QuickLogic (QUIK) Investor presentation summary

Market opportunity and technology positioning

• Addressing a served available market exceeding $1 billion, spanning AI, aerospace, defense, industrial IoT, and consumer IoT sectors.

• FPGA market projected to grow at over 16.4% CAGR from 2024 to 2029, with military and aerospace segments expanding fastest.

• Over 30% of US military, aerospace, and government microelectronics spend is on FPGAs.

• First programmable logic company to contribute to a fully open-source suite of development tools.

• Fabless model enables integration of silicon platforms, IP cores, hardware, software, and AI SaaS solutions.

Product and service innovation

• Proprietary Australis 2.0 eFPGA IP generator enables rapid, flexible, and cost-effective delivery of eFPGA IP for advanced nodes.

• Storefront business model and design services broaden market reach for eFPGA IP and commercial FPGAs.

• Over 50 million devices shipped to 2,000 customers, with 13 fabrication nodes qualified.

• eFPGA IP available on Intel 18A, supporting high performance, low power, and long lifecycle applications.

• Collaborations with major foundries and ecosystem partners, including Intel, TSMC, GlobalFoundries, and others.

Financial performance and outlook

• Achieved ~24% four-year revenue CAGR and ~177% CAGR for eFPGA IP-related revenue through 2024.

• Non-GAAP gross margin improved from 51% in 2020 to 63% in 2024, with 2025 outlook at 70%.

• Operating leverage increased as gross profit grew 189% while OpEx decreased by 10% from 2020 to 2024.

• Forecasting Q4 2025 non-GAAP profitability and positive cash flow at the top end of revenue guidance.

• Balance sheet as of September 2025 shows $24.3M in current assets and $21.4M in total liabilities.