Core Insights - QuickLogic Corporation is participating as a Silver Sponsor at the GlobalFoundries Technology Summit, showcasing its Australis eFPGA IP Generator for customizable solutions across various markets [1] - The eFPGA IP is now available on GlobalFoundries' 22FDX and 12LP platforms, making it suitable for a wide range of applications [2] - QuickLogic specializes in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions, focusing on low-power and customizable technologies for multiple sectors [3] Company Overview - QuickLogic Corporation is a fabless semiconductor company that combines advanced technology with open-source tools [3] - The company targets markets including aerospace and defense, industrial, consumer, and computing [3]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on QuickLogic (QUIK), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][5][10]. Brokerage Recommendations - QuickLogic has an average brokerage recommendation (ABR) of 1.67, indicating a consensus between Strong Buy and Buy, with 66.7% of the recommendations being Strong Buy from three brokerage firms [2][5]. - Despite the positive ABR, the article cautions against making investment decisions solely based on this metric due to the historical ineffectiveness of brokerage recommendations in predicting stock price increases [5][10]. Analyst Bias - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead retail investors [6][10]. - The interests of brokerage firms may not align with those of retail investors, suggesting that brokerage recommendations should be used to validate independent analyses rather than as standalone indicators [7][10]. Zacks Rank Comparison - The Zacks Rank, a proprietary stock rating tool, categorizes stocks based on earnings estimate revisions and is considered a more effective indicator of near-term stock performance compared to the ABR [8][11]. - The Zacks Rank is updated more frequently and reflects real-time changes in earnings estimates, making it a timely tool for predicting future stock prices [12]. QuickLogic's Current Position - The Zacks Consensus Estimate for QuickLogic remains unchanged at -$0.02, indicating stable analyst 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), suggesting caution despite the favorable ABR [14].

[Part I - Financial Information](index=4&type=section&id=Part%20I%20-%20Financial%20Information) This section provides QuickLogic's unaudited condensed consolidated financial statements and management's discussion and analysis for the period ended June 29, 2025 [Item 1. Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents QuickLogic's unaudited financial statements, including balance sheets, operations, and cash flows, with SensiML classified as a discontinued operation [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $50.2 million, liabilities reduced to $22.6 million, and stockholders' equity increased to $27.7 million as of June 29, 2025 Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $27,389 | $29,604 | | Cash, cash equivalents and restricted cash | $19,191 | $21,859 | | **Total Assets** | **$50,214** | **$51,933** | | **Total Current Liabilities** | $21,525 | $25,397 | | Revolving line of credit | $15,000 | $18,000 | | **Total Liabilities** | **$22,557** | **$27,046** | | **Total Stockholders' Equity** | **$27,657** | **$24,887** | [Unaudited Condensed Consolidated Statements of Operations](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Revenue declined to $3.7 million in Q2 2025, gross profit decreased significantly, and the net loss from continuing operations widened to $2.7 million Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended June 29, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 29, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $3,687 | $4,096 | $8,012 | $9,765 | | Gross Profit | $954 | $2,242 | $2,831 | $6,046 | | Operating Loss | $(2,522) | $(1,200) | $(4,503) | $(1,068) | | Net Loss from Continuing Operations | $(2,661) | $(1,229) | $(4,751) | $(1,156) | | Net Loss | $(2,670) | $(1,550) | $(4,861) | $(1,442) | | Diluted EPS (Continuing Operations) | $(0.17) | $(0.09) | $(0.30) | $(0.08) | [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities increased to $1.5 million, with a $2.7 million overall decrease in cash and equivalents for the six months ended June 29, 2025 Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended June 29, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,498) | $(73) | | Net cash used in investing activities | $(3,001) | $(4,473) | | Net cash provided by financing activities | $1,817 | $3,206 | | **Net decrease in cash** | **$(2,682)** | **$(1,340)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's fabless semiconductor business, SensiML discontinuation, liquidity, revenue concentration, debt, and equity financing - In **Q1 2025**, the company **discontinued operations** at its **SensiML subsidiary** to focus resources on its core **eFPGA IP** and **ruggedized FPGA business**, with SensiML now accounted for as **held for sale**[20](index=20&type=chunk)[48](index=48&type=chunk) - The company's primary liquidity sources as of June 29, 2025, include **$19.2 million in cash**, a **$15.0 million advance** from its **revolving credit facility**, and **$5.6 million in net proceeds** from recent **stock sales**[23](index=23&type=chunk) - In **Q2 2025**, the company recorded a **full impairment charge of $0.3 million** on a **non-marketable equity investment**[44](index=44&type=chunk) - For the **six months ended June 29, 2025**, **one customer**, "Customer A", accounted for **64% of revenue** from **continuing operations**[100](index=100&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, strategic shift to core eFPGA IP, revenue decline, gross profit impact, and liquidity for the next twelve months [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Q2 2025 revenue decreased by 10% to $3.7 million, gross profit fell 57%, and operating loss widened to $2.5 million due to lower sales and higher costs Q2 Revenue from Continuing Operations (in thousands) | Product Category | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | New products | $2,918 | $3,026 | $(108) | (4)% | | Mature products | $769 | $1,070 | $(301) | (28)% | | **Total revenue** | **$3,687** | **$4,096** | **$(409)** | **(10)%** | Q2 Gross Profit from Continuing Operations (in thousands) | Metric | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $3,687 | $4,096 | $(409) | (10)% | | Cost of revenue | $2,733 | $1,854 | $879 | 47% | | **Gross profit** | **$954** | **$2,242** | **$(1,288)** | **(57)%** | - The **decrease in R&D expenses by $0.2 million** in **Q2 2025** compared to Q2 2024 was primarily due to **increased labor allocations** to **Cost of Revenue** for fulfilling revenue contracts[140](index=140&type=chunk) - A **$0.3 million impairment charge** was recorded in **Q2 2025** related to the company's **non-marketable equity investment**[142](index=142&type=chunk) [Liquidity and Capital Resources](index=42&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is supported by $19.2 million cash, a $15.0 million credit facility, and $5.6 million from recent equity offerings, deemed sufficient for the next twelve months - The company secured **net proceeds of approximately $1.5 million** from a **registered direct offering** in **March 2025** and **$4.1 million** from an **ATM offering** as of **June 29, 2025**[167](index=167&type=chunk)[168](index=168&type=chunk) - The revolving line of credit's **maturity date extended to December 31, 2026**, with **$15.0 million outstanding** at an **interest rate of 8.00%** as of June 29, 2025[170](index=170&type=chunk) Summary of Cash Flows (in thousands) | Cash Flow Activity | Six Months Ended June 29, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,498) | $(73) | | Net cash used in investing activities | $(3,001) | $(4,473) | | Net cash provided by financing activities | $1,817 | $3,206 | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This item is not applicable for the current reporting period - The company has determined that quantitative and qualitative disclosures about market risk are **not applicable** for this reporting period[187](index=187&type=chunk) [Item 4. Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's **disclosure controls and procedures were effective** at a **reasonable assurance level** as of the end of the period[188](index=188&type=chunk)[189](index=189&type=chunk) - **No changes in internal control over financial reporting** occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[191](index=191&type=chunk) [Part II - Other Information](index=46&type=section&id=Part%20II%20-%20Other%20Information) This section covers legal proceedings, risk factors, and other information, including trading arrangements of directors and officers [Item 1. Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) No legal proceedings are reported for the current period - The company reported **no legal proceedings**[194](index=194&type=chunk) [Item 1A. Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were reported - There have been **no material changes** to the **risk factors** disclosed in the company's 2024 Annual Report on Form 10-K[195](index=195&type=chunk) [Item 5. Other Information](index=46&type=section&id=Item%205.%20Other%20Information) No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were adopted or terminated by directors or officers during Q2 2025 - **No directors or officers adopted or terminated** any **Rule 10b5-1 or non-Rule 10b5-1 trading arrangements** during the **second quarter of 2025**[197](index=197&type=chunk)

Core Insights - QuickLogic Corporation has appointed Ron Shelton to its Board of Directors, effective August 7, 2025, where he will also serve as Chair of the Audit Committee [1][3] Group 1: Company Overview - QuickLogic Corporation is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions [4] - The company focuses on delivering highly customizable, low-power solutions for various markets, including aerospace, defense, industrial, consumer, and computing [4] Group 2: Leadership Appointment - Ron Shelton brings over 25 years of financial and operational leadership experience to QuickLogic, currently serving as CFO of Syntiant Corp [2] - Shelton has held CFO roles at notable companies such as Navitas Semiconductor, Adesto Technologies, GigOptix, and Cirrus Logic, showcasing a diverse background in both public and private sectors [2] - Shelton expressed enthusiasm for QuickLogic's momentum in eFPGA Hard IP solutions and aims to contribute to the company's growth and financial governance [3] Group 3: Strategic Focus - The addition of Shelton to the board is expected to provide valuable insights as QuickLogic expands its eFPGA IP licensing and FPGA Storefront business [3] - The company aims to deepen its engagement with high-reliability markets, including aerospace and defense, under Shelton's financial oversight [3]

Group 1 - QuickLogic reported a quarterly loss of $0.09 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.07, and compared to a loss of $0.05 per share a year ago [1] - The company's revenues for the quarter ended June 2025 were $3.69 million, missing the Zacks Consensus Estimate by 7.83%, and down from $4.13 million year-over-year [3] - QuickLogic has surpassed consensus EPS estimates two times over the last four quarters, but this quarterly report represents an earnings surprise of -28.57% [2][3] Group 2 - The stock has underperformed significantly, losing about 48.9% since the beginning of the year, while the S&P 500 has gained 8.4% [4] - The current consensus EPS estimate for the coming quarter is $0.06 on revenues of $6.4 million, and for the current fiscal year, it is -$0.02 on revenues of $22.75 million [8] - The Zacks Industry Rank for Electronics - Semiconductors is currently in the bottom 31% of over 250 Zacks industries, indicating potential challenges for the sector [9]

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].

Company Overview - QuickLogic's stock closed at $5.94, reflecting a -1.82% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0.73% [1] - Over the past month, QuickLogic's shares have decreased by 2.26%, while the Computer and Technology sector gained 2.75% and the S&P 500 increased by 0.47% [1] Earnings Expectations - The upcoming earnings report for QuickLogic is scheduled for August 12, 2025, with an expected EPS of -$0.07, indicating a 40% decline compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is projected at $4 million, down 3.15% from the previous year [2] Annual Performance Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$0.02 and revenue of $22.75 million, representing shifts of -150% and +13.12% respectively from the last year [3] - Recent changes in analyst estimates for QuickLogic suggest a favorable outlook on the company's business health and profitability [3] Industry Context - QuickLogic operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [6] - The industry currently holds a Zacks Industry Rank of 152, placing it in the bottom 39% of over 250 industries, indicating weaker performance compared to higher-ranked industries [6] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates QuickLogic at 3 (Hold) [5] - The Zacks Rank has a historical track record of superior performance, with 1 stocks averaging an annual return of +25% since 1988 [5]

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]