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QuickLogic Corporation is a fabless semiconductor company that develops programmable silicon and software platforms to enable custom hardware solutions with fast time-to-market and cost efficiency. The company specializes in embedded FPGA (eFPGA) intellectual property, low-power multi-core SoCs, discrete FPGAs, and AI/ML software. Its products and services cater to diverse markets, including aerospace and defense, consumer/industrial IoT, and consumer electronics.
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New Products - Includes hardware products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP licenses, professional services, QuickAI, and SensiML AI software as a service (SaaS).
- Hardware Products - Offers programmable silicon solutions for custom hardware development.
- eFPGA IP - Provides embedded FPGA technology for hardware acceleration and pre-processing in ASIC products.
- AI/ML Software - Delivers end-to-end AI/ML solutions through SensiML's Analytics Toolkit.
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Mature Products - Comprises products produced on semiconductor processes larger than 180 nanometer, along with associated royalty revenues. Includes FPGA families such as PASIC®3 and QuickRAM®, as well as programming hardware and design software.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brian C. Faith ExecutiveBoard | President and Chief Executive Officer | Board member of Global Semiconductor Alliance (GSA); Chairman of the Marketing Committee for the CE-ATA Organization | Brian C. Faith became CEO of QUIK in June 2016 , after serving as Vice President of Worldwide Marketing and Worldwide Sales & Marketing from 2008 to 2016. He has been with the company since June 1996 and brings extensive leadership experience in engineering, product management, and sales. | View Report → |
Andrew Jaros Executive | Vice President of IP Sales | Andrew Jaros is the Vice President of IP Sales at QuickLogic Corporation since December 2024, bringing over 20 years of leadership experience in semiconductor IP, embedded systems, and business development. | ||
Elias Nader Executive | Chief Financial Officer (CFO) and Senior Vice President (SVP) of Finance | Elias Nader is the Chief Financial Officer and Senior Vice President of Finance at QuickLogic Corporation since February 2022 and has over 30 years of experience in the industry; he has previously held executive roles at other companies such as Pixelworks, Sigma Designs, Imperial Jet, and Dionex Corp. | ||
Owen Bateman Executive | Vice President of Worldwide Sales | Owen Bateman is Vice President of Worldwide Sales at QUIK since April 2022 , and previously served as Senior Director of Sales EMEA and USA from 2013 to 2022. | ||
Rajiv Jain Executive | Vice President of Worldwide Operations | Rajiv Jain has been the Vice President of Worldwide Operations at QuickLogic since April 2014. He joined QuickLogic in August 1992 and has held several key leadership positions, including Senior Director roles, contributing significantly to the company's operational and process technological advancements. | ||
Timothy Saxe Executive | Senior Vice President of Engineering and Chief Technology Officer | Timothy Saxe currently serves as the Senior Vice President of Engineering and Chief Technology Officer at QUIK since August 2016. He joined QUIK in May 2001 and has held various executive leadership positions within the company. | ||
Andrew J. Pease Board | Member of the Board of Directors | Andrew J. Pease is a former President and CEO of QuickLogic Corporation (retired in June 2016) and currently serves on its Board of Directors while also Chairing the Nominating and Corporate Governance Committee since February 2021. | ||
Christine Russell Board | Director | Chairman Emeritus of the Silicon Valley Directors Exchange (SVDX) | Christine Russell has been serving as a Board Director at QuickLogic since June 2005 and brings extensive experience in corporate finance, accounting, and operations to her role. | |
Gary H. Tauss Board | Board Member | Board Observer at Hootsuite Inc.; Board Member at NetForecast, Inc. | Gary H. Tauss has served as a board member of QuickLogic since June 2002, contributing broad expertise in the technology and mobile markets. He has also held other leadership roles including a board observer position at Hootsuite Inc. and a board membership at NetForecast, Inc.. | |
Joyce Kim Board | Director | Advisory board member at Sparklabs Frontier program at Arizona State University ; Board of Directors at Bring Me A Book | Joyce Kim has served as a Director at QuickLogic Corporation since December 8, 2021. She is a member of the Audit Committee and the Nominating and Corporate Governance Committee. | |
Michael R. Farese Board | Chairman of the Board | Michael R. Farese has served as the Chairman of the Board at QuickLogic Corporation since December 6, 2019 and has been a board member since April 2008. He brings over 45 years of experience in telecommunications and semiconductors, having held key roles at companies such as BitWave Semiconductor and Palm, Inc.. |
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Given the delays in key contract awards that have impacted your Q1 2025 revenue guidance, what specific actions are you taking to mitigate these risks, and how confident are you in the timing and realization of the expected revenue rebound in Q2?
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With your significant investment in Intel 18A eFPGA ahead of contracts, can you elaborate on the level of customer demand you've secured for this node, and how might potential strategic changes at Intel affect your opportunities and return on investment in this area?
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In light of Analog Devices' acquisition of Flex Logix and your hiring of their former VP of Sales, how are you positioning QuickLogic to capture market share in the eFPGA IP space, and what challenges do you foresee in competing with larger players as you expand into new markets?
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You are exploring options for SensiML, including a possible sale, which suggests a strategic shift; how does this decision align with your long-term strategy, and what are the implications for your growth and profitability given that your 2025 outlook excludes contributions from SensiML?
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You've announced plans to establish an ATM to enhance financial flexibility, indicating potential capital needs; can you clarify your expected capital requirements and how issuing new equity aligns with your objectives of achieving revenue growth, profitability, and positive cash flow in 2025 without causing significant dilution to shareholders?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
FlexLogix | In 2024, Analog Devices acquired the assets and technology of the company's most noteworthy eFPGA competitor. |
This company is a competitor for low power discrete FPGA devices, specifically in the low-density FPGA market. | |
Microsemi Corp. | A subsidiary of Microchip Technology Inc., this company competes in the low-density FPGA market and Aerospace and Defense discrete FPGA market. |
Xilinx Inc. | A subsidiary of Advanced Micro Devices, Inc., this company competes in the Aerospace and Defense discrete FPGA market. |
Altera | A recent spin-off of Intel Corp., this company competes in the Aerospace and Defense discrete FPGA market. |
Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. | |
Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. | |
Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. | |
Arduino | Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. |
Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. | |
Raspberry Pi | Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. |
Nordic Semiconductor | Collaborates with the company's AI/ML software subsidiary, SensiML, to integrate development kits for showcasing combined solutions for AI/ML applications. |
Recent press releases and 8-K filings for QUIK.
- QuickLogic Corporation received a $1.43 million Incremental Funding Modification for its Strategic Radiation Hardened (SRH) Program, complementing a previous $6.58 million contract awarded in December 2024.
- The additional funding will support the continued development and demonstration of high reliability SRH FPGA technology catered to Aerospace and Defense Industrial Base customers.
- QuickLogic extended its credit facility maturity from December 31, 2025 to December 31, 2026 while maintaining the $20M line of credit.
- The amendment aims to enhance operational flexibility for executing large government contracts, new eFPGA IP licenses, and related business activities.
- On March 6, 2025, QuickLogic entered into a common stock purchase agreement to issue 256,200 shares at $5.93 per share, generating approximately $1.5 million in gross proceeds.
- The transaction is executed under a Form S-3 registration statement, with a base prospectus dated August 26, 2022 and a prospectus supplement dated March 10, 2025, and the net proceeds are designated for general corporate and working capital needs.
- Q4 2024 Performance & Q1 2025 Outlook: Total revenue reached $5.7M (new: $4.7M, mature: $1.0M) with Q1 guidance of ~$4M (new: $3.4M, mature: $0.6M) and an expected non-GAAP gross margin of ~50%
- Key Contract Wins: Secured a $1.1M eFPGA Hard IP contract, a $6.6M US Government FPGA contract tranche, and additional 7-figure opportunities with a new defense customer, setting the stage for a revenue rebound from Q2 2025 onward
- Profitability Update: Reported a GAAP net loss of $0.3M in Q4 2024, while non-GAAP measures showed a modest profit of $0.6M, supporting expectations for improved 2025 profitability
- Market Diversification: Advancing beyond aerospace and defense into industrial, communications, and consumer segments through enhanced sales leadership and strategic contracts
- ATM Issuance Agreement: Entered an At Market Issuance Sales Agreement with Needham & Company on February 25, 2025, enabling the potential sale of up to $20M in common stock, with the sales agent eligible for up to 3.0% commission per share
- QuickLogic is actively exploring strategic alternatives for its wholly-owned subsidiary SensiML, including a potential sale, asset divestiture, or partnership as part of its realignment towards core business focus.
- The company will concentrate on expanding its profitable eFPGA Hard IP and ruggedized FPGA offerings by leveraging recent design wins and contract expansions.
- CEO Brian Faith emphasized that the strategic move reinforces QuickLogic’s successful primary business model and prioritizes growth in core market opportunities.