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QuickLogic Corporation Financial Results for Q2 2025

QuickLogic Corporation, publicly traded under NASDAQ: QUIK, is renowned for its cutting-edge work in embedded FPGA (eFPGA) technology, ruggedized FPGAs, and innovative Endpoint AI solutions. On August 12, 2025, the company announced its financial outcomes for the second quarter that concluded on June 29, 2025.

Key Developments

During this period, QuickLogic signed a revenue-generating eFPGA Hard IP license contract specifically for a customer’s Intel 18A test chip. This agreement highlights QuickLogic’s effective collaboration with major tech companies. Furthermore, they've been awarded a feasibility contract for a high-density eFPGA IP core, further demonstrating their expansion in complex FPGA solutions.

A significant technological advancement was the introduction of the Aurora PRO FPGA User Tool, capable of full integration with Synopsis Synplify®. This new tool boasts 50% better resource utilization, along with a maximum frequency increase of up to 35%. Alongside this, enhancements are underway to drastically improve their proprietary Australis IP Generation tool, with a planned release in Q4 2025.

As part of their strategic initiatives, QuickLogic has collaborated with the Intel Foundry Chiplet Alliance to work towards the integration of eFPGA IP and chiplet solutions that align with the Intel 18A technology.

Financial Overview

The company's financial results present a mixed picture for Q2 2025:

• - Total revenue from continuing operations was around $3.7 million, noting a 10.0% decrease year-over-year and a 14.8% decline from Q1 2025.
• - New product revenue accounted for approximately $2.9 million in Q2 2025, a marginal decrease of $0.1 million, or 3.6%, year-over-year, and down $0.8 million, or 22.1%, from Q1 2025.
• - Mature product revenue stood at $0.8 million, showing a comparative decline from $1.1 million in Q2 2024 and up from $0.6 million in Q1 2025.

The GAAP gross margin from continuing operations significantly dropped to 25.9% compared to 54.7% reported in Q2 2024 and 43.4% in the previous quarter. Similarly, the non-GAAP gross margin also fell to 31.0% from 58.2% in the prior year. Operating expenses slightly increased to $3.5 million compared to $3.4 million in the same period last year, however, non-GAAP operating expenses reduced to $2.5 million from $2.8 million.

QuickLogic reported a GAAP net loss amounting to ($2.7 million), or ($0.17) per share, a stark comparison to the net loss of ($1.6 million), or ($0.11) per share, from the previous year, and the loss of ($2.2 million) or ($0.14) per share in Q1 2025. The adjusted non-GAAP net loss for the quarter was ($1.5 million), equating to ($0.09) per share.

Looking Forward

Brian Faith, CEO of QuickLogic, emphasized the growing demand for high-density designs with their engagement in advanced fabrication nodes. This spotlight on innovation has led the firm to expedite the launch of Australis 2.0, aligning the tool's features with customer needs.

QuickLogic is set to hold a conference call today at 2:30 PM Pacific Time to delve deeper into the financial results and outline expectations for the future. Investors can tune into the discussion via QuickLogic's Investor Relations website or join the live call directly.

For a company at the intersection of technology and customer-focused solutions, QuickLogic remains a key player in the semiconductor sector, continually striving to innovate and enhance its product offerings.

Conclusion

As QuickLogic navigates the challenges presented in Q2, its commitment to technological advancement and strategic partnerships signals a forward momentum that could position the company advantageously in the competitive semiconductor market. The upcoming features and developments, especially with the launch of their new tools, could redefine their operational trajectory as they progress through 2025 and beyond.