QuickLogic Q2 revenue up 58% YoY to $4.5M; secures $7M eFPGA contract

QUICKLOGIC Corp

Total revenue $4.5M, +57.6% YoY; new product revenue $3.1M, +148% YoY.
GAAP net loss $0.5M ($0.04/share) vs loss $2.1M ($0.18) YoY; non-GAAP net loss $47k.
Signed ~$7M eFPGA contract on Aug 8, 2022; potential to increase to tens of millions.
GAAP gross margin 56.0% vs 50.9% YoY; non-GAAP gross margin 58.6%.
Introduced first disaggregated eFPGA chiplet template with eTopus.

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