Filing Analysis
QuickLogic Corporation has filed an 8-K to announce its financial results for the fiscal second quarter ended June 28, 2026. The filing includes a press release and non-GAAP reconciliations.
📋 Key Facts
- Reporting period: Fiscal second quarter ended June 28, 2026.
- Filing date: August 11, 2026.
- The company issued a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
QuickLogic Corporation reported the results of its 2026 Annual Stockholder Meeting held on May 7, 2026. All proposals passed, including the election of Class III directors, advisory approval of executive compensation, and ratification of the independent auditor.
📋 Key Facts
- The 2026 Annual Meeting was held on May 7, 2026, with 68.89% of total outstanding shares represented.
- Stockholders elected Brian C. Faith and Ron Shelton as Class III directors to serve until the 2029 Annual Meeting.
- The appointment of Frank, Rimerman + Co. LLP as the independent registered public accounting firm for the fiscal year ending January 3, 2027, was ratified with 12,169,394 votes in favor.
- Executive compensation was approved on a non-binding advisory basis with approximately 98.8% of the non-broker votes cast in favor (excluding abstentions).
QuickLogic Corporation reported its financial results for the first fiscal quarter ended March 29, 2026. The filing includes a press release with GAAP to non-GAAP reconciliations and standard forward-looking statement disclosures.
📋 Key Facts
- Financial results reported for the fiscal first quarter ended March 29, 2026
- Filing includes Item 2.02 (Results of Operation and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- A conference call was held on May 12, 2026, to discuss the results
- The report was signed by Elias Nader, Chief Financial Officer and Senior Vice-President, Finance
QuickLogic Corporation entered into a $10.0 million secured revolving credit facility with Sunflower Bank, N.A. maturing in April 2029. The facility is secured by substantially all of the company's assets and is intended for working capital and general corporate purposes.
🚩 Red Flags
- The facility is secured by 'substantially all' assets, which puts the company's core intellectual property and assets at risk upon default.
- The inclusion of a specific 'Remaining Months’ Liquidity' covenant of at least seven months suggests the lender is closely monitoring the company's cash burn rate.
📋 Key Facts
- The credit facility provides up to $10.0 million in revolving credit.
- Maturity date is set for April 24, 2029.
- Interest rate is the greater of 5.50% or the Prime Rate plus 0.50%.
- The loan is secured by a first priority security interest in substantially all assets of the Company.
- Includes a liquidity covenant requiring the Company to maintain at least seven months of 'Remaining Months’ Liquidity'.
- An annual facility fee of $30,000 is required.
QuickLogic Corporation announced its fiscal fourth quarter 2025 financial results for the period ended December 28, 2025. The filing includes a press release and reconciliation of GAAP to non-GAAP financial measures.
📋 Key Facts
- Reported financial results for the fiscal fourth quarter ended December 28, 2025
- Filed under Item 2.02 (Results of Operation and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- Included a press release as Exhibit 99.1 with GAAP to non-GAAP reconciliations
- The report was signed by CFO Elias Nader on March 3, 2026
QuickLogic Corporation filed an 8-K to announce its financial results for the fiscal third quarter ended September 28, 2025. The filing includes a press release and a transcript of the corresponding conference call.
📋 Key Facts
- Reporting period: Fiscal third quarter ended September 28, 2025.
- Filing date: November 11, 2025 (Reported) / November 12, 2025 (Signed).
- The company issued a press release and held a conference call to discuss financial results.
- The filing includes non-GAAP financial information with reconciliations provided in Exhibit 99.1.
QuickLogic Corporation announced the appointment of Ron Shelton to its Board of Directors, effective August 7, 2025. Mr. Shelton will serve as a Class III director and will chair the Audit Committee.
📋 Key Facts
- Ron Shelton appointed to the Board of Directors effective August 7, 2025.
- Shelton will serve as Chair of the Audit Committee.
- Shelton is currently CFO of Syntiant Corp and has previous leadership roles at Navitas Semiconductor and Cirrus Logic.
- The appointment was recommended by the Nominating and Corporate Governance Committee.
QuickLogic Corporation announced its financial results for the fiscal second quarter ended June 29, 2025. The filing serves as a formal notice of the earnings release and associated conference call.
📋 Key Facts
- Reporting period: Fiscal second quarter ended June 29, 2025.
- Filing date: August 12, 2025.
- The company issued a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
- Results were accompanied by a conference call.
QuickLogic Corporation announced the unexpected passing of Board Member Christine Russell on July 11, 2025. The company has adjusted its Audit Committee composition to ensure continued oversight.
📋 Key Facts
- Ms. Christine Russell passed away unexpectedly on July 11, 2025.
- Ms. Russell had served on the Board of Directors since 2005.
- Mr. Farese will now serve as the chairperson for the Audit Committee.
- Mr. Gary Tauss is rejoining the Audit Committee to fill the vacancy.
QuickLogic Corporation held its 2025 Annual Meeting of Stockholders on May 8, 2025. Shareholders approved amendments to the company's stock plans and elected directors.
📋 Key Facts
- Stockholders approved increasing the maximum aggregate number of shares in the 2019 Stock Plan by 1,100,000 (from 2,407,143 to 3,507,143).
- Stockholders approved increasing the maximum aggregate number of shares in the 2009 ESPP Amendment by 200,000 (from 642,857 to 842,857).
- Gary H. Tauss and Joyce Kim were elected as Class II directors until 2028.
- Frank, Rimerman + Co. LLP was ratified as the independent registered public accounting firm for fiscal year ending Dec 28, 2025.
- Voting quorum represented 72.16% of total outstanding shares entitled to vote.
QuickLogic Corporation announced its financial results for the fiscal first quarter ended March 30, 2025. The filing serves as a formal announcement of earnings and includes non-GAAP financial reconciliations.
📋 Key Facts
- Reporting period: Fiscal first quarter ended March 30, 2025.
- Filing date: May 13, 2025.
- The company issued a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
QuickLogic Corporation entered into an Eighth Amendment to its existing Loan and Security Agreement with Heritage Bank of Commerce. The primary purpose of this amendment is to extend the company's loan maturity date by one year.
🚩 Red Flags
- Repeated amendments (Eighth Amendment) to a loan agreement may indicate ongoing liquidity management needs or difficulty in refinancing through traditional capital markets.
- The need for an extension suggests the company is relying on debt maturity extensions rather than principal repayment or new equity/debt issuance.
📋 Key Facts
- The Eighth Amendment was dated March 14, 2025, and became effective March 17, 2025.
- The agreement is with Heritage Bank of Commerce.
- The amendment extends the loan maturity date to December 31, 2026.
- This is an amendment to the original Amended and Restated Loan and Security Agreement dated December 21, 2018.
QuickLogic Corporation entered into Common Stock Purchase Agreements to conduct a registered direct offering of 256,200 shares. The financing raised approximately $1.5 million in gross proceeds at a price of $5.93 per share.
🚩 Red Flags
- Small offering size ($1.5M) may suggest a need for immediate liquidity to support working capital.
📋 Key Facts
- Registered direct offering of 256,200 shares of common stock.
- Gross proceeds total approximately $1.5 million.
- Share purchase price is $5.93 per share (no discount to the 3-day VWAP as of March 5, 2025).
- Proceeds are intended for general corporate purposes and working capital, with potential use for technology/business acquisitions.
- Offering conducted under an existing Form S-3 registration statement.
QuickLogic Corporation entered into an At-the-Market (ATM) sales agreement with Needham & Company, LLC to facilitate the potential sale of up to $20 million in common stock.
🚩 Red Flags
- Potential for immediate dilution of existing shareholders through the ATM offering.
- ATM offerings are often used by micro-cap companies to bolster liquidity or meet working capital needs.
📋 Key Facts
- Entered into an 'At Market Issuance Sales Agreement' on February 25, 2025.
- The aggregate offering price is up to $20,000,000.
- Agent: Needham & Company, LLC.
- Commission rate: Up to 3.0% of the gross sales price per share sold.
- Issuance will be made pursuant to an existing shelf registration statement (Form S-3) effective as of August 26, 2022.
QuickLogic Corporation filed an 8-K to announce its financial results for the fiscal fourth quarter ended December 29, 2024. The filing serves as a vehicle to furnish the earnings press release and related non-GAAP reconciliations.
📋 Key Facts
- Reporting period: Fiscal fourth quarter ended December 29, 2024.
- Filing date: February 25, 2025.
- The company issued a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
- Information provided under Items 7.01 and 8.01 is furnished but not 'filed' for purposes of Section 18 liability.
QuickLogic Corporation has announced that its Board of Directors is exploring strategic alternatives for its wholly-owned subsidiary, SensiML, which may include a sale of the entity or its assets. The company intends to refocus resources on its core programmable logic technology and eFPGA Hard IP business.
🚩 Red Flags
- Potential loss of a subsidiary (SensiML) which may impact future AI/ML software capabilities within the ecosystem.
📋 Key Facts
- Board of Directors is actively exploring options for SensiML (wholly-owned subsidiary).
- Preliminary discussions are underway with potential strategic partners regarding a possible sale of SensiML or its assets.
- Strategic pivot: The company aims to focus resources on core eFPGA Hard IP and ruggedized FPGA business.
- The move is driven by recent design wins, expansion in government contracts, and shifts in the eFPGA market landscape.
QuickLogic Corporation entered into Common Stock Purchase Agreements on December 5, 2024, to conduct a registered direct offering of 423,732 shares. The financing raised approximately $3.25 million at a price of $7.67 per share.
🚩 Red Flags
- Dilutive event for existing shareholders via the issuance of new common stock.
- Small capital raise ($3.25M) relative to typical micro-cap operational needs, suggesting a need for continuous liquidity.
📋 Key Facts
- Total shares offered: 423,732 shares of common stock.
- Gross proceeds: Approximately $3.25 million.
- Offering price: $7.67 per share (representing a 3.0% discount to the 5-day VWAP as of Dec 4, 2024).
- Use of proceeds: Working capital, development of next-generation eFPGA-based products (AI and open-source), general corporate purposes, and potential technology acquisitions.
- Offering type: Registered direct offering under an existing Form S-3 registration statement.
QuickLogic Corporation announced its financial results for the fiscal third quarter ended September 29, 2024. The filing serves as a formal notice of the earnings release and accompanying conference call transcript.
📋 Key Facts
- Reporting period: Fiscal third quarter ended September 29, 2024.
- Announcement date: November 11, 2024.
- Filing date: November 12, 2024.
- Includes non-GAAP financial information and reconciliations in Exhibit 99.1.
- Conference call transcript provided as Exhibit 99.2.
QuickLogic Corporation filed an 8-K to announce its financial results for the fiscal second quarter ended June 30, 2024. The filing serves as a vehicle to provide Regulation FD disclosure via a press release containing both GAAP and non-GAAP financial information.
📋 Key Facts
- Reporting period: Fiscal second quarter ended June 30, 2024.
- Filing date: August 13, 2024.
- The company issued a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
QuickLogic Corporation has dismissed its independent registered public accounting firm, Moss Adams LLP, and appointed Frank, Rimerman + Co. LLP as its new auditor, effective June 4, 2024.
🚩 Red Flags
- Auditor change (dismissal of previous firm) often warrants scrutiny in micro-cap companies, though no disagreements were reported here.
📋 Key Facts
- Dismissal of Moss Adams LLP effective June 4, 2024.
- Appointment of Frank, Rimerman + Co. LLP as the new independent registered public accounting firm.
- The company stated there were no disagreements with Moss Adams regarding accounting principles, practices, or auditing scope.
- Moss Adams' reports for fiscal years ended Jan 1, 2023, and Dec 31, 2023, did not contain adverse opinions or disclaimers of opinion.
QuickLogic Corporation filed an 8-K to announce its financial results for the fiscal first quarter ended March 31, 2024. The filing serves as a vehicle to incorporate the company's earnings press release and non-GAAP reconciliations into the public record.
📋 Key Facts
- Reporting period: Fiscal first quarter ended March 31, 2024.
- Filing date: May 13, 2024.
- The company issued a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
QuickLogic Corporation reported the results of its 2024 Annual Meeting of Stockholders held on May 9, 2024. The meeting included the election of Class I directors and the ratification of Moss Adams, LLP as the independent auditor.
📋 Key Facts
- The 2024 Annual Meeting had a quorum of 8,752,218 shares (61.83% of total outstanding shares).
- Andrew J. Pease was elected to Class I director with 3,478,103 votes in favor.
- Michael R. Farese was elected to Class I director with 3,818,168 votes in favor.
- Stockholders ratified the appointment of Moss Adams, LLP as independent registered public accounting firm for the fiscal year ending December 29, 2024.
QuickLogic Corporation announced the resignation of Class III director Radhika Krishnan from the Board and its Compensation and Nominating/Corporate Governance Committees, effective March 31, 2024. The departure is due to her focus on her role at Amazon Web Services and not involves any disagreements with the company.
🚩 Red Flags
- Reduction in board and committee sizes (though noted as non-impactful to Nasdaq rules).
📋 Key Facts
- Radhika Krishnan resigned from the Board of Directors and two committees (Compensation and Nominating/Corporate Governance) effective March 31, 2024.
- The resignation was to focus on her role at Amazon Web Services; no disagreements with management or policies were reported.
- The Board size decreased from seven directors to six following the departure.
- The number of Class III directors was reduced from three to two.
- The company stated that these changes do not impact compliance with Nasdaq Listing Rules.
QuickLogic Corporation entered into Common Stock Purchase Agreements to conduct a registered direct offering of 222,500 shares. The financing raised approximately $3.56 million at a price of $16.00 per share.
🚩 Red Flags
- Dilution: Issuance of new common stock dilutes existing shareholders.
- Capital Raise: The company is raising relatively small amounts ($3.56M) which may suggest a need for liquidity to fund R&D and operations.
📋 Key Facts
- Date of agreement: March 13, 2024
- Total shares offered: 222,500 shares of common stock
- Gross proceeds: Approximately $3.56 million
- Offering price per share: $16.00 (zero discount to 10-day VWAP)
- Use of proceeds: Working capital, development of next-gen eFPGA products (AI and open-source), and general corporate purposes/potential acquisitions.
QuickLogic Corporation filed an 8-K to announce its financial results for the fiscal fourth quarter ended December 31, 2023. The filing serves as a vehicle to incorporate their earnings press release and non-GAAP reconciliations by reference.
📋 Key Facts
- Reported date: February 27, 2024
- Reporting period: Fiscal fourth quarter ended December 31, 2023
- The filing includes a press release (Exhibit 99.1) containing financial results and non-GAAP reconciliations.
- Information is furnished under Item 7.01 and not 'filed' for purposes of Section 18 liability.