QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited) | ||||||||
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|
| September 29, 2024 |
|
| December 31, 2023 |
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ASSETS |
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|
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|
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Current assets: |
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|
|
|
|
|
|
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Cash, cash equivalents and restricted cash |
| $ | 22,364 |
|
| $ | 24,606 |
|
Accounts receivable, net of allowance for doubtful accounts of $24 and $34, as of September 29, 2024 and December 31, 2023, respectively |
|
| 657 |
|
|
| 1,625 |
|
Contract assets |
|
| 2,331 |
|
|
| 3,609 |
|
Note receivable, current |
|
| — |
|
|
| 1,200 |
|
Inventories |
|
| 1,780 |
|
|
| 2,029 |
|
Prepaid expenses and other current assets |
|
| 2,919 |
|
|
| 1,561 |
|
Total current assets |
|
| 30,051 |
|
|
| 34,630 |
|
Property and equipment, net |
|
| 14,137 |
|
|
| 8,948 |
|
Capitalized internal-use software, net |
|
| 2,352 |
|
|
| 2,069 |
|
Right of use assets, net |
|
| 828 |
|
|
| 981 |
|
Intangible assets, net |
|
| 457 |
|
|
| 537 |
|
Non-marketable equity investment |
|
| 300 |
|
|
| 300 |
|
Goodwill |
|
| 185 |
|
|
| 185 |
|
Note receivable, non-current |
|
| 1,260 |
|
|
| — |
|
Other assets |
|
| 143 |
|
|
| 142 |
|
TOTAL ASSETS |
| $ | 49,713 |
|
| $ | 47,792 |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
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|
|
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|
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Current liabilities: |
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|
|
|
|
|
|
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Revolving line of credit |
| $ | 20,000 |
|
| $ | 20,000 |
|
Trade payables |
|
| 2,877 |
|
|
| 4,657 |
|
Accrued liabilities |
|
| 1,457 |
|
|
| 2,673 |
|
Deferred revenue |
|
| 449 |
|
|
| 1,052 |
|
Notes payable, current |
|
| 1,798 |
|
|
| 946 |
|
Lease liabilities, current |
|
| 275 |
|
|
| 302 |
|
Total current liabilities |
|
| 26,856 |
|
|
| 29,630 |
|
Long-term liabilities: |
|
|
|
|
|
|
|
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Lease liabilities, non-current |
|
| 529 |
|
|
| 681 |
|
Notes payable, non-current |
|
| 1,314 |
|
|
| 461 |
|
Other long-term liabilities |
|
| 125 |
|
|
| 125 |
|
Total liabilities |
|
| 28,824 |
|
|
| 30,897 |
|
Commitments and contingencies |
|
|
|
|
|
|
|
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Stockholders' equity: |
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|
|
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|
|
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Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and outstanding |
|
| — |
|
|
| — |
|
Common stock, $0.001 par value; 200,000 authorized; 14,697 and 14,118 shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively |
|
| 15 |
|
|
| 14 |
|
Additional paid-in capital |
|
| 329,965 |
|
|
| 322,436 |
|
Accumulated deficit |
|
| (309,091) |
|
|
| (305,555) |
|
Total stockholders' equity |
|
| 20,889 |
|
|
| 16,895 |
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
| $ | 49,713 |
|
| $ | 47,792 |
|
QuickLogic Reports Financial Results for its Fiscal Third Quarter 2024
| | More IC News |
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