secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001437749-25-016445
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q1 revenue $4.3M, down 23.7% YoY; GAAP net loss ($0.14)/share vs income $0.01
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- Revenue $4.3M, down 23.7% YoY and 23.8% QoQ; new product revenue $3.7M down 17.4% YoY.
- GAAP net loss ($2.2M) or ($0.14)/share vs net income $0.1M ($0.01)/share in Q1 2024.
- Non-GAAP net loss ($1.1M) or ($0.07)/share vs non-GAAP net income $1.7M ($0.12)/share in Q1 2024.
- GAAP gross margin 43.4% vs 67.1% YoY; cites timing of large eFPGA IP contracts.
- Delivered eFPGA Hard IP for Intel 18A test chip; extended $20M credit facility to Dec 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774925016445/0001437749-25-016445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774925016445/quicklo20250407c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016445

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