QuickLogic ( (QUIK) ) has issued an announcement.
On February 25, 2025, QuickLogic Corporation announced its financial results for the fiscal fourth quarter and full year ending December 29, 2024. The company reported a total revenue of $5.7 million for the fourth quarter, marking a 23.7% decrease compared to the same period in 2023, but a 33.5% increase from the previous quarter. The decline in revenue was attributed to the timing of large eFPGA IP contract awards. Despite the revenue drop, QuickLogic secured significant contracts, including a $1.1 million eFPGA Hard IP contract with a new defense customer and a $6.6 million tranche of a US Government contract. The company is optimistic about returning to revenue growth in 2025, leveraging its unique position as the sole provider of eFPGA Hard IP for Intel 18A and aiming for non-GAAP profitability and positive cash flow.
More about QuickLogic
QuickLogic Corporation is a fabless semiconductor company that develops embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Its subsidiary, SensiML Corporation, offers AI/ML software to accelerate AI at the edge/endpoint.
YTD Price Performance: -42.15%
Average Trading Volume: 246,499
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $105.2M
For an in-depth examination of QUIK stock, go to TipRanks’ Stock Analysis page.
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