QUICKLOGIC CorpQUIKEarnings & Financial Report
QuickLogic Corp is a fabless semiconductor company developing low-power customizable FPGAs, embedded FPGA IP, and edge sensor processing solutions. Its offerings serve global wearables, IoT, mobile electronics, and industrial markets, enabling energy-efficient low-latency on-device processing for edge AI and sensing use cases.
Revenue
$4.2M
Gross Profit
$2.5M
Operating Profit
$-1.6M
Net Profit
$-2.1M
Gross Margin
59.1%
Operating Margin
-38.1%
Net Margin
-49.8%
YoY Growth
-36.8%
EPS
$-0.14
QUICKLOGIC Corp Q3 FY2024 Financial Summary
QUICKLOGIC Corp reported revenue of $4.2M (down 36.8% YoY) for Q3 FY2024, with a net profit of $-2.1M (down 275.7% YoY) (-49.8% margin). Cost of goods sold was $1.7M, operating expenses totaled $4.1M.
Key Financial Metrics
| Total Revenue | $4.2M |
|---|---|
| Net Profit | $-2.1M |
| Gross Margin | 59.1% |
| Operating Margin | -38.1% |
| Report Period | Q3 FY2024 |
QUICKLOGIC Corp Annual Revenue by Year
QUICKLOGIC Corp annual revenue history includes year-by-year totals (for example, 2024 revenue was $19.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $19.7M |
| 2023 | $21.2M |
| 2022 | $16.2M |
| 2021 | $12.7M |
QUICKLOGIC Corp Quarterly Revenue & Net Profit History
QUICKLOGIC Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2024 | $5.7M | -24.1% | $-305.0K | -5.4% |
| Q3 FY2024 | $4.2M | -36.8% | $-2.1M | -49.8% |
| Q2 FY2024 | $4.1M | +40.2% | $-1.6M | -37.8% |
| Q1 FY2024 | $5.7M | +37.2% | $108.0K | 1.9% |
| Q4 FY2023 | $7.5M | +83.1% | $2.0M | 27.3% |
| Q3 FY2023 | $6.7M | +92.7% | $1.2M | 17.9% |
| Q2 FY2023 | $2.9M | -35.7% | $-2.3M | -77.7% |
| Q1 FY2023 | $4.1M | +0.9% | $-1.2M | -29.7% |
Income Statement
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1M | $2.9M | $6.7M | $7.5M | $5.7M | $4.1M | $4.2M | $5.7M |
| YoY Growth | 0.9% | -35.7% | 92.7% | 83.1% | 37.2% | 40.2% | -36.8% | -24.1% |
Balance Sheet
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $34.7M | $34.4M | $36.5M | $47.8M | $51.9M | $47.5M | $49.7M | $51.9M |
| Liabilities | $21.1M | $22.2M | $22.5M | $30.9M | $29.7M | $25.6M | $28.8M | $27.0M |
| Equity | $13.7M | $12.2M | $14.0M | $16.9M | $22.2M | $21.8M | $20.9M | $24.9M |
Cash Flow
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-359000 | $38000 | $130000 | $5.0M | $147000 | $-220000 | $-16000 | $116000 |