QUICKLOGIC Corp
For the period ended Sep 29, 2024. Filed Nov 13, 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.
Sep 29, 2024 · Filed Nov 13, 2024
QUIK$8.22-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
(in thousands, except par value amount)
| September 29, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $22,364 | $24,606 |
| Accounts receivable, net of allowance for doubtful accounts of $24 and $34, as of September 29, 2024 and December 31, 2023, respectively | 657 | 1,625 |
| Contract assets | 2,331 | 3,609 |
| Note receivable, current | — | 1,200 |
| Inventories, net | 1,780 | 2,029 |
| Prepaid expenses and other current assets | 2,919 | 1,561 |
| Total current assets | 30,051 | 34,630 |
| Property and equipment, net | 14,137 | 8,948 |
| Capitalized internal-use software, net | 2,352 | 2,069 |
| Right of use assets, net | 828 | 981 |
| Intangible assets, net | 457 | 537 |
| Non-marketable equity investment | 300 | 300 |
| Goodwill | 185 | 185 |
| Note receivable, non-current | 1,260 | — |
| Other assets | 143 | 142 |
| TOTAL ASSETS | $49,713 | $47,792 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Revolving line of credit | $20,000 | $20,000 |
| Trade payables | 2,877 | 4,657 |
| Accrued liabilities | 1,457 | 2,673 |
| Deferred revenue | 449 | 1,052 |
| Note payable, current | 1,798 | 946 |
| Lease liabilities, current | 275 | 302 |
| Total current liabilities | 26,856 | 29,630 |
| Long-term liabilities: | ||
| Lease liabilities, non-current | 529 | 681 |
| Notes payable, non-current | 1,314 | 461 |
| Other liabilities, non-current | 125 | 125 |
| Total liabilities | 28,824 | 30,897 |
| Commitments and contingencies (see Note 13) | ||
| 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; 14,697 and 14,118 shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively | 15 | 14 |
| Additional paid-in capital | 329,965 | 322,436 |
| Accumulated deficit | (309,091) | (305,555) |
| Total stockholders' equity | 20,889 | 16,895 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $49,713 | $47,792 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.