secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001437749-23-014806
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q1 revenue $4.1M, net loss $1.2M; guides >30% FY2023 growth
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- GAAP net loss $1.2M ($0.09/sh); non-GAAP net loss $0.5M ($0.04/sh).
- Total revenue $4.1M (+0.9% YoY); new product revenue $3.1M (-11.4% YoY).
- GAAP gross margin 57.8%, non-GAAP 59.7%; up sequentially from 51.9% and 53.2%.
- Sales funnel reached $125M; expects positive non-GAAP operating income in Q3 and Q4.
- Fiscal 2023 revenue growth target >30% YoY, driven by eFPGA and cost management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774923014806/0001437749-23-014806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774923014806/quicklo20230329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014806

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