QuickLogic (QUIK) Investor presentation summary

Market opportunity and growth drivers

• eFPGA IP and ruggedized FPGA products address a served available market exceeding $1B, with FPGAs accounting for over 30% of U.S. Military, Aerospace & Government semiconductor spend.

• FPGA market is projected to grow at a CAGR above 16.4% from 2024 to 2029, driven by military, aerospace, and government demand.

• Storefront and IP diversification are accelerating, leading to a financial inflection point.

• Defense modernization, edge AI, automotive, and industrial automation are key market drivers for FPGA adoption.

• Strategic Rad-Hard FPGA contracts and internally funded development target over $100M in new market opportunities.

Technology and product innovation

• Discrete and embedded FPGA solutions offer system and device-level adaptability, supporting evolving requirements and extending product lifecycles.

• Proprietary Australis 2.0 eFPGA IP generator reduces development time from over a year to weeks, enabling rapid targeting of any foundry or process node.

• Over 13 fabrication nodes qualified, with eFPGA IP available on advanced nodes including Intel 18A and GlobalFoundries 12LP.

• Only provider of eFPGA Hard IP on a sub-5nm process node, with broad adoption across defense and commercial sectors.

• Ecosystem collaborations include Intel Foundry Accelerator, YorChip, and security solutions for post-quantum cryptography.

Financial performance and outlook

• Revenue is forecast to grow 70-80% in 2026, with eFPGA representing 69% of total revenue and significant Storefront growth expected beyond 2027.

• Gross margin is projected to reach 63% in 2026, supported by new product sales and disciplined operating expense control.

• Non-GAAP net income and positive cash flow are expected in the second half of 2026, driven by operating leverage and a shift to higher-margin license and royalty revenue.

• Investments in 2025 are anticipated to return the business to non-GAAP net income in 2H 2026.

• Balance sheet as of June 28, 2026, shows $23.2M in current assets, $11.7M in total liabilities, and $31.2M in stockholders' equity.