Q4 2024 Quicklogic Corp Earnings Call Transcript

Feb 25, 2025 / 10:30 PM GMT

Release Date Price: $6.59 (-4.91%)

Transcript 8-K

Key Points

Positve

QuickLogic Corp (QUIK) anticipates a significant rebound in revenue and profitability starting in Q2 2025 due to new EFPGA hard IP contracts.
The company finalized a $1.1 million EFPGA hard IP contract with a new defense industrial base customer, with revenue recognition expected in Q2 2025.
QuickLogic Corp (QUIK) is the only company offering EFPGA hard IP optimized for Intel 18A, positioning it uniquely in the market.
The company has established EFPGA hard IP for six unique fabrication process technologies and plans to expand this to nine or ten during 2025.
Recent strategic hires, such as the former VP of sales from FlexLogics, are expected to accelerate sales and fill market voids left by competitors.

Negative

QuickLogic Corp (QUIK) reported Q4 2024 revenue slightly below the midpoint of their guidance due to external delays in contract awards.
The company forecasts lower Q1 2025 revenue than previously anticipated, attributing this to the delay of certain large IP contracts.
Non-GAAP gross margin in Q4 2024 was 62%, down from 78.3% in Q4 2023, indicating pressure on profitability.
QuickLogic Corp (QUIK) anticipates a non-GAAP net loss of $1.2 million to $1.4 million in Q1 2025.
Cash usage during Q4 2024 was impacted by continued development investments, leading to a decrease in total cash from $22.4 million to $21.9 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QUIK.OQ - QuickLogic Corp
Q4 2024 Quicklogic Corp Earnings Call
Feb 25, 2025 / 10:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good afternoon. At this time, I would like to welcome everyone to Quick Logic Corporation's 4th quarter fiscal 2024 earnings results conference call.

As a reminder, today's call is being recorded for replay purposes.

I would now like to turn the conference over to Ms. Allison Ziegler of Darrell Associates. Ziegler, please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and thanks to all of you for joining us. Our speakers today are Brian Faith, President and Chief Executive Officer, and Elias Nader, senior Vice

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