Company Overview - QuickLogic (QUIK) shares increased by 8.4% to close at $7.26, supported by strong trading volume, and have gained 15.3% over the past four weeks [1] - QuickLogic is focusing on developing rad-hard FPGA technology and Australis 2.0 for high-density defense and aerospace applications with onshore manufacturing [1] Financial Performance - QuickLogic is expected to report a quarterly loss of $0.21 per share, reflecting a year-over-year decline of 250% [2] - Revenue for QuickLogic is anticipated to be $2.1 million, down 50.8% from the same quarter last year [2] Earnings Estimates and Stock Movement - The consensus EPS estimate for QuickLogic has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - QuickLogic currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] Industry Comparison - QuickLogic is part of the Zacks Electronics - Semiconductors industry, where SkyWater Technology, Inc. (SKYT) also operates [4] - SkyWater Technology's shares rose by 3.5% to $15.9, with an 11.7% return over the past month [4] - SkyWater Technology's consensus EPS estimate is -$0.17, representing a year-over-year change of -312.5%, and it also holds a Zacks Rank of 3 (Hold) [5]

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].