Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $3.7 million, down 10.7% from Q2 2024 and down 15% compared to Q1 2025 [25] - Non-GAAP gross margin in Q2 was 31%, compared to 54.4% in Q2 2024 and 47.1% in Q1 2025 [26] - Non-GAAP net loss was $1.5 million or $0.09 per share, compared to a loss of $0.7 million or $0.05 per share in Q2 2024 [27] Business Line Data and Key Metrics Changes - New product revenue in Q2 was $2.9 million, down 4.5% from Q2 2024 and down 22.3% compared to Q1 2025 [25] - Mature product revenue was $800,000, down from $1.1 million in 2024 and up from $600,000 in 2025 [25] Market Data and Key Metrics Changes - Revenue guidance for Q3 2025 is approximately $2 million, expected to consist of $1.1 million in new products and $900,000 in mature products [29] - Anticipated Q3 non-GAAP gross margin is expected to be approximately 5% due to unfavorable absorption of fixed costs [30] Company Strategy and Development Direction - The company is focusing on two strategic initiatives: advancing the SRH FPGA test chip and the accelerated introduction of AUSTRALIS 2.0, which are expected to enhance storefront design wins and expand the served available market [5][12] - The company aims to leverage the growing demand for radiation-tolerant and radiation-hardened semiconductor devices in defense applications, particularly in the U.S. [6][8] Management's Comments on Operating Environment and Future Outlook - Management anticipates a significant revenue rebound beginning in Q4 2025, despite projecting a modest decline in full-year revenue compared to 2024 [30][34] - The company is confident in the strategic investments made, believing they will lead to substantial future revenue opportunities in the defense sector [34] Other Important Information - The company has raised approximately $2.9 million through ATM sales to support strategic objectives [28] - Acknowledgment of the passing of a long-serving board member and the appointment of a new board member with extensive experience in the semiconductor industry [23] Q&A Session Summary Question: Can you provide insight into the strategic decision to advance the test chip and AUSTRALIS? - Management indicated that the decision was made to capture significant future revenue opportunities in the defense sector, with expectations of test chip revenue starting in early 2026 [38][40] Question: How engaged is the company with prospective customers? - Management confirmed strong engagement with customers, leading to confidence in the decision to self-fund the tape-out of the test chip [42][44] Question: Are there any competitors doing similar work? - Management stated that there are no known competitors offering similar radiation-hardened FPGA technology on the 12nm node, positioning the company uniquely in the market [52][53] Question: What is the expected impact of delays on existing contracts? - Management assured that there would be no negative impacts on existing contracts due to the prioritization of the AUSTRALIS 2.0 initiative [64] Question: Can you elaborate on the monetization of test chips? - Management explained that test chips are sold as engineering samples, which customers are accustomed to paying for in the defense sector [72][75]

QuickLogic Fiscal Second Quarter 2025 Earnings Release [Recent Highlights & Business Update](index=1&type=section&id=Recent%20Highlights%20%26%20Business%20Update) QuickLogic accelerates Australis 2.0 deployment and secures new eFPGA licenses, enhancing its IP and chiplet solutions for advanced fabrication nodes - The company is accelerating the introduction of its **Australis 2.0 IP Generation tool** to **Q4** in response to increasing customer interest in high-density designs for advanced fabrication nodes like **12nm** and **Intel 18A**[3](index=3&type=chunk) - Key strategic and operational achievements during the quarter include: - Signing a new, revenue-generating **eFPGA Hard IP License** contract for a customer's **Intel 18A** test chip[10](index=10&type=chunk) - Launching the **Aurora PRO FPGA User Tool**, which integrates Synopsis Synplify® to deliver **50% better resource utilization** and **up to 35% faster frequency**[10](index=10&type=chunk) - Joining the **Intel Foundry Chiplet Alliance** to target the **Intel 18A** process[10](index=10&type=chunk) [Q2 2025 Financial Performance Summary](index=1&type=section&id=Q2%202025%20Financial%20Performance%20Summary) QuickLogic's Q2 2025 financial performance saw a 10.0% year-over-year revenue decrease, significant gross margin contraction, and wider GAAP and non-GAAP net losses Q2 2025 Key Financial Metrics (Continuing Operations) | Metric | Q2 2025 ($M) | Q2 2024 ($M) | Q1 2025 ($M) | YoY Change (%) | QoQ Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $3.7M | $4.1M | $4.3M | -10.0% | -14.8% | | **GAAP Gross Margin** | 25.9% | 54.7% | 43.4% | -28.8 p.p. | -17.5 p.p. | | **Non-GAAP Gross Margin** | 31.0% | 58.2% | 47.1% | -27.2 p.p. | -16.1 p.p. | | **GAAP Net Loss** | ($2.7M) | ($1.6M) | ($2.2M) | +68.8% | +22.7% | | **GAAP EPS** | ($0.17) | ($0.11) | ($0.14) | - | - | | **Non-GAAP Net Loss** | ($1.5M) | ($0.7M) | ($1.1M) | +114.3% | +36.4% | | **Non-GAAP EPS** | ($0.09) | ($0.05) | ($0.07) | - | - | Q2 2025 Revenue Breakdown (Continuing Operations) | Revenue Type | Q2 2025 ($M) | Q2 2024 ($M) | Q1 2025 ($M) | YoY Change (%) | QoQ Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | **New Product Revenue** | $2.9M | $3.0M | $3.7M | -3.6% | -22.1% | | **Mature Product Revenue** | $0.8M | $1.1M | $0.6M | -27.3% | +33.3% | [Financial Statements](index=5&type=section&id=Financial%20Statements) Detailed financial statements show declining revenue and gross profit, leading to increased operating and net losses, while the balance sheet reflects reduced cash and liabilities [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 saw revenue decline to $3.7 million, gross profit fall to $0.95 million, and operating and net losses widen significantly year-over-year Statement of Operations Summary (in thousands) | Metric | Three Months Ended June 29, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | $3,687 | $4,096 | | Gross Profit | $954 | $2,242 | | Total Operating Expense | $3,476 | $3,442 | | Operating Loss | ($2,522) | ($1,200) | | Net Loss from Continuing Operations | ($2,661) | ($1,229) | | Net Loss per Share (Basic & Diluted) | ($0.17) | ($0.11) | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 29, 2025, total assets decreased to $50.2 million, cash was $19.2 million, total liabilities fell to $22.6 million, and stockholders' equity rose to $27.7 million Balance Sheet Summary (in thousands) | Account | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash, cash equivalents and restricted cash | $19,191 | $21,859 | | Total current assets | $27,389 | $29,604 | | **TOTAL ASSETS** | **$50,214** | **$51,933** | | **Liabilities & Equity** | | | | Revolving line of credit | $15,000 | $18,000 | | Total current liabilities | $21,525 | $25,397 | | **Total liabilities** | **$22,557** | **$27,046** | | **Total stockholders' equity** | **$27,657** | **$24,887** | [Supplemental Information](index=7&type=section&id=Supplemental%20Information) This section details GAAP to non-GAAP reconciliation, adjusting for non-cash items, and provides revenue breakdowns by product type and dominant geographical market [Reconciliation of GAAP to Non-GAAP Measures](index=7&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) Q2 2025 non-GAAP net loss was ($1.5 million) versus GAAP net loss of ($2.7 million), with adjustments primarily for stock-based compensation, impairment, and restructuring costs Q2 2025 GAAP to Non-GAAP Reconciliation (Continuing Operations, in thousands) | Description | Amount | | :--- | :--- | | US GAAP net loss from continuing operations | ($2,661) | | Adjustment for stock-based compensation | $843 | | Adjustment for impairment charges | $300 | | Adjustment for restructuring costs | $21 | | **Non-GAAP net loss from continuing operations** | **($1,497)** | [Supplemental Revenue Data](index=9&type=section&id=Supplemental%20Revenue%20Data) Q2 2025 new product revenue decreased 4% year-over-year, comprising 79% of total, while North America remained dominant at 80% despite an 18% decline Revenue Composition by Product (Q2 2025) | Product Type | Percentage of Revenue (%) | YoY Change (%) | | :--- | :--- | :--- | | New products | 79% | -4% | | Mature products | 21% | -28% | Revenue Composition by Geography (Q2 2025) | Geography | Percentage of Revenue (%) | YoY Change (%) | | :--- | :--- | :--- | | North America | 80% | -18% | | Asia Pacific | 17% | +57% | | Europe | 3% | -6% | [Company Information and Disclosures](index=3&type=section&id=Company%20Information%20and%20Disclosures) This section describes QuickLogic's fabless semiconductor business, explains the use of non-GAAP measures, and includes a forward-looking statements disclaimer - QuickLogic is a **fabless semiconductor company** that specializes in **embedded FPGA (eFPGA) Hard IP**, **discrete FPGAs**, and **endpoint AI solutions** for various markets including aerospace, defense, industrial, and consumer[12](index=12&type=chunk) - The company reports **non-GAAP financial measures**, excluding items like **stock-based compensation** and **restructuring costs**, to help investors evaluate its operating results in a manner similar to management's internal analysis[14](index=14&type=chunk)[15](index=15&type=chunk) - The press release contains **forward-looking statements** that are based on management's current expectations and are subject to **risks and uncertainties** detailed in the company's SEC filings[17](index=17&type=chunk)

Core Viewpoint - QuickLogic Corporation reported a decline in financial performance for the fiscal second quarter of 2025, with total revenue decreasing by 10% year-over-year and 14.8% quarter-over-quarter, while also highlighting ongoing product development and customer interest in advanced fabrication nodes [3][4][22]. Recent Highlights - The company is experiencing increased interest in high-density designs targeting advanced fabrication nodes, including 12nm at GlobalFoundries and TSMC, and Intel 18A, prompting an accelerated introduction of its Australis 2.0 IP Generation tool, set for deployment in Q4 2025 [2]. Financial Results - Total revenue from continuing operations for Q2 2025 was $3.7 million, down 10% from $4.1 million in Q2 2024 and down 14.8% from $4.3 million in Q1 2025 [3]. - New product revenue was approximately $2.9 million, a decrease of 3.6% year-over-year and a decrease of 22.1% quarter-over-quarter [4]. - Mature product revenue was $0.8 million, down from $1.1 million in Q2 2024 and up from $0.6 million in Q1 2025 [4]. Gross Margin - GAAP gross margin from continuing operations for Q2 2025 was 25.9%, significantly lower than 54.7% in Q2 2024 and 43.4% in Q1 2025 [5]. - Non-GAAP gross margin was 31.0%, down from 58.2% in Q2 2024 and 47.1% in Q1 2025 [5]. Operating Expenses - GAAP operating expenses were $3.5 million, slightly up from $3.4 million in Q2 2024 but down from $3.9 million in Q1 2025 [6]. - Non-GAAP operating expenses were $2.5 million, down from $2.8 million in Q2 2024 and $3.0 million in Q1 2025 [6]. Net Loss - GAAP net loss for Q2 2025 was ($2.7 million), or ($0.17) per share, compared to a net loss of ($1.6 million), or ($0.11) per share, in Q2 2024, and a net loss of ($2.2 million), or ($0.14) per share, in Q1 2025 [7]. - Non-GAAP net loss was ($1.5 million), or ($0.09) per share, compared to a net loss of ($0.7 million), or ($0.05) per share, in Q2 2024, and a net loss of ($1.1 million), or ($0.07) per share, in Q1 2025 [8]. Revenue Composition - In Q2 2025, new products accounted for 79% of total revenue, up from 73% in Q2 2024 but down from 87% in Q1 2025 [22]. - Mature products represented 21% of total revenue, down from 26% in Q2 2024 and up from 13% in Q1 2025 [22]. Geographic Revenue Distribution - Revenue from Asia Pacific increased to 17% in Q2 2025 from 10% in Q2 2024, while North America decreased to 80% from 87% in the same period [23].

QuickLogic (QUIK) ended the recent trading session at $5.94, demonstrating a -1.82% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.21%. Coming into today, shares of the maker of chips for mobile and portable electronics manufacturers had lost 2.26% in the past month. In that same time, the Computer and Technology sector gained 2.75%, while the S&P 500 gained 0.47%. The upcoming ea ...

Core Viewpoint - QuickLogic Corporation is set to discuss its second quarter fiscal 2025 financial results in a conference call scheduled for August 12, 2025 [1] Financial Results Announcement - The conference call will take place at 5:30 p.m. ET/2:30 p.m. PT on August 12, 2025 [2] - Dial-in numbers include a toll-free option at 1-877-407-0792 and an international line at 1-201-689-8263 [2] - A replay of the call will be available until August 19, 2025, with the replay number being 844-512-2921 [2] Upcoming Investor Conferences - QuickLogic management will participate in the Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference on August 20-21, 2025 [3] - The company will also attend the TD Securities Technology Growth Cap Summit in New York on September 4, 2025 [3] - Interested investors can contact QuickLogic Investor Relations for participation details [3] Company Overview - QuickLogic Corporation is a fabless semiconductor company focusing on eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions [4] - The company combines advanced technology with open-source tools to provide customizable, low-power solutions across various markets including aerospace, defense, industrial, computing, and consumer sectors [4]

Core Insights - QuickLogic Corporation has launched Aurora PRO, an advanced FPGA design tool that integrates Synopsys Synplify® for enhanced eFPGA designs [1][3][6] Group 1: Product Features - Aurora PRO offers significant performance improvements, achieving up to 50% better resource utilization and over 96% LUT utilization in customer designs [3] - The integration with Synopsys Synplify® results in average frequency increases of up to 10%, enhancing overall system performance [3][4] - The tool is optimized for QuickLogic's eFPGA architecture, specifically targeting embedded carry chains, BRAM, and DSP blocks to reduce critical path delays [4] Group 2: User Experience - Aurora PRO features a redesigned user interface that integrates Synopsys Synplify® synthesis within the Aurora GUI, facilitating easier management of area vs. timing trade-offs [5] - The intuitive environment accelerates experimentation and enables faster iterations for optimal design parameters [5] Group 3: Strategic Importance - The introduction of Aurora PRO is a significant milestone for QuickLogic's eFPGA design capabilities, aimed at accelerating design workflows and enhancing area and timing optimizations [6] - This advancement is expected to empower engineers to maximize performance and efficiency, ultimately reducing time-to-market for innovative products [6]

Company Performance - QuickLogic's stock was down 4.17% at $6.44, lagging behind the S&P 500's daily gain of 0.07% [1] - Prior to the recent trading session, QuickLogic shares had gained 8.91%, outperforming the Computer and Technology sector's gain of 8.22% and the S&P 500's gain of 5.71% [1] Upcoming Earnings - QuickLogic is expected to report an EPS of -$0.07, which is a 40% decline from the prior-year quarter [2] - The consensus estimate projects revenue of $4 million, reflecting a 3.15% decrease from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.02 per share and revenue of $22.75 million, indicating changes of -150% and +13.12% respectively from the previous year [3] - Recent changes to analyst estimates for QuickLogic may indicate shifting business trends, with positive alterations suggesting analyst optimism regarding the company's profitability [3] Zacks Rank and Industry Performance - QuickLogic currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [5] - The Electronics - Semiconductors industry, which includes QuickLogic, ranks in the top 26% of all industries, with a current Zacks Industry Rank of 62 [6]

Core Points - QuickLogic Corporation announced the unexpected death of Board Director Christine Russell on July 11, 2025 [1] - Christine Russell joined the QuickLogic Board in June 2005 and was recognized for her leadership and integrity [2] Company Overview - QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions [2] - The company's technology, combined with open-source development tools, enables customizable and low-power silicon solutions for various markets including aerospace and defense, industrial, consumer, and edge computing [2]

Company Overview - QuickLogic (QUIK) closed at $6.41, reflecting a -4.47% change from the previous day, underperforming the S&P 500's loss of 0.33% [1] - The stock has increased by 13.35% over the past month, outperforming the Computer and Technology sector's gain of 5.24% and the S&P 500's gain of 4.07% [1] Financial Performance - QuickLogic is expected to report an EPS of -$0.07, indicating a 40% decline compared to the same quarter last year [2] - Revenue is projected to be $4 million, showing a 3.15% decrease from the year-ago quarter [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of -$0.02 per share and revenue of $22.75 million, reflecting changes of -150% and +13.12% respectively compared to the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for QuickLogic are important as they reflect the changing dynamics of short-term business patterns [4] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks QuickLogic at 3 (Hold) [6] Industry Context - QuickLogic operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [7] - The industry has a Zacks Industry Rank of 87, placing it in the top 36% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Insights - QuickLogic Corporation is participating in the 2025 IEEE Nuclear and Space Radiation Effects Conference (NSREC) from July 14 to 18 in Nashville, Tennessee, showcasing its radiation-tolerant, reprogrammable logic solutions [1] - The company offers the Australis™ eFPGA IP Generator, which automates the creation of custom eFPGA IP cores tailored to specific power, performance, and area (PPA) requirements for aerospace, satellite, and defense applications [2] - With over three decades of experience in the Aerospace and Defense sectors, QuickLogic provides customized, long-life solutions that meet stringent Size, Weight, and Power (SWaP) constraints while addressing security, reliability, and environmental durability challenges [3] Company Overview - QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions [3] - The company's technology, combined with open-source development tools, enables highly customizable and low-power silicon solutions for various markets, including aerospace and defense, industrial, consumer, and edge computing [3]