QuickLogic Corporation Announces Financial Results For FY20

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Its new product revenue was approximately $0.8 million in the fourth quarter of 2020, an increase of 31 per cent compared with the third quarter of 2020

QuickLogic Corporation has announced its financial results for the fourth quarter of fiscal 2020. Its total revenue for fiscal year 2020 was $8.6 million, compared with $10.3 million in fiscal year 2019. New product revenue was $2.8 million, compared with $3.1 million in the prior year. Mature product revenue was $5.9 million, compared with $7.2 million in fiscal year 2019.

The company during the fiscal passed Amazon AVS Certification for Hearable Reference Design so that ODMs/OEMs can evaluate smart hearable products quickly and easily. It also collaborated with Antmicro on open source FPGA tools and Renode support for OpenHW Group’s CORE-V MCU, and introduced a new, zero-cost version of the SensiML Analytics Toolkit called “Community Edition” for the rapid creation of prototypes.

Fiscal 2020 Fourth Quarter Financial Results

The company’s total revenue for the fourth quarter of 2020 was $2.5 million, an increase of 40 per cent compared with the third quarter of 2020, and a decrease of 13 per cent compared with the fourth quarter of 2019.

Its new product revenue was approximately $0.8 million in the fourth quarter of 2020, an increase of 31 per cent compared with the third quarter of 2020, and 18 per cent compared with the fourth quarter of 2019. The increases were primarily due to higher revenue from our sensor processing and eFPGA IP products. Mature product revenue was $1.7 million in the fourth quarter of 2020, up 46 per cent compared with the third quarter of 2020, and down 23 per cent compared with the fourth quarter of 2019.

QuickLogic is a fabless semiconductor company that develops low power, multi-core semiconductor platforms and Intellectual Property (IP) for Artificial Intelligence (AI), voice and sensor processing.

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