QuickLogic Posts $6M Q4 Loss and Secures $13M Radiation-Hardened FPGA Contract
QuickLogic posted a fiscal Q4 2025 GAAP net loss of $6.0 million and a non-GAAP loss of $2.9 million on $3.7 million revenue. The company won a $13 million tranche under its U.S. Strategic Radiation Hardened FPGA program, lifting the contract ceiling to $89 million.
1. Fiscal Q4 2025 Financial Results
QuickLogic reported $3.7 million in Q4 revenue, down 34.2% year-over-year but up 84.0% sequentially, driven by $2.8 million in new product sales. GAAP net loss was $6.0 million (35 cents per share) with an 18.1% gross margin, while non-GAAP net loss was $2.9 million (17 cents per share) and non-GAAP gross margin reached 20.8%.
2. U.S. Strategic Radiation Hardened FPGA Program
The company expanded its U.S. government prime contract ceiling to $89 million, securing a $13 million tranche and successfully taping out a test chip on GlobalFoundries’ 12LP process. QuickLogic also received initial orders for Strategic Radiation Hardened FPGA Development Kits to evaluate the test chip, positioning it for meaningful government program revenue.
3. Commercial eFPGA Wins and Partnerships
QuickLogic secured multiple eFPGA Hard IP design wins, including a high-performance data center ASIC on a 12nm node, and entered the hardware cybersecurity market through a partnership with Idaho Scientific for crypto-agile secure ASIC designs. Additionally, a University of Saskatchewan project selected its eFPGA IP for a radiation-tolerant RISC-V microcontroller platform, and an Epson case study demonstrated 50% power savings when switching from software to eFPGA processing.