secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001437749-23-031970
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q3 GAAP net income $1.2M; record non-GAAP net income $1.8M on revenue up 93% YoY
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- Revenue $6.7M, up 128% QoQ and 93% YoY; new product revenue $6.1M up 171% YoY driven by $15M government eFPGA contract phase two.
- GAAP net income $0.08 diluted EPS vs ($0.11) YoY; non-GAAP net income $0.13 diluted EPS vs ($0.07) YoY.
- GAAP gross margin 76.9% vs 41.2% prior Q; non-GAAP gross margin 78.0% vs 44.2% prior Q.
- Sales funnel grew to record $162M; management reaffirms 30% full-year revenue growth and non-GAAP profitability for 2023.
- Top-tier MCU company launched private-label SensiML AI/ML; initial revenues expected in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774923031970/0001437749-23-031970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774923031970/quicklo20230911_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031970

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