QuickLogic Corporation Market Research Report

Background

QuickLogic Corporation, established in 1988, is a fabless semiconductor company specializing in ultra-low power, customizable semiconductor solutions. The company's mission is to deliver innovative embedded FPGA (eFPGA) intellectual property (IP), discrete FPGAs, and FPGA System-on-Chips (SoCs) that cater to a diverse range of applications, including industrial, aerospace and defense, consumer electronics, and edge artificial intelligence (AI) applications. QuickLogic's subsidiary, SensiML Corporation, enhances its offerings by providing AI and machine learning (ML) software solutions, enabling efficient AI implementation at the edge.

Key Strategic Focus

QuickLogic's strategic focus centers on developing low-power, multi-core semiconductor platforms and IP for AI, voice, and sensor processing. The company's solutions encompass eFPGA IP for hardware acceleration and pre-processing, as well as heterogeneous multi-core SoCs that integrate eFPGA with other processors and peripherals. These platforms, combined with SensiML's AI/ML software, facilitate the practical adoption of AI, voice, and sensor processing across various sectors, including mobile, wearable, hearable, consumer, industrial, edge, and endpoint IoT applications.

Financials and Funding

As of the most recent fiscal year, QuickLogic reported revenues of $21.2 million. The company's market capitalization stood at approximately $110.6 million, with a price-to-sales ratio of 5.05 and a price-to-book ratio of 5.21. The net margin for the trailing twelve months was -6.83%, indicating a net loss. The return on equity was -7.30%, and the return on assets was -3.04%. The current ratio was 1.12, and the quick ratio was 1.05, reflecting the company's liquidity position.

Pipeline Development

QuickLogic's product pipeline includes several key offerings:

• EOS™ S3 SoC: A low-power, multi-core Arm Cortex® M4 MCU with eFPGA, designed for always-on voice applications, AI inferencing at the edge/endpoint, and general-purpose IoT applications.

• ArcticPro™ eFPGA IP: Embedded FPGA technology enabling hardware re-programmability, allowing SoC/ASIC developers to make software/hardware trade-offs to optimize performance for various applications.

• PolarPro® 3 FPGAs: SRAM FPGAs designed specifically for the lowest system power, ideal for battery-powered applications requiring hardware flexibility or re-programmability.

• ArcticLink® III Display Bridges: Ultra-low power display interface bridges enabling seamless connectivity between various interface standards used by application processors and displays for a wide range of devices.

These products are at various stages of development and deployment, targeting applications in consumer IoT, security, industrial IoT, and aerospace and defense sectors.

Technological Platform and Innovation

QuickLogic distinguishes itself through its proprietary technologies and innovative platforms:

• Embedded FPGA (eFPGA) IP: QuickLogic's eFPGA technology allows for post-production hardware re-programmability, enabling SoC/ASIC developers to implement changes and optimize performance for various applications.

• SensiML Analytics Toolkit: Provides accurate sensor algorithms using AI technology, facilitating the development of AI at the edge.

• Open Source Initiatives: QuickLogic has embraced open-source hardware and software tools, such as the QuickLogic Open Reconfigurable Computing (QORC) initiative, to accelerate innovation and adoption of its technologies.

Leadership Team

QuickLogic's leadership team comprises experienced professionals:

• Brian C. Faith: President, CEO, and Director.

• Elias N. Nader: Chief Financial Officer, Principal Accounting Officer, and Senior Vice President of Finance.

• Timothy Saxe, Ph.D.: Senior Vice President of Worldwide Engineering and Chief Technology Officer.

• Rajiv Jain: Vice President of Worldwide Operations.

• Owen Bateman: Vice President of Worldwide Sales.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within QuickLogic's leadership team.

Competitor Profile

Market Insights and Dynamics

The semiconductor industry is highly competitive, with rapid technological advancements and evolving market demands. QuickLogic operates in segments such as low-power FPGAs, sensor processing platforms, and embedded AI solutions, catering to applications in consumer electronics, industrial automation, and aerospace and defense.

Competitor Analysis

Key competitors in QuickLogic's market segments include:

• Intel Corporation: Offers a broad range of semiconductor products, including FPGAs and AI solutions.

• NVIDIA Corporation: Provides GPUs and AI platforms, competing in the AI and machine learning space.

• Texas Instruments: Delivers a wide array of semiconductor products, including processors and analog devices.

• Xilinx Inc.: Specializes in FPGAs and adaptive computing solutions.

• Microchip Technology Inc.: Offers microcontrollers, mixed-signal, analog, and Flash-IP solutions.

These competitors have established market positions and extensive product portfolios, presenting challenges to QuickLogic's market share expansion.

Strategic Collaborations and Partnerships

QuickLogic has engaged in several strategic collaborations to enhance its market position and technological capabilities:

• YorChip Partnership: Collaborates on developing next-generation semiconductor solutions.