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Quicklogic Corp  (QUIK)
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Quicklogic's Customers Performance

QUIK

 
QUIK's Source of Revenues In the Q1, Quicklogic Corp's corporate clients experienced a reduction by -3.86 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -16.84 %. During the corresponding time, Quicklogic Corp recorded revenue increase by 76.49 % year on year, sequentially revenue fell by -31.75 %. While revenue at the Quicklogic Corp's corporate clients fell by -2.02 % year on year, sequentially revenue fell by -16.03 %.

List of QUIK Customers




Customers of Quicklogic Corp saw their costs of revenue decrease by -3.86 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -16.84 %, for the same period Quicklogic Corp recorded revenue increase by 76.49 % year on year, sequentially revnue fell by -31.75 %.

List of QUIK Customers



   
Customers Net Income grew in Q1 by Customers Net margin grew to
7.19 % 14.24 %
Customers Net Income grew in Q1 by 7.19 %


Customers Net margin grew to 14.24 %



Quicklogic's Customers, Q1 2024 Revenue Growth By Industry
Customers in Miscellaneous Fabricated Products Industry -4.32 %   
Customers in Miscellaneous Manufacturing Industry -1.58 %   
Customers in Appliance & Tool Industry -6.41 %   
Customers in Electronic Parts & Equipment Industry -15.55 %   
Customers in EV, Auto & Truck Manufacturers Industry      10.22 %
Customers in Auto & Truck Parts Industry -3.52 %   
Customers in Coal Mining Industry      5.74 %
Customers in Communications Services Industry      12.01 %
Customers in Security & Armored Car Services Industry -32.04 %   
Customers in Communications Equipment Industry -7.93 %   
Customers in Computer Hardware Industry      0.16 %
Customers in Computer Networks Industry -12.64 %   
Customers in Computer Peripherals & Office Equipment Industry -12.42 %   
Customers in IT Infrastructure Industry      9.2 %
Customers in Cloud Computing & Data Analytics Industry -5.54 %   
Customers in Semiconductors Industry      7.2 %
Customers in Software & Programming Industry      11.65 %
Customers in Consumer Electronics Industry -0.9 %   
     
• Customers Valuation • Customers Mgmt. Effect.


Quicklogic's Comment on Sales, Marketing and Customers



We are a sub-system integrator that monetizes solutions through silicon sales and eFPGA IP licensing. We specialize in enhancing the user experience in leading edge mobile devices and products. For our customers, we enable hardware and sensor algorithmic differentiation quickly and cost-effectively. For our partners, we expand their reach into new segments and new use cases thereby expanding the served available market for their existing devices.

Our vision is to transform the way people and devices interact with each other and their surroundings. Our mission is to provide innovative platforms to successfully enable our customers to develop products that fundamentally change the end-user experience. Specifically, we develop low power SoCs, FPGAs and embedded FPGA intellectual property. QuickLogic’s products enable smartphone, wearable, Hearbles and IoT device OEMs to deliver highly differentiated, immersive user experiences and long battery life for their customers.

Our multi-core sensor processing products such as ArcticLink 3 S1, ArcticLink 3 S2 and EOS 3 accomplish this result with general purpose and targeted cores, which provide an extremely power-efficient approach for real-time multi-modal (vision, motion, voice, location, biometric and environmental) sensor processing independently of the cloud. Our embedded FPGA technology gives SoC developers targeted IoT endpoint applications the flexibility to make design changes post production while keeping power consumption low.

Market leading companies need to deliver new products quickly and cost-effectively. We believe our programmable technology allows us to deliver customizable solutions with low power consumption and high IP security, while meeting system performance and BOM cost requirements. We believe our solutions allow OEMs and ODMs to rapidly bring new and differentiated products to market quickly and cost-effectively. Our solutions enable energy and cost-efficient solutions on design platforms from which a range of products can be introduced.

We recognize that our markets require a range of solutions, and we intend to work with market leading companies to combine silicon solution platforms, packaging technology, sensor software algorithms, software drivers and firmware, to meet the product proliferation, high bandwidth, time-to-market, time-in-market and form factor requirements of mobile device manufacturers. We expect solutions to range from devices that include mixed signal and visual enhancement capability to devices that provide off-load engines from the host processor to save power and extend system battery life. We intend to continue to define and implement compelling solutions for our target customers and partners.

Our business model includes a focused customer strategy in which we target market-leading customers, who primarily serve the market for differentiated mobile products. Our belief is that a large majority of our revenue will continue to come from less than 100 customers as we transition to this business model. We have identified and plan to continue to identify the customers we want to serve with our solutions. We are currently in different stages of engagement with a number of these customers. We believe our solutions are resonating with our target customers who value the differentiated user experience, lower power consumption, platform design capability, rapid time-to-market, longer time-in-market and low total cost of ownership available through the use of our solutions.

We sell our products through a network of sales managers in North America, Europe and Asia. In addition to our corporate headquarters in Sunnyvale, California, we have international sales operations in China, Japan, Taiwan, South Korea and the United Kingdom. Our sales personnel and independent sales representatives are responsible for sales and application support for a given region, focusing on major strategic accounts.

Our customers typically order our products through our distributors. Currently, we have two distributors in North America and a network of sixteen distributors throughout Europe and Asia to support our international business.

We have a military, industrial and mobile product customer base that purchases our mature silicon products. We expect to continue to offer silicon devices to these customers.

One of our tier one customers, Samsung Electronics Co., Ltd. or Samsung represented 19% of our total revenue. In addition, a significant portion of our revenue comes from sales to customers located outside of the United States. See Note 11 to the Consolidated Financial Statements for information on our revenue by geography, market segment and key customers.






Quicklogic's Comment on Sales, Marketing and Customers


We are a sub-system integrator that monetizes solutions through silicon sales and eFPGA IP licensing. We specialize in enhancing the user experience in leading edge mobile devices and products. For our customers, we enable hardware and sensor algorithmic differentiation quickly and cost-effectively. For our partners, we expand their reach into new segments and new use cases thereby expanding the served available market for their existing devices.

Our vision is to transform the way people and devices interact with each other and their surroundings. Our mission is to provide innovative platforms to successfully enable our customers to develop products that fundamentally change the end-user experience. Specifically, we develop low power SoCs, FPGAs and embedded FPGA intellectual property. QuickLogic’s products enable smartphone, wearable, Hearbles and IoT device OEMs to deliver highly differentiated, immersive user experiences and long battery life for their customers.

Our multi-core sensor processing products such as ArcticLink 3 S1, ArcticLink 3 S2 and EOS 3 accomplish this result with general purpose and targeted cores, which provide an extremely power-efficient approach for real-time multi-modal (vision, motion, voice, location, biometric and environmental) sensor processing independently of the cloud. Our embedded FPGA technology gives SoC developers targeted IoT endpoint applications the flexibility to make design changes post production while keeping power consumption low.

Market leading companies need to deliver new products quickly and cost-effectively. We believe our programmable technology allows us to deliver customizable solutions with low power consumption and high IP security, while meeting system performance and BOM cost requirements. We believe our solutions allow OEMs and ODMs to rapidly bring new and differentiated products to market quickly and cost-effectively. Our solutions enable energy and cost-efficient solutions on design platforms from which a range of products can be introduced.

We recognize that our markets require a range of solutions, and we intend to work with market leading companies to combine silicon solution platforms, packaging technology, sensor software algorithms, software drivers and firmware, to meet the product proliferation, high bandwidth, time-to-market, time-in-market and form factor requirements of mobile device manufacturers. We expect solutions to range from devices that include mixed signal and visual enhancement capability to devices that provide off-load engines from the host processor to save power and extend system battery life. We intend to continue to define and implement compelling solutions for our target customers and partners.

Our business model includes a focused customer strategy in which we target market-leading customers, who primarily serve the market for differentiated mobile products. Our belief is that a large majority of our revenue will continue to come from less than 100 customers as we transition to this business model. We have identified and plan to continue to identify the customers we want to serve with our solutions. We are currently in different stages of engagement with a number of these customers. We believe our solutions are resonating with our target customers who value the differentiated user experience, lower power consumption, platform design capability, rapid time-to-market, longer time-in-market and low total cost of ownership available through the use of our solutions.

We sell our products through a network of sales managers in North America, Europe and Asia. In addition to our corporate headquarters in Sunnyvale, California, we have international sales operations in China, Japan, Taiwan, South Korea and the United Kingdom. Our sales personnel and independent sales representatives are responsible for sales and application support for a given region, focusing on major strategic accounts.

Our customers typically order our products through our distributors. Currently, we have two distributors in North America and a network of sixteen distributors throughout Europe and Asia to support our international business.

We have a military, industrial and mobile product customer base that purchases our mature silicon products. We expect to continue to offer silicon devices to these customers.

One of our tier one customers, Samsung Electronics Co., Ltd. or Samsung represented 19% of our total revenue. In addition, a significant portion of our revenue comes from sales to customers located outside of the United States. See Note 11 to the Consolidated Financial Statements for information on our revenue by geography, market segment and key customers.










QUIK's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Quicklogic Corp 156.21 23.08 1.07 89
Apple Inc 3,286,096.02 381,623.00 100,389.00 164,000
Adt Inc 6,695.09 5,309.91 673.40 17,500
Adtran Holdings Inc 394.30 820.74 -117.36 2,060
Addvantage Technologies Group Inc 5.13 55.39 -8.80 178
Alpine 4 Holdings Inc 13.06 105.85 -20.56 0
Amplitech Group Inc 10.43 15.58 -2.47 5
Amphenol Corporation 42,866.73 12,836.10 2,054.80 90,000
Arlo Technologies Inc 1,234.10 502.94 -17.44 355
Arrow Electronics Inc 7,062.36 31,294.95 717.14 18,700
A10 Networks Inc 1,024.32 241.51 67.70 0
Audiocodes ltd 315.79 244.38 8.78 885
Avid Technology Inc 1,195.41 413.46 12.95 1,522
Avnet Inc 4,763.56 25,057.83 640.78 18,800
Bandwidth Inc 414.63 632.80 -0.93 1,100
Belden Inc 3,929.61 2,405.97 216.92 8,200
Bk Technologies Corporation 48.20 55.39 -0.96 113
Bos Better Online Solutions Ltd 17.24 43.21 2.01 85
Canon Inc 22,300.12 28,655.20 1,882.75 194,151
Casa Systems Inc 3.41 249.41 -107.17 1,004
Ciena Corp 6,767.48 4,145.91 153.63 5,161
Clearfield Inc 569.96 181.06 -3.27 230
Cleartronic Inc 6.95 2.29 0.00 8
Clearone Inc 17.26 17.33 -1.63 151
Cambium Networks Corp 79.82 264.41 -14.56 573
Commscope Holding Company Inc 273.35 7,836.40 -2,034.60 20,000
Cisco Systems Inc 185,460.80 55,364.00 12,116.00 83,300
Citrix Systems Inc. 13,281.74 3,314.15 330.37 9,000
Cyberark Software Ltd 10,488.10 751.89 -66.50 2,400
Dell Technologies Inc 98,167.27 103,623.00 2,799.00 133,000
Digi International Inc 826.00 438.03 14.03 790
Amdocs Limited 9,019.85 4,887.55 542.96 31,000
Duo World Inc 0.55 0.06 0.64 100
Dzs Inc 40.46 373.58 -25.16 629
Electronic Systems Technology Inc 1.30 1.60 -0.15 11
Engagesmart Inc 3,924.71 363.02 24.88 789
Extreme Networks Inc 1,624.24 1,366.97 94.17 2,643
Falconstor Software Inc 16.02 10.27 -1.20 81
Fortune Brands Innovations Inc 67.96 4,596.90 432.80 0
F5 Inc 9,984.42 2,782.76 498.51 7,089
Franklin Wireless Corp 36.45 41.68 -3.94 67
Flir Systems Inc 7,603.05 1,940.08 235.97 4,265
Fastly Inc 969.03 521.00 -131.83 976
Federal Signal Corporation 5,162.08 1,762.10 181.60 2,200
Corning Inc 32,438.54 12,385.00 682.00 61,200
Turtle Beach Corporation 269.71 258.91 -49.46 135
Harmonic Inc 1,265.06 570.98 70.81 1,244
Hewlett Packard Enterprise Company 28,620.00 28,312.00 1,807.00 60,200
Hp inc 35,154.90 52,962.00 2,939.00 58,000
Hopto Inc 7.40 4.19 0.23 14
Houston Wire and Cable Co 88.70 269.51 -12.97 352
International Business Machines Corporation 157,940.61 62,070.00 8,180.00 307,600
Infinera Corporation 1,210.92 1,529.91 -74.68 2,145
Intel Corporation 129,168.90 55,237.00 4,006.00 121,100
Irobot Corporation 260.33 880.30 -214.99 622
Ironnet Inc 0.34 27.54 -242.65 316
Juniper Networks Inc 11,439.40 5,341.00 224.00 10,191
Kaman Corporation 1,305.29 775.85 7.95 5,258
Semileds Corp 6.31 5.98 -2.69 187
Lumentum Holdings Inc 3,191.40 1,340.80 -68.20 2,930
Lg Display Co Ltd 1,241.65 24,321.16 2,971.89 53,891
Methode Electronics Inc 353.70 1,162.90 102.20 7,000
Mimecast Limited 5,605.03 575.28 47.24 1,192
Minim Inc 8.31 15.50 -16.82 0
Mandiant Inc. 5,359.35 391.26 848.98 0
Hello Group Inc 2,334.65 1,690.49 274.89 2,394
Motorola Solutions inc 62,430.68 10,196.00 1,397.00 18,700
Maxlinear Inc 1,495.46 539.62 -154.99 753
Nacco Industries Inc 230.11 217.47 -40.71 3,600
Netapp Inc 26,621.87 6,101.00 692.00 12,000
Netgear Inc 429.57 800.31 -109.14 1,008
Nutanix Inc 13,042.87 1,939.19 -171.30 2,813
Optical Cable Corporation 21.50 64.14 -4.19 342
Okta Inc 15,031.66 1,957.00 -736.00 5,030
Uipath Inc 6,576.93 1,103.78 -325.19 4,013
Pineapple Energy Inc 51.23 69.44 -1.75 0
Preformed Line Products Company 656.58 693.21 73.52 2,744
Plantronics Inc. 1,729.74 1,665.53 21.64 6,172
Parkervision Inc 11.73 0.07 -4.29 45
Pure Storage Inc 21,832.82 2,857.01 105.46 4,200
Pixelworks Inc 58.62 65.77 -22.37 215
Qualcomm Inc 243,322.90 36,406.00 8,386.00 51,000
Qualys Inc 5,156.36 568.90 162.22 869
Quantum Corp 55.17 406.61 -38.30 905
Quantum Computing Inc 62.07 0.28 -40.21 25
Rubicon Technology Inc 1.85 3.59 0.94 20
12 Retech Corporation 0.00 0.69 -17.46 4
R F Industries Ltd 35.16 60.02 -8.15 344
Rapid7 Inc 2,709.93 797.99 -121.09 1,079
Secureworks Corp 557.45 453.86 -119.61 2,555
Seachange International Inc 16.03 27.58 -5.15 286
Super Micro Computer Inc 51,880.94 11,816.77 1,048.99 0
Supercom Ltd 1.30 26.22 -4.02 215
Stanley Black and Decker Inc 12,532.50 15,718.80 -74.40 71,300
Te Connectivity Ltd 45,678.50 15,831.00 3,424.00 92,000
Tenable Holdings Inc 4,714.61 824.32 -9.39 1,367
Tessco Technologies Incorporated 83.15 452.06 -4.35 786
Twilio Inc 9,818.40 4,194.41 -728.65 996
Universal Electronics Inc 148.76 402.17 -45.52 2,309
Unisys Corp 288.03 1,986.80 -401.90 23,200
Utstarcom Holdings Corp 20.74 14.05 -5.00 481
Universal Security Instruments Inc 3.72 21.00 0.37 15
Visteon Corp 2,910.88 3,920.00 511.00 25,500
Via Optronics Ag 1.01 245.85 -12.19 849
7gc and Co Holdings Inc 36.49 0.00 -3.08 0
Varonis Systems Inc 4,709.78 504.75 -103.10 1,251
Encore Wire Corp 4,666.46 2,436.51 243.90 1,253
Westell Technologies Inc 15.05 29.95 -2.73 114
Xerox Holdings Corporation 1,698.99 6,673.00 -41.00 26,475
Clear Secure Inc 1,654.01 660.27 90.25 2,251
Zenvia Inc 114.37 153.44 -11.55 1,085
SUBTOTAL 4,693,164.91 1,068,183.62 155,802.49 1,889,261


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