QUICKLOGIC Corp
For the period ended Jun 29, 2025. Filed Aug 13, 2025.
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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.
Jun 29, 2025 · Filed Aug 13, 2025
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Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29, | June 30, | June 29, | June 30, | |
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $3,687 | $4,096 | $8,012 | $9,765 |
| Cost of revenue | 2,733 | 1,854 | 5,181 | 3,719 |
| Gross profit | 954 | 2,242 | 2,831 | 6,046 |
| Operating expenses: | ||||
| Research and development | 1,193 | 1,347 | 2,461 | 2,668 |
| Selling, general and administrative | 1,962 | 2,095 | 4,498 | 4,446 |
| Impairment charges | 300 | — | 300 | — |
| Restructuring costs | 21 | — | 75 | — |
| Total operating expenses | 3,476 | 3,442 | 7,334 | 7,114 |
| Operating income (loss) | (2,522) | (1,200) | (4,503) | (1,068) |
| Interest expense | (108) | (39) | (205) | (108) |
| Interest income and other income (expense), net | (30) | 4 | (37) | 21 |
| Income (loss) from continuing operations before income taxes | (2,660) | (1,235) | (4,745) | (1,155) |
| (Benefit from) provision for income taxes | 1 | (6) | 6 | 1 |
| Net income (loss) from continuing operations | (2,661) | (1,229) | (4,751) | (1,156) |
| Net income (loss) from discontinued operations, net of taxes | (9) | (321) | (110) | (286) |
| Net income (loss) | $(2,670) | $(1,550) | $(4,861) | $(1,442) |
| Net income (loss) from continuing operations per share: | ||||
| Basic | $(0.17) | $(0.09) | $(0.30) | $(0.08) |
| Diluted | $(0.17) | $(0.09) | $(0.30) | $(0.08) |
| Net income (loss) per share: | ||||
| Basic | $(0.17) | $(0.11) | $(0.31) | $(0.10) |
| Diluted | $(0.17) | $(0.11) | $(0.31) | $(0.10) |
| Weighted average shares outstanding: | ||||
| Basic | 15,884 | 14,439 | 15,677 | 14,308 |
| Diluted | 15,884 | 14,439 | 15,677 | 14,308 |
Note: Net income (loss) equals total comprehensive income (loss) for all periods presented. Additionally, the Company notes that income taxes related to discontinued operations were immaterial in nature for the periods presented and as such, only net income (loss) from discontinued operations was reported in the condensed consolidated statement of operations.
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