QuickLogic Reports Fiscal Third Quarter 2025 Financial Results

SAN JOSE, Calif., Nov. 11, 2025 -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs, and Endpoint AI solutions, today announced its financial results for the fiscal third quarter that ended September 28, 2025.

Recent Highlights

• Won a $1 million eFPGA Hard IP contract for a high-performance data-center ASIC, which continues to expand our success in commercial markets
• Expanded our involvement with Defense Industrial Base entity specializing in cyber-security for strategic and tactical weapons systems
• A significant rebound of USG Strategic Radiation Hardened FPGA Program expected to contribute to fourth-quarter revenue growth
• Appointed Ron Shelton, CFO of Syntiant Corp., to the Board of Directors and Chair of the Audit Committee

"We have logged significant progress during the last three months," said Brian Faith, CEO of QuickLogic. "Our investment to accelerate the fabrication of our Strategic Rad Hard FPGA Test Chip is being very well received by potential customers. As a matter of fact, we anticipate receiving orders for our upcoming SRH FPGA Dev Kit, as well as several new eFPGA Hard IP contracts, during the coming weeks."

Fiscal Third Quarter  2025  Financial Results

Total revenue from continuing operations for the third quarter of fiscal 2025 was $2.0 million, a decrease of 51.8% compared with the third quarter of 2024 and a decrease of 45.0% compared with the second quarter of 2025.

New product revenue from continuing operations was approximately $1.0 million in the third quarter of 2025, a decrease of $2.5 million, or 72.6%, compared with the third quarter of 2024 and a decrease of $1.9 million, or 67.3%, compared with the second quarter of 2025.

Mature product revenue from continuing operations was $1.1 million in the third quarter of 2025. This compares to $0.7 million in the third quarter of 2024 and $0.8 million in the second quarter of 2025.

Third quarter 2025 GAAP gross margin from continuing operations was (23.3%) compared with 59.1% in the third quarter of 2024 and 25.9% in the second quarter of 2025.

Third quarter 2025 non-GAAP gross margin from continuing operations was (11.9%) compared with 64.7% in the third quarter of 2024 and 31.0% in the second quarter of 2025.

Third quarter 2025 GAAP operating expenses from continuing operations were $3.5 million compared with $4.1 million in the third quarter of 2024 and $3.5 million in the second quarter of 2025.

Third quarter 2025 non-GAAP operating expenses from continuing operations were $2.9 million compared with $3.0 million in the third quarter of 2024 and $2.5 million in the second quarter of 2025.

Third quarter 2025 GAAP net loss was ($4.0 million), or ($0.24) per share, compared with a net loss of ($2.1 million), or ($0.14) per share, in the third quarter of 2024, and a net loss of ($2.7 million), or ($0.17) per share, in the second quarter of 2025.

Third quarter 2025 non-GAAP net loss was ($3.2 million), or ($0.19) per share, compared with a net loss of ($0.9 million), or ($0.07) per share, in the third quarter of 2024, and a net loss of ($1.5 million), or ($0.09) per share, in the second quarter of 2025.

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, November 11, 2025, to discuss its current financial results. The conference call will be webcast on QuickLogic's IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. No Passcode is needed to join the conference call. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13756624.

The call recording, which can be accessed by phone, will be archived through November 18, 2025, and the webcast will be available for 12 months on the Company's website.

About QuickLogic

QuickLogic is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.