QuickLogic Corporation

The grade, in three tenses

Headline 4.4 out of ten, 6 of 9 metrics filed and 3 estimated: past 3.2 out of ten, present 4.5 out of ten, future 5.5 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 2.5 out of ten. 3 warning events since 2017; the latest 2024-06-07. 25th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 2.4 out of ten. +2.1% a year over 10 filed years; profitable in 0 of 10. 24th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 5.9 out of ten. CrossAssetData estimate 5.9/10, confidence 20 of 100 (family median). 50th percentile among 88 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
• Financial health (present): 4.8 out of ten. CrossAssetData estimate 4.8/10, confidence 20 of 100 (family median). 50th percentile among 97 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
• Industry position (present): 2.1 out of ten. bottom 21% of 97 in its family; net margin -107.6%. 21st percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 7.5 out of ten. top 25% of 66 in its family for leadership; chief executive since 2016. 75th percentile among 66 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
• Room to expand (future): 8.6 out of ten. CrossAssetData estimate 8.6/10, confidence 35 of 100 (one part). 86th percentile among 97 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
• Growth drivers (future): 4.6 out of ten. bottom 46% of 93 in its family for growth drivers. 46th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 0.5 out of ten. bottom 5% of 88 in its family for expectations against reality. 5th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-03-27 for the period ended 2025-12-28 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-12 for the period ended 2026-06-28 (on EDGAR). Newest results release: Form 8-K filed 2026-08-11 (on EDGAR). Newest filing: Form 4, 2026-10-06. Filings on record since 1997. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2026-03-27.

The people

Brian C. Faith joined QuickLogic in June 1996 and has been president and chief executive since June 2016, after running worldwide marketing and then worldwide sales and marketing from 2008. He studied computer engineering at Santa Clara University and has taught courses on programmable logic there as an adjunct lecturer. He took over from Andrew J. Pease, who joined the company in November 2006, was president and chief executive from January 2011 until he retired in June 2016, and has sat on the board since April 2011, where he chairs the nominating and corporate governance committee. [1, 2, 3, 4]

Five other executive officers are named, and most of them have been there for decades. Elias Nader has been chief financial officer since February 2022, after the same job at Pixelworks from 2019 to 2022 and, before that, Sigma Designs, where he was also interim chief executive. Timothy Saxe joined in May 2001 and has been chief technology officer since November 2008, adding engineering in August 2016; he ran GateField as its chief executive until Actel bought that company in November 2000. Rajiv Jain joined in August 1992 and has run worldwide operations since April 2014, and Owen Bateman joined in February 1997 and has run worldwide sales since April 2022. Andrew Jaros is the new arrival, hired in December 2024 to sell the licensed designs, after running worldwide sales for FlexLogix from 2016 to 2024. On the record this site holds, Saxe has filed insider reports since 2006, the first year the SEC's data sets reach, and Faith since 2011. [5, 6, 7, 8, 9, 10, 11, 12]

The board is chaired by Michael R. Farese, a director since April 2008 and chairman since December 6, 2019, who was chief technology officer of the chip maker Entropic Communications. Gary H. Tauss has been a director since June 2002. Joyce Kim, on this site's record a filer since 2022, is chief marketing officer of Proofpoint and held the same job at Zscaler and Twilio. Ron Shelton, chief financial officer of the artificial intelligence chip company Syntiant, joined the board and took the audit committee chair on August 7, 2025, after Christine Russell, who had chaired that committee since April 2006, died on July 11, 2025. Andrew J. Pease, the former chief executive, holds the remaining seat. Four of them are independent under the Nasdaq rules: Farese, Kim, Shelton and Tauss. [13, 14, 15, 16, 17, 18, 19, 20, 21, 12]

This is a small company by headcount. At the end of fiscal 2025 it had fifty-one employees worldwide, forty-three of them in the United States, and a research and development staff of twenty-four scattered across American states as well as Canada and Taiwan. The staff is unusually settled: about 33% have been there more than 10 years and about 24% more than 20 years, average tenure is 9.6 years, and turnover was 21% for the year, or 16% leaving aside the SensiML disposal. [22, 23, 24]

How it operates

QuickLogic sells programmable logic: chips, and blocks of chip design, whose hardware behavior is configured by the designer after manufacturing instead of being fixed in the factory. It does this in two ways. It licenses embedded FPGA intellectual property, blocks of programmable logic that other semiconductor companies build into their own custom chips and systems on a chip. And it sells finished field programmable gate arrays of its own: the EOS, ArcticLink III, PolarPro 3, PolarPro II, PolarPro and Eclipse II families, alongside older PASIC 3 and QuickRAM parts and the programming hardware and design software that go with them. The markets it names are aerospace and defense, industrial and infrastructure systems, data processing and computing platforms, and embedded and edge computing. [25, 26, 27, 28]

Money comes in three ways: licensing those embedded blocks, with professional engineering services to fit them into a customer's chip and sometimes royalties on what the customer then makes; selling its own FPGA devices; and a small stream of royalties on licensed technology. In practice the engineering work is the business. Of the 9.5 million dollars of eFPGA IP revenue in fiscal 2025, about 9.4 million was professional services, against 13.1 million the year before, while royalties and other miscellaneous revenue came to about 0.1 million, or 0.5% of revenue from continuing operations. [29, 30, 31, 32, 33]

The buyers are few and mostly public. The company markets primarily to Defense Industrial Base contractors, United States Government entities, system equipment makers and fabless semiconductor companies. Device buyers usually order through authorized distributors, while companies licensing the embedded blocks sign agreements with QuickLogic directly. In fiscal 2025 one customer accounted for about 44% of revenue from continuing operations and another for about 11%; in the year before, a single customer accounted for 56%, and one distributor for 15%. Sales under contracts with the United States Government, including the Department of Defense, as prime contractor or subcontractor, came to 44% of net sales from continuing operations in 2025. [34, 35, 36, 37, 38]

By shipping destination, North America brought in 10.9 million dollars, 79.1% of fiscal 2025 revenue and down 35.0% on the year; Asia Pacific 2.3 million, 16.8%, the one region that grew, up 6.5%; and Europe 564 thousand, 4.1%. Revenue from the United States was 10.8 million dollars, 79% of the total, against 16.4 million and 84% a year earlier, and Malaysia was the only other country above a tenth of revenue, at 1.4 million or 10%. Where the end customer's country is not known, the company counts the revenue to the furthest entity in the supply chain it can see, such as a distributor or an assembly house, so a country here can mean where parts are handled rather than where they are used. The head office is in San Jose, California, with sales operations in Japan and the United Kingdom. [33, 39, 40, 41, 42]

QuickLogic owns no factories. It is fabless, meaning it designs the parts and hires others to make, package and test them, typically one supplier for each hardware product. GlobalFoundries and TSMC do the wafer work for commercial products: GlobalFoundries makes the EOS S3 platforms on a 40 nanometer process and the PolarPro 3E and ArcticLink III parts on 65 nanometer, and has recently run a new FPGA test chip on 12 nanometer; TSMC makes the mature PASIC 3 and QuickRAM parts on a 0.35 micron process and Eclipse on 0.25 micron. Packaging and assembly go to Amkor Technology, Integra and Golden Altos. For its new hardware the company also names SkyWater Technologies and Honeywell Aerospace among the manufacturers it depends on. Parts for aerospace, defense and government work can have to come from suppliers meeting set security, traceability and quality standards, so it uses partners in trusted microelectronics programs. [43, 44, 45, 46, 47, 48]

The specifics

Two kinds of programmable logic sit under everything. The first is reprogrammable and built on SRAM cells, so its function can be changed after manufacturing; it is the foundation of the licensed embedded blocks and of several silicon platforms, and in special cases it uses magnetoresistive memory instead, which suits radiation-tolerant work. The second is ViaLink, a patented antifuse design programmed once and then fixed, which gives non-volatility, instant-on operation and very low standby power, the qualities secure and deterministic systems ask for. The licensable blocks are produced by an automated generator called Australis and are developed across process technologies from Intel 18A and 12nm down to 350nm, so a customer can take programmable logic into its own chip with little further work from QuickLogic. For the newer parts the design software follows open-source FPGA flows rather than a proprietary tool chain alone. [49, 50, 51, 52, 53]

The patent estate is small: twenty-two active United States patents and five pending applications, five patents in Europe and Asia with none pending, all of them expiring between 2026 and 2042. On certain patents the United States Government holds an irrevocable, royalty-free license and may let others use the inventions. In discrete FPGA devices the rivals it names are far larger: Lattice Semiconductor, Microchip, which bought Microsemi, Advanced Micro Devices, which bought Xilinx, and Intel, whose programmable logic business goes by the Altera brand. In embedded FPGA licensing it names nobody, describing its competitors as other semiconductor IP providers and technology companies, established and venture-backed alike. It also runs up against radiation-tolerant and radiation-hardened FPGAs, low-power microcontrollers, fixed-function standard parts and custom chips. [54, 55, 56, 57, 58]

Government work brings government rules. Contracts with the United States Government and the Department of Defense, as prime contractor or subcontractor, came to 44% of net sales from continuing operations in 2025, so revenue depends on appropriations from Congress: a continuing resolution can stop new programs starting, a shutdown can delay awards and payments, and the filing says it is not uncommon for the Department of Defense to delay awards or change orders on major programs for six to twelve months. Compliance sits alongside, since a government contractor can be audited and investigated, and failure to follow contracting rules can cost it the right to sell to government customers. Its products and technology are also subject to United States export and import controls, among them the Export Administration Regulations, the arms traffic rules known as ITAR, and sanctions administered by the Treasury's OFAC. [37, 59, 60, 61, 62]

QuickLogic was founded in 1988 and reincorporated in Delaware in 1999; its shares are listed on the Nasdaq Capital Market as QUIK, and it has filed with the SEC since 1997. Since 2022 it has signed several embedded FPGA contracts with customers serving the aerospace and defense market, and in the first quarter of 2025 the board set out to find options for SensiML, the machine learning software subsidiary, so as to put everything into embedded and ruggedized FPGA work; no sale came in the time expected, the asset group was fully impaired at 2.4 million dollars, discontinued operations lost 2.5 million for the year, and a buyer is still being sought. Losses are funded with stock and bank debt: 8.7 million dollars of net proceeds from share sales in 2025 and 6.8 million in 2024, and a revolving facility with Heritage Bank, 15.0 million of it drawn at the year end out of 18.8 million of cash. The going concern review named that facility's maturity as the condition to watch and concluded there is enough liquidity for the year ahead. [63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73]

What drives growth, line by line

Revenue fell 29.9% in fiscal 2025 to 13.8 million dollars from 19.7 million, a second yearly decline and well below the 21.2 million of two years earlier. The fall was 5.9 million: 5.2 million of it in new products and 0.7 million in mature ones. Gross profit dropped far harder, down 75% to 3.0 million, because cost of revenue rose 3.2 million, or 42%, on compensation, tooling and tooling-related depreciation for work performed under revenue contracts, plus reserves against certain wafer inventory. Research and development spending came to 5.3 million and selling, general and administrative costs to 9.3 million, so the operating loss widened to 11.9 million. The loss from continuing operations was 12.3 million against 2.9 million a year earlier, and the loss for the whole year, SensiML included, 14.8 million. [74, 75, 76, 77, 78, 79, 80]

E FPGAIP. The largest line, the licensed embedded blocks and the engineering that goes with them: 9.5 million dollars, 68.8% of fiscal 2025 revenue, down 27.8% from 13.1 million. Almost none of it is a license fee. Professional services were about 9.4 million of the total, and the decline was mostly a 3.7 million drop in that services work, with the line overall down 3.6 million or 28%. One contract explains most of the swing: a multiple-year agreement signed in the year ended January 1, 2023, approved one phase at a time and terminable for convenience, which brought in 6.1 million in fiscal 2025 against 10.9 million the year before. [33, 30, 81, 82, 83]

Mature Products. The old parts, made on processes larger than 180 nanometer: 3.3 million dollars, 24.0% of revenue, down 16.9% from 4.0 million, a fall of 0.7 million. These are the PASIC 3 and QuickRAM families TSMC still makes on a 0.35 micron process and the Eclipse parts on 0.25 micron. The filing gives no reason for the decline beyond the figures themselves, and notes that mature devices, like new devices sold to aerospace and defense customers, carry higher gross margins than the same parts sold into higher volume consumer and internet of things work. The company says it expects growth in new products to offset the decline it expects in mature revenue and gross profit, with no assurance whether or when that happens. [33, 75, 84, 85, 86, 45]

Hardware Products. Its own newer chips, those made on 180 nanometer or smaller processes: 987 thousand dollars, 7.2% of revenue, down 61.2% from 2.5 million. The filing puts almost all of the 1.6 million fall down to connectivity products. These are the EOS, ArcticLink III and PolarPro families that GlobalFoundries makes, and the company says it began shipping new products into aerospace and defense, industrial, internet of things and consumer markets during the year. [33, 84, 87, 88, 27, 45]

What comes next, in the company's own words: it expects losses in at least some quarters of 2026 as it develops new products; it expects future revenue growth to depend on adoption of its embedded FPGA technologies, the introduction of new FPGA devices and demand for the existing programmable logic products; and it expects the high level of customer concentration to decrease as it markets to more aerospace and defense, industrial, computing and communications customers. On funding, the annual report said definitive agreements with Sunflower Bank were expected in the second quarter; the quarterly report for the second quarter of 2026 records a 10.0 million secured revolving facility signed with that bank, maturing in April 2029, and the Heritage Bank line terminated in May 2026. [89, 90, 91, 92, 93, 94]

What the desk infers (inferred, not filed)

• The customer behind 44% of revenue is most likely the United States Government or a defense prime contractor buying for it, under the single multiple-year engineering agreement that has run since the year ended January 1, 2023. Because: One customer took about 44% of revenue from continuing operations in fiscal 2025 and another about 11%; a single customer took 56% the year before. [36] Sales under contracts with the United States Government, including the Department of Defense, as prime contractor or subcontractor, came to 44% of net sales from continuing operations in 2025, the same share as that one customer. [37] One multiple-year professional services agreement, approved phase by phase and terminable for convenience, brought in 6.1 million dollars of the 13.8 million of revenue in fiscal 2025 and 10.9 million of the 19.7 million a year earlier, tracking that customer's share in both years. [82, 83, 74] The board's decision to give up SensiML cited the expansion of large government ruggedized FPGA and embedded FPGA contracts. [66] The company says it markets primarily to Defense Industrial Base contractors and United States Government entities. [34] Confidence 78 of 100. Wrong if: A filing or disclosure naming that customer as a commercial buyer whose purchases are not funded under a United States Government contract or subcontract.
• QuickLogic now earns as an engineering house more than as a licensor: its costs follow engineers and tooling rather than units shipped, which is why a fall in contract work hit gross profit far harder than it hit revenue. Because: Of the 9.5 million dollars of eFPGA IP revenue in fiscal 2025, about 9.4 million was professional services rather than license fees. [33, 30] Royalties and other miscellaneous revenue came to about 0.1 million dollars, or 0.5% of revenue from continuing operations. [32] Revenue fell 5.9 million dollars, or 30%, while cost of revenue rose 3.2 million, or 42%, on compensation, tooling and tooling-related depreciation for work performed under revenue contracts. [76, 77] Research and development spending fell partly because research labor was moved into cost of revenues. [78] Confidence 80 of 100. Wrong if: A year in which license fees and royalties, rather than professional engineering services, make up most of the embedded FPGA line, or in which cost of revenue falls in step with services revenue.
• The former embedded FPGA competitors whose customers are now coming to QuickLogic most likely include FlexLogix, whose head of worldwide sales it hired at the end of 2024. Because: The board cited recent changes in the FPGA competitor landscape and an increase in inbound interest from customers of former embedded FPGA competitors. [66] Andrew Jaros ran worldwide sales, marketing and solutions architecture for FlexLogix from 2016 to 2024 and joined QuickLogic in December 2024 to sell its licensed designs. [11] The filing names no rival in embedded FPGA licensing, describing them as other semiconductor IP providers and technology companies, including smaller venture-backed ones. [57] Confidence 58 of 100. Wrong if: Evidence that FlexLogix still licenses embedded FPGA designs in competition with QuickLogic, or a filing naming different companies as the former competitors.

Sources

1. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Brian C. Faith joined QuickLogic in June 1996 and has served as President and Chief Executive Officer since June 2016.”
2. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Prior to his appointment as Chief Executive Officer, Mr. Faith served as Vice President of Worldwide Marketing and Vice President of Worldwide Sales & Marketing from 2008 and 2016.”
3. QuickLogic Corporation, Form 10-K filed 2026-03-27: “He holds a Bachelor of Science degree in Computer Engineering from Santa Clara University and has served as an Adjunct Lecturer at Santa Clara University, teaching courses related to programmable logic.”
4. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Andrew J. Pease has been serving as a member of our Board of Directors since April 2011 and Chairman of the Nominating and Corporate Governance Committee since February 2021. He joined QuickLogic in November 2006 and served as our President and Chief Executive Officer from January 2011 to his retirement in June 2016”
5. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Elias Nader joined QuickLogic in February 2022, bringing more than three decades of leadership experience across the semiconductor and technology industries, including over 20 years in senior executive roles. Before joining QuickLogic, Mr. Nader served as Senior Vice President and Chief Financial Officer at Pixelworks, Inc. (2019-2022)”
6. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Prior to Pixelworks, Inc., Mr. Nader held several key leadership positions at Sigma Designs, Inc., including Senior Vice President, Chief Financial Officer and Corporate Secretary (2013-2017), followed by his appointment as interim Chief Executive Officer (2017-2019).”
7. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Timothy Saxe (Ph.D.) joined QuickLogic in May 2001. Dr. Saxe has served as our Senior Vice President of Engineering and Chief Technology Officer since August 2016 and Senior Vice President and Chief Technology Officer since November 2008.”
8. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Dr. Saxe became GateField’s Chief Executive Officer in February 1999 and served in that capacity until Actel Corp. acquired GateField in November 2000.”
9. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Rajiv Jain joined QuickLogic in August 1992. Mr. Jain has served as our Vice President of Worldwide Operations since April 2014.”
10. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Owen Bateman joined QuickLogic in February 1997. Mr. Bateman has served as our Vice President of Worldwide Sales since April 2022.”
11. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Andrew Jaros joined QuickLogic in December 2024 as Vice President of IP Sales, bringing over 20 years of leadership experience in semiconductor IP, embedded systems, and business development. Prior to joining QuickLogic, Mr. Jaros most recently served as FlexLogix's World-Wide Vice President of Sales, Marketing, and Solutions Architecture from 2016 to 2024.”
12. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
13. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Michael R. Farese (Ph. D) has been serving as a member of our Board of Directors since April 2008, and as our Chairman since December 6, 2019.”
14. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Dr. Farese served as Chief Technology Officer and Senior Vice President of Global Engineering at Entropic Communications Inc., a fabless semiconductor company”
15. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Gary H. Tauss has been serving as a member of our Board of Directors since June 2002.”
16. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Currently, she serves as the Chief Marketing Officer for Proofpoint, a private equity company and is responsible for driving market expansion and revenue diversification strategies including customer acquisition, engagement, and channel growth.”
17. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Prior to Proofpoint, she served Chief Marketing Officer at Zscaler (ZS) (November 2023 - December 2025) and Twilio (TWLO) (April 2022 - November 2023)”
18. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Following Ms. Russell’s death, Dr. Farese served as acting chair until the appointment of Mr. Shelton to the Board and Chairman of the Audit Committee, effective August 7, 2025.”
19. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Ms. Russell served as Chairman of the Audit Committee from April 2006 until her death on July 11, 2025.”
20. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Currently, he serves as Chief Financial Officer of Syntiant Corp., an AI semiconductor company specializing in neural decision processors for always-on applications.”
21. QuickLogic Corporation, Form DEF 14A filed 2026-03-27: “Dr. Farese, Ms. Kim, Mr. Shelton, and Mr. Tauss have been determined by our Board of Directors to be independent according to SEC rules and the Nasdaq Capital Market’s listing standards.”
22. QuickLogic Corporation, Form 10-K filed 2026-03-27: “As of December 28, 2025, we had fifty-one employees worldwide, of which forty-three employees were located in the United States.”
23. QuickLogic Corporation, Form 10-K filed 2026-03-27: “December 28, 2025, our research and development staff consisted of twenty-four employees located in California, Idaho, Indiana, Massachusetts, Missouri, New Jersey, Oregon, Texas, Utah, Washington, Canada, and Taiwan.”
24. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Approximately 33% of our employees have been employed by us for more than 10 years and approximately 24% have been employed by us for more than 20 years. The average tenure is 9.6 years. Our turnover rate was 21% for the fiscal year ended December 28, 2025. Excluding the disposition of SensiML, our turnover rate was 16% for the fiscal year ended December 28, 2025.”
25. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We are a fabless semiconductor company whose primary offerings include eFPGA IP licensing, discrete FPGA devices, and related development tools and software. Semiconductor companies license our eFPGA IP to integrate programmable logic blocks into their application-specific integrated circuits ("ASICs") and system-on-chip ("SoC") devices.”
26. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Programmable Logic Devices ("PLDs") are general-purpose semiconductor devices that can be configured by system designers after fabrication to implement application-specific hardware functionality. FPGAs are a subset of PLDs that are commonly used to implement complex digital logic functions and system interfaces”
27. QuickLogic Corporation, Form 10-K filed 2026-03-27: “as well as a range of FPGA silicon products, including EOS™, ArcticLink® III, PolarPro®3, PolarPro II, PolarPro®, and Eclipse II products. Our mature products include FPGA families such as PASIC®3 and QuickRAM®, as well as programming hardware and design software tools that support the development and deployment of programmable logic designs.”
28. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Our programmable logic technologies are used in a variety of markets, including aerospace and defense, industrial and infrastructure systems, data processing and computing platforms, and certain embedded and edge computing applications.”
29. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We monetize our programmable logic technologies primarily through the sale of FPGA semiconductor devices and the licensing of eFPGA IP. In connection with eFPGA IP licensing engagements, we may also provide professional engineering services to support the integration of programmable logic technology into customer semiconductor designs. In certain cases, our licensing arrangements may include royalty payments based on customer production volumes.”
30. QuickLogic Corporation, Form 10-K filed 2026-03-27: “eFPGA-IP revenue related to professional services was approximately $9.4 million and $13.1 million in the Fiscal Years ended December 28, 2025 and December 29, 2024, respectively.”
31. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Other miscellaneous revenue is comprised primarily of royalties from licensing our technology.”
32. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We recognized Other Miscellaneous Revenue of approximately $0.1 million, or 0.5% of total revenue from continuing operations and $0.4 million, or 2.2% of total revenue from continuing operations in the Fiscal Years ended December 28, 2025 and December 29, 2024, respectively.”
33. The record on this page: revenue by line and by geography, as tagged in the annual report (the SEC's financial statement data sets)
34. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We market our programmable logic technologies, including FPGA devices and eFPGA IP, primarily to Defense Industrial Base contractors, U.S. Government entities, system original equipment manufacturers ("OEMs"), and fabless semiconductor companies.”
35. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Customers typically purchase our FPGA devices through authorized distributors. We currently work with a network of distributors in North America, Europe, and Asia to support our global sales activities. Customers licensing our eFPGA IP generally enter into licensing agreements directly with QuickLogic.”
36. QuickLogic Corporation, Form 10-K filed 2026-03-27: “One customer represented approximately 44% and another customer represented approximately 11% of our total revenue from continuing operations for the year ended December 28, 2025. One customer represented 56% of our total revenue from continuing operations for the year ended December 29, 2024.”
37. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Sales under contracts with the U.S. Government, including sales under contracts with the U.S. Department of Defense, as prime contractor or subcontractor, represented 44% of our total net sales from continuing operations in 2025.”
38. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Distributor "A" 15 % 12 % Customer "A" 44 % 56 % Customer "B" 11”
39. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Revenue from the United States was $10.8 million or 79% of total revenue and $16.4 million or 84% of total revenue in the Fiscal Years ended December 28, 2025 and December 29, 2024, respectively. Countries outside of the United States comprising 10% or more of revenue included Malaysia, with $1.4 million or 10% of total revenue in the Fiscal Year ended December 28, 2025.”
40. QuickLogic Corporation, Form 10-K filed 2026-03-27: “The Company attributes revenues from external customers to individual countries based on the end customer's country, if available. If not available, the Company will utilize the country of the furthest entity in the supply chain for which the country is known, such as the distributor or assembly.”
41. QuickLogic Corporation, Form 10-K filed 2026-03-27: “In addition to our corporate headquarters in San Jose, California, we maintain international sales operations in Japan and the United Kingdom.”
42. The record on this page: the filing record (the EDGAR submissions feed)
43. QuickLogic Corporation, Form 10-K filed 2026-03-27: “As a fabless semiconductor company, we rely on third-party manufacturing partners for wafer fabrication, package assembly, and device testing.”
44. QuickLogic Corporation, Form 10-K filed 2026-03-27: “For our commercial products, we outsource wafer fabrication primarily to GlobalFoundries and Taiwan Semiconductor Manufacturing Company Limited ("TSMC"). Packaging and assembly services for our commercial products are provided by third-party semiconductor assembly and test providers, including Amkor Technology, Inc. Integra Technologies, Inc., and Golden Altos Corporation.”
45. QuickLogic Corporation, Form 10-K filed 2026-03-27: “GlobalFoundries manufactures several of our programmable silicon platforms, including EOS S3™, EOS S3 LV™, and EOS S3AI™ devices using a 40-nanometer complementary metal oxide semiconductor ("CMOS") process, and PolarPro® 3E, ArcticLink® III VX and BX products using a 65-nanometer CMOS process. We also have recently used GlobalFoundries 12nm process for a new FPGA device test chip. TSMC manufactures certain of our mature FPGA products, including PASIC® 3 and QuickRAM® devices, using 0.35-micron CMOS process, and Eclipse® devices using a 0.25-micron CMOS process.”
46. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We depend upon GlobalFoundries, TSMC, SkyWater Technologies, Honeywell Aerospace, Amkor Technology, Inc., Integra Specialty Products, and Golden Altos Corp. to manufacture our new hardware products.”
47. QuickLogic Corporation, Form 10-K filed 2026-03-27: “These services are typically provided by one supplier for each of our hardware products.”
48. QuickLogic Corporation, Form 10-K filed 2026-03-27: “For certain products used in aerospace, defense, and government-related applications, we may be required to source wafer fabrication, packaging, and testing services from suppliers that meet specific security, traceability, and quality standards. In these cases, we work with manufacturing partners that support trusted microelectronics programs and maintain appropriate certifications and operational controls required by U.S. government customers.”
49. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We support two primary classes of programmable logic architectures: reprogrammable logic and one-time programmable ("OTP") logic. Reprogrammable logic architectures allow hardware functionality to be configured and updated after manufacturing. Our reprogrammable programmable logic technology is primarily based on SRAM configuration elements and forms the foundation of our eFPGA IP and certain programmable logic silicon devices.”
50. QuickLogic Corporation, Form 10-K filed 2026-03-27: “In certain specialized applications, reprogrammable logic architectures may incorporate alternative non-volatile memory technologies such as magnetoresistive random-access memory ("MRAM"). These architectures can support operating environments that require enhanced reliability characteristics, including certain radiation-tolerant applications.”
51. QuickLogic Corporation, Form 10-K filed 2026-03-27: “ViaLink is a proprietary and patented antifuse-based programmable logic technology that provides non-volatility, instant-on operation, very low standby power consumption, low dynamic power, and compact device form factors. OTP architectures are commonly used in applications requiring secure and deterministic hardware operation.”
52. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Our eFPGA IP is currently developed across a range of semiconductor manufacturing process technologies, including Intel 18A and process nodes such as 12nm, 16nm, 22nm, 28nm, 40nm, 65nm, 90nm, 130nm, 250nm, and 350nm with a roadmap targeting additional advanced semiconductor nodes. Our licensable IP is generated using our automated IP generator tool, Australis™, which enables the creation of customized eFPGA IP architectures that can be integrated into customer ASIC and SoC designs.”
53. QuickLogic Corporation, Form 10-K filed 2026-03-27: “For our newer programmable logic platforms and eFPGA IP technologies, we support open-source FPGA development flows, as well as hybrid tool environments.”
54. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We currently hold twenty-two active U.S. patents and have five pending applications for additional U.S. patents. Our patents contain claims covering various aspects of programmable integrated circuits, programmable interconnect structures, and programmable metal hardware products. In Europe and Asia, we hold five patents and have zero pending applications. Our issued patents expire between 2026-2042.”
55. QuickLogic Corporation, Form 10-K filed 2026-03-27: “With regard to certain patents, the U.S. Government has an irrevocable, non-exclusive, royalty-free license, pursuant to which the U.S. Government may use or authorize others to use the inventions covered by such patents.”
56. QuickLogic Corporation, Form 10-K filed 2026-03-27: “In the market for discrete FPGA devices, we compete with suppliers of programmable logic devices including Lattice Semiconductor Corporation, Microchip Technology Inc. (which acquired Microsemi Corporation), Advanced Micro Devices, Inc. (which acquired Xilinx, Inc.), and Intel Corporation (whose programmable logic business operates under the Altera brand).”
57. QuickLogic Corporation, Form 10-K filed 2026-03-27: “In the market for eFPGA IP, our competitors include other semiconductor IP providers and technology companies developing programmable logic architectures for integration into ASICs and SoC devices. These competitors may include both established semiconductor companies and smaller venture-backed companies.”
58. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Our solutions face competition from suppliers of ASSPs, integrated application processors, radiation-tolerant and radiation hardened FPGAs, low-power MCUs, ASICs, and eFPGA IP.”
59. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Government contracts are conditioned upon the continuing availability of Congressional appropriations, and the failure of Congress to appropriate funds for programs in which we participate could negatively affect our results of operations. U.S. Government operation under a continuing resolution could impact the business by preventing new programs from starting as planned and by limiting funding on existing programs. U.S. Government shutdowns have resulted in delays in anticipated contract awards and delayed payments of invoices”
60. QuickLogic Corporation, Form 10-K filed 2026-03-27: “It is also not uncommon for the U.S. Department of Defense to delay the timing of awards or change orders for major programs for six to twelve months.”
61. QuickLogic Corporation, Form 10-K filed 2026-03-27: “As a result of actual or perceived noncompliance with government contracting laws, regulations, or contractual provisions, we may be subject to audits and internal investigations which may prove costly to our business financially, divert management time, or limit our ability to continue selling our platforms and services to our government customers.”
62. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We are required to import and export our products, software, technology, and services, as well as run our operations in the United States, in full compliance with such laws and regulations, which include the EAR, the ITAR, and economic sanctions administered by the Treasury Department’s OFAC.”
63. QuickLogic Corporation, Form 10-K filed 2026-03-27: “QuickLogic Corporation was founded in 1988 and completed its reincorporation in Delaware in 1999.”
64. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Our common stock trades on the Nasdaq Capital Market under the symbol “QUIK.””
65. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Since 2022, QuickLogic has also entered into multiple contracts related to embedded FPGA technologies with customers servicing the aerospace and defense market.”
66. QuickLogic Corporation, Form 10-K filed 2026-03-27: “In the first quarter of 2025, we announced our Board of Directors was actively exploring options for our wholly owned subsidiary, SensiML. This decision by the Company and our Board of Directors was influenced by recent events, including eFPGA IP design wins with strategic customers, expansion of large government ruggedized FPGA and eFPGA IP contracts, performance improvements of its eFPGA IP products, recent changes in the FPGA market competitor landscape, and an increase in inbound interest from customers of former eFPGA market competitors.”
67. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Based on our evaluation, we decided to fully impair the asset group of the SensiML subsidiary in the amount of $2.4 million, constituting a significant portion of the SensiML subsidiary's net loss from discontinued operations of $2.5 million for the Fiscal Year ended December 28, 2025.”
68. QuickLogic Corporation, Form 10-K filed 2026-03-27: “The Company continues to pursue strategic alternatives for the SensiML business, including a potential sale or other disposition.”
69. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We have historically financed our operating losses and capital investments through the sale of our common stock, financing arrangements, operating leases, and cash flows provided by operations.”
70. QuickLogic Corporation, Form 10-K filed 2026-03-27: “in addition to the $8.7 million and $6.8 million in net proceeds that we received from our 2025 and 2024 sales of our equity securities, respectively”
71. QuickLogic Corporation, Form 10-K filed 2026-03-27: “As of December 28, 2025, our principal sources of liquidity consisted of cash, cash equivalents, and restricted cash of $18.8 million, inclusive of $15.0 million in advances from our $20 million revolving facility. The revolving credit facility with Heritage Bank expires on December 31, 2026.”
72. QuickLogic Corporation, Form 10-K filed 2026-03-27: “As part of this evaluation, we identified conditions and events related primarily to the maturity of our current revolving credit facility on December 31, 2026. We have concluded that we will have sufficient liquidity to meet our obligations as they become due within one year after the date the consolidated financial statements are issued.”
73. The record on this page: the filing record (the EDGAR submissions feed)
74. The record on this page: the filed annual figures (EDGAR's company facts)
75. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Total revenue decreased approximately $5.9 million, or (30)% in Fiscal Year ended December 28, 2025 as compared to the Fiscal Year ended December 29, 2024. The decrease in total revenue was comprised of a decrease of $5.2 million in new product revenue and a decrease of $0.7 million in mature product revenue.”
76. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Gross profit in Fiscal Year 2025 compared to Fiscal Year 2024 decreased approximately $9.1 million, or (75)%. The change in gross profit reflects a decrease in revenue of $5.9 million, or (30)%, accompanied by an increase in cost of revenue of $3.2 million, or 42%.”
77. QuickLogic Corporation, Form 10-K filed 2026-03-27: “The $3.2 million increase in cost of revenue was primarily comprised of increases in compensation expense, tooling, and tooling-related depreciation expense, all collectively associated with performing for revenue contracts, in addition to an increase in reserves related to certain wafer product inventory.”
78. QuickLogic Corporation, Form 10-K filed 2026-03-27: “R&D expenses were $5.3 million and $5.8 million in Fiscal Years 2025 and 2024, respectively, which represented 39% and 30%, respectively, of revenue for those periods. The $0.6 million decrease in R&D expenses in Fiscal Year 2025 as compared to Fiscal Year 2024 was primarily attributable to an increase of R&D labor allocations to Cost of Revenues and decreases in salaries and compensation, partially offset by an increase in general allocations and software tool amortization.”
79. QuickLogic Corporation, Form 10-K filed 2026-03-27: “SG&A expenses were $9.3 million and $8.8 million in Fiscal Years 2025 and 2024, respectively, which represented 67% and 45%, respectively, of revenue for those periods.”
80. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We reported a net loss from continuing operations of $12.3 million for the Fiscal Year ended December 28, 2025, compared to a net loss from continuing operations of $2.9 million in the Fiscal Year ended December 29, 2024.”
81. QuickLogic Corporation, Form 10-K filed 2026-03-27: “eFPGA IP revenue decreased approximately $3.6 million, or (28)%, as compared to the Fiscal Year ended December 29, 2024. The decrease in eFPGA IP revenue was primarily comprised of a $3.7 million decrease in eFPGA-related professional services revenue.”
82. QuickLogic Corporation, Form 10-K filed 2026-03-27: “During the year ended January 1, 2023, the Company entered into a multiple-year agreement with a customer to provide professional services over multiple phases of which each phase has to be separately approved prior to commencement of work. Other contractual terms include a termination for convenience clause including the enforceable right to payment for performance completed to date.”
83. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Associated with this agreement, the Company recognized professional services revenue amounting to $6.1 million and $10.9 million for the Fiscal Years ended December 28, 2025 and December 29, 2024, respectively.”
84. QuickLogic Corporation, Form 10-K filed 2026-03-27: “New products revenue consists of revenues from the sale of hardware products manufactured on 180 nanometer or smaller semiconductor processes and eFPGA IP licenses, as well as professional services. Mature products include all products produced on semiconductor processes larger than 180 nanometer.”
85. QuickLogic Corporation, Form 10-K filed 2026-03-27: “Within our device revenue, gross margins of mature products, as well as new products sold to Aerospace and Defense customers, are generally higher than when selling the same products to higher volume IoT and/or Consumer customers.”
86. QuickLogic Corporation, Form 10-K filed 2026-03-27: “While we expect revenue and gross profit growth from new products will offset the expected decline in revenue and gross profit from our mature products, there is no assurance whether or when this will occur.”
87. QuickLogic Corporation, Form 10-K filed 2026-03-27: “New hardware revenue decreased by approximately $1.6 million, or (61)%, in the Fiscal Year ended December 28, 2025 compared to the Fiscal Year ended December 29, 2024. The decrease in new hardware product revenue was primarily comprised of a decrease of $1.6 million in connectivity product revenue.”
88. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We shipped new products into multiple end market segments including Aerospace and Defense, Industrial, IoT, and Consumer beginning in the Fiscal Year ended December 28, 2025.”
89. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We have experienced net losses in the past years and expect to experience losses in at least some of the fiscal quarters during 2026 as we continue to develop new products, applications, and technologies.”
90. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We expect that future revenue growth will depend on the continued adoption of our eFPGA IP technologies, the introduction of new FPGA devices, and the ongoing demand for our existing programmable logic products.”
91. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We expect this high level of customer concentration to decrease as we continue to market our solutions to additional Aerospace and Defense, Industrial, Computing, and Communications customers.”
92. QuickLogic Corporation, Form 10-K filed 2026-03-27: “We expect to execute definitive agreements with Sunflower Bank, N.A. during the second quarter.”
93. QuickLogic Corporation, Form 10-Q filed 2026-08-12: “In the second quarter of 2026, the Company entered into (i) a Loan and Security Agreement (the "Credit Agreement"), by and between Sunflower Bank, N.A. ("Sunflower Bank") and (ii) a Promissory Note of the Company (the "Note"), providing for a $10.0 million secured revolving credit facility ("Revolving Credit Facility"). The Revolving Credit Facility matures on April 24, 2029”
94. QuickLogic Corporation, Form 10-Q filed 2026-08-12: “Subsequently, the Company terminated its revolving line of credit with Heritage Bank of Commerce in May 2026.”

Where the revenue comes from

Product and service lines in fiscal 2025: E FPGAIP 69%, Mature Products 24%, Hardware Products 7%. By geography: North America 79%, Asia Pacific 17%, Europe 4%. As tagged in its annual report (Form 10-K, filed 2026-03-27).

Who runs it

Faith, Brian C (PRESIDENT AND CEO); Pease, Andrew J (President and CEO); Sullivan, James (SVP Finance and CFO); Nader, Elias (CFO, SVP FINANCE); Saxe, Timothy (SR. VP AND CTO); Farese, Michael J. (director); Kim, Joyce (director); Shelton, Ron (director); Tauss, Gary H (director); Christine, Russell (director). 10 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-06.

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