QUIKHIGH SIGNALFINANCIAL10-K

QuickLogic experienced a severe financial deterioration with revenue declining 31.5% and net losses nearly quadrupling to -$14.8M.

The company's financial performance collapsed across all key metrics, with gross profit margins imploding by 74.5% suggesting fundamental business model challenges or significant market headwinds. The swing from positive operating cash flow to -$3.3M indicates serious liquidity concerns that could threaten the company's ability to fund operations and growth investments.

Comparing 2026-03-27 vs 2025-03-26View on EDGAR →
FINANCIAL ANALYSIS

QuickLogic's financial performance deteriorated dramatically with revenue falling 31.5% to $13.8M while gross profit margins collapsed 74.5% to just $3.0M, indicating severe pricing pressure or cost structure issues. Operating losses expanded from -$3.4M to -$11.9M despite reduced R&D spending, while the company burned through cash with operating cash flow swinging from positive $27K to negative -$3.3M. The balance sheet contracted with current assets declining 18.2% to $24.2M, though total liabilities also decreased proportionally, suggesting overall business contraction rather than leveraging up during distress.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
-12181.5%
$27K→-$3.3M

Operating cash flow fell 12181.5% — earnings quality concerns; investigate working capital changes and non-cash items.

Net Income
P&L
-285.7%
-$3.8M→-$14.8M

Net income declined 285.7% — review whether driven by operations, interest costs, or non-recurring items.

Operating Income
P&L
-247.4%
-$3.4M→-$11.9M

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Gross Profit
P&L
-74.5%
$11.9M→$3.0M

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Capital Expenditure
Cash Flow
-41.5%
$5.4M→$3.2M

Capex reduced 41.5% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Revenue
P&L
-31.5%
$20.1M→$13.8M

Revenue declined 31.5% — significant demand weakness or market share loss warrants investigation.

R&D Expense
P&L
-19.1%
$6.5M→$5.3M

R&D spending cut 19.1% — could signal cost discipline or concerning reduction in innovation investment.

Current Assets
Balance Sheet
-18.2%
$29.6M→$24.2M

Current assets declined 18.2% — monitor working capital adequacy and short-term liquidity.

Total Liabilities
Balance Sheet
-17.4%
$27.0M→$22.3M

Liabilities reduced 17.4% — deleveraging improves balance sheet strength and financial flexibility.

Current Liabilities
Balance Sheet
-16.2%
$25.4M→$21.3M

Current liabilities reduced — improved short-term financial position and working capital health.

LANGUAGE CHANGES
NEW — 2026-03-27
PRIOR — 2025-03-26
ADDED
quicklo20251208_10k.htm 0000882508 QUICKLOGIC Corp false --12-28 FY 2025 true true true false The executive management team and the Board oversee the Company s ERM process, including the management of risks arising from cybersecurity threats.
The executive management team and the Board each receive regular presentations and reports on cybersecurity risks, which address a wide range of topics including recent developments, evolving standards, vulnerability assessments, third-party and independent reviews, the threat environment, technological trends, and information security considerations arising with respect to the Company s peers and third parties.
The executive management team and the Board also receive prompt and timely information regarding any cybersecurity incident, as well as ongoing updates regarding any such incident until it has been addressed.
On an annual basis, the executive management team and the Board discuss the Company s approach to cybersecurity risk management to monitor the prevention, detection, mitigation, and remediation of cybersecurity threats and incidents in real time.
The executive management team and the Board oversee the Company s ERM process, including the management of risks arising from cybersecurity threats.
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REMOVED
quicklo20241211_10k.htm 0000882508 QUICKLOGIC Corp false --12-29 FY 2024 true true true false true true 30 34 0.001 0.001 10,000 10,000 0 0 0 0 0.001 0.001 200,000 200,000 15,336 15,336 14,118 14,118 1,622 1,692 1 10 5 3 5 7 5 7 0 0 0 0 0 0 0 1 10 7 1 7 5 7 3 5 http://fasb.org/us-gaap/2024#PrimeRateMember 5 5 4 0.4 0.4 0.3 10 900 1 1 10 6 6 10 2 0 0 0 0 0 1 false false false false The operating lease relates to the Company's headquarters in San Jose, CA.
As of March 21, 2025, the registran t had 15,799,036 s hares of com mon stock outstanding .
Cyberattacks, like our January 2023 cybersecurity incident that was previously disclosed, can lead to disruption of business, reduced revenue, increased costs, liability claims, or harm to our reputation or competitive position.
If our AI products are not low touch, the cost of addressing the fragmented AI market will be high, which will delay market penetration, result in reduced revenues, or require increased expenses, any of which could adversely affect our revenue and harm our business financial condition, operating results, and cash flows.
Rising concern of potential export restrictions could materially and adversely affect our business and results of operations.
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