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$8.22-3.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, | April 2, | |
| 2024 | 2023 | |
| Cash flows provided by (used in) operating activities: | ||
| Net income (loss) | $108 | $(1,228) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 760 | 358 |
| ROU asset amortization | 65 | 90 |
| Stock-based compensation | 1,562 | 715 |
| Write-down of inventories and reclassifications | (2) | 171 |
| Other | (10) | (10) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 75 | 609 |
| Contract assets | 2,524 | (341) |
| Inventories | 108 | (175) |
| Other assets | (106) | (74) |
| Trade payables | (3,347) | (325) |
| Accrued liabilities | (1,293) | (80) |
| Deferred revenue | (274) | 27 |
| Lease liabilities | (84) | (96) |
| Net cash provided by (used in) operating activities | 86 | (359) |
| Cash flows provided by (used in) investing activities: | ||
| Capital expenditures for property and equipment | (94) | (2) |
| Capitalized internal-use software | (496) | (185) |
| Net cash provided by (used in) investing activities | (590) | (187) |
| Cash flows provided by (used in) financing activities: | ||
| Payment of notes payable | (239) | (151) |
| Proceeds from notes payable | — | 105 |
| Proceeds from line of credit | 20,000 | 15,000 |
| Repayment of line of credit | (20,000) | (15,000) |
| Proceeds from issuance of common stock to investors | 3,560 | 2,313 |
| Stock issuance cost | (24) | (20) |
| Net cash provided by (used in) financing activities | 3,297 | 2,247 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,793 | 1,701 |
| Cash, cash equivalents and restricted cash at beginning of period | 24,606 | 19,201 |
| Cash, cash equivalents and restricted cash at end of period | $27,399 | $20,902 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $25 | $56 |
| Income taxes paid | $22 | $2 |
| Supplemental disclosures of non-cash financing and investing items | ||
| Purchases of fixed assets with financing arrangements | $— | $446 |
| Stock-based compensation capitalized as internal-use software | $146 | $— |
| Purchases of property and equipment in accounts payable | $3,547 | $22 |
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