QuickLogic Q2 revenue $2.9M (up 31% YoY), net loss narrows to $0.18/sh

QUICKLOGIC Corp

GAAP net loss $2.1M ($0.18/sh) vs $3.0M ($0.35/sh) in Q2 2020; non-GAAP loss $1.9M ($0.16/sh).
Revenue $2.9M, highest since Q1 2019; new product rev $1.3M (+54% YoY), mature product rev $1.6M (+18% YoY).
GAAP gross margin 50.9% vs 45.7% YoY; non-GAAP gross margin 51.5% vs 47.1%.
Delivered new eFPGA IP license; partnered with Microchip, Digi-Key, and Zifisense for IoT/AI solutions.
Operating expenses fell to $3.4M GAAP ($3.3M non-GAAP) from $3.9M a year ago.

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