QuickLogic Reports Fiscal Second Quarter 2025 Financial Results
QuickLogic (NASDAQ: QUIK) reported its fiscal Q2 2025 financial results, showing total revenue of $3.7 million, down 10.0% year-over-year and 14.8% sequentially. The company posted a GAAP net loss of $2.7 million ($0.17 per share) compared to a loss of $1.6 million in Q2 2024.
Key metrics include GAAP gross margin of 25.9%, significantly down from 54.7% in Q2 2024, and GAAP operating expenses of $3.5 million. New product revenue was $2.9 million, declining 3.6% year-over-year, while mature product revenue reached $0.8 million.
Notable developments include signing a new eFPGA Hard IP License contract for Intel 18A, launching Aurora PRO FPGA tools with improved performance, and joining the Intel Foundry Chiplet Alliance. The company plans to release Australis 2.0, its IP Generation tool, in Q4 2025.
QuickLogic (NASDAQ: QUIK) ha comunicato i risultati del secondo trimestre fiscale 2025, con ricavi totali di $3.7 milioni, in calo del 10,0% su base annua e del 14,8% rispetto al trimestre precedente. La societ脿 ha registrato una perdita netta GAAP di $2.7 milioni ($0,17 per azione) rispetto a una perdita di $1.6 milioni nel Q2 2024.
I principali indicatori includono un margine lordo GAAP del 25,9%, in forte diminuzione rispetto al 54,7% del Q2 2024, e oneri operativi GAAP per $3.5 milioni. I ricavi da nuovi prodotti sono stati $2.9 milioni, in calo del 3,6% su base annua, mentre i ricavi da prodotti maturi hanno raggiunto $0.8 milioni.
Tra gli sviluppi principali figurano la firma di un nuovo contratto di licenza eFPGA Hard IP per Intel 18A, il lancio degli strumenti Aurora PRO FPGA con prestazioni migliorate e l'adesione all'Intel Foundry Chiplet Alliance. La societ脿 prevede di rilasciare Australis 2.0, il suo strumento di generazione IP, nel Q4 2025.
QuickLogic (NASDAQ: QUIK) present贸 sus resultados del segundo trimestre fiscal de 2025, con ingresos totales de $3.7 millones, una ca铆da del 10.0% interanual y del 14.8% respecto al trimestre anterior. La compa帽铆a registr贸 una p茅rdida neta GAAP de $2.7 millones ($0.17 por acci贸n) frente a una p茅rdida de $1.6 millones en el Q2 de 2024.
Los indicadores clave incluyen un margen bruto GAAP del 25,9%, muy por debajo del 54,7% registrado en el Q2 2024, y gastos operativos GAAP de $3.5 millones. Los ingresos por nuevos productos fueron de $2.9 millones, con una disminuci贸n interanual del 3.6%, mientras que los ingresos por productos maduros alcanzaron $0.8 millones.
Entre los acontecimientos destacados est谩n la firma de un nuevo contrato de licencia eFPGA Hard IP para Intel 18A, el lanzamiento de las herramientas Aurora PRO FPGA con mayor rendimiento y la incorporaci贸n a la Intel Foundry Chiplet Alliance. La compa帽铆a planea lanzar Australis 2.0, su herramienta de generaci贸n de IP, en el cuarto trimestre de 2025.
QuickLogic (NASDAQ: QUIK)電� 2025 須岅硠鞐半弰 2攵勱赴 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 齑� 毵れ稖鞚� $3.7 million鞙茧 鞝勲厔 霃欔赴 雽�牍� 10.0% 臧愳唽頄堦碃 鞝勲秳旮� 雽�牍� 14.8% 臧愳唽頄堨姷雼堧嫟. 須岇偓電� GAAP 旮办 靾滌啇鞁� $2.7 million($0.17/欤�)鞚� 旮半頄堨溂氅�, 鞚措姅 2024雲� 2攵勱赴鞚� $1.6 million 靻愳嫟氤措嫟 頇曤寑霅� 靾橃箻鞛呺媹雼�.
欤检殧 歆�響滊電� GAAP 齑濍歆� 25.9%搿� 2024雲� 2攵勱赴鞚� 54.7%鞐愳劀 韥矊 頃橂澖頄堨溂氅�, GAAP 鞓侅梾牍勳毄 $3.5 million鞚� 氤搓碃霅橃棃鞀惦媹雼�. 鞁犾牅頀� 毵れ稖鞚� $2.9 million鞙茧 鞝勲厔 雽�牍� 3.6% 臧愳唽頄堦碃, 靹膘垯 鞝滍拡 毵れ稖鞚� $0.8 million鞚� 旮半頄堨姷雼堧嫟.
欤检殧 氚滌爠 靷暛鞙茧電� Intel 18A鞖� eFPGA Hard IP 霛检澊靹犾姢 瓿勳暯 觳搓舶, 靹彪姤鞚� 頄レ儊霅� Aurora PRO FPGA 韴� 於滌嫓, Intel Foundry Chiplet Alliance 臧�鞛� 霌膘澊 鞛堨姷雼堧嫟. 須岇偓電� IP 靸濎劚 霃勱惮鞚� Australis 2.0鞚� 2025雲� 4攵勱赴鞐� 於滌嫓頃� 瓿勴殟鞛呺媹雼�.
QuickLogic (NASDAQ: QUIK) a publi茅 ses r茅sultats du deuxi猫me trimestre fiscal 2025, affichant un chiffre d'affaires total de 3,7 millions de dollars, en baisse de 10,0% en glissement annuel et de 14,8% par rapport au trimestre pr茅c茅dent. La soci茅t茅 a enregistr茅 une perte nette GAAP de 2,7 millions de dollars (0,17 $ par action) contre une perte de 1,6 million de dollars au T2 2024.
Les indicateurs cl茅s comprennent une marge brute GAAP de 25,9%, en forte baisse par rapport 脿 54,7% au T2 2024, et des d茅penses d'exploitation GAAP de 3,5 millions de dollars. Les revenus des nouveaux produits se sont 茅lev茅s 脿 2,9 millions de dollars, en recul de 3,6% en glissement annuel, tandis que les revenus des produits matures ont atteint 0,8 million de dollars.
Parmi les faits marquants figurent la signature d'un nouveau contrat de licence eFPGA Hard IP pour Intel 18A, le lancement des outils Aurora PRO FPGA aux performances am茅lior茅es et l'adh茅sion 脿 l'Intel Foundry Chiplet Alliance. La soci茅t茅 pr茅voit de lancer Australis 2.0, son outil de g茅n茅ration d'IP, au 4e trimestre 2025.
QuickLogic (NASDAQ: QUIK) meldete die Finanzergebnisse f眉r das fiskalische Q2 2025 mit einem Gesamtumsatz von $3.7 Millionen, ein R眉ckgang von 10,0% im Jahresvergleich und 14,8% im Vergleich zum Vorquartal. Das Unternehmen verzeichnete einen GAAP-Nettverlust von $2.7 Millionen ($0,17 je Aktie) gegen眉ber einem Verlust von $1.6 Millionen im Q2 2024.
Wesentliche Kennzahlen umfassen eine GAAP-Bruttomarge von 25,9%, deutlich gesunken von 54,7% im Q2 2024, sowie GAAP-Betriebskosten von $3.5 Millionen. Die Ums盲tze mit neuen Produkten beliefen sich auf $2.9 Millionen, ein R眉ckgang von 3,6% gegen眉ber dem Vorjahr, w盲hrend die Ums盲tze mit etablierten Produkten $0.8 Millionen erreichten.
Bemerkenswerte Entwicklungen sind der Abschluss eines neuen eFPGA Hard IP-Lizenzvertrags f眉r Intel 18A, die Einf眉hrung der leistungsverbesserten Aurora PRO FPGA-Tools und der Beitritt zur Intel Foundry Chiplet Alliance. Das Unternehmen plant, Australis 2.0, sein IP-Generations-Tool, im 4. Quartal 2025 zu ver枚ffentlichen.
- Signed new revenue-generating eFPGA Hard IP License contract for Intel 18A
- Aurora PRO FPGA tool delivers 50% better resource utilization and 35% faster maximum frequency
- Operating expenses decreased from $3.9M in Q1 2025 to $3.5M in Q2 2025
- Mature product revenue increased from $0.6M in Q1 2025 to $0.8M in Q2 2025
- Total revenue declined 10.0% year-over-year to $3.7M
- GAAP gross margin dropped significantly to 25.9% from 54.7% year-over-year
- New product revenue decreased 22.1% quarter-over-quarter to $2.9M
- GAAP net loss widened to $2.7M from $1.6M year-over-year
Insights
QuickLogic reported declining revenue, contracting margins, and widening losses in Q2 2025 despite strategic eFPGA contract wins.
QuickLogic's Q2 2025 results show concerning financial deterioration across key metrics. Revenue fell to
Most alarming is the substantial gross margin compression - GAAP gross margin plummeted to
While operating expenses remained relatively controlled at
The company's strategic focus on high-density eFPGA IP for advanced nodes (including Intel 18A and 12nm GlobalFoundries/TSMC) shows promising positioning, evidenced by new contracts. However, this hasn't translated to improved financial performance yet. The upcoming Australis 2.0 tool deployment in Q4 and Aurora PRO FPGA optimization improvements could potentially strengthen their competitive position, but investors should monitor whether these initiatives can reverse the troubling financial trends in upcoming quarters.
Recent Highlights
- Signed a new, revenue-generating eFPGA Hard IP License contract for a customer's Intel 18A test chip
- Awarded a feasibility contract for a very high-density eFPGA IP core
- Announced Aurora PRO FPGA User Tool that fully integrates Synopsis Synplify庐, delivering
50% better resource utilization and up to35% faster maximum frequency - Initiated implementation of major improvements for proprietary Australis IP Generation tool with release scheduled for Q4
- Joined Intel Foundry Chiplet Alliance to expand eFPGA IP and chiplet solutions targeting Intel 18A
"With our growing success in customer designs targeting advanced fabrication nodes, which include 12nm at GlobalFoundries and TSMC, and Intel 18A, we are seeing increasing interest in high density designs," said Brian Faith, CEO of QuickLogic. "In response, we've accelerated the introduction schedule of Australis 2.0, our proprietary IP Generation tool. Australis 2.0 is scheduled for deployment in Q4 and will incorporate many new features driven by customer requirements and existing revenue-generating contracts."
Fiscal Second Quarter听2025听Financial Results
Total revenue from continuing operations for the second quarter of fiscal 2025 was
New product revenue from continuing operations was approximately
Mature product revenue from continuing operations was
Second听quarter听2025听GAAP gross margin from continuing operations was听
Second quarter 2025 non-GAAP gross margin from continuing operations was
Second quarter 2025 GAAP operating expenses from continuing operations were
Second quarter 2025 non-GAAP operating expenses from continuing operations were
Second quarter 2025 GAAP net loss was (
Second听quarter听2025听non-GAAP net loss was (
Conference Call
QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, August 12, 2025, to discuss its current financial results. The conference call will be webcast on QuickLogic's IR Site Events Page at . To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. No Passcode is needed to join the conference call. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13755041.
The call recording, which can be accessed by phone, will be archived through August 19, 2025, and the webcast will be available for 12 months on the Company's website.
About QuickLogic
QuickLogic is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit听www.quicklogic.com.
QuickLogic uses its website (), the company blog (), corporate X account (@QuickLogic_Corp), Facebook page (), and LinkedIn page () as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company's website and its social media accounts in addition to following the Company's press releases, SEC filings, public conference calls, and webcasts.
Non-GAAP Financial Measures
QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles, or
Management uses the non-GAAP measures, which exclude gains, losses, and other charges that are considered by management to be outside of the Company's core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company's future periods听and serve as a basis for the allocation of the Company's resources, management of operations and the measurement of profit-dependent cash, and equity compensation paid to employees and executive officers.
Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures and may not be calculated in the same manner as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future profitability and cash flows, expectations regarding our future business and statements regarding the timing, milestones, and payments related to our government contracts, statements regarding the use of the Company's ATM program, and statements regarding our ability to successfully exit SensiML, and actual results may differ due to a variety of factors including: delays in the market acceptance of the Company's new products; the ability to convert design opportunities into customer revenue; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers' products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our ability to hire and retain qualified personnel; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters and other business interruptions that could disrupt supply or delivery of, or demand for, the Company's products; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company's public reports filed with the
QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.
颁翱顿贰:听蚕鲍滨碍-贰听
听鈥揟ables Follow 鈥�
听
QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
June 29, | June 30, | March 30, | June 29, | June 30, | |||||||||||||||
Revenue | $ | 3,687 | $ | 4,096 | $ | 4,325 | $ | 8,012 | $ | 9,765 | |||||||||
Cost of revenue | 2,733 | 1,854 | 2,448 | 5,181 | 3,719 | ||||||||||||||
Gross profit | 954 | 2,242 | 1,877 | 2,831 | 6,046 | ||||||||||||||
Operating expenses: | |||||||||||||||||||
Research and development | 1,193 | 1,347 | 1,268 | 2,461 | 2,668 | ||||||||||||||
Selling, general and administrative | 1,962 | 2,095 | 2,536 | 4,498 | 4,446 | ||||||||||||||
Impairment charges | 300 | 鈥� | 鈥� | 300 | 鈥� | ||||||||||||||
Restructuring costs | 21 | 鈥� | 54 | 75 | 鈥� | ||||||||||||||
Total operating expense | 3,476 | 3,442 | 3,858 | 7,334 | 7,114 | ||||||||||||||
Operating income (loss) | (2,522) | (1,200) | (1,981) | (4,503) | (1,068) | ||||||||||||||
Interest expense | (108) | (39) | (97) | (205) | (108) | ||||||||||||||
Interest and other (expense) income, net | (30) | 4 | (7) | (37) | 21 | ||||||||||||||
Income (loss) before income taxes | (2,660) | (1,235) | (2,085) | (4,745) | (1,155) | ||||||||||||||
(Benefit from) provision for income taxes | 1 | (6) | 5 | 6 | 1 | ||||||||||||||
Net income (loss) from continuing operations | (2,661) | (1,229) | (2,090) | (4,751) | (1,156) | ||||||||||||||
Net income (loss) from discontinued operations, net of taxes and inclusive of | (9) | (321) | (101) | (110) | (286) | ||||||||||||||
Net income (loss) | $ | (2,670) | $ | (1,550) | $ | (2,191) | $ | (4,861) | $ | (1,442) | |||||||||
Net income (loss) from continuing operations per share: | |||||||||||||||||||
Basic | $ | (0.17) | $ | (0.09) | $ | (0.14) | $ | (0.30) | $ | (0.08) | |||||||||
Diluted | $ | (0.17) | $ | (0.09) | $ | (0.14) | $ | (0.30) | $ | (0.08) | |||||||||
Net income (loss) per share: | |||||||||||||||||||
Basic | $ | (0.17) | $ | (0.11) | $ | (0.14) | $ | (0.31) | $ | (0.10) | |||||||||
Diluted | $ | (0.17) | $ | (0.11) | $ | (0.14) | $ | (0.31) | $ | (0.10) | |||||||||
Weighted average shares outstanding: | |||||||||||||||||||
Basic | 15,884 | 14,439 | 15,290 | 15,677 | 14,308 | ||||||||||||||
Diluted | 15,884 | 14,439 | 15,290 | 15,677 | 14,308 | ||||||||||||||
Note: Net income (loss) equals total comprehensive income (loss) for all periods presented. Additionally, the Company notes that income taxes related to discontinued operations were immaterial in nature for the periods presented and as such, only net income (loss) from discontinued operations was reported herein. |
听
QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited) | ||||||||
June 29, | December 29, | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash, cash equivalents and restricted cash | $ | 19,191 | $ | 21,859 | ||||
Accounts receivable, net of allowance for credit losses of | 974 | 2,426 | ||||||
Contract assets | 3,688 | 2,682 | ||||||
Note receivable, current | 1,355 | 鈥� | ||||||
Inventories | 867 | 940 | ||||||
Prepaid expenses and other current assets | 1,300 | 1,666 | ||||||
Assets of business held for sale, net | 14 | 31 | ||||||
Total current assets | 27,389 | 29,604 | ||||||
Property and equipment, net | 17,767 | 15,699 | ||||||
Capitalized internal-use software, net | 967 | 711 | ||||||
Right of use assets, net | 614 | 758 | ||||||
Intangible assets, net | 359 | 378 | ||||||
Non-marketable equity investment | 鈥� | 300 | ||||||
Inventories, non-current | 648 | 718 | ||||||
Note receivable, non-current | 鈥� | 1,292 | ||||||
Other assets | 114 | 117 | ||||||
Assets of business held for sale, net | 2,356 | 2,356 | ||||||
TOTAL ASSETS | $ | 50,214 | $ | 51,933 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Revolving line of credit | $ | 15,000 | $ | 18,000 | ||||
Trade payables | 3,383 | 3,097 | ||||||
Accrued liabilities | 1,042 | 1,587 | ||||||
Deferred revenue | 369 | 444 | ||||||
Notes payable, current | 1,424 | 1,928 | ||||||
Lease liabilities, current | 302 | 284 | ||||||
Liabilities of business held for sale | 5 | 57 | ||||||
Total current liabilities | 21,525 | 25,397 | ||||||
Long-term liabilities: | ||||||||
Lease liabilities, non-current | 308 | 447 | ||||||
Notes payable, non-current | 724 | 1,202 | ||||||
Total liabilities | 22,557 | 27,046 | ||||||
Commitments and contingencies | ||||||||
Stockholders' equity: | ||||||||
Preferred stock, | 鈥� | 鈥� | ||||||
Common stock, | 16 | 15 | ||||||
Additional paid-in capital | 341,898 | 334,268 | ||||||
Accumulated deficit | (314,257) | (309,396) | ||||||
Total stockholders' equity | 27,657 | 24,887 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 50,214 | $ | 51,933 | ||||
听
QUICKLOGIC CORPORATION SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES (in thousands, except per share amounts and percentages) (Unaudited) | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
June 29, | June 30, | March 30, | June 29, | June 30, | ||||||||||||||||
US GAAP operating income (loss) | $ | (2,522) | $ | (1,200) | $ | (1,981) | $ | (4,503) | $ | (1,068) | ||||||||||
Adjustment for stock-based compensation within: | ||||||||||||||||||||
Cost of revenue | 189 | 140 | 158 | 347 | 438 | |||||||||||||||
Research and development | 205 | 102 | 142 | 347 | 301 | |||||||||||||||
Selling, general and administrative | 449 | 517 | 636 | 1,085 | 1,486 | |||||||||||||||
Adjustment for impairment charges | 300 | 鈥� | 鈥� | 300 | 鈥� | |||||||||||||||
Adjustment for restructuring costs | 21 | 鈥� | 54 | 75 | 鈥� | |||||||||||||||
Non-GAAP operating income (loss) | $ | (1,358) | $ | (441) | $ | (991) | $ | (2,349) | $ | 1,157 | ||||||||||
US GAAP net income (loss) from continuing operations | $ | (2,661) | $ | (1,229) | $ | (2,090) | $ | (4,751) | $ | (1,156) | ||||||||||
Adjustment for stock-based compensation within: | ||||||||||||||||||||
Cost of revenue | 189 | 140 | 158 | 347 | 438 | |||||||||||||||
Research and development | 205 | 102 | 142 | 347 | 301 | |||||||||||||||
Selling, general and administrative | 449 | 517 | 636 | 1,085 | 1,486 | |||||||||||||||
Adjustment for impairment charges | 300 | 鈥� | 鈥� | 300 | 鈥� | |||||||||||||||
Adjustment for restructuring costs | 21 | 鈥� | 54 | 75 | 鈥� | |||||||||||||||
Non-GAAP net income (loss) from continuing operations | $ | (1,497) | $ | (470) | $ | (1,100) | $ | (2,597) | $ | 1,069 | ||||||||||
US GAAP net income (loss) from discontinued operations | $ | (9) | $ | (321) | $ | (101) | $ | (110) | $ | (286) | ||||||||||
Adjustment for stock-based compensation within: | ||||||||||||||||||||
Research and development | 鈥� | 94 | (32) | (32) | 252 | |||||||||||||||
Adjustment for restructuring costs | 鈥� | 鈥� | 87 | 87 | 鈥� | |||||||||||||||
Non-GAAP net income (loss) from discontinued operations | $ | (9) | $ | (227) | $ | (46) | $ | (55) | $ | (34) | ||||||||||
Non-GAAP net income (loss) | $ | (1,506) | $ | (697) | $ | (1,146) | $ | (2,652) | $ | 1,035 | ||||||||||
US GAAP net income (loss) from continuing operations per share, basic | $ | (0.17) | $ | (0.09) | $ | (0.14) | $ | (0.30) | $ | (0.08) | ||||||||||
Adjustment for stock-based compensation | 0.06 | 0.06 | 0.06 | 0.11 | 0.15 | |||||||||||||||
Adjustment for impairment charges | 0.02 | 鈥� | 鈥� | 0.02 | 鈥� | |||||||||||||||
Adjustment for restructuring costs | 鈥� | 鈥� | 0.01 | 鈥� | 鈥� | |||||||||||||||
Non-GAAP net income (loss) from continuing operations per share, basic | $ | (0.09) | $ | (0.03) | $ | (0.07) | $ | (0.17) | $ | 0.07 | ||||||||||
US GAAP net income (loss) from discontinued operations per share, basic | $ | 鈥� | $ | (0.02) | $ | (0.01) | $ | (0.01) | $ | (0.02) | ||||||||||
Adjustment for stock-based compensation | 鈥� | 鈥� | 鈥� | 鈥� | 0.02 | |||||||||||||||
Adjustment for restructuring costs | 鈥� | 鈥� | 0.01 | 0.01 | 鈥� | |||||||||||||||
Non-GAAP net income (loss) from discontinued operations per share, basic | $ | 鈥� | $ | (0.02) | $ | 鈥� | $ | 鈥� | $ | 鈥� | ||||||||||
Non-GAAP net income (loss) per share, basic | $ | (0.09) | $ | (0.05) | $ | (0.07) | $ | (0.17) | $ | 0.07 | ||||||||||
US GAAP net income (loss) from continuing operations per share, diluted | $ | (0.17) | $ | (0.09) | $ | (0.14) | $ | (0.30) | $ | (0.08) | ||||||||||
Adjustment for stock-based compensation | 0.06 | 0.06 | 0.06 | 0.11 | 0.15 | |||||||||||||||
Adjustment for impairment charges | 0.02 | 鈥� | 鈥� | 0.02 | 鈥� | |||||||||||||||
Adjustment for restructuring costs | 鈥� | 鈥� | 0.01 | 鈥� | 鈥� | |||||||||||||||
Non-GAAP net income (loss) from continuing operations per share, diluted | $ | (0.09) | $ | (0.03) | $ | (0.07) | $ | (0.17) | $ | 0.07 | ||||||||||
US GAAP net income (loss) from discontinued operations per share, diluted | $ | 鈥� | $ | (0.02) | $ | (0.01) | $ | (0.01) | $ | (0.02) | ||||||||||
Adjustment for stock-based compensation | 鈥� | 鈥� | 鈥� | 鈥� | 0.02 | |||||||||||||||
Adjustment for restructuring costs | 鈥� | 鈥� | 0.01 | 0.01 | 鈥� | |||||||||||||||
Non-GAAP net income (loss) from discontinued operations per share, diluted | $ | 鈥� | $ | (0.02) | $ | 鈥� | $ | 鈥� | $ | 鈥� | ||||||||||
Non-GAAP net income (loss) per share, diluted | $ | (0.09) | $ | (0.05) | $ | (0.07) | $ | (0.17) | $ | 0.07 | ||||||||||
US GAAP gross margin percentage from continuing operations | 25.9 | % | 54.7 | % | 43.4 | % | 35.3 | % | 61.9 | % | ||||||||||
Adjustment for stock-based compensation included in cost of revenue | 5.1 | % | 3.5 | % | 3.7 | % | 4.4 | % | 4.5 | % | ||||||||||
Non-GAAP gross margin percentage from continuing operations | 31.0 | % | 58.2 | % | 47.1 | % | 39.7 | % | 66.4 | % | ||||||||||
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QUICKLOGIC CORPORATION SUPPLEMENTAL DATA (Unaudited) | ||||||||||||||||||||
Percentage of Revenue | Change in Revenue | |||||||||||||||||||
Q2 2025 | Q2 2024 | Q1 2025 | Q2 2025 to | Q2 2025 to | ||||||||||||||||
COMPOSITION OF REVENUE | ||||||||||||||||||||
Revenue by product: (1) | ||||||||||||||||||||
New products | 79 | % | 73 | % | 87 | % | (4) | % | (22) | % | ||||||||||
Mature products | 21 | % | 26 | % | 13 | % | (28) | % | 33 | % | ||||||||||
Discontinued Operations: | ||||||||||||||||||||
New products | 鈥� | % | 1 | % | 鈥� | % | (100) | % | (100) | % | ||||||||||
Revenue by geography: | ||||||||||||||||||||
17 | % | 10 | % | 8 | % | 57 | % | 79 | % | |||||||||||
80 | % | 87 | % | 90 | % | (18) | % | (24) | % | |||||||||||
3 | % | 2 | % | 2 | % | (6) | % | 27 | % | |||||||||||
Discontinued Operations: | ||||||||||||||||||||
鈥� | % | 鈥� | % | 鈥� | % | (100) | % | (100) | % | |||||||||||
鈥� | % | 1 | % | 鈥� | % | (100) | % | (100) | % | |||||||||||
鈥� | % | 鈥� | % | 鈥� | % | 鈥� | % | (100) | % | |||||||||||
_____________________ | |
(1) | New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP intellectual property,听professional services, and QuickAI and SensiML AI software as a service (SaaS) revenue. Mature products include all products produced on semiconductor processes larger than 180 nanometer and includes related royalty revenue. |
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