---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004744"
form_type: "8-K"
ticker: "QUIK"
cik: "0000882508"
company_name: "QUICKLOGIC Corp"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:16:11.606592+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# QuickLogic FY2022 revenue $16.2M (+28% YoY); new product revenue up 50% to $11.7M

## Summary
- Q4 2022 revenue $4.1M (+10.2% YoY); GAAP net loss $1.2M ($0.09/share) vs $1.6M loss a year ago.
- FY2022 GAAP net loss $4.3M ($0.34/share) improved from $6.6M loss in FY2021; non-GAAP net loss $2.2M.
- Sales funnel grew to $118M; CEO expects organic sales growth >30% in 2023 and positive non-GAAP operating income.
- $6.9M government contract contributed to Q4 revenue and will continue into 2023.
- Non-GAAP gross margin 56.1% for FY2022 vs 60.7% prior year; operating expenses down to $10.8M.

## SEC filing metadata
- accession: 0001437749-23-004744
- form_type: 8-K
- ticker: QUIK
- cik: 0000882508
- company_name: QUICKLOGIC Corp
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882508/000143774923004744/0001437749-23-004744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882508/000143774923004744/quicklo20230206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004744
- JSON: https://secwatch.observer/filing/0001437749-23-004744.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004744.txt

## Key facts
- Earnings Releases
  QUICKLOGIC Corp reported the fiscal fourth quarter ended January 1, 2023 results: revenue $4.1 million, net income $1.2 million, EPS $0.09 per share.
  - Period: the fiscal fourth quarter ended January 1, 2023
  - Revenue: $4.1 million
  - Net income: $1.2 million
  - EPS: $0.09 per share
  - Result: reported results
  source text: Total revenue for the fourth quarter of 2022 was $4.1 million, an increase of 18.1% compared with the third quarter of 2022, and an increase of 10.2% compared with the fourth quarter of 2021. New product revenue was approximately $2.8 million in the fourth quarter of 2022, an increase of $0.6 million, or 26.2%, compared with the third quarter of 2022, and an increase of $0.2 million, or 6.6%, compared with the fourth quarter of 2021. The increase in new product revenue from the same period a year ago was primarily due to increased eFPGA professional services revenue partially offset by decreases in sensor, smart connectivity, and display product revenues. The previously announced $6.9 million government contract contributed to revenue growth in the quarter and will further contribute to revenue growth into 2023. Mature product revenue was $1.2 million in both the fourth quarter and the third quarter of 2022. Mature product revenue in the fourth quarter of 2022 increased 19.5% compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/882508/000143774923004744/0001437749-23-004744-index.htm
- Earnings Releases
  QUICKLOGIC Corp reported the fiscal year ended January 1, 2023 results: revenue $16.2 million, net income $4.3 million, EPS $0.34 per share.
  - Period: the fiscal year ended January 1, 2023
  - Revenue: $16.2 million
  - Net income: $4.3 million
  - EPS: $0.34 per share
  - Result: reported results
  source text: Total revenue for fiscal year 2022 was $16.2 million, compared with $12.7 million in fiscal year 2021, representing an approximately 28% increase. New product revenue was $11.7 million, increasing 50% from $7.8 million in the prior year. Mature product revenue was $4.5 million, decreasing from $4.9 million in fiscal year 2021. Fiscal year 2022 GAAP gross margin was 54.4%, compared with 58.5% in fiscal year 2021. Non-GAAP gross margin for fiscal year 2022 was 56.1%, compared with 60.7% in fiscal year 2021. GAAP operating expenses for fiscal year 2022 were $12.6 million, compared with $14.9 million in fiscal year 2021. Non-GAAP operating expenses for fiscal year 2022 were $10.8 million, down from $12.7 million in fiscal year 2021. GAAP net loss for fiscal year 2022 was $4.3 million, or $0.34 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/882508/000143774923004744/0001437749-23-004744-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.