SAN JOSE, Calif., Jan. 7, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP and ruggedized FPGAs, today announced its Board of Directors is actively exploring options for its wholly-owned subsidiary, SensiML. Preliminary discussions are underway with potential strategic partners regarding the possible sale of SensiML or its assets. With the increasing interest in applying Artificial Intelligence (AI) and Machine Learning (ML) in edge applications, there ...

SAN JOSE, Calif., Jan. 6, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced that its management is scheduled to participate in the 27th Annual Needham Growth Conference in New York City on January 15, 2025 as well as the virtual Oppenheimer 10th Annual Emerging Growth Conference on February 26, 2025. January 15 27th Annual Needham Growth Conference Presentation: 3:45 PM ET Lotte NY Palac ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about QuickLogic (QUIK) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.QuickLogic currently has an average brokerage recommendation ...

Award represents the fourth tranche of the multi-year program initiated in August 2022SAN JOSE, Calif., Dec. 23, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, announced today it has been awarded a $6.575 million contract. This funding will support the continued development and demonstration of Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array (FPGA) technology. The initia ...

Shares of QuickLogic Corp QUIK have lost almost 40% year to date.The company supplies niche hardware and critical infrastructure in the FPGA (Field-Programmable Gate Array) market, which is being driven by "Cold War 2.0 and the weaponization of outer space," according to Northland Capital Markets.Analyst Gus Richard initiated coverage of QuickLogic with an Outperform rating and a price target of $11.60.The QuickLogic Thesis: FPGAs are used in a wide variety of applications and the market for these is not "w ...

SAN JOSE, Calif., Dec. 17, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, today announced the appointment of Andy Jaros as Vice President of IP Sales, effective immediately. Andy will report directly to Brian Faith, QuickLogic's President and CEO. With over two decades of leadership experience in semiconductor IP, embedded systems, and business development at companies including ARM, Virage Logic, Synopsy ...

Back in June 2024, we had revised our rating on QuickLogic Corporation (NASDAQ: QUIK ), a fabless semiconductor entity with specialization in eFPGA (embedded FPGA) technology, from a HOLD to a BUY. At the outset, we haveAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

Core Insights - QuickLogic Corporation will showcase its secure and trusted custom eFPGA solutions at Space Tech Expo Europe 2024, highlighting its focus on the aerospace and space sectors [1][2] - The company's eFPGA Hard IP is designed to meet complex demands with high-performance, low-power options and pre-verified, silicon-proven reliability [1] - QuickLogic's solutions are pre-optimized for specific manufacturing nodes, which reduces development time, cost, and risk while ensuring faster integration and reliable performance [2] Company Overview - QuickLogic Corporation is a fabless semiconductor company that develops embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for various applications including industrial, aerospace, defense, edge and endpoint AI, consumer, and computing [3] - The company also offers AI/ML software through its subsidiary, SensiML Corporation, which enhances AI capabilities at the edge/endpoint [3]

Financial Data and Key Metrics Changes - QuickLogic reported significant changes in financial performance, with specific revenue expectations from both new and mature products highlighted [4] - The company emphasized the importance of cash flows and profitability in future projections, indicating a focus on financial health [4] Business Line Data and Key Metrics Changes - The earnings call did not provide specific details on individual business lines or their performance metrics [4] Market Data and Key Metrics Changes - There was no detailed discussion on market data or specific market performance metrics during the call [4] Company Strategy and Development Direction and Industry Competition - QuickLogic's strategy includes expanding its ecosystem partners and enhancing design activity to convert new opportunities into production shipments [4] - The company is focused on government contracts and the timing of related payments, which may impact future revenue streams [4] Management's Comments on Operating Environment and Future Outlook - Management acknowledged risks and uncertainties in the operating environment, particularly regarding market acceptance of customer products and potential schedule changes [4] - Future performance expectations were discussed, with a focus on the ability to meet design milestones and convert opportunities into revenue [4] Other Important Information - The call included a reminder that forward-looking statements involve risks and uncertainties, which could lead to actual results differing from expectations [4] Q&A Session All Questions and Answers Question: What are the expectations regarding revenue from new and mature products? - Management discussed the anticipated timing of revenue from both new and mature products, emphasizing the importance of these streams for future growth [4] Question: How does QuickLogic plan to address potential risks in the operating environment? - The management highlighted the need for careful monitoring of market conditions and customer product acceptance to mitigate risks [4]

Company Performance - QuickLogic reported a quarterly loss of $0.06 per share, compared to the Zacks Consensus Estimate of a loss of $0.05, and a decline from earnings of $0.13 per share a year ago [1] - The quarterly report represents an earnings surprise of -20%, with a previous quarter's expectation of earnings at $0.01 per share, but the company reported a loss of $0.05, resulting in a surprise of -600% [2] - The company posted revenues of $4.27 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.74%, but down from $6.67 million in the same quarter last year [3] Stock Performance - QuickLogic shares have declined approximately 42.1% since the beginning of the year, while the S&P 500 has gained 25.7% [4] - The current Zacks Rank for QuickLogic is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $10.1 million, and for the current fiscal year, it is $0.35 on revenues of $24.4 million [8] - The outlook for the Electronics - Semiconductors industry, where QuickLogic operates, is currently in the bottom 39% of over 250 Zacks industries, which may impact the stock's performance [9]