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 Statements of Cash Flows
(in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 29, | October 1, | |
| 2024 | 2023(1) | |
| Cash flows provided by (used in) operating activities: | ||
| Net income (loss) | $(3,536) | $(2,305) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 2,595 | 1,183 |
| ROU asset amortization | 199 | 274 |
| Stock-based compensation | 3,681 | 1,926 |
| Write-down of inventories and reclassifications | 66 | 605 |
| Other | (10) | 3 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 978 | 2,206 |
| Contract assets | 1,278 | (2,028) |
| Inventories | 183 | (142) |
| Other assets | (309) | (1,002) |
| Trade payables | (3,170) | (990) |
| Accrued liabilities | (1,216) | 316 |
| Deferred revenue | (603) | 61 |
| Lease liabilities | (225) | (299) |
| Other long-term liabilities | — | 1 |
| Net cash provided by (used in) operating activities | (89) | (191) |
| Cash flows provided by (used in) investing activities: | ||
| Capital expenditures for property and equipment | (4,120) | (1,730) |
| Capitalized internal-use software | (841) | (715) |
| Net cash provided by (used in) investing activities | (4,961) | (2,445) |
| Cash flows provided by (used in) financing activities: | ||
| Payment of notes payable | (916) | (460) |
| Proceeds from notes payable | — | 105 |
| Proceeds from line of credit | 60,000 | 45,000 |
| Repayment of line of credit | (60,000) | (45,000) |
| Proceeds from issuance of common stock | 188 | 122 |
| 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 | 2,808 | 2,060 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (2,242) | (576) |
| Cash, cash equivalents and restricted cash at beginning of period | 24,606 | 19,201 |
| Cash, cash equivalents and restricted cash at end of period | $22,364 | $18,625 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $149 | $59 |
| Income taxes paid | $40 | $11 |
| Supplemental disclosures of non-cash financing and investing items | ||
| Purchases of assets with financing arrangements | $2,621 | $551 |
| Stock-based compensation capitalized as internal-use software | $115 | $86 |
| Stock-based compensation capitalized as tooling and fixed assets | $9 | $23 |
| Purchases of property and equipment in accounts payable | $1,170 | $2,296 |
(1) As revised. Refer to Note 2 for further information.
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