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].

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]

Group 1 - QuickLogic Corporation has scheduled a conference call to discuss its first quarter fiscal 2025 financial results on May 13, 2025 [1] - The conference call will take place at 5:30 p.m. ET/2:30 p.m. PT, with a toll-free dial-in number provided for participants [2] - A replay of the conference call will be available until May 20, 2025, and a webcast will be posted on QuickLogic's Investor Relations site [2] Group 2 - QuickLogic's management is set to participate in the Ladenburg Thalmann Innovation EXPO25 on May 21, 2025, in New York, NY [3] - Investors interested in the event can contact QuickLogic Investor Relations for participation details [3] Group 3 - QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions [4] - The company focuses on delivering customizable, low-power solutions for various markets, including aerospace and defense, industrial, computing, and consumer sectors [4]