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QuickLogic (QUIK) investor relations material
QuickLogic Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved significant engineering milestones, including a $1 million eFPGA Hard IP contract for a data-center ASIC and increased engagement with Defense Industrial Base customers, expanding commercial and defense market presence.
Q3 2025 revenue was $2.0 million, down over 51% year-over-year, with new product revenue falling 73% and mature product revenue rising 46% compared to Q3 2024.
Net loss from continuing operations was $4.0 million for Q3 2025, compared to a $1.8 million loss in Q3 2024; non-GAAP net loss was $3.2 million ($0.19 per share).
Operations at the SensiML subsidiary were discontinued in Q1 2025, with the business held for sale and expected to be disposed of within 12 months.
Delivered SRH FPGA test chip design files to GlobalFoundries for 12LP process, with test chips expected in early Q1 2026 and dev kits ready soon after.
Financial highlights
Q3 2025 revenue was $2.0 million, down 52% year-over-year and 45% sequentially; new product revenue was $1.0 million, mature product revenue $1.1 million.
Non-GAAP gross margin in Q3 was negative 11.9%, compared to 65.3% in Q3 2024 and 31% in Q2 2025; GAAP gross margin was negative 23%.
Non-GAAP net loss was $3.2 million ($0.19 per share); GAAP net loss was $4.0 million ($0.24 per share).
Cash and equivalents at Q3 end were $17.3 million, including $15 million drawn from a $20 million credit facility.
Operating expenses for Q3 2025 were $3.5 million, down 16% year-over-year.
Outlook and guidance
Q4 2025 revenue guidance is $3.5 million to $6 million, depending on timing of a nearly $3 million contract; at high end, new product revenue would be $5 million.
Non-GAAP gross margin expected at 45% (low end) to 68% (high end) for Q4; full-year 2025 non-GAAP gross margin expected at 38% ±5%.
Q4 non-GAAP OpEx expected at ~$3 million; full-year 2025 non-GAAP OpEx projected at $11.3 million.
Storefront revenue in 2026 expected to be meaningful, potentially around 10% of total revenue, with overall 2026 revenue expected to be notably higher than 2025.
Existing cash, recent equity raises, and a $15 million revolving credit facility are expected to fund operations for at least the next 12 months.
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