---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016233"
form_type: "8-K"
ticker: "QUIK"
cik: "0000882508"
company_name: "QUICKLOGIC Corp"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:03:44.479411+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# QuickLogic Q1 revenue $6.0M (+45% YoY); GAAP net income turns positive at $0.01/share

## Summary
- Revenue $6.0M (+45% YoY); new product revenue $4.9M (+59.6% YoY).
- GAAP net income $0.1M ($0.01/sh) vs loss $1.2M YoY; non-GAAP net income $1.7M ($0.12/sh).
- GAAP gross margin 66.3% (vs 57.8% YoY); non-GAAP gross margin 70.3% (vs 59.7% YoY).
- Reaffirmed 30%+ revenue growth target for 2024; sales funnel at record $179M.
- Signed two eFPGA IP contracts for 12nm nodes; SensiML secured six-figure license with major MCU.

## SEC filing metadata
- accession: 0001437749-24-016233
- form_type: 8-K
- ticker: QUIK
- cik: 0000882508
- company_name: QUICKLOGIC Corp
- filed_at: 2024-05-13T23:59:59+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/882508/000143774924016233/0001437749-24-016233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882508/000143774924016233/quicklo20240401_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016233
- JSON: https://secwatch.observer/filing/0001437749-24-016233.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016233.txt

## Key facts
- Earnings Releases
  QUICKLOGIC Corp reported the fiscal first quarter ended March 31, 2024 results: revenue $6.0 million, net income $0.1 million, EPS $0.01 per basic and diluted share.
  - Period: the fiscal first quarter ended March 31, 2024
  - Revenue: $6.0 million
  - Net income: $0.1 million
  - EPS: $0.01 per basic and diluted share
  - Result: reported results
  source text: the expansion of SensiML's business model to include open-source licensing." Fiscal First Quarter 2024 Financial Results Total revenue for the first quarter of fiscal 2024 was $6.0 million, an increase of 45.3% compared with the first quarter of 2023 and a decrease of 19.7% compared with the fourth quarter of 2023. New product revenue was approximately $4.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/882508/000143774924016233/0001437749-24-016233-index.htm

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