QuickLogic Corporation (QUIK) Q3 2024 Earnings Call Transcript Summary
QuickLogic Corporation (QUIK) Q3 2024 Earnings Call Transcript Summary
Non-GAAP net loss for Q3 2024 was $0.9 million, or $0.06 per share, compared to a net income of $1.8 million, or $0.13 per share, in Q3 2023.The following is a summary of the QuickLogic Corporation (QUIK) Q3 2024 Earnings Call Transcript:
以下是QuickLogic公司（QUIK）2024年第三季度業績會實錄摘要：
Financial Performance:
財務表現:
Q3 2024 revenue reached $4.3 million, a 36% decrease from Q3 2023 but a 4% increase from Q2 2024.
Q3 non-GAAP gross margin stood at 60%, compared to 78% the previous year.
Non-GAAP net loss for Q3 2024 was $0.9 million, or $0.06 per share, compared to a net income of $1.8 million, or $0.13 per share, in Q3 2023.
2024年第三季度營業收入達到430萬美元，比2023年第三季度下降36%，但比2024年第二季度增長4%。
第三季度非通用會計淨利率爲60%，相比前一年的78%。
2024年第三季度非通用會計淨虧損爲90萬美元，每股0.06美元，相比於2023年第三季度的淨利潤180萬美元，每股0.13美元。
Business Progress:
業務進展:
QuickLogic has been actively developing eFPGA Hard IP for Intel 18A, anticipating to be the first available source. This is part of their investment in new process technologies to enhance their competitive edge.
Announced the award of the third tranche of the Strategic Radiation Hardened FPGA government contract and expects the fourth tranche to be awarded within the quarter.
Expanded international distribution agreements to enhance U.S. defense industrial base coverage.
QuickLogic一直積極開發英特爾18A的eFPGA硬核知識產權，預計成爲首家可提供的來源之一。這是他們投資新工藝技術以增強競爭優勢的一部分。
宣佈獲得戰略輻射防護FPGA政府合同第三批的獎勵，並預計第四批將在本季度內獲得。
擴大國際分銷協議，以增強美國軍工股覆蓋範圍。
Opportunities:
機會：
Potential increase in demand for QuickLogic's eFPGA Hard IP due to the acquisition of Flex Logix by Analog Devices, positioning QuickLogic as a primary provider in the eFPGA IP market.
Increased activities in defense and commercial sectors due to strategic partnerships and technological advancements in eFPGA Hard IP, especially with Intel's 18A process.
由於Analog Devices收購Flex Logix，QuickLogic的eFPGA硬IP需求潛力增加，將QuickLogic定位爲eFPGA IP市場的主要提供商。
由於與英特爾的18A工藝合作，國防和商業領域的活動增加，尤其是在eFPGA硬IP領域的技術進步與戰略合作。
Risks:
風險：
Delay in contract awards, most notably a significant contract delayed into Q1 2025 due to expanded scope, impacting QuickLogic's revenue recognition timing.
Heavy dependence on the defense industry, which could pose risks related to funding and prioritization changes.
由於合同獎項延遲，尤其是一項重要合同推遲至2025年第一季度，由於擴大範圍，影響QuickLogic的營業收入確認時間。
過度依賴國防行業可能會對資金和優先級調整相關風險。
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