA IP cores tailored to unique customer requirements [1] - Recent additions to the supported process portfolio include Intel® 18A, GlobalFoundries® (GF) 12LP and 22FDX®, TSMC® N12e™, and UMC 22nm [2] Industry Position - QuickLogic has over three decades of industry experience, making it a trusted partner in Aerospace and Defense [2] - The company delivers eFPGA IP, purpose-built FPGA devices, and FPGA design tools that meet Size, Weight, and Power (SWaP) constraints while ensuring security, reliability, and longevity in extreme environments [2] Event Participation - QuickLogic will exhibit at the HEART 2025 Conference in Monterey, California, showcasing its eFPGA technology [1]

Core Insights - QuickLogic Corporation has been awarded an Incremental Funding Modification (IFM) of $1.43 million for its Strategic Radiation Hardened (SRH) Program, in addition to a previous contract of $6.58 million received in December 2024 [1][2] Group 1: Company Overview - QuickLogic Corporation is a fabless semiconductor company that specializes in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions [2] - The company focuses on delivering highly customizable, low-power solutions for various markets including industrial, aerospace, consumer, and computing [2] Group 2: Strategic Initiatives - The IFM supports the continued development and demonstration of high reliability SRH FPGA technology, which is designed to meet the stringent standards of Aerospace and Defense Industrial Base customers [1][2] - The expanded scope of the ongoing contract highlights the program's aim to fulfill current and future Department of Defense (DoD) strategic and space system requirements [2]

Company Performance - QuickLogic's stock closed at $5.71, reflecting a decrease of -0.52% from the previous day's closing price, underperforming compared to the S&P 500's loss of 0.33% [1] - Over the last month, QuickLogic's shares have decreased by 21.48%, significantly underperforming the Computer and Technology sector's loss of 7.14% and the S&P 500's loss of 4.03% [2] - QuickLogic is projected to report earnings of -$0.08 per share, indicating a year-over-year decline of 172.73%, with expected revenue of $4 million, down 33.44% from the prior-year quarter [3] Future Outlook - For the full year, analysts expect QuickLogic to report earnings of $0.16 per share and revenue of $24.37 million, representing increases of +300% and +21.15% respectively from the previous year [4] - Recent adjustments to analyst estimates for QuickLogic indicate changing near-term business trends, with positive revisions seen as a favorable sign for the company's outlook [5] Valuation and Industry Context - QuickLogic currently has a Forward P/E ratio of 37.03, which is a premium compared to the industry average Forward P/E of 24.27 [8] - The Electronics - Semiconductors industry, to which QuickLogic belongs, has a Zacks Industry Rank of 61, placing it in the top 25% of over 250 industries [8]

Company Overview - QuickLogic Corporation is a fabless semiconductor company providing innovative programmable silicon and software platforms, focusing on eFPGA IP, SoCs, and AI software [31]. - The company has changed its manufacturing strategies to reduce costs, enabling silicon solutions to be used in a range of products from low to high volume [36]. - The company has a network of fourteen active distributors in North America and nineteen active distributors and sales representatives throughout Europe and Asia to support international business [64]. - The company maintains cash balances exceeding the FDIC insurance limit, which poses a risk of losing uninsured funds if a financial institution fails [115]. - The company has 15,799,036 shares of common stock outstanding, held by 75 stockholders of record [207]. Revenue and Growth - The company expects revenue growth to be driven mainly by eFPGA IP and silicon solutions, with a strong emphasis on new product platforms currently in development [37]. - QuickLogic's new products include eFPGA IP licensing, silicon products like EOS™, QuickAI™, and AI/ML software from its subsidiary SensiML, contributing to the new products revenue category [32]. - The company expects business growth to be driven by new products, including eFPGA IP licenses and various solutions, with a focus on achieving profitability through strong revenue growth from these products [150]. - Sales under contracts with the U.S. Government represented 54% of total net sales in 2024, highlighting dependency on government funding [173]. - One customer represented approximately 54% of total revenue for the year ended December 29, 2024, while another customer represented 70% of total revenue for the year ended December 31, 2023 [66]. Product Development and Technology - QuickLogic's eFPGA IP is developed on various process nodes, including 12nm to 250nm, with a roadmap to sub-10nm nodes, enhancing scalability and support [35]. - The company’s programmable logic technology enables customized designs, low power consumption, and rapid time-to-market, which are highly valued by customers [51]. - QuickLogic's eFPGA IP technology allows ASIC and SoC developers to make post-manufacturing design changes quickly while maintaining low power consumption [60]. - The company is focused on enhancing its eFPGA IP solutions and FPGA User Tools to meet emerging industry standards [70]. - QuickLogic's SensiML Analytics Toolkit provides an end-to-end development platform for IoT sensor algorithms using AI, enhancing the capabilities of their products [60]. Financial Performance and Risks - The company has incurred losses in past years and may face challenges in generating sufficient revenue or raising additional financing to fund future losses [21]. - The company may need to obtain additional funds through strategic divestiture or selling debt/equity securities to support operations if cash flow levels are not achieved [91]. - The company has experienced net losses in past years while developing new products, with stable gross margins for both new and mature products [90]. - The company anticipates fluctuations in average selling prices due to historical downward price pressure and recent supply chain shortages [141]. - The lengthy sales cycle for products may lead to cancellations or changes in customer plans, adversely affecting revenue levels [156]. Market and Competition - The FPGA market was valued at $12.1 billion in 2024 and is projected to reach $25.8 billion by 2029, growing at a CAGR of 16.4% during the forecast period [45]. - The company faces significant competition in the semiconductor industry, which could adversely affect its business and results of operations [136]. - The company faces competition from various suppliers, including ASSPs, low-power FPGAs, and ASICs, which could materially affect its business and financial condition [188]. - The company has entered into strategic licensing and collaborative partnerships to gain access to new semiconductor products and technologies, but the anticipated benefits may not materialize [192]. - The company has entered into multiple large eFPGA-related contracts with customers in the Aerospace and Defense market since 2022, indicating a renewed interest and expected growth in this area [49]. Operational Challenges - The company relies on subcontract manufacturers for product capacity, making it vulnerable to supply shortages and capacity limitations [94]. - The company relies on certain suppliers for manufacturing, and disruptions could lead to operational delays and negatively impact financial performance [118]. - The company does not maintain sufficient business interruption insurance, which could result in material adverse effects from catastrophic events [120]. - The company faces risks from potential changes in U.S. trade measures that could significantly impact costs and availability of raw materials [165]. - The company has implemented import and export control procedures but remains exposed to risks from compliance failures [167]. Cybersecurity and Compliance - Cybersecurity incidents, such as the January 2023 ransomware attack, can disrupt business operations and harm the company's reputation [96][98]. - The company maintains a comprehensive cybersecurity risk management program, which includes regular assessments and independent reviews [197]. - Compliance with evolving data protection regulations like GDPR and CCPA may require significant resources and could lead to fines if not adhered to [100][101]. - The company faces risks related to compliance with laws and regulations, which may increase costs and affect financial condition [146]. - The company is involved in legal actions related to intellectual property infringement, but is not currently a party to any material pending legal proceedings [203]. Employee and Management - The company had 59 employees as of December 29, 2024, with an average tenure of 8.40 years and a turnover rate of 6% for the fiscal year [75][76]. - The company maintains favorable employee relations, with no union representation among employees [75]. - The executive management team and the Board oversee the company's enterprise risk management process, including cybersecurity threats [201]. - The company must effectively attract and retain key personnel to ensure operational success, as competition for skilled employees is intense [107][108]. - The company may face challenges in attracting qualified outside board members due to increased liability concerns [126].

Core Viewpoint - QuickLogic Corporation has successfully amended its credit facility to maintain a $20 million line of credit and extend the maturity date to December 31, 2026, enhancing operational flexibility for ongoing projects [2]. Company Overview - QuickLogic Corporation is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions, targeting industrial, aerospace, consumer, and computing markets [3]. Financial Update - The Eighth Amendment to the credit facility was effective March 17, 2025, allowing the company to continue its operations and support its large government contract and new eFPGA IP licenses [2]. - The maturity date of the credit facility has been extended from December 31, 2025, to December 31, 2026 [2]. Management Commentary - The Chief Financial Officer, Elias Nader, expressed satisfaction with the continued support from Heritage Bank, indicating that the extension of the credit facility provides enhanced operational flexibility [2].

Core Insights - QuickLogic Corporation will exhibit at GOMACTech 2025, showcasing its embedded FPGA (eFPGA) technology [1][2] - The Australis™ eFPGA IP Generator allows for rapid generation of customized eFPGA IP cores, addressing specific power, performance, and area (PPA) needs [2] - QuickLogic has over 30 years of experience in the Aerospace and Defense sectors, focusing on Size, Weight, and Power (SWaP) optimization while ensuring long-term supply assurance [3] Company Overview - QuickLogic is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions [4] - The company combines advanced technology with open-source tools to provide low-power, customizable solutions across various markets including industrial, aerospace, consumer, and computing [4] Event Details - GOMACTech 2025 will take place at the Pasadena Convention Center, with QuickLogic's booth located at 306 [2] - The exhibition dates are March 18, 2025, from 12:00 pm to 8:00 pm, and March 19, 2025, from 9:00 am to 4:00 pm [2]

Core Insights - QuickLogic Corporation has been selected by a Defense Industrial Base company for its eFPGA IP targeting GlobalFoundries' 12LP, a 12nm low-power process, with delivery scheduled for Q2 2025 [1][2] Company Overview - QuickLogic is a fabless semiconductor company that specializes in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions, focusing on delivering customizable, low-power solutions across various markets including industrial, aerospace, consumer, and computing [3] Industry Position - QuickLogic has established a strong reputation over more than three decades as a trusted supplier of SWaP-C-optimized programmable logic to the Defense Industrial Base, emphasizing its capability to provide rapid, design-specific solutions that mitigate program risk [2]