QUICKLOGIC Corp
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
QUIK$8.47+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value amount)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $27,399 | $24,606 |
| Accounts receivable, net of allowance for doubtful accounts of $24 and $34, as of March 31, 2024 and December 31, 2023, respectively | 1,560 | 1,625 |
| Contract assets | 1,085 | 3,609 |
| Note receivable | 1,214 | 1,200 |
| Inventories | 1,923 | 2,029 |
| Prepaid expenses and other current assets | 2,128 | 1,561 |
| Total current assets | 35,309 | 34,630 |
| Property and equipment, net | 12,420 | 8,948 |
| Capitalized internal-use software, net | 2,147 | 2,069 |
| Right of use assets, net | 916 | 981 |
| Intangible assets, net | 510 | 537 |
| Non-marketable equity investment | 300 | 300 |
| Goodwill | 185 | 185 |
| Other assets | 142 | 142 |
| TOTAL ASSETS | $51,929 | $47,792 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Revolving line of credit | $20,000 | $20,000 |
| Trade payables | 4,892 | 4,657 |
| Accrued liabilities | 1,545 | 2,673 |
| Deferred revenue | 778 | 1,052 |
| Notes payable, current | 993 | 946 |
| Lease liabilities, current | 263 | 302 |
| Total current liabilities | 28,471 | 29,630 |
| Long-term liabilities: | ||
| Lease liabilities, non-current | 636 | 681 |
| Notes payable, non-current | 450 | 461 |
| Other liabilities, non-current | 125 | 125 |
| Total liabilities | 29,682 | 30,897 |
| Commitments and contingencies (see Note 11) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.001 par value; 200,000 authorized; 14,422 and 14,118 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 14 | 14 |
| Additional paid-in capital | 327,680 | 322,436 |
| Accumulated deficit | (305,447) | (305,555) |
| Total stockholders' equity | 22,247 | 16,895 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $51,929 | $47,792 |
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