QUICKLOGIC Corp QUIK
QuickLogic Corporation was founded in 1988 and completed its reincorporation in Delaware in 1999. We develop programmable logic semiconductor technologies, including embedded Field Programmable Gate Array ("eFPGA") intellectual property ("IP") and specialized FPGA devices used in a range of applications requiring adaptable hardware functionality. Our technologies enable customers to incorporate programmable logic into custom semiconductor devices or deploy standalone programmable devices to implement system control, hardware acceleration, and other configurable functions.
We are a fabless semiconductor company whose primary offerings include eFPGA IP licensing, discrete FPGA devices, and related development tools and software. Semiconductor companies license our eFPGA IP to integrate programmable logic blocks into their application-specific integrated circuits ("ASICs") and system-on-chip ("SoC") devices. Our discrete FPGA devices enable customers to implement custom hardware functionality in applications requiring flexibility, low power consumption, and long product life cycles.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $19.7M | $21.2M | $16.2M | $12.7M | $8.6M | $10.3M | $12.6M | $12.1M | $11.4M |
| Cost of revenue | $10.7M | $7.6M | $6.7M | $7.4M | $5.3M | $4.4M | $4.4M | $6.3M | $6.6M | $7.6M |
| Gross profit | $3.0M | $12.1M | $14.5M | $8.8M | $7.4M | $4.2M | $5.9M | $6.3M | $5.5M | $3.8M |
| R&D | $5.3M | $5.8M | $6.4M | $5.0M | $6.9M | $7.5M | $12.3M | $9.9M | $9.6M | $12.3M |
| SG&A | $9.3M | $8.8M | $8.0M | $7.6M | $8.0M | $6.8M | $8.9M | $10.0M | $9.9M | $10.3M |
| Operating income | -$11.9M | -$2.5M | $70.0K | -$3.8M | -$7.5M | -$10.9M | -$15.4M | -$13.6M | -$13.9M | -$18.8M |
| Interest expense | $370.0K | $406.0K | $215.0K | $148.0K | $130.0K | $328.0K | $350.0K | $108.0K | $115.0K | $175.0K |
| Pre-tax income | -$12.3M | -$2.9M | -$261.0K | -$4.2M | -$6.5M | -$11.1M | -$15.5M | -$13.6M | -$14.0M | -$19.1M |
| Income tax | $18.0K | $3.0K | $2.0K | $98.0K | $119.0K | $51.0K | $80.0K | $152.0K | $87.0K | $65.0K |
| Net income | -$14.8M | -$3.8M | -$263.0K | -$4.3M | -$6.6M | -$11.2M | -$15.4M | -$13.8M | -$14.1M | -$19.1M |
| EPS, basic | -0.91 | -0.26 | -0.02 | -0.34 | -0.57 | -1.14 | — | — | -0.18 | -0.29 |
| EPS, diluted | -0.91 | -0.26 | — | — | -0.57 | -1.14 | -2.02 | -2.16 | -2.56 | -0.29 |
| Shares, diluted (wtd. avg.) | 16.2M | 14.5M | 13.5M | 12.6M | 11,535 | 9.8M | — | — | 77.3M | 65.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.8M | $21.9M | $24.6M | $19.2M | $19.6M | $22.7M | $21.5M | $26.4M | $16.5M | $14.9M |
| Receivables | $2.8M | $2.4M | $1.6M | $2.7M | $999.0K | $1.7M | $2.0M | $2.2M | $925.0K | $839.0K |
| Inventory | $956.0K | $940.0K | $2.0M | $2.5M | $2.1M | $2.7M | $3.3M | $3.8M | $3.6M | $2.0M |
| Total current assets | $24.2M | $29.6M | $34.6M | $27.9M | $24.2M | $28.2M | $28.4M | $34.3M | $22.0M | $18.8M |
| Property, plant and equipment | $18.2M | $15.7M | $8.9M | $1.4M | $499.0K | $548.0K | $830.0K | $1.4M | $2.4M | $2.8M |
| Goodwill | — | $185.0K | $185.0K | $185.0K | $185.0K | $185.0K | $185.0K | — | — | — |
| Other intangibles | $339.0K | $378.0K | $537.0K | $645.0K | $752.0K | $860.0K | $1.0M | — | — | — |
| Total assets | $44.8M | $51.9M | $47.8M | $32.6M | $29.0M | $32.9M | $33.4M | $36.1M | $24.6M | $21.8M |
| Total current liabilities | $21.3M | $25.4M | $29.6M | $20.0M | $18.9M | $18.0M | $18.0M | $18.7M | $9.4M | $9.8M |
| Long-term debt | $3.0M | $3.1M | $1.4M | — | — | — | — | — | — | — |
| Total liabilities | $22.3M | $27.0M | $30.9M | $20.7M | $19.8M | $20.4M | $19.6M | $18.8M | $9.8M | $9.9M |
| Retained earnings | -$324.2M | -$309.4M | -$305.6M | -$305.3M | -$301.0M | -$294.4M | -$283.3M | -$267.8M | -$254.0M | -$239.9M |
| Total equity | $22.5M | $24.9M | $16.9M | $11.9M | $9.2M | $12.5M | $13.8M | $17.3M | $14.9M | $12.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.3M | $27.0K | $4.8M | -$4.1M | -$2.9M | -$6.7M | -$11.6M | -$12.6M | -$12.9M | -$15.3M |
| Depreciation and amortisation | $5.4M | $4.0M | $1.8M | $1.1M | $1.0M | $817.0K | $1.2M | $1.3M | $1.4M | $1.3M |
| Stock-based compensation | $3.3M | $4.6M | $2.5M | $2.0M | $2.5M | $1.7M | $3.1M | $1.9M | $1.4M | $1.6M |
| Capital expenditure | $3.2M | $5.4M | $5.5M | $142.0K | $180.0K | $253.0K | $576.0K | $351.0K | $642.0K | $2.0M |
| Investing cash flow | -$3.7M | -$6.5M | -$6.3M | -$814.0K | -$713.0K | -$1.1M | -$921.0K | -$288.0K | -$642.0K | -$2.0M |
| Financing cash flow | $3.9M | $3.7M | $6.9M | $4.5M | $434.0K | $9.0M | $7.6M | $22.9M | $15.2M | $12.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-010089.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.4M | $12.1M | $12.6M | $10.3M | $8.6M | $12.7M | $16.2M | $21.2M | $19.7M | $13.8M |
| Gross profit | $3.8M | $5.5M | $6.3M | $5.9M | $4.2M | $7.4M | $8.8M | $14.5M | $12.1M | $3.0M |
| Net income | -$19.1M | -$14.1M | -$13.8M | -$15.4M | -$11.2M | -$6.6M | -$4.3M | -$263.0K | -$3.8M | -$14.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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