Strategic partnerships and income …

Appearance date: May 13, 2025

For the complete protocol of the earnings call, see the full profit call transcription.

• Quicklogic Corp (Nasdaq: Quik) secured the first of two EFPGA -hard -IP contracts for Intel 18a designs with the second in the fourth quarter.

• The company was recognized as the first available source for EFPGA Hard IP for Intel 18a that improves its market position.

• Quicklogic Corp (Nasdaq: Quik) was appointed as a partner in the Intel Foundry Accelerator Chilet Alliance, which indicates strong industry partnerships.

• The inclusion of EFPGA Hard IP in Faraday's new SoC development platform is expected to be earned in the second half of 2025.

• Quicklogic Corp (Nasdaq: Quik) anticipates solid sales growth, profitability without gap and a positive cash flow for the entire year 2025.

• The intake instructions for Q2 2025 are lower than expected due to a delay in a large IP contract, which affects short-term financial services.

• The total turnover for the first quarter of 2025 decreased by 28% compared to the first quarter of 2024, which is due to a decline in the performance of the previous year.

• The gross margin of the non-gap gross margin in Q1 was significantly lower than in previous quarters, which was affected by the cost allocations.

• The company reported a net loss of $ 1.1 million for the first quarter of 2025 compared to a net result in the previous year.

• Quicklogic Corp (Nasdaq: Quik) is still pending with risks in connection with the market acceptance of new products and the intensive competition.

Q: Can you discuss the progress and sales expectations related to Intel 18a and its applications on commercial and defense markets? A: Brian Faith, CEO: We have worked on Intel 18a since we received access to PDK version 1.0. Our efforts have led to a robust IP core that particularly appeals to the defense base. We expect income from Intel 18a licenses in this financial year, whereby the license fees are expected next year. The procedure is considered endangered and we are the only provider of EFPGA-hard IP for Intel 18a, which arouses considerable interest in both commercial and defense sectors.

Q: What are the most important drivers for the expected sales growth and the profitability of Quicklogic in the second half of 2025? A: Brian Faith, CEO: The growth is driven by new IP contracts, including those who refer to Intel 18a and strategic radar contracts. These contracts have higher average sales prices compared to previous years. Our automated Australis platform enables us to adapt designs efficiently and to support this growth with our current team size.

Q: Can you explain the storefront options and your possible effects on the Quicklogic business in more detail? A: Brian Faith, CEO: We have several options for shop front, including the strategic radar contract and a direct contract. We also examine new options for the Intel Direct Connect Conference. Our EFPGA technology is well suited for these applications, and we expect these stores to contribute significantly to our income.