QuickLogic Q3 revenue down 36% YoY to $4.3M; GAAP EPS loss $0.14 vs profit $0.08 last year

QUICKLOGIC Corp

2024-Q3 EPS reported -$0.25 revenue$14,407,000

Revenue $4.3M, down 35.9% YoY; new product revenue $3.5M (-42% YoY) on timing of eFPGA IP deliverables.
GAAP net loss $2.1M ($0.14 per share) vs net income $1.2M ($0.08 diluted) in Q3 2023.
Non-GAAP net loss $0.9M ($0.06 per share) vs non-GAAP income $1.8M ($0.13) a year ago.
GAAP gross margin 55.8%, down from 76.9% YoY; operating expenses $4.2M.
CEO: eFPGA Hard IP delivered or in progress for six processes, including Intel 18A; SensiML added RISC-V support.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.