QuickLogic | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 2.029 M

LB filings

2025.11.12 21:42

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Revenue: As of FY2025 Q3, the actual value is USD 2.029 M, missing the estimate of USD 2.05 M.

EPS: As of FY2025 Q3, the actual value is USD -0.24.

EBIT: As of FY2025 Q3, the actual value is USD -3.84 M.

Total Revenue: $2.0 million for the third quarter of 2025, a decrease of 52% compared to the same quarter last year.
New Products Revenue: $1.0 million for the third quarter of 2025, a decrease of 73% from the third quarter of 2024.
Mature Products Revenue: $1.1 million for the third quarter of 2025, an increase of 46% compared to the third quarter of 2024.

Net Loss from Continuing Operations: $4.0 million for the third quarter of 2025, compared to a net loss of $1.8 million for the third quarter of 2024.
Gross Profit (Loss): - $472 thousand for the third quarter of 2025, compared to $2.5 million for the third quarter of 2024, reflecting a decrease of 119%.
Operating Expenses: Total operating expenses were $3.5 million for the third quarter of 2025, a decrease of 16% compared to $4.1 million for the third quarter of 2024.

Net Cash Used in Operating Activities: - $1.4 million for the nine months ended September 28, 2025.
Net Cash Used in Investing Activities: - $4.5 million for the nine months ended September 28, 2025.
Net Cash Provided by Financing Activities: $1.4 million for the nine months ended September 28, 2025.

eFPGA IP and Professional Services Revenue: $0.7 million for the three months ended September 28, 2025, primarily from professional services.

Core Business Focus: QuickLogic Corporation plans to focus on leveraging and growing its eFPGA IP and ruggedized FPGA business, which are considered the cornerstones of its core business model.
Non-Core Business: The company is actively exploring options for the possible sale of its wholly-owned subsidiary, SensiML Corporation, and expects to complete the disposal within 12 months from the announcement date.