QuickLogic Q4 revenue up 48% YoY to $3.7M, FY revenue $12.7M (+47%)

QUICKLOGIC Corp

Q4 GAAP net loss $1.6M ($0.13/sh); non-GAAP net loss $0.5M ($0.04/sh).
Full-year GAAP net loss $6.6M ($0.57/sh) vs $11.2M ($1.14/sh) in FY2020.
New product revenue surged 219% YoY to $2.7M in Q4; gross margin improved to 56.1% GAAP.
Best quarterly cash flow from operations in over 10 years; received $1M non-cancellable purchase order for ArcticLink III.
Appointed Elias Nader as CFO; added Joyce Kim and Radhika Krishnan to board.

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