QuickLogic Q2 2026: Revenue Up 49%, New Credit Facility, ATM Sales
QUIK has more than doubled off its 52-week low of $4.8.
Summary
QuickLogic's Q2 2026 10-Q confirms 49% revenue growth and adds new details on a $10 million credit facility, $9.5 million in ATM sales, and a $950 thousand gain on vendor payable extinguishment.
Key Events · Earnings and Guidance · QUIK
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Revenue Up 49% YoY
Q2 2026 revenue was $5.5 million, up 49% from $3.7 million in Q2 2025, driven by eFPGA IP and professional services revenue of $4.4 million.
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New $10M Credit Facility
Entered into a $10 million secured revolving credit facility with Sunflower Bank, maturing April 24, 2029, with $5.0 million outstanding at 7.25% interest.
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ATM Sales Raise $9.5M
Sold 903 thousand shares under the Amended ATM Offering in H1 2026, generating $9.5 million in net proceeds, diluting existing shareholders.
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Gain on Vendor Payable
Recognized a $950 thousand non-cash gain on extinguishment of a vendor payable, reducing the net loss for the quarter.
Analysis · QUIK · Manufacturing
QuickLogic's Q2 2026 10-Q confirms the strong revenue growth announced yesterday, with revenue up 49% year-over-year to $5.5 million, driven by eFPGA IP and professional services. The filing adds new material details: a new $10 million revolving credit facility with Sunflower Bank, $9.5 million raised through ATM sales in H1 2026, and a $950 thousand gain on extinguishment of vendor payable. The company remains unprofitable with a net loss of $0.9 million, but cash flow from operations turned positive at $2.2 million for the first half. The new credit facility and ATM proceeds strengthen liquidity, but the ATM sales also dilute existing shareholders.
At the time of this filing, QUIK was trading at $13.18 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $238.4M. The 52-week trading range was $4.80 to $24.33. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.