QuickLogic

QuickLogic Corporation develops advanced eFPGA technology that enables hardware re-programmability for diverse applications, focusing on sectors like Aerospace and Defense, delivering innovative solutions in embedded systems. Founded in 1988 in Sunnyvale, US, QuickLogic specializes in eFPGA technology, facilitating hardware re-programmability. The company has not undergone significant pivots or changes in business operations. QuickLogic went public in October 1999, pricing 6.

7 million shares on NASDAQ at USD 10 each, totaling USD 66. 7 mn. It has raised a total of USD 66. 7 mn in funding, primarily through its IPO.

QuickLogic Corporation specializes in advanced eFPGA (embedded Field Programmable Gate Array) technology, which enables hardware re-programmability tailored for a wide range of applications, particularly in critical sectors such as Aerospace and Defense. Their core offerings include custom rad-hard eFPGA IP designed for mission-critical and ruggedized applications, along with an array of user tools that facilitate aspects like booting, verification, debugging, and protection. The eFPGA architecture is notable for its silicon efficiency and reliability, making it suitable for extreme operating environments with stringent Size, Weight, Power, and Cost (SWaP-C) constraints. QuickLogic has also introduced UCIe-compatible FPGA chiplets, targeting low-power and low-cost applications, including those within the edge IoT and AI/ML markets.

The company's products are primarily marketed in North America, Europe, and Asia, addressing the needs of aerospace manufacturers, defense contractors, and industrial organizations. In the most recent fiscal year, QuickLogic reported a revenue of USD 20. 12 mn and an EBITDA of USD 182,000, deriving its income primarily from direct sales of its eFPGA technology and associated user tools, with a focus on B2B transactions within the Aerospace and Defense sectors. The company establishes strategic partnerships to enhance its offerings, ensuring long-term supply assurance and reliability for clients in demanding environments.

QuickLogic aims to expand its product line with new eFPGA solutions designed for low-power and cost-effective applications, specifically targeting the edge IoT and AI/ML markets. The company plans to enter additional markets within North America and Europe by 2025. The recent IPO funding of USD 66. 7 mn will support these initiatives, facilitating research and development for upcoming product launches and expanding market outreach.