QUIK on Nasdaq

QUICKLOGIC Corp

American semiconductors and related devices company based in Sunnyvale2

In its 2026 annual report the company says: “We are a fabless semiconductor company whose primary offerings include eFPGA IP licensing, discrete FPGA devices, and related development tools and software. Our discrete FPGA devices enable customers to implement custom hardware functionality in applications requiring flexibility, low power consumption, and long product life cycles.”5 Its shares trade on Nasdaq under the symbol QUIK.2

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Last updated Oct 21, 2026.

Overview

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  • TickerQUIK on Nasdaq2
  • IndustrySemiconductors & Related Devices2
  • HeadquartersSunnyvale, United States2
  • Incorporated inCA3
  • Business address2220 Lundy Avenue, San Jose, Ca 95131-18163
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI529900V52LUN2EHHCH562
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 27261582

QuickLogic Corporation was founded in 1988 and completed its reincorporation in Delaware in 1999. We develop programmable logic semiconductor technologies, including embedded Field Programmable Gate Array ("eFPGA") intellectual property ("IP") and specialized FPGA devices used in a range of applications requiring adaptable hardware functionality. Our technologies enable customers to incorporate programmable logic into custom semiconductor devices or deploy standalone programmable devices to implement system control, hardware acceleration, and other configurable functions.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.0%Gross margin6
-86.5%Operating margin6
-107.6%Net margin6
-29.9%Revenue growth, 20256
-65.9%Return on equity6
0.13×Debt to equity6
-$6.4MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

eFPGA IP brought in 48% of the revenue QUICKLOGIC Corp broke down this way in fiscal 2025.

  1. eFPGA IP$9.5M648%down 28% from 2024
  2. Professional Services$6.1M631%down 44% from 2024
  3. Mature Products$3.3M617%down 17% from 2024
  4. Hardware Products$987.0K65%down 61% from 2024
Products and services by year
Products and services20242025
eFPGA IP$13.1M$9.5M
Professional Services$10.9M$6.1M
Mature Products$4.0M$3.3M
Hardware Products$2.5M$987.0K

Regions

North America brought in 42% of the revenue QUICKLOGIC Corp broke down this way in fiscal 2025.

  1. North America$10.9M642%down 35% from 2024
  2. United States$10.8M642%down 34% from 2024
  3. Asia Pacific$2.3M69%up 6% from 2024
  4. MY$1.4M65%
  5. Europe$564.0K62%down 21% from 2024
Regions by year
Regions20242025
North America$16.8M$10.9M
United States$16.4M$10.8M
Asia Pacific$2.2M$2.3M
MY$1.4M
Europe$717.0K$564.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue42¢$10.7M
  • Research and development21¢$5.3M
  • Selling, general and admin36¢$9.3M
  • Interest1¢$370.0K
  • Income tax0¢$18.0K

Out of $13.8M in revenue.6 The company lost money this year.

Financial statements

Revenue789106$13.8M in 2025+34% since 2019
0$10.0M$20.0M$30.0M2019: $10.3M$10.3M20192021: $8.6M$8.6M2021−16%2022: $12.7M$12.7M2022+47%2023: $21.2M$21.2M2023+67%2024: $19.7M$19.7M2024−7%2025: $13.8M$13.8M2025−30%
Gross profit789106$3.0M in 2025−49% since 2019
0$5.0M$10.0M$15.0M2019: $5.9M$5.9M20192021: $4.2M$4.2M2021−28%2022: $7.4M$7.4M2022+75%2023: $14.5M$14.5M2023+95%2024: $12.1M$12.1M2024−17%2025: $3.0M$3.0M2025−75%
Operating income789106-$11.9M in 2025−22% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2019: -$15.4M-$15.4M20192021: -$10.9M-$10.9M2021−29%2022: -$7.5M-$7.5M2022−31%2023: $70.0K$70.0K20232024: -$2.5M-$2.5M20242025: -$11.9M-$11.9M2025+373%
Net income789106-$14.8M in 2025−4% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$15.4M-$15.4M20192021: -$11.2M-$11.2M2021−28%2022: -$6.6M-$6.6M2022−41%2023: -$263.0K-$263.0K2023−96%2024: -$3.8M-$3.8M2024+1360%2025: -$14.8M-$14.8M2025+286%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenue$13.8M$19.7M
Cost of revenue$10.7M$7.6M
Gross profit$3.0M$12.1M
Research and development$5.3M$5.8M
Selling, general and administrative$9.3M$8.8M
Asset Impairment Charges$300.0K$0
Restructuring costs$75.0K$0
Operating income (loss)-$11.9M-$2.5M
Interest expense-$370.0K-$406.0K
Interest income and other (expense) income, net-$28.0K$24.0K
Income (loss) from continuing operations before income taxes-$12.3M-$2.9M
(Benefit from) provision for income taxes$18.0K$3.0K
Net income (loss) from continuing operations-$12.3M-$2.9M
Net income (loss) from discontinued operations, net of taxes-$2.5M-$936.0K
Net income (loss)-$14.8M-$3.8M
Basic (in dollars per share)-$1-$0
Diluted (in dollars per share)-$1-$0
Basic (in dollars per share)-$0.91-$0.26
Diluted (in dollars per share)-$0.91-$0.26
Basic (in shares)16.2M shares14.5M shares
Diluted (in shares)16.2M shares14.5M shares

Compare QUICKLOGIC Corp with another company

Corporate structure

QUICKLOGIC Corp sits at the top of its group. 6 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of QUICKLOGIC Corp

  • BlackRock Filed SCHEDULE 13G on QUICKLOGIC Corp, latest Jul 29, 2026 (4 filings since Oct 24, 2024)
  • Ben Andrews Filed SCHEDULE 13G on QUICKLOGIC Corp, latest Jul 18, 2025 (3 filings since Jan 4, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on QUICKLOGIC Corp, latest Apr 30, 2025 (3 filings since Feb 9, 2023)
  • QUICKLOGIC Corp Sunnyvale, California, United States
    • QuickLogic (India) Private Limited Subsidiary · India
    • QuickLogic (Shanghai) Trading Limited Subsidiary · China
    • QuickLogic International, Inc. Subsidiary · Delaware, United States
    • QuickLogic Kabushiki Kaisha Subsidiary · Japan
    • SensiML Corporation Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What QUICKLOGIC Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$1.4M6 Dec 28, 2025$798.0K6 Dec 29, 2024+72.2%
Property and equipment, before depreciation$35.6M6 Dec 28, 2025$29.8M6 Dec 29, 2024+19.2%
Accumulated depreciation$17.3M6 Dec 28, 2025$14.1M6 Dec 29, 2024+22.7%
Property and equipment, net$18.2M6 Dec 31, 2025$15.7M6 Dec 31, 2024+16.1%
Operating-lease assets (leased space)$464.0K6 Dec 28, 2025$758.0K6 Dec 29, 2024−38.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$185.0K10 Dec 29, 2024$185.0K10 Dec 31, 20230%
Intangible assets, net (excluding goodwill)$339.0K6 Dec 31, 2025$378.0K6 Dec 31, 2024−10.3%
Finite-lived intangibles, gross$418.0K6 Dec 28, 2025$418.0K6 Dec 29, 20240%
Accumulated amortization$78.0K6 Dec 28, 2025$39.0K6 Dec 29, 2024+100.0%
Finite-lived intangibles, net$339.0K6 Dec 28, 2025$378.0K6 Dec 29, 2024−10.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$956.0K6 Dec 31, 2025$940.0K6 Dec 31, 2024+1.7%
Work in process$868.0K6 Dec 28, 2025$710.0K6 Dec 29, 2024+22.3%
Finished goods$88.0K6 Dec 28, 2025$230.0K6 Dec 29, 2024−61.7%

Properties, in its own words

Our principal administrative, sales, marketing, research and development, and final testing facility is located in a building of approximately 24,164 square feet of premises located at 2220 Lundy Avenue, San Jose, California, which is under lease until June 14, 2027. We lease flexible workspace on a monthly basis for sales offices where we have direct employees, including London, England and Taipei, Taiwan. We believe that our existing facilities are adequate for our current needs.

Item 2 of the 10-K filed Mar 27, 2026.5

Leadership

Who has led QUICKLOGIC Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (23)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • QuickLogic (India) Private Limited India4
  • QuickLogic (Shanghai) Trading Limited China4
  • QuickLogic International, Inc. Delaware4
  • QuickLogic Kabushiki Kaisha Japan4
  • SensiML Corporation Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • QUICKLOGIC CORPORATIONJun 9, 1997 to May 9, 20193

Timeline

  1. Sep 21, 20268-K Executive or director change; Regulation FD disclosure43
  2. Aug 11, 20268-K Results of operations; Regulation FD disclosure44
  3. May 12, 20268-K Results of operations; Regulation FD disclosure45
  4. May 12, 20268-K Shareholder vote46
  5. Apr 29, 20268-K Entered a material agreement; New debt or obligation; Other events47
  6. Mar 3, 20268-K Results of operations; Regulation FD disclosure48
  7. Nov 12, 20258-K Results of operations; Regulation FD disclosure49
  8. Aug 13, 20258-K Executive or director change; Regulation FD disclosure50
  9. Aug 12, 20258-K Results of operations; Regulation FD disclosure51
  10. Jul 14, 20258-K Executive or director change52
  11. May 13, 20258-K Results of operations; Regulation FD disclosure53
  12. May 13, 20258-K Executive or director change; Shareholder vote54
  13. Jul 18, 2016New chief executive Brian C. Faith becomes CEO14
  14. Dec 16, 2013New chief executive Andrew J. Pease becomes CEO15

Calendar

Coming up

  1. Nov 10, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.24) a share, on Nov 11, 2025.55

When it reported results

  1. Aug 11, 2026Reported quarterly or annual results44
  2. May 12, 2026Reported quarterly or annual results45
  3. Mar 3, 2026Reported quarterly or annual results48
  4. Nov 12, 2025Reported quarterly or annual results49
  5. Aug 12, 2025Reported quarterly or annual results51
  6. May 13, 2025Reported quarterly or annual results53
  7. Feb 25, 2025Reported quarterly or annual results56
  8. Nov 12, 2024Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

313 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 190 insider forms, 10 large holders, 48 other. The latest 20:

  1. Oct 13, 2026S-8 EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 6, 20263 EDGAR
  5. Oct 6, 20264 EDGAR
  6. Sep 30, 20264/A EDGAR
  7. Sep 30, 20264/A EDGAR
  8. Sep 30, 20264/A EDGAR
  9. Sep 30, 20264/A EDGAR
  10. Sep 30, 20264/A EDGAR
  11. Sep 21, 20268-K EDGAR
  12. Sep 18, 20264 EDGAR
  13. Sep 18, 20264 EDGAR
  14. Sep 18, 20264 EDGAR
  15. Sep 16, 20264 EDGAR
  16. Sep 15, 2026144 EDGAR
  17. Sep 14, 20264 EDGAR
  18. Sep 14, 20264 EDGAR
  19. Sep 14, 20264 EDGAR
  20. Sep 11, 20264 EDGAR

The 313 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

79 open-market trades by officers, directors and large owners since October 2021: 1 buys and 78 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026Nader EliasCFO, SVP FINANCESale8,291$10.21$84.7KForm 4
Sep 17, 2026Faith Brian CPRESIDENT AND CEOSale17,255$10.21$176.2KForm 4
Sep 17, 2026SAXE TIMOTHYSR. VP AND CTOSale10,364$10.21$105.8KForm 4
Sep 15, 2026TAUSS GARY HDirectorSale1,500$10.44$15.7KForm 4
Sep 10, 2026Nader EliasCFO, SVP FINANCESale12,152$10.80$131.2KForm 4
Sep 10, 2026Faith Brian CPRESIDENT AND CEOSale25,292$10.80$273.2KForm 4
Sep 10, 2026SAXE TIMOTHYSR. VP AND CTOSale15,190$10.80$164.1KForm 4
May 20, 2026Kim JoyceDirectorSale5,500$20.00$110.0KForm 4
May 20, 2026Faith Brian CPRESIDENT AND CEOSale41,480$20.45$848.3KForm 4
May 18, 2026TAUSS GARY HDirectorSale2,195$19.20$42.1KForm 4
Apr 14, 2026FARESE MICHAEL J.DirectorSale4,800$11.71$56.2KForm 4
Apr 6, 2026FARESE MICHAEL J.DirectorSale4,000$10.31$41.2KForm 4
Mar 17, 2026FARESE MICHAEL J.DirectorSale1,813$9.91$18.0KForm 4
Mar 10, 2026FARESE MICHAEL J.DirectorSale1,729$9.61$16.6KForm 4
Mar 9, 2026Kim JoyceDirectorSale5,500$8.43$46.4KForm 4
Mar 4, 2026FARESE MICHAEL J.DirectorSale2,328$9.41$21.9KForm 4
Feb 12, 2026Nader EliasCFO, SVP FINANCESale2,624$7.08$18.6KForm 4
Dec 8, 2025Nader EliasCFO, SVP FINANCESale5,687$6.30$35.8KForm 4
Dec 5, 2025Nader EliasCFO, SVP FINANCESale10,813$6.36$68.8KForm 4
Dec 3, 2025TAUSS GARY HDirectorSale1,000$5.98$6.0KForm 4

All 79 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • BlackRockSCHEDULE 13G, 4 filings Oct 24, 2024 to Jul 29, 202658
  • Ben AndrewsSCHEDULE 13G, 3 filings Jan 4, 2024 to Jul 18, 202559
  • VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Feb 9, 2023 to Apr 30, 202560

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Brian C. Faith51$468.0K$1.2M61
2025Elias Nader$370.0K$742.1K61
2025Timothy Saxe$335.0K$666.9K61
2024President & CEO$424.0K$1.5M61
2024CFOSVP Finance$324.5K$948.5K61
2024Sr. VP of Engineering and CTO$287.7K$886.3K61

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 96. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,065,055$21.3M0.0%+904,758
Vanguard Capital Management LLC722,196$14.4M0.0%+89,380
D. E. Shaw & Co., Inc.621,052$12.4M0.0%+532,503
Geode Capital Management, LLC435,552$8.7M0.0%+248,854
Royal Bank Of Canada335,696$6.7M0.0%−12,419
State Street Corp316,572$6.3M0.0%+245,616
Two Sigma Investments, LP296,381$5.9M0.0%+163,753
HERALD INVESTMENT MANAGEMENT Ltd261,500$5.2M0.7%−351,047
Perkins Capital Management Inc257,621$5.1M3.9%−49,085
Millennium Management LLC187,080$3.7M0.0%+22,075
Jane Street Group, LLC163,050$3.3M0.0%+112,386
Taylor Frigon Capital Management LLC140,746$2.8M1.3%−109,801
Northern Trust Corp127,616$2.5M0.0%+96,025
Themes Management Co LLC126,423$2.5M1.7%−13,077
Vanguard Fiduciary Trust Co114,098$2.3M0.0%+20,119
Vanguard Portfolio Management LLC113,550$2.3M0.0%New
Renaissance Technologies LLC113,500$2.3M0.0%New
Mitsubishi UFJ Asset Management Co., Ltd.113,432$2.3M0.0%New
Raymond James Financial Inc97,180$1.9M0.0%−10,075
UBS Group AG90,543$1.8M0.0%+39,743
Algert Global LLC84,192$1.7M0.0%New
Informed Momentum Co LLC83,734$1.7M0.1%−2,691
Citadel Advisors LLC82,816$1.7M0.0%+40,394
Qube Research & Technologies Ltd72,612$1.5M0.0%+23,955
Morgan Stanley67,709$1.4M0.0%+40,407

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How QUICKLOGIC Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQUICKLOGIC Corp1
  • CIK0000882508
  • Employer ID (EIN)77-01885045
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsJanuary 31
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2220 Lundy Avenue, San Jose, CA 95131-18161
  • Phone40899040101
  • Shares outstanding18,317,741 as of Aug 7, 202612
  • Public float$86.2M as of Jun 29, 20255
  • AuditorFrank, Rimerman + Co. LLP, San Francisco, California PCAOB ID 1596; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJun 9, 19971
  • Filings1,262 in all: 4 (616), 8-K (247), 10-Q (81), SC 13G/A (44), 4/A (34), DEF 14A (28), 10-K (25), 424B5 (23)1
    All 35 form types

    SC 13G (22), 144 (21), 3 (20), UPLOAD (14), S-8 (13), CORRESP (11), SD (10), S-3 (8), S-1/A (7), EFFECT (6), 8-A12G (3), 8-K/A (3), S-3/A (3), SCHEDULE 13G (3), 10-K405 (2), 424B4 (2), 5 (2), DEFR14A (2), NT 10-Q (2), S-1 (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-Q/A (1), 3/A (1), PRE 14A (1), RW (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Sep 21, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareQUIKNasdaq

From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks QUICKLOGIC Corp names in Item 1A of its 10-K filed Mar 27, 2026: 49 risks under these headings, as written.5

  • Risks Related to Our Business
  • We have incurred losses in the past years. We may not be able to generate sufficient revenue or raise additional financing to fund future losses, and we may not be able to sustain sufficient liquidity, and as a result, our financial condition and operating results could be materially and adversely affected.
  • Our future operating results are likely to fluctuate and therefore, may fail to meet expectations, which could materially adversely affect our business, results of operations, and financial condition.
  • Our margins vary.
  • Cyberattacks can lead to disruption of business, reduced revenue, increased costs, liability claims, or harm to our reputation or competitive position.
  • We may be unable to protect our intellectual property, which could negatively affect our ability to compete.
  • We may be unable to adequately protect our intellectual property rights and may face significant expenses as a result of future litigation.
  • We may be unable to successfully grow our business if we fail to compete effectively with others to attract and retain our executive officers, and other key management or technical personnel.
  • There may be some effects of system outages or data security breaches, which could adversely affect our operations, financial results, or reputation.
  • Our company’s global operations are subject to risks and uncertainties.
  • We may not be able to achieve the anticipated synergies and benefits from business acquisitions.
  • Litigation could adversely impact our consolidated financial position.
The other 38 risks
  • If a financial institution holding our funds fails, we may not be able to pay our operational expenses or make other payments, which could adversely impact our liquidity and financial performance. Deterioration of financial markets may result in our inability to borrow on favorable terms, which could adversely impact our ability to pursue our growth and other strategic initiatives.
  • Our insurance may not adequately cover certain risks and, as a result, our financial condition and results may be adversely affected.
  • Pandemics or other widespread public health problems could adversely affect our business, results of operations, and financial condition in a material way.
  • Changes to existing accounting pronouncements or taxation rules or practices may cause adverse income fluctuations or affect our reported financial results or how we conduct our business.
  • We may have increased difficulty attracting and retaining qualified, outside board members.
  • Risks Related to Our Common Stock
  • We may be unable to accurately estimate quarterly revenue, which could adversely affect the trading price of our stock.
  • There has been recent dilution and there may continue to be additional future dilution of our Common Stock, including as a result of the Company’s ATM Offering (as defined below), which could adversely affect the market price of shares of our Common Stock.
  • If we do not maintain compliance with the listing requirements of the Nasdaq Capital Market, our common stock could be delisted, which could, among other things, reduce the price of our common stock and the levels of liquidity available to our stockholders.
  • The market price of our common stock may fluctuate significantly and could lead to securities litigation.
  • Our certificate of incorporation, our bylaws, and Delaware law contain provisions that could discourage a takeover that is beneficial to stockholders.
  • If, in the future, we conclude our internal control over financial reporting is not effective, investors could lose confidence in the reliability of our financial statements, which could result in a decrease in the price of our common stock.
  • Risks Related to Our Industry and Global and Economic Conditions
  • The semiconductor industry is highly competitive, and has experienced significant consolidation, and if we are unable to compete effectively or identify attractive opportunities for consolidation, it could materially adversely affect our business and results of operations.
  • The semiconductor business is subject to downward price pressure.
  • Both we and our customers are subject to laws, regulations, and similar requirements, changes to which may adversely affect our business, results of operations, and financial condition.
  • Risks Related to Our Products
  • If we fail to successfully develop, introduce, and sell new products and other new solutions or if our design opportunities do not generate the revenue we expect, we may be unable to compete effectively in the future and our future gross margins and operating results will be lower.
  • If a market for our new products does not develop, or if our products do not meet customer needs, the loss of or reduction in orders could adversely affect our revenue and harm our business's financial condition, operating results, and cash flows.
  • Our products are subject to a lengthy sales cycle and our customers may cancel or change their product plans after we have expended substantial time and resources on the design of their products.
  • If we fail to adequately forecast demand for our products, we may incur product shortages or excess product inventories.
  • Our business could be adversely affected by undetected errors or defects in our products.
  • We will be unable to compete effectively if we fail to anticipate product opportunities based upon emerging technologies and standards or fail to develop products and solutions that incorporate these technologies and standards in a timely manner.
  • Changes to U.S. or foreign tax, trade policy, government incentives, and tariff and import/export regulations may have a material adverse effect on our business, financial condition, and results of operations.
  • We are subject to stringent U.S. export and import control laws and regulations. Unfavorable changes in these laws and regulations or U.S. government licensing policies, our failure to secure timely U.S. government authorizations under these laws and regulations, or our failure to comply with these laws and regulations could have a material adverse effect on our business, financial condition, and results of operations.
  • Rising concern of potential export restrictions could materially and adversely affect our business and results of operations.
  • Our business could suffer as a result of tariffs and trade sanctions or similar actions.
  • Exchange rate fluctuations could adversely affect our company’s results of operations and financial condition.
  • We have implemented import and export control procedures to comply with United States regulations, but we are still exposed to potential risks from import and export activity.
  • Risks Related to Our Customers and Partners
  • We currently depend on a limited number of significant customers, for a significant portion of our revenue, and the loss of, or reduction in orders from, such significant customers could adversely affect our revenue and harm our business financial condition, operating results, and cash flows.
  • Our revenue from U.S. Government contracts depends on the continued availability of funding from the U.S. Government, and, accordingly, we have the risk that funding for our existing contracts may be canceled or diverted to other uses or delayed or that funding for new programs will not be available.
  • Failure to comply with laws, regulations, or contractual provisions applicable to our business could cause us to lose government customers or our ability to contract with the U.S. and other governments.
  • We depend upon partnering with other companies to offer other solutions into our platform.
  • We depend on our relationships with third parties to manufacture our new hardware products.
  • We depend upon third parties for silicon IP, RTL, design, physical design, verification, and assembly of our silicon platforms and any failure to meet our requirements in a timely fashion may adversely affect our time to market and revenue.
  • We depend upon partnering with other companies to develop IP, reference platforms, algorithms, and system software.
  • We depend upon third parties to fabricate, assemble, test, and program our products, and to provide logistics services. Any problems with these third parties could adversely affect our business, results of operations, and financial condition.
  • We entered into informal partnerships with certain third parties for the development of solutions. Our business could be adversely affected if such informal partnerships fail to grow as we expected.
  • Our solutions face competition from suppliers of ASSPs, integrated application processors, radiation-tolerant and radiation hardened FPGAs, low-power MCUs, ASICs, and eFPGA IP.
  • We may engage in manufacturing, distribution, or technology agreements that involve numerous risks, including the use of cash, erosion of margins due to royalty obligations or revenue sharing, and diversion of resources.
  • We have entered and will continue to enter into strategic licensing and collaborative partnerships and relationships with third parties. The anticipated benefits of these partnerships and relationships may never materialize and these partnerships and relationships may instead disrupt our business and harm our financial condition.

Legal proceedings

From time to time, we are involved in legal actions arising in the ordinary course of business, including, but not limited to, intellectual property infringement and collection matters. Absolute assurance cannot be given that third-party assertions will be resolved without costly litigation in a manner that is not adverse to our financial position, results of operations, or cash flows or without requiring royalty or other payments in the future, which may adversely impact gross profit. We are not currently a party to any material pending legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

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