secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001437749-24-016233
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774924016233/0001437749-24-016233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774924016233/quicklo20240401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016233

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