#United States #FPGA #San Jose, California #QuickLogic #Fiscal Q3 2025

QuickLogic's Third Quarter 2025 Financial Overview

On November 11, 2025, QuickLogic Corporation (NASDAQ: QUIK), a leader in embedded FPGA (eFPGA) technology, shared its financial results for the fiscal third quarter ending September 28, 2025. The company faced notable challenges yet achieved critical advancements in various strategic areas. Here’s a deeper insight into the company’s performance and future outlook.

Financial Highlights

During the third quarter of fiscal 2025, QuickLogic reported total revenues from continuing operations amounting to $2.0 million. This figure represents a 51.8% decrease from the same period in the previous year and a 45.0% decline from the previous quarter. A significant portion of this revenue, approximately $1.0 million, was derived from new products, which saw a striking 72.6% drop year-over-year as well as a 67.3% decrease from the second quarter of 2025. In contrast, revenue from mature products showed growth, standing at $1.1 million, up from $0.7 million year-over-year.

QuickLogic's GAAP gross margin for the third quarter fell to (23.3%), a stark contrast to 59.1% reported in the same quarter of 2024. The non-GAAP gross margin also reflected negative values at (11.9%), down from 64.7% a year earlier. Operating expenses from continuing operations totaled $3.5 million, unchanged from the previous quarter but down from $4.1 million in the same quarter of 2024.

The company's net loss for this quarter was ($4.0 million), equating to ($0.24) per share, worsening compared to the net loss of ($2.1 million), or ($0.14) per share in the previous year.

Strategic Achievements

Despite the financial setbacks, QuickLogic secured a critical $1 million contract for eFPGA Hard IP related to a high-performance ASIC for data centers. This contract is expected to enhance QuickLogic’s footprint in commercial markets and showcase its technological prowess.

Additionally, QuickLogic expanded its collaborations within the Defense Industrial Base, fostering partnerships focused on cybersecurity solutions for critical defense systems. Enhanced ties with governmental agencies bolster the company's prospects, notably as they anticipate a rebound in their U.S. Government Strategic Radiation Hardened FPGA Program, contributing positively to revenue in the upcoming quarter.

CEO Brian Faith commented on the company’s operational progress: “In the past three months, we’ve made significant strides in our strategic initiatives. The reception of our fabrication investment for the Strategic Rad Hard FPGA Test Chip has been overwhelmingly positive, and we expect incoming orders for our new SRH FPGA Development Kit shortly.”

New Leadership Participation

In a significant addition to its board, QuickLogic appointed Ron Shelton, current CFO of Syntiant Corp., not only as a director but also as the chair of the Audit Committee. His financial experience is anticipated to offer valuable insights as QuickLogic navigates through complex market dynamics.

Looking Forward

As QuickLogic gears up for future growth, the company is optimistic about building on its existing contracts, including upcoming eFPGA Hard IP projects and expected orders for upcoming development kits. The company's focus on key markets including aerospace, defense, and industrial sectors positions it well for a potential turnaround amidst current challenges. The forthcoming conference call scheduled for today will shed more light on these developments and offer insights into management’s strategies for the fourth quarter.

Conclusion

The third quarter of 2025 has been a mixed bag for QuickLogic Corporation, marked by critical financial declines alongside promising strategic advancements. For investors and stakeholders, the company’s commitment to innovation and strategic growth, particularly in the defense sector, signals a gradual path towards recovery and enhancement of its market position.

For more detailed reports and ongoing updates, visit QuickLogic's official website.