secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001437749-22-027461
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q3 FY2022 revenue $3.5M (-10% YoY); net loss $0.11/share; secures $6.9M gov't contract
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- Total revenue $3.5M, down 10.3% YoY and 23.8% QoQ; new product revenue $2.3M (-18% YoY).
- GAAP net loss $1.3M ($0.11/share) vs. net loss $1.3M ($0.11/share) in Q3 FY2021.
- Non-GAAP net loss $0.9M ($0.07/share); GAAP gross margin fell to 48.5% from 70.8% a year ago.
- Signed $6.9M government eFPGA contract in August 2022; potential expansion to additional $72M over 4 years.
- Raised ~$3.2M from institutional investors during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774922027461/0001437749-22-027461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774922027461/quicklo20220821_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027461

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