secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001437749-23-023692
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q2 revenue down 35.7% YoY to $2.9M; reaffirms full-year profitability expectation
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- Revenue $2.9M, down 29.3% QoQ and 35.7% YoY; new product revenue $2.2M, down 28.7% YoY.
- GAAP net loss $2.3M ($0.17/share) vs loss $0.5M ($0.04/share) in Q2 2022.
- Non-GAAP net loss $1.7M ($0.12/share) vs loss $47K ($0.00/share) in Q2 2022.
- GAAP gross margin dropped to 41.2% from 57.8% in Q1 2023 due to contract delays.
- Management affirms FY2023 revenue growth >30% and H2 non-GAAP profitability; sales funnel record $140M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774923023692/0001437749-23-023692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774923023692/quicklo20230614_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023692

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