QuickLogic Q3 revenue $5.1M, up 153% YoY; net loss narrows to $2.2M

QUICKLOGIC Corp

Revenue $5.1M, +153.2% YoY but -6.3% QoQ; new product revenue ~$4.0M (+324.4% YoY, -13.2% QoQ) and mature product revenue $1.1M.
GAAP gross margin 37.4% vs (23.3%) a year ago and 43.9% in Q2; non-GAAP gross margin 41.0% vs (11.9%) and 46.8%; GAAP opex $4.0M.
GAAP net loss $(2.2M), or $(0.12)/share, vs $(4.0M), or $(0.24), a year ago; non-GAAP net loss $(1.3M), or $(0.07)/share, vs $(3.2M), or $(0.19).
Secured a six-figure eFPGA Hard IP design win for an automotive/industrial SoC on 16nm targeting battery management, precision motor control and robotics; added a 12LP core exceeding 250,000 LUTs.
Appointed James Sullivan SVP Finance and CFO; CEO Brian Faith said the design win validates eFPGA technology and he anticipates a strong finish to the year.

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