Release Date: February 25, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

: Can you provide more details on the expected revenue increase in Q2 2025 and the factors contributing to it? : Brian Faith, CEO, explained that the anticipated revenue increase in Q2 2025 is primarily due to two significant IP design contracts. One is a $1.1 million contract expected to be fully recognized in Q2, and the other is related to Intel 18A, valued in the mid-seven figures, also expected to be recognized in Q2. These contracts, combined with the current revenue baseline, suggest Q2 revenue will exceed $6 million, aligning with non-GAAP profitability and positive cash flow projections.

: How is QuickLogic planning to leverage the acquisition of FlexLogics by Analog Devices? : Brian Faith, CEO, mentioned that QuickLogic has hired Andy Jarros, former VP of Sales at FlexLogics, to capitalize on the market void left by FlexLogics' acquisition. Andy's knowledge of the market and existing relationships are expected to accelerate QuickLogic's sales efforts, as evidenced by a recent $1.1 million contract win that he helped secure.