quicklogic corp (QUIK) Key Developments
Thinkware Selects QuickLogic's PolarPro II CSSP Platform
Nov 18 15
QuickLogic Corporation has announced that Thinkware has designed QuickLogic's PolarPro II CSSP platform into its QXD950 View Black Box product. The QXD950 View two-channel car black box provides advanced data logging for automotive applications, plus night vision and accident image capture information. The PolarPro II CSSP enables the QXD950 View to support image processing for a 3.5-inch TSP LCD (480 x 320 HVGA). By offloading this task from the image processing DSP, Thinkware was able to provide its customers with this beneficial feature while reducing power consumption and accelerating its time-to-market. The PolarPro II family was specifically architected to meet interconnect and system logic requirements of power sensitive and portable applications. With special attention paid to efficient logic cell utilization, achieving the smallest size, and lowest power consumption during the design process, QuickLogic has ensured that the PolarPro II device is the ideal solution for OEMs who require a configurable logic solution for their application.
Sharp Corporation Selects Quicklogic's Arcticlink Iii Vx5 And Polarpro 3 for its Robohon Mobile Robot Phone
Nov 17 15
QuickLogic Corporation announced that Sharp Corporation has selected the company's ArcticLink III VX5 Visual Enhancement Engine (VEE) enabled display bridge and PolarPro 3 FPGA for its new and innovative RoBoHoN Mobile Robot Phone. RoboHoN is a 7.7 inch tall Mobile Robot Phone. It walks, talks, sits, stands and even dances. With facial and voice recognition capabilities, RoBoHoN knows and recognizes its owner, and responds to user requests. RoBoHoN can take a picture or record a video, and then display the results on a table or wall with its built-in pico projector. RoBoHoN will also read texts and emails aloud, and with voice recognition, allows users to respond hands-free. As a digital assistant, RoBoHoN can search the internet for answers to user questions, track schedules, and make phone calls using its integrated LTE and Wi-Fi connectivity. QuickLogic's ArcticLink III VX platform provides a display bridge from the MIPI output of RoBoHoN's application processor to the RGB input of its integrated pico projector. Sharp chose QuickLogic's VX platform due to its unique VEE technology that is optimized in the VX5 for pico projector applications. RoBoHoN also uses QuickLogic's in-system reprogrammable PolarPro 3 to support smart connectivity requirements.
QuickLogic Corporation Announces Earnings Results for the Third Quarter of Fiscal 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015
Oct 28 15
QuickLogic Corporation announced earnings results for the third quarter of fiscal 2015. For the quarter, the company announced total revenue of $4.2 million. Primary reason for this shortfall was an unexpected and a temporary decline of mature product revenue. GAAP net loss was $5.1 million or $0.09 per share.
The company provided earnings guidance for the fourth quarter of fiscal 2015. For the quarter, the company expects total revenue of $4 million, plus or minus 10%. The total revenue is expected to be comprised of approximately $2.3 million of new product revenue and $1.7 million of mature product revenue. On a non-GAAP basis, the company expects gross margin to be approximately 42%, plus or minus 3%. The anticipated increase in gross margin reflects the impact of product and the customer mix. The company is currently forecasting non-GAAP operating expenses to be $6 million, plus or minus $300,000. At the midpoint of its guidance, non-GAAP loss is expected to be approximately $4.3 million or $0.08 per share.
QuickLogic Corporation Names Mark Sprague as New Vice President of Worldwide Sales
Oct 26 15
QuickLogic Corporation announced that Mark Sprague has joined QuickLogic as Vice President of Worldwide Sales. Mr. Sprague is an experienced sales leader, with more than 23 years of semiconductor, OEM and system level
experience. Prior to joining QuickLogic, Mr. Sprague was Director of Worldwide Sales at Trimble Navigation.
QuickLogic Corporation Reports Revenue Results for the Third Quarter of 2015; Provides Earnings Guidance for the Third Quarter of 2015
Oct 14 15
QuickLogic Corporation reported revenue results for the third quarter of 2015. Total revenue in the quarter was approximately $4.2 million. The primary reason for this shortfall to guidance was an unexpected and temporary decline of mature product revenue, which totaled approximately $1.3 million.
Due to lower mature product revenue, and a notable increase in display bridge shipments to Samsung, the company anticipates reporting non-GAAP gross margin of approximately 30%. Non-GAAP net loss per share is expected to be reported at approximately $0.08. The company anticipates cash usage of approximately $3 million, which is at the low end of the guidance range.