Earnings call transcript Q2 2023

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Ladies and gentlemen, good afternoon. At this time, I would like to welcome everyone to QuickLogic Corporation's Second Quarter Fiscal 2023 Earnings Results Conference Call.

As a reminder, today's call is being recorded for replay purposes through August 22, 2023.

I would now like to turn the conference over to Ms. Alison Ziegler of Darrow Associates. Mr. ahead. go please Ziegler,

Alison Ziegler

thanks of and us. for to you, you all joining Thank

Financial speakers President Senior Elias Chief Faith, are Vice Chief and Our Brian and and today Executive Officer; President Officer. Nader,

production convert stock the its and mature comments a and statements design for changes involve ecosystem shipments, our to broadening products, new to to, timing statements gross revenue, and risks revenue some the that ability market limited future shipments, As including, systems, customers' not acceptance expectations expenses, of QuickLogic expectations of products, pertaining and could partners; margin, that but reminder, operating of and performance, schedule uncertainties, stated into the today and are makes timing cash. date from to evaluation design number its forward-looking company's expected activity future of production profitability relating opportunities new results start the QuickLogic's financial impact and and

Actual those results or trends from today. discussed may differ materially

risks, which more QuickLogic's most or in the with in the future statements to discussions discussed For update no detailed refer factors assumes dates filed new of information, risk any uncertainties of periodic QuickLogic any differences, and please the or information these reports recently could speak obligation to result as that assumptions SEC. respective forward-looking the of events.

In today's call, financial be reporting we will measures. non-GAAP

earnings issued non-GAAP for today we a the of release other results and to refer our financial reconciliation to GAAP You statements. may detailed

account, the FD. use about company current QuickLogic channels We Such uses of website, note, business. historical deemed may corporate Please channels under on IR its Twitter comply non-GAAP and LinkedIn QuickLogic have our with may to web page material also Regulation information obligations its disclosure posted and information, as of be distribution Facebook information that provides updated and an these table financial its page blog, data. page

after on copy page QuickLogic's on of today's earnings call. posted be call today's shortly IR the made A conclusion remarks web will the of prepared

like to the would call to Brian. ahead, I over now turn Brian. Go

Brian Faith

afternoon, second and you Good XXXX Alison. our thank you, financial for joining all fiscal Thank everyone, results conference call. quarter

after of phase in second results timing announced for release close, market the the the were noted the a XXXX award impacted last negatively As large eFPGA by next press quarter of year. contract issued our

and The first in been million with value which share and that second revenue with this am successfully. value, next to the XXXX. generating million place is of will QX. phase same had now phase been into contract, expected was finalize has $X.X to pleased extending completed total of recognition quarter duration revenue a this I timing revenue total begin is we the $XX This phase during

and funnel, of XXXX on With the total XXXX. and end remain converting markets by revenue from that rapidly we new other are this grow we our new contract sales than to track more receipt business over XX%

believe well year also will QX report for earnings non-GAAP XXXX. profitability we and We full the as non-GAAP for QX as

that the opening, get details. let's With into

deals in FPGA technologies this semi-custom our development for that eFPGA for a being process IP IP. storefront eFPGA end our markets. sales of the opportunities, Included program, QuickLogic's over largest in grew Rad eFPGA funnel a including On based our portion the Hard the number as and well are as deals of strength These continued incorporates numerous both to span Strategic million, numerous foundries, $XXX FPGA IP history.

IP. offer be full from a of ranging of unique incorporate to that designs, full continues solutions the IP all strengths that One chip which we spectrum our to eFPGA way

we do how via customer, the IP develop Design sources final devices bespoke have as as our storefront licenses our our to and is the multiple are we this we And is devices a recognized ones engineering services typically our fund. finally, to simply customers a us Royalties customer. R&D within a our that design specifications. the means our monetize primary percentage product reminder, finally, the that category. IP royalties work. our is is of being our are for typically revenue from and IP. events that IP The ship a customer the sales their services, or licenses, As delivery IP recognized finished device store IP value typically include recognized ASP onetime device devices to with of contributed by designed that buying resources

ever before, providing FPGA than trusted of just expand for expertise the we to supplier place and the than More access to depth by and decades. are doing more well an be supply IT had our many customers' In the why reasons chain one so, as in as a we opportunities additional enhance have have we fact and capabilities of reliable provider. been that devices is winning we

test In during chips recognized was a November for to that customer IP. device of end that have out we these customer of our XXXX, QX. Revenue shipment our I taped new a from the shared incorporates eFPGA

Additional in years. engineering associated than and ongoing, we design quarter any to requirements, win it millions believe I can't to represents this Due device recognize I each dollars customer revenue further potential work this a continue confidentiality share on details other with in tens couple design. specific is revenue of of of starting with the

process first during expect recognize from QX Furthermore, revenue of this initial I contract this that call, IP pipeline one XXXX. in We fiscal a previous for contract the eFPGA As the is based previous mentioned revenue process to targeting is several was This new believe call, this on government-focused contributors during growth node. and of throughout our we our XX-nanometer node. the mentioned contract to first year. additional XX-nanometer a our recognized contract our

million opportunities our dollars. IP In XX-nanometer for multiple now fact, eFPGA we several totaling have new

SensiML. Moving to

toolkit powered As company's customer we mentioned of customers' SensiML the label demand is force. launch. to microcontrollers its private and significant labeling base product large nearing top-tier last integrating a address quarter, revenue installed version provides sales broad is semiconductor company potential solution that across as of private sensible result the of a This the of their a its line

needle. While could we for what we conservative remain the QuickLogic, to has on mean the it believe move this potential

not noted companies past, have an relationship, continue. this engagements is means our the I other which will in As microcontroller with exclusive

Moving to chiplets.

continue customer in press IoT We chiplet. coming plan an in issue partner specific edge eFPGA collaboration with related company, the We interest a a an to markets. enabled weeks to release a targeting enabled to the chiplet see and AI on eFPGA

fiscal licensing. from expect initial IP related to design and/or generate services this We year revenue chiplet

Concerning Much semiconductor year. market, our phone to of end the seeing likely the are business. fiscal through still like suppliers other demand, we softness this in mobile mobile

been SX will be our balanced that models new a EOS have used informed that as anticipate in will we XXXX. ship However, rebound into inventory once is we smartphone well

QX in Finally, we with flat mature are revenue QX. slight forecasting display improvements fiscal product for forecasted segments bridge for and our

conversion to we annual from and Before the and Elias, fiscal turning revenue revenue. pushout of contribution discussed to This we of of remainder the diverse fully IP earlier XXXX. the our its track of year. we than growing to revenue second the confidence still greater offset earlier, the to pipeline emboldens on growth want reiterate XX% shortfall I are expect that our call report that the accelerated the mentioned eFPGA our contract Despite in and in phase QX outlook revenue QX the revenue for we

expect to starting earnings based and are of report we quarter profitability in this on the We year current third still substantial fiscal XXXX. also the turn forecast, full on our for corner to track to year

Let a ahead. the call for financial turn the over me Elias Elias, now results. to of review please go

Elias Nader

and everyone. Brian, good afternoon, you, Thank

timing full-year of $X.X with in revenues this mentioned. QX expectations grow believe revenue $X.X in below continue by non-GAAP and the the fiscal in more funnel, of the last than loss and two With accelerated profitability will net quarters million to for well conversions of in sales place our our the as was we contract contract performance XXXX. due of opportunities XXXX in execution Our non-GAAP a our the and report Brian we million to as XX%

review me second results the Let the now quarter. for

revenue a XXXX. the the quarter XX.X% in of compared second $X.X million, compared of XXXX, QX XX.X% with of I decrease was said, and quarter decrease a with first of As

quarter Within product million of XXXX, was to our year. revenue of last Mature the compared and were second This in sales million $X.X revenue, million to QX $X.X XX.X% $X.X $X.X million $X.X products XX.X%. million QX $X.X down quarter quarter down approximately million. last approximately last new compares and in

the was in compared services. quarter lower within of first resulted XX.X% and margin the first of mix XXXX gross and in XX.X% a quarter percentage higher deliverables QX from the of eFPGA-related the from with of in base a in the revenue Non-GAAP gross decline margins professional quarter XXXX. to revenue in second XX.X% change The

expense in year in-line operating ago. $X.X a was million. Non-GAAP controls. OpEx prior flat in quarter guidance million approximately due 'XX approximately is the last QX operating in continued expenses expenses $X.X and to quarter discipline second The QX with our $X.X This of million with were for

Non-GAAP million, essentially in a $X.XX net last per compares or shares. and quarter, a a XX.X net This $X.X of to loss XXXX. per loss $X.XX loss million fiscal net $X.X $XX,XXX, per of $X.XX share, the was share based loss of or million of or on second share, quarter

at $XX.X year approximately was million have $XX.X to in rates discussed wins with at the the continued design support Total million existing near-market the was new of $X.X cash end end. compared offset million, The raised by at March QX we from shareholders. investment

utilization higher had from cash revenue. XX% related cash of more operations. we to XXXX, our of customers In considerations a or net from each to three customers Additionally, timing that QX accounted for receipts contributed

this third on is quarter Revenue million approximately for products. of approximately new which is be Now or $X.X to expected million approximately percentage XXXX. moving to our guidance revenue will $X.X outlined. Brian XX%, for X, XXXX, margin mature million, and plus to mix, October of the XX%, plus, of products will the non-GAAP for reasons minus Based comprised of X fiscal or on quarter points. be gross Revenue guidance QX already $X.X minus end due the

product We each and goods mix will sold. to in margin see variances of quarter cost volatility to due continue

plus approximately Our with will million quarterly new or the non-GAAP increases during million, XX%. programs. to a occasional XXXX, support will be basis, range minus we remain OpEx below On operating expenses $X $X believe

results interest that income $X.XX expenses. outstanding. is share, $X.X stock-based After to this based income GAAP non-GAAP million related of non-GAAP net QX, $X.XX non-cash, and net our our compensation difference million, approximately million other to In we a forecast approximately $X.X QX XX.X be we compensation shares will on expect $X.X expense, or million. to currently taxes, roughly for per and between The will be income

may will As timing quarter our it stock-based there during the a year and each vary based grants reminder, be compensation to employees. on of movement the in

usage cash Even and certain the receipts, support be anticipated discussed $X.X that have to quarter. the Moving balance midpoint, continued we with the investment expect customer timing to we sheet. and the to wins design of new expenses below this million at

the of revenue sequential momentum As the and non-GAAP large stated business, wins operating lean earlier, improvement we new, and should the in with back structure, half in design a overall see in leading earnings. year to positive we our

that, Thank for me back let over to With turn his you. the Brian remarks. now closing call

Brian Faith

am Elias. operating drive progress excited we Thank line. efficiently are incredibly falls believe our pipeline momentum growing I sustainable that our to this highly you, scalable ensure revenue We growth increasing bottom momentum will the about model building. will revenue and and our that and

$XX in is of finalized contract QuickLogic. The contract recently history by the the we million largest far

funnel the However, sales is opportunities that the XXXX as to story for new the of acceleration contracts. part a important growth of half sustainable into of is of conversions our just our second

will This QuickLogic investors, to for key customers, support. drive their diversification. stakeholders, revenue of and suppliers again end including SensiML most like I growth all continued the further thank and teams our and market all, would

for now call That like to would open completes Operator, the our questions. prepared remarks. I

Operator

[Operator Instructions] the with of comes Our first question Martin Yang line from Oppenheimer.

Martin Yang

from First any recognition push of Brian in phase one large of is, aside second the other quarter delay for contract? there is out or very contract the second question revenue

Brian Faith

No, only Martin. this is the one,

Martin Yang

it. Got

quarters. of be Are Second pretty steady in to you recognized of the this question revenues in quarters? they do couple steadily the from pretty few regarding are next equally particularly coming one expect contract is going next roll this

Brian Faith

Yes.

I contracts nature of not but confidence to We're we is contract, of steady the across QX -- our it visibility not quarters a in have on the revenue. saying can revenue I'll call allowed outlook we that think discuss period, it guidance, for the exactly we're led the that, that not the also being it's of that say of that remainder steady out only into provide for the year will of active it's but which to going recognize number in the going the because solid. revenue flow the

Martin Yang

view your last your versus is question the expectations quarter? the revenue from last or the And has smartphone on exposure, display me bridge changed and visibility

Brian Faith

Yes.

the maybe would I completely, when in go recovery last smartphone, can about and see I start think QX. digestion quarter, through we some they we to talked thought inventory

is we'll an now the SKUs. inventory taking the see take don't have from think product I year. that They of remainder are going of they their us the all digestion still to because

we are said, the going some that to So end But fact. in year. for today, And designing we're is revenue think like the the probably models. recoveries of shipping devices in I take until new we

So then shipping well. for once we're those do digest those for everything they are models, needed as going start that to new

And on the visibility is that so smartphone That's there. side.

are display which markets. largely different You about also asked bridge

cash essentially opportunistic display the on So like bridge, business. a it's cow I'll call, more what

these which tends of customers. be So as design opportunities, benefit new some can we inventory we from for to a them get fulfill

last changed. And quarter, hasn't outlook from so our

display recently new a and opportunities smaller business, inventory into the like not embedded consumer-oriented we're we changed FPGA, engaged from ones smaller we've come going good percentage I total, grow position. and on become bridge. has display funnel as But my bridge opportunities, that bridge these we thing. more do macro display In in and of those And level, is of parts the to outlook fact, for other think the products, the had the have for the that's a the because a

Operator

question Neaton Investment of from Rivershore comes with Our line next the Rick Research.

Rick Neaton

in included the that about your million in release the new that press described remarks? talking $XX of funnel and this you contract, In $XXX the phase million is

Brian Faith

that's good didn't that. cover takes Rick. and of No, question, I puts a the

was the million said eFPGA the And I've all the funnel. of $XXX not a percentage was. larger is what So is it there of some value contract, are net I think publicly in things of

add we the means this in a of to have that bit what $XX that. we quite comes which was million. as so And to get million to fact, close million, we funnel, out $XXX $XXX more And had done net

$XXX been there's that business booked last this of point. million so into from this quite at funnel in taking account funnel a into million, So net to is addition bit the $XX quarter this moved it

Rick Neaton

was approximately $XX million funnel new to and million the a this then approximately $XX So contract. a addition there for subtraction

Brian Faith

Exactly. Yes.

Rick Neaton

front-end you in Is you this get the didn't QX recoup revenue contract loaded, so that can QX? in

Brian Faith

across spread the front-end the It's term not of loaded. It's contract.

essentially was to it the recoup QX. planned and QX a be time shifted the Think in as it of think don't So contract in just place of that the this we number had line.

it of start the the shifts, in more and well. shifted, as So it so the which future of also end revenue means

going that's to So QX. it a be This with the about we already into like what place were number way we opposed QX before is to switching contract the as to in thought doing window prior. think sliding

Rick Neaton

Okay.

this going same is it about the you're number what QX your so that way to And saying? now to looks from be the Is contract.

Brian Faith

Yes.

look which we like is all have idea what will affirming expectations that profitability into, into also why going greater what good XX% contract. full we an call and because like this are very this revenue growth now than from again, executed on visibility is in year actual the for a factored have of We of and that to XXXX, look QX contract,

Rick Neaton

of this in if of processing expected what is revenue you receive not saying? what contract. sales Is the revenue your approximately I'm you And to coming and that QX. accelerated $X $X that Is from to that million receive you're to funnel you're that saying? So in expect the another the half that you second replace numbers, approximately million the have means from

Brian Faith

Yes.

QX. out replacing that have million We that are other shifted of $X that things

the actually as last an call. what given higher model had we internal than Our on outlook was

buffer change which would to number. had this we account didn't have happen, why XX% that anything than XX% in for like is So we greater there to the or

this contract, other there year. So growth of the eFPGA that we talked half are things about also large to are besides one in second $XX just million the contributing the revenue

Rick Neaton

basically you're you seeing you first what non-GAAP what along X of on by the line in more are the mean mean net Can Now profitability, you Is by non-GAAP substantial? saying? the of offset losses that a color times little by what give terms half. QX substantial in something you

Elias Nader

but of basis we way, into at substantially you mainly is particular it Rick, and EPS the better be What don't contract one half year, missed than half. Well, sure, this, first want deep we I'll that look counting at the would on. QX on for non-GAAP dig this be to look a just the tell because the second profitable we're you will

at third X So the X. be I times should or X you don't -- looking calculating times think that

key more it's has stand of will it GAAP non-GAAP probably mean, like say the think QX. made that and profitability, profitability company one I times out I the in

Rick Neaton

for said year. you But profitability non-GAAP the Right. substantial full

Elias Nader

the Well, when half is -- because course, I'm you why to the you losses. look compare first half substantial, of that's saying when at half, second first it’s the

full a for So is size. step the non-GAAP company, especially a our profitability company huge

Rick Neaton

Okay.

-- So saying, is it what go ahead. something you're

Brian Faith

words put my not something we're be the here. $X.XX, that the Let it me I'm forecasting own EPS to for The Correct of just for year. Elias. north in just just the me $X.XX, wrong, if not year,

Elias Nader

Yes.

Rick Neaton

of in about balance question second last and on $X.X some million that? quarter a detail equipment quarter. Elias. provide Can There's big first between and you increase the One sheet, property

Elias Nader

You of…? mean on the statement

Rick Neaton

assets. sheet. on Balance on No, the asset, your

some have you to to a bought appear You assets. bought have Can $X.X lot, appear you... million of

Elias Nader

classify a that be period. to rule, it that functional, as to when assets and a under a as fully buy some is software, worked this okay? What let's basically company example, you, that is Yes. on. you asset, certain -- or this bring way, it change, classification Yes. over put When assets is, thing the can it these you Well, an is well, GAAP a company, for tool,

every mainly I've this back that saying be of X.X years remember, and many joined of down, of ago, when changing classification. are So because if this or could sort been our classifications quarter I up you

doing a again, difference. million bought we classified that of we're these particular the tools/working correct We you million, tools asset. believe as the software out, cost what on that as thing, take total see And is an but that why something and not didn't are now big gap, That's an we asset. can I'd $X.X classify $X.X right? Based these go assets

Operator

comes from Our next Shannon question line Richard Craig-Hallum. of with the

Richard Shannon

have third that prior quarter may But a fourth work ones following I number questions couple the it here a model you're thought get quarter. earlier range some I right to and was And thought trying I decent missed the growth of earlier through up see, my implies in Let's $X.X some I responses your I questions was part growth here. like of math And XX% I million to maybe here. for revenue my question guess heard here. a of the flat. sounds suggesting hitting

that at here fourth you're So I quarter least revenues, the the right $X.X doing am million. math seeing

Brian Faith

sequentially can than flat to in XX% a QX we're I a greater achieve don't think so for trying -- It's that revenue QX. year. imply up we we're forecasting

Richard Shannon

calculating I what That's Okay. too. was

on So sure one. make I that to just want

pipeline. Brian, taken $XX So adding I here on your your pipeline questions And out appreciate question the million. the contract the $XX million one the in response that of prior about you're to of

if there. assuming any royalties you But additions chiplets in versus which could So agree related is storefront the is IP to to I embedded of could licensing it wonder additions. also eFPGA characterize as if if not maybe this some -- or to all most, you characterize it I'm

Brian Faith

firstly, we any don't in our So sales forecast royalties pipeline.

FPGA new by into IP or funnel for I handful the is design -- this as already were FPGA the mix of that. process market. was another opportunity would foundry half then being IP one display of from these bridge opportunity is perspective things for involve also a large the percentage highly a the and XXX specific at opportunities. design of defense we anything include call, from device The Martin in the the point. last industrial million half technologies. these all so driven process not some bridge, side is royalties. have And There that coming to ones market. display of There a there deals. asking display what in the But there's part say again, nondefense. the the and about million XXX is actually From or storefront And the prior is related into by falling type different today. device the Most of since the probably adding bridge for several from are that some supportive new is the would FPGA business. covered very for different really coming is embedded of it's we one zero There. a an that that So on consumer of defense increase

a the since front. is it's release is the way growth, felt the but the to of X- growth, again, aspects Is it's the business. more like these that in we're getting the SensiML now funnel company under part a we eFPGA goes, collaborate not put customers it time SensiML contract a X-digit right interest is the we X- without the is scale That press not in that within SensiML out really and to NDAs. as the of of as part and chiplet other with funnel growth, with of there which the that intending part about And talk then of lastly, big why of can magnitude same part

Richard Shannon

here, clarify, there is described Okay. pieces sure it but just of to related not how I'm And the some if about? you're XX-nanometer you talking these in to anything opportunities was implicit

Brian Faith

movement in last around year on And the call, quarter, excuse revenue we've positive XX-nanometer. there close movement. come this -- there's that can on intentionally year as ones to There new XX-nanometer, then But was now been on believe me, we that in customer. fiscal up a, definitely, to well. wrap vague quarter being Yes. and intending this this is. actually have had last XX-nanometer we port one we're for calendar since these in when answering XX-nanometer for multiple And questions some There I an foundry the we're that contributed I'm elite doing were:

Richard Shannon

I you're some to fourth for appreciate you're giving you the what about thinking clues quarter.

envelope So of interested are I'll and seeing It true you consistently in about sounds think year. next look love but nice, your growing thoughts be on I'd the growth year next the each what to the And profitable quarter kind people bit be and very have confidence going to have hear a here chat profitable. you push next great funnel I additions and maybe to you form most little or you're sustainable like here, year?

Brian Faith

ones in like there's that going XXXX. that previously. ones at things on revenue these XX-nanometer contract layering start that. So had million of closing and because can funnel. I'm that the royalties And reason more I defense But multiple we of now into expect great. see goes you layering highly quarter. confident to emphasize can some of other we're from Richard. we're things in said larger to to beyond contribute opportunities these be of kick that, stage, other going in the we'll I other that growing the be start the fully is revenue effect contract year, that now we the some to actually to designs is that see We a and so continuing next in are point that that's And $XX so won to these like things want doing It see that every growing into top point parallel to in some

at we're of those conviction the the hitting these, sustainably rate the that's me we And the so what's which we funnel in and that threshold. opportunities cross with will be once giving profitable all

have plan to moment stay it's you As forecast as waiting this been know, I intention a investors profitability and our our our there. this time I've and know long with and for

Richard Shannon

And question, the here. line last jump the on I'll

and there's think I maybe you, for Elias a of both question Elias.

up potential, talked of pick at bubbles to open million you some growth in for might about bit the getting point. projects future outlook you profitability little number know, it obviously a kind and with OpEx the potential I don't $X good and suggests think a I here

what we you Just may might and that? magnitude the of thinking be can what just period over about talk there see you time

Elias Nader

XXXX. I don't we'll it think in see

so I about $X think a we're million keep going quarter. or to in OpEx

see if software year, it different engineers, to need a hire people, we buy, will tools will we on or where we think which I lot location right? the your when buys. You business next OpEx, growing basically regard, get would of investment this to start that even we would In to do we of with smart require a us million use say people. $X.X I hire cash to

are We Richard. profitable, still

$X.X then not in coming it. about I'm So then up goes yet, maybe worried while year, the and about for that I where next million to sometime see million it increase about stays OpEx. $X.X a it maybe million, $X.X and around that's

So spending. no rushing for

Brian Faith

to a that. I'll add And of color bit little

Sorry go ahead.

Richard Shannon

go please Brian. No ahead,

Brian Faith

the to So color like philosophy. of is I'd add on that that just in terms

role basis. a always on things a or full-time is needed until we certain a task philosophy, a outsource look As to

in will faster rate, funnel the fact, have terms a in roles to know very very for we in six or efficiency. sort so will roles, increase so capacity of And of months increase the that at we rifle-shot approaches been hiring, or to recently sales our more okay, do last specific

those There's And for now. hiring have role hires. right a so we're made we that

need the at look close for States hire from we more. and in, we we of people of know so that grow sort where expand frontline the Careers engage coming you If United the have the our manager now America. of sales recipe lot think we that deals, that is page at to coming sales to we're more manager like and the that even have a especially the fact funnel. point IP for now much these for And we And North a and close to

careful since very the is And OpEx extra that and yes, so to color choosing future. make sustainably we're aware, we're everything model, I built people location going is and that's think hire. I It's sure about everybody to right the the to into the make just towards growing want it contributing

this, people gross thing I this our of which sort margin actually or margin were how back this, there's a deck, operating think And so dollar of you if are could then OpEx. spend And from gross you leverage, couple that, of that much operating in notion is I'll investor just is getting see every we charging for months look generating you degree ago, in add expenses. one leverage are of of dollars high many to other how we our the around

will above just for to and we dollars for gross it for be one, more to year you are the to are than you I side. be want definitely the next stay continue QX what And think OpEx nice on announcing generate see chart is to year what margin which and you continuing that really spending where now that are like see the

Operator

Ladies like is for would turn Faith, have comments. all Brian for that I and gentlemen, the to CEO, floor time closing to back we over questions. the

Brian Faith

and your when want to speaking third forward thank report I you November. participating results XXXX in for call in look we our quarter to support. today's fiscal for continued We

this day. Wainwright will attending later the at XX XX. this the and on later next on be Virginia Assured presenting Jefferies you. Awareness the in We Day McLean, November Thank September following month, week, over Craig-Hallum great Trusted Have a Microelectronics H.C. months, conferences few including and

Operator

teleconference. This concludes today's

time. participation. your this your may you Thank You disconnect at lines for

QuickLogic (QUIK) 14 Aug 232023 Q2 Earnings call transcript