secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001437749-22-012808
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q1 FY2022 revenue $4.1M (+83% YoY); net loss narrows to $1.2M
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- Revenue $4.1M, up 83% YoY; new product revenue $3.5M (+221% YoY) driven by eFPGA IP and smart connectivity.
- GAAP net loss $1.2M ($0.10/sh) improved from $1.7M ($0.15/sh) in Q1 2021; non-GAAP net loss $0.8M ($0.06/sh).
- GAAP gross margin 60.1% vs 51.1% YoY; non-GAAP gross margin 61.5% vs 52.7% YoY.
- Announced two new eFPGA contracts totaling ~$2.5M and appointed Owen Bateman as VP of Worldwide Sales.
- Partnership with SkyWater Technology for rad-hard eFPGA IP on RH90 process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774922012808/0001437749-22-012808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774922012808/quicklo20220328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-012808

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer