Quarterly ResultMay 13, 2026, 04:18 PM
QuickLogic Q1 Revenue $5.05M, Operating Cash Flow Positive; Net Loss $(2.21)M
AI Summary
QuickLogic reported Q1 2026 revenue of $5.05 million, an increase from $4.33 million in the prior year. The company's net loss for the quarter was $(2.21) million, compared to $(2.19) million in Q1 2025, with basic EPS loss improving slightly to $(0.13) from $(0.14). Notably, QuickLogic generated positive cash flow from operating activities of $0.72 million, a significant improvement from a negative cash flow in the prior year, and secured a new $10 million revolving credit facility with Sunflower Bank, N.A., addressing previous liquidity concerns.
Key Highlights
- Q1 2026 revenue from continuing operations increased to $5.05 million from $4.33 million in Q1 2025.
- Net loss for Q1 2026 was $(2.21) million, compared to $(2.19) million in Q1 2025.
- Basic net loss per share improved to $(0.13) in Q1 2026 from $(0.14) in Q1 2025.
- Net cash provided by operating activities was $0.72 million in Q1 2026, up from $(2.13) million in Q1 2025.
- Cash, cash equivalents, and restricted cash totaled $6.05 million as of March 29, 2026.
- Repaid $15.0 million revolving line of credit with Heritage Bank during Q1 2026.
- Secured a new $10 million revolving credit facility with Sunflower Bank, N.A. maturing April 24, 2029.
- Net proceeds of $3.1 million were generated from the Amended ATM Offering in Q1 2026.