secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001437749-23-004744
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774923004744/0001437749-23-004744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774923004744/quicklo20230206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-004744

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