<span item_type="fundamental" item_id="5672a26c60a51184a51e78c8c9ca7731" counter_id="ST/US/QUIK" env="prod"></span><span item_type="announcement" item_id="630979698250617985" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 13.77 M, beating the estimate of USD 13.6 M.</p><p>EPS: As of FY2025, the actual value is USD -0.91.</p><p>EBIT: As of FY2025, the actual value is USD -11.55 M.</p><p></p><h4>Total Revenue</h4><p>QuickLogic Corporation’s total revenue decreased by $5.9 million, or -30%, from $19.7 million in Fiscal Year 2024 to $13.8 million in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>New Products Revenue</h4><p>Revenue from new products decreased by $5.2 million, or -33%, from $15.7 million (80% of total revenue) in Fiscal Year 2024 to $10.5 million (76% of total revenue) in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>eFPGA IP Revenue</h4><p>eFPGA IP revenue, a component of new products, decreased by $3.6 million, or -28%, from $13.1 million (67% of total revenue) in Fiscal Year 2024 to $9.5 million (69% of total revenue) in Fiscal Year 2025, primarily due to a $3.7 million decrease in eFPGA-related professional services revenue <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Hardware Products Revenue</h4><p>Hardware products revenue decreased by $1.6 million, or -61%, from $2.5 million (13% of total revenue) in Fiscal Year 2024 to $987 thousand (7% of total revenue) in Fiscal Year 2025, mainly driven by a $1.6 million decrease in connectivity product revenue <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Mature Products Revenue</h4><p>Mature products revenue decreased by $674 thousand, or -17%, from $4.0 million (20% of total revenue) in Fiscal Year 2024 to $3.3 million (24% of total revenue) in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Other Miscellaneous Revenue</h4><p>Other miscellaneous revenue decreased from $0.4 million (2.2% of total revenue) in Fiscal Year 2024 to $0.1 million (0.5% of total revenue) in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Gross Profit</h4><p>Gross profit decreased by $9.1 million, or -75%, from $12.1 million (62% of revenue) in Fiscal Year 2024 to $3.0 million (22% of revenue) in Fiscal Year 2025, reflecting the decrease in revenue and a $3.2 million, or 42%, increase in cost of revenue <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Cost of Revenue</h4><p>Cost of revenue increased by $3.2 million, or 42%, from $7.6 million (38% of revenue) in Fiscal Year 2024 to $10.7 million (78% of revenue) in Fiscal Year 2025, primarily due to higher compensation expense, tooling, tooling-related depreciation, and increased reserves for wafer product inventory <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Operating Expenses</h4><p>Total operating expenses increased by $340 thousand, or 2%, from $14.6 million (75% of revenue) in Fiscal Year 2024 to $15.0 million (109% of revenue) in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Research and Development (R&amp;D) Expenses</h4><p>R&amp;D expenses decreased by $551 thousand, or -9%, from $5.8 million (30% of revenue) in Fiscal Year 2024 to $5.3 million (39% of revenue) in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Selling, General and Administrative (SG&amp;A) Expenses</h4><p>SG&amp;A expenses increased by $516 thousand, or 6%, from $8.8 million (45% of revenue) in Fiscal Year 2024 to $9.3 million (67% of revenue) in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Impairment Charges</h4><p>Impairment charges of $300 thousand were recorded in Fiscal Year 2025, compared to $0 in Fiscal Year 2024, attributed to the full impairment of a non-marketable equity investment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Restructuring Costs</h4><p>Restructuring costs of $75 thousand were incurred in Fiscal Year 2025, primarily for severance payments related to SensiML discontinued operations, with $0 in Fiscal Year 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Net Income (Loss) from Continuing Operations</h4><p>QuickLogic Corporation reported a net loss from continuing operations of - $12.3 million in Fiscal Year 2025, compared to a net loss of - $2.9 million in Fiscal Year 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities was - $3.3 million in Fiscal Year 2025, compared to net cash provided of $27 thousand in Fiscal Year 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Cash Flow from Investing Activities</h4><p>Net cash used in investing activities was - $3.7 million in Fiscal Year 2025, down from - $6.5 million in Fiscal Year 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Cash Flow from Financing Activities</h4><p>Net cash provided by financing activities was $3.9 million in Fiscal Year 2025, compared to $3.7 million in Fiscal Year 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Net Loss from Discontinued Operations</h4><p>QuickLogic Corporation reported a net loss from discontinued operations of - $2.5 million in Fiscal Year 2025, compared to a net loss of - $0.9 million in Fiscal Year 2024, including impairment charges of $2.4 million in Fiscal Year 2025 related to the SensiML asset group <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Revenue from Discontinued Operations</h4><p>Revenue from discontinued operations decreased from $461 thousand in Fiscal Year 2024 to $11 thousand in Fiscal Year 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>. For Fiscal Year 2025, Asia Pacific contributed $4 thousand, North America $6 thousand, and Europe $1 thousand to discontinued operations revenue <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>. In Fiscal Year 2024, North America contributed $432 thousand and Asia Pacific $29 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p><h4>Outlook / Guidance</h4><p>QuickLogic Corporation anticipates sufficient liquidity for operations and capital expenditures for the next twelve months from existing cash and financial resources, including a new $10 million credit facility with Sunflower Bank, N.A. expected in Q2 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>. The company believes future domestic cash generation will meet domestic needs, and earnings from foreign subsidiaries are expected to be indefinitely reinvested <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926010089/quicklo20251208_10k.htm"></span>.</p>

QuickLogic | 10-K: FY2025 Revenue Beats Estimate at USD 13.77 M