QuickLogic(US:QUIK)2022-02-18 17:00Company Overview - QuickLogic was founded in 1989 and went public in 1999[8] - The company has 18 U S patents and 11 international patents, with additional patents pending[8] Market and Strategy - The company estimates a $1 billion+ served addressable market (SAM) across various sectors including hearables, wearables, consumer, industrial IoT, AI-enabled, aerospace, and defense[14, 16] - The company is focused on delivering end-to-end solutions with AI/IoT software, SoC, FPGA, and eFPGA IP[9, 10, 11, 12] - The company's strategy includes democratizing the power of Machine Learning (ML) / end-to-end solution for the Edge Artificial Intelligence (AI) market[18] Financial Performance and Outlook - Fiscal Year 2021 revenue increased by 47% from Fiscal Year 2020[18] - The company is targeting profitability by the end of the first half of Fiscal Year 2022[18] - In FY'21, the company announced eFPGA contracts worth millions of dollars, including a $2 million eFPGA contract[18] - Q4'21 total revenue was $3 7 million, with a gross margin of 60%[59] Partnerships and Open Source - The company has partnerships with global semiconductor companies like Infineon, onsemi, and Microchip Technology[41] - The company's QORC initiative provides a fully open-source suite of development tools for its FPGA and eFPGA technologies[18]