QuickLogic Corporation (QUIK) Financial Statements (2024 and earlier)

Company Profile

Business Address 2220 LUNDY AVENUE
SAN JOSE, CA 95131-1816
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   22,74821,44826,36316,527
Cash and cash equivalents   22,74821,44826,36316,527
Receivables2,6891,2941,6881,9912,209925
Inventory, net of allowances, customer advances and progress billings2,4932,0782,6883,2603,8363,559
Inventory2,4932,0782,6883,2603,8363,559
Prepaid expense1,305921 1,2961,483836
Contract with customer, asset, after allowance for credit loss1,987    
Deferred costs      
Other current assets2652601,066269292161
Other undisclosed current assets19,20119,605 100100 
Total current assets:27,94024,15828,19028,36434,28322,008
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   705170
Operating lease, right-of-use asset   1,1342,200
Property, plant and equipment4654995488301,4492,375
Intangible assets, net (including goodwill)8309371,0451,193  
Goodwill185185185185  
Intangible assets, net (excluding goodwill)6457528601,008  
Other noncurrent assets140309280314354253
Other undisclosed noncurrent assets3,2113,070986333  
Total noncurrent assets:4,6464,8154,6985,0401,8032,628
TOTAL ASSETS:32,58628,97332,88833,40436,08624,636
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9002,5992,2752,1363,3913,090
Accounts payable2,3919349351,0031,4881,437
Accrued liabilities1,5091,6651,3401,1331,9031,653
Deferred revenue27245552 
Debt15,00015,00015,00015,00015,3166,299
Other undisclosed current liabilities850819685862  
Total current liabilities:20,02218,87318,01217,99818,7079,389
Noncurrent Liabilities
Long-term debt and lease obligation     108355
Capital lease obligations108355
Liabilities, other than long-term debt125147  1614
Other liabilities125147  1614
Other undisclosed noncurrent liabilities5447442,3891,583  
Total noncurrent liabilities:6698912,3891,583124369
Total liabilities:20,69119,76420,40119,58118,8319,758
Equity
Equity, attributable to parent, including:11,8959,20912,48713,82317,25514,878
Common stock131211   
Additional paid in capital317,174310,222306,885297,073284,974268,833
Accumulated deficit(305,292)(301,025)(294,409)(283,258)(267,814)(254,035)
Other undisclosed equity, attributable to parent    89580
Total equity:11,8959,20912,48713,82317,25514,878
TOTAL LIABILITIES AND EQUITY:32,58628,97332,88833,40436,08624,636

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues16,18012,6858,63410,31012,62912,149
Revenue, net12,149
Cost of revenue
(Cost of Goods and Services Sold)
(7,378)(5,266)(4,386)(4,405)(6,295)(6,627)
Gross profit:8,8027,4194,2485,9056,3345,522
Operating expenses(12,602)(14,935)(14,364)(21,268)(19,930)(19,472)
Other undisclosed operating loss   (753)   
Operating loss:(3,800)(7,516)(10,869)(15,363)(13,596)(13,950)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(221)(43)971897721
Interest and debt expense(148)1,062(328)(350)(108)(115)
Loss from continuing operations before income taxes:(4,169)(6,497)(11,100)(15,524)(13,627)(14,044)
Income tax expense (benefit)(98)(119)(51)80(152)(87)
Loss from continuing operations:(4,267)(6,616)(11,151)(15,444)(13,779)(14,131)
Loss before gain (loss) on sale of properties:(6,616)(11,151)(15,444)(13,779)(14,131)
Net loss available to common stockholders, diluted:(4,267)(6,616)(11,151)(15,444)(13,779)(14,131)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(4,267)(6,616)(11,151)(15,444)(13,779)(14,131)
Comprehensive loss, net of tax, attributable to parent:(4,267)(6,616)(11,151)(15,444)(13,779)(14,131)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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