$QUIK
QUICKLOGIC Corp Stock $quik

$quik Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000088250813000006 Filed on May 08, 2013

Income Statement

Concept	2013 Q1	2012 Q2
Revenue	$3.017M	$4.130M
YoY Change	-30.64%	-25.55%
Cost Of Revenue	$1.986M	$2.371M
YoY Change	-14.76%	22.28%
Gross Profit	$1.031M	$1.759M
YoY Change	-48.96%	-51.25%
Gross Profit Margin	34.17%	42.59%
Selling, General & Admin	$2.530M	$2.697M
YoY Change	-0.78%	3.45%
% of Gross Profit	245.39%	153.33%
Research & Development	$2.008M	$2.802M
YoY Change	-18.04%	55.41%
% of Gross Profit	194.76%	159.3%
Depreciation & Amortization	$320.0K	$290.0K
YoY Change	18.52%	-14.71%
% of Gross Profit	31.04%	16.49%
Operating Expenses	$4.545M	$5.499M
YoY Change	-9.1%	24.69%
Operating Profit	-$3.514M	-$3.740M
YoY Change	17.92%	366.33%
Interest Expense	$9.000K	$13.00K
YoY Change	-190.0%	62.5%
% of Operating Profit
Other Income/Expense, Net	-$4.000K	-$13.00K
YoY Change	-95.56%	225.0%
Pretax Income	-$3.527M	-$3.766M
YoY Change	14.51%	362.65%
Income Tax	$57.00K	-$45.00K
% Of Pretax Income
Net Earnings	-$3.584M	-$3.721M
YoY Change	15.24%	323.8%
Net Earnings / Revenue	-118.79%	-90.1%
Basic Earnings Per Share	-$0.08	-$0.10
Diluted Earnings Per Share	-$0.08	-$0.10
COMMON SHARES
Basic Shares Outstanding	44.52M shares	38.50M shares
Diluted Shares Outstanding	44.52M shares	38.50M shares

Balance Sheet

Concept	2013 Q1	2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.00M	$17.80M
YoY Change	-2.91%	-23.93%
Cash & Equivalents	$19.66M	$17.22M
Short-Term Investments	$300.0K	$600.0K
Other Short-Term Assets	$31.00K	$1.049M
YoY Change	-18.42%	16.56%
Inventory	$2.525M	$3.117M
Prepaid Expenses	$815.0K
Receivables	$1.392M	$1.660M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$24.73M	$23.62M
YoY Change	-6.95%	-25.74%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.404M	$2.812M
YoY Change	10.22%	22.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$207.0K	$231.0K
YoY Change	-1.9%	15.5%
Total Long-Term Assets	$2.611M	$3.043M
YoY Change	9.16%	21.72%
TOTAL ASSETS
Total Short-Term Assets	$24.73M	$23.62M
Total Long-Term Assets	$2.611M	$3.043M
Total Assets	$27.34M	$26.66M
YoY Change	-5.62%	-22.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.400M	$2.400M
YoY Change	-44.0%	14.29%
Accrued Expenses	$1.289M	$1.417M
YoY Change	15.3%	77.13%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$200.0K	$400.0K
YoY Change	100.0%	100.0%
Total Short-Term Liabilities	$2.921M	$4.239M
YoY Change	-21.71%	8.69%
LONG-TERM LIABILITIES
Long-Term Debt	$100.0K	$500.0K
YoY Change	0.0%
Other Long-Term Liabilities	$167.0K	$139.0K
YoY Change	12.84%	39.0%
Total Long-Term Liabilities	$167.0K	$139.0K
YoY Change	12.84%	39.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.921M	$4.239M
Total Long-Term Liabilities	$167.0K	$139.0K
Total Liabilities	$3.223M	$4.884M
YoY Change	-19.93%	19.12%
SHAREHOLDERS EQUITY
Retained Earnings	-$181.1M	-$169.0M
YoY Change	9.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$24.11M	$21.78M
YoY Change
Total Liabilities & Shareholders Equity	$27.34M	$26.66M
YoY Change	-5.62%	-22.28%

Cashflow Statement

Concept	2013 Q1	2012 Q2
OPERATING ACTIVITIES
Net Income	-$3.584M	-$3.721M
YoY Change	15.24%	323.8%
Depreciation, Depletion And Amortization	$320.0K	$290.0K
YoY Change	18.52%	-14.71%
Cash From Operating Activities	-$2.829M	-$2.834M
YoY Change	106.5%	639.95%
INVESTING ACTIVITIES
Capital Expenditures	$62.00K	$69.00K
YoY Change	-126.96%	-77.74%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$62.00K	-$69.00K
YoY Change	-73.04%	-77.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$7.000K	$39.00K
YoY Change		-97.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$28.00K	-$77.00K
YoY Change	-112.17%	-106.23%
NET CHANGE
Cash From Operating Activities	-$2.829M	-$2.834M
Cash From Investing Activities	-$62.00K	-$69.00K
Cash From Financing Activities	-$28.00K	-$77.00K
Net Change In Cash	-$2.919M	-$2.980M
YoY Change	113.07%	-649.82%
FREE CASH FLOW
Cash From Operating Activities	-$2.829M	-$2.834M
Capital Expenditures	$62.00K	$69.00K
Free Cash Flow	-$2.891M	-$2.903M
YoY Change	153.6%	318.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q1	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	1393000	USD
CY2012Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	1965000	USD
CY2012Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1242000	USD
CY2013Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1392000	USD
CY2013Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1289000	USD
CY2012Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1214000	USD
CY2012Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	17230000	USD
CY2013Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	17546000	USD
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-11000	USD
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-54000	USD
CY2013Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	51000	USD
CY2012Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	20000	USD
CY2012Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	204797000	USD
CY2013Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	205259000	USD
CY2012Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	384000	USD
CY2013Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	452000	USD
CY2013Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7500000	shares
CY2012Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7700000	shares
CY2013Q1	us-gaap	Assets Assets	27336000	USD
CY2012Q4	us-gaap	Assets Assets	31024000	USD
CY2012Q4	us-gaap	Assets Current AssetsCurrent	28179000	USD
CY2013Q1	us-gaap	Assets Current AssetsCurrent	24725000	USD
CY2013Q1	us-gaap	Available For Sale Securities Equity Securities Current AvailableForSaleSecuritiesEquitySecuritiesCurrent	303000	USD
CY2012Q4	us-gaap	Available For Sale Securities Equity Securities Current AvailableForSaleSecuritiesEquitySecuritiesCurrent	345000	USD
CY2013Q1	us-gaap	Capital Lease Obligations CapitalLeaseObligations	374000	USD
CY2012Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	426000	USD
CY2012Q2	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	917000	USD
CY2013Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	374000	USD
CY2012Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	266000	USD
CY2013Q1	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	135000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22578000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	19659000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20203000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17223000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2980000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2919000	USD
CY2013Q1	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	2304900	shares
CY2012Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2012Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	44506000	shares
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	44533000	shares
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	44533000	shares
CY2012Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	44506000	shares
CY2012Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	45000	USD
CY2013Q1	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	45000	USD
CY2012Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3623000	USD
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3627000	USD
CY2013Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1986000	USD
CY2012Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2371000	USD
CY2013Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	374000	USD
CY2012Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	426000	USD
CY2013Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	317000	USD
CY2012Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	290000	USD
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.10
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.08
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.08
CY2012Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.10
CY2012Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1035000	USD
CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1075000	USD
CY2012Q2	us-gaap	Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions	38000	USD
CY2013Q1	us-gaap	Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions	25000	USD
CY2013Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	57000	USD
CY2013Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	1900000	USD
CY2013Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	57000	USD
CY2013Q1	us-gaap	Fiscal Period FiscalPeriod	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">QuickLogic's fiscal year ends on the Sunday closest to December 31. QuickLogic's </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">first</font><font style="font-family:inherit;font-size:10pt;"> fiscal quarter for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;"> ended Sunday, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">April 1, 2012</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2012Q2	us-gaap	Gross Profit GrossProfit	1759000	USD
CY2013Q1	us-gaap	Gross Profit GrossProfit	1031000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3527000	USD
CY2012Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3766000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	57000	USD
CY2012Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-45000	USD
CY2012Q2	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-420000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-572000	USD
CY2012Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	85000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	181000	USD
CY2012Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	336000	USD
CY2013Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	77000	USD
CY2012Q2	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-8000	USD
CY2013Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	0	USD
CY2013Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-160000	USD
CY2012Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-318000	USD
CY2012Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	195000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-102000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	26000	USD
CY2012Q2	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-9000	USD
CY2012Q2	us-gaap	Interest Expense InterestExpense	13000	USD
CY2013Q1	us-gaap	Interest Expense InterestExpense	9000	USD
CY2013Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	332000	USD
CY2012Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	397000	USD
CY2012Q4	us-gaap	Inventory Net InventoryNet	3028000	USD
CY2013Q1	us-gaap	Inventory Net InventoryNet	2525000	USD
CY2013Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	28000	USD
CY2012Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	32000	USD
CY2013Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	2165000	USD
CY2012Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	2599000	USD
CY2012Q2	us-gaap	Inventory Write Down InventoryWriteDown	329000	USD
CY2013Q1	us-gaap	Inventory Write Down InventoryWriteDown	343000	USD
CY2012Q4	us-gaap	Liabilities Liabilities	3746000	USD
CY2013Q1	us-gaap	Liabilities Liabilities	3223000	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	31024000	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	27336000	USD
CY2012Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3339000	USD
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2921000	USD
CY2013Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	135000	USD
CY2013Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	239000	USD
CY2012Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	266000	USD
CY2012Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	160000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-28000	USD
CY2012Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-77000	USD
CY2012Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2834000	USD
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	-3721000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	-3584000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-62000	USD
CY2012Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-69000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2829000	USD
CY2013Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2012Q2	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3514000	USD
CY2012Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-3740000	USD
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	2530000	USD
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	891000	USD
CY2013Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	690000	USD
CY2012Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	125000	USD
CY2013Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	233000	USD
CY2012Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	179000	USD
CY2013Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	214000	USD
CY2013Q1	us-gaap	Other Assets Current OtherAssetsCurrent	31000	USD
CY2012Q4	us-gaap	Other Assets Current OtherAssetsCurrent	32000	USD
CY2013Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	207000	USD
CY2012Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	186000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-43000	USD
CY2012Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	98000	USD
CY2013Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	167000	USD
CY2012Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	141000	USD
CY2013Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4000	USD
CY2012Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-13000	USD
CY2012Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	929000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	62000	USD
CY2012Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	69000	USD
CY2012Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2013Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2013Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2012Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q1	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2012Q4	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	986000	USD
CY2013Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	846000	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	0.00
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	2000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	2.16
CY2013Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	815000	USD
CY2012Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	954000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7000	USD
CY2012Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	39000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	19950000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	19889000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2404000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2659000	USD
CY2012Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	10000	USD
CY2013Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	31000	USD
CY2013Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	35000	USD
CY2012Q2	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	116000	USD
CY2013Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2008000	USD
CY2012Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2802000	USD
CY2013Q1	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2012Q2	us-gaap	Restructuring Costs RestructuringCosts	0	USD
CY2013Q1	us-gaap	Restructuring Costs RestructuringCosts	7000	USD
CY2012Q4	us-gaap	Restructuring Reserve RestructuringReserve	0	USD
CY2013Q1	us-gaap	Restructuring Reserve RestructuringReserve	7000	USD
CY2013Q1	us-gaap	Restructuring Reserve Accrual Adjustment RestructuringReserveAccrualAdjustment	7000	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-177553000	USD
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-181137000	USD
CY2013Q1	us-gaap	Sales Revenue Net SalesRevenueNet	3017000	USD
CY2012Q2	us-gaap	Sales Revenue Net SalesRevenueNet	4130000	USD
CY2013Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2530000	USD
CY2012Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2697000	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	452000	USD
CY2012Q2	us-gaap	Share Based Compensation ShareBasedCompensation	384000	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	5000	shares
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	40000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	20000	shares
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.30
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.84
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	17000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	2.33
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	5204000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	2.53
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	14000	USD
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	30000	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	37000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	16000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1.27
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1.37
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	2188000	USD
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	6960000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	6921000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.55
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.55
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	2145000	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	6601000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	2.55
CY2013Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.42
CY2013Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	2.81
CY2013Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.36
CY2013Q1	us-gaap	Share Price SharePrice	2.46
CY2013Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	1990000	USD
CY2013Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y0M22D
CY2013Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y1M17D
CY2013Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P6Y
CY2012Q2	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	5122000	shares
CY2013Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	18000	shares
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	24113000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	27278000	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	79000	USD
CY2012Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	79000	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	35000	USD
CY2013Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Uses of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of these consolidated financial statements in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates, particularly in relation to revenue recognition, the allowance for doubtful accounts, sales returns, valuation of investments, valuation of long-lived assets, valuation of inventories including identification of excess quantities, market value and obsolescence, measurement of stock-based compensation awards, accounting for income taxes and estimating accrued liabilities.</font></div></div>
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44517000	shares
CY2012Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38495000	shares
CY2012Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38495000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44517000	shares
CY2013Q1	quik	Operating Leases Future Minimum Payments Due In Two Years And Thereafter OperatingLeasesFutureMinimumPaymentsDueInTwoYearsAndThereafter	949000	USD
CY2012Q2	quik	Proceeds From Issuance Of Common Stock And Warrants Net Of Stock Issuance Costs ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfStockIssuanceCosts	11900000	USD
CY2012Q2	quik	Purchase Of Equipment Included In Accounts Payable PurchaseOfEquipmentIncludedInAccountsPayable	765000	USD
CY2013Q1	quik	Purchase Of Equipment Included In Accounts Payable PurchaseOfEquipmentIncludedInAccountsPayable	0	USD
CY2013Q1	quik	Tax Effect On Other Comprehensive Income TaxEffectOnOtherComprehensiveIncome	0	USD
CY2012Q2	quik	Tax Effect On Other Comprehensive Income TaxEffectOnOtherComprehensiveIncome	63000	USD
CY2013Q1	dei	Amendment Flag AmendmentFlag	false
CY2013Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-29
CY2013Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2013Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
CY2013Q1	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
CY2013Q1	dei	Document Type DocumentType	10-Q
CY2013Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000882508
CY2013Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	44533145	shares
CY2013Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2013Q1	dei	Entity Registrant Name EntityRegistrantName	QUICKLOGIC CORPORATION

Files In Submission

Name	View Source	Status
0000882508-13-000006-index-headers.html	Edgar Link	pending
0000882508-13-000006-index.html	Edgar Link	pending
0000882508-13-000006.txt	Edgar Link	pending
0000882508-13-000006-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
quik-20130331.xml	Edgar Link	completed
quik-20130331.xsd	Edgar Link	pending
quik-20130331_cal.xml	Edgar Link	unprocessable
quik-20130331_def.xml	Edgar Link	unprocessable
quik-20130331_lab.xml	Edgar Link	unprocessable
quik-20130331_pre.xml	Edgar Link	unprocessable
quik_20130331x10q.htm	Edgar Link	pending
quik_20130331x10qex311.htm	Edgar Link	pending
quik_20130331x10qex312.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2013 Q1 Form 10-Q Financial Statement

#000088250813000006 Filed on May 08, 2013

Income Statement

Balance Sheet

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Facts In Submission

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$QUIK QUICKLOGIC Corp Stock $quik

2013 Q1 Form 10-Q Financial Statement

#000088250813000006 Filed on May 08, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QUIK
QUICKLOGIC Corp Stock $quik