2014 Q2 Form 10-Q Financial Statement

#000088250814000009 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $6.836M $5.126M
YoY Change 33.36% 24.12%
Cost Of Revenue $3.820M $3.187M
YoY Change 19.86% 34.42%
Gross Profit $3.016M $1.939M
YoY Change 55.54% 10.23%
Gross Profit Margin 44.12% 37.83%
Selling, General & Admin $2.848M $2.911M
YoY Change -2.16% 7.93%
% of Gross Profit 94.43% 150.13%
Research & Development $3.056M $1.842M
YoY Change 65.91% -34.26%
% of Gross Profit 101.33% 95.0%
Depreciation & Amortization $370.0K $310.0K
YoY Change 19.35% 6.9%
% of Gross Profit 12.27% 15.99%
Operating Expenses $5.904M $4.959M
YoY Change 19.06% -9.82%
Operating Profit -$2.888M -$3.020M
YoY Change -4.37% -19.25%
Interest Expense $17.00K $20.00K
YoY Change -15.0% 53.85%
% of Operating Profit
Other Income/Expense, Net -$36.00K -$52.00K
YoY Change -30.77% 300.0%
Pretax Income -$2.941M -$2.911M
YoY Change 1.03% -22.7%
Income Tax -$44.00K $330.0K
% Of Pretax Income
Net Earnings -$2.897M -$3.241M
YoY Change -10.61% -12.9%
Net Earnings / Revenue -42.38% -63.23%
Basic Earnings Per Share -$0.05 -$0.07
Diluted Earnings Per Share -$0.05 -$0.07
COMMON SHARES
Basic Shares Outstanding 55.38M shares 44.64M shares
Diluted Shares Outstanding 55.38M shares 44.64M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.30M $17.80M
YoY Change 92.7% 0.0%
Cash & Equivalents $34.33M $17.76M
Short-Term Investments $0.00
Other Short-Term Assets $77.00K $56.00K
YoY Change 37.5% -94.66%
Inventory $7.651M $3.603M
Prepaid Expenses $952.0K $865.0K
Receivables $1.976M $2.093M
Other Receivables $0.00 $0.00
Total Short-Term Assets $44.99M $24.38M
YoY Change 84.54% 3.23%
LONG-TERM ASSETS
Property, Plant & Equipment $3.101M $2.110M
YoY Change 46.97% -24.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $220.0K $270.0K
YoY Change -18.52% 16.88%
Total Long-Term Assets $3.321M $2.380M
YoY Change 39.54% -21.79%
TOTAL ASSETS
Total Short-Term Assets $44.99M $24.38M
Total Long-Term Assets $3.321M $2.380M
Total Assets $48.31M $26.76M
YoY Change 80.53% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.800M $2.700M
YoY Change 3.7% 12.5%
Accrued Expenses $1.895M $2.052M
YoY Change -7.65% 44.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.300M $200.0K
YoY Change 550.0% -50.0%
Total Short-Term Liabilities $5.960M $4.957M
YoY Change 20.23% 16.94%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K
YoY Change 0.0% -80.0%
Other Long-Term Liabilities $62.00K $167.0K
YoY Change -62.87% 20.14%
Total Long-Term Liabilities $62.00K $167.0K
YoY Change -62.87% 20.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.960M $4.957M
Total Long-Term Liabilities $62.00K $167.0K
Total Liabilities $6.169M $5.205M
YoY Change 18.52% 6.57%
SHAREHOLDERS EQUITY
Retained Earnings -$194.8M -$184.4M
YoY Change 5.67% 9.13%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.14M $21.55M
YoY Change
Total Liabilities & Shareholders Equity $48.31M $26.76M
YoY Change 80.53% 0.37%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$2.897M -$3.241M
YoY Change -10.61% -12.9%
Depreciation, Depletion And Amortization $370.0K $310.0K
YoY Change 19.35% 6.9%
Cash From Operating Activities -$3.800M -$2.450M
YoY Change 55.1% -13.55%
INVESTING ACTIVITIES
Capital Expenditures -$510.0K -$20.00K
YoY Change 2450.0% -128.99%
Acquisitions
YoY Change
Other Investing Activities $0.00 $270.0K
YoY Change -100.0%
Cash From Investing Activities -$510.0K $240.0K
YoY Change -312.5% -447.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.530M 310.0K
YoY Change 393.55% -502.6%
NET CHANGE
Cash From Operating Activities -3.800M -2.450M
Cash From Investing Activities -510.0K 240.0K
Cash From Financing Activities 1.530M 310.0K
Net Change In Cash -2.780M -1.900M
YoY Change 46.32% -36.24%
FREE CASH FLOW
Cash From Operating Activities -$3.800M -$2.450M
Capital Expenditures -$510.0K -$20.00K
Free Cash Flow -$3.290M -$2.430M
YoY Change 35.39% -16.29%

Facts In Submission

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<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&#160;31. QuickLogic's </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">second</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;">2014</font><font style="font-family:inherit;font-size:10pt;"> and 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;"> ended on Sunday, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;29, 2014</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;">June&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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522000 USD
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0 USD
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952000 USD
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us-gaap Proceeds From Issuance Of Common Stock
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348000 USD
us-gaap Proceeds From Issuance Of Common Stock
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4208000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
265000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000 USD
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PropertyPlantAndEquipmentNet
3101000 USD
us-gaap Provision For Doubtful Accounts
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11000 USD
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PropertyPlantAndEquipmentGross
18669000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17993000 USD
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2840000 USD
us-gaap Provision For Doubtful Accounts
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0 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
72000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
114000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3056000 USD
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1842000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5697000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3850000 USD
CY2013Q2 us-gaap Restructuring Costs
RestructuringCosts
206000 USD
us-gaap Restructuring Costs
RestructuringCosts
213000 USD
us-gaap Restructuring Costs
RestructuringCosts
0 USD
CY2014Q2 us-gaap Restructuring Costs
RestructuringCosts
0 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-189829000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-194837000 USD
us-gaap Sales Revenue Net
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18000000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5126000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
6836000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
8143000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2911000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5441000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6313000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2848000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
737000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1298000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
16000 shares
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
310000 shares
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
4.68
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
225000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
231000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.17
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
288000 shares
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
4.82
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4418000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
28000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3600000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
57000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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198000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.30
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.86
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.30
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13161000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5752000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7242000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.62
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.66
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
12839000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5575000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.64
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.56
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.56
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.87
CY2013Q4 us-gaap Share Price
SharePrice
2.90
CY2014Q2 us-gaap Share Price
SharePrice
4.94
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10632000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y11M1D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M26D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y8M19D
CY2012Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5122000 shares
CY2013Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8740000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1631000 shares
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
42138000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
40598000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
79000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
47000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
20000 USD
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;">&#160;</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>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44579000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55379000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44641000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54906000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54906000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44579000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55379000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44641000 shares
CY2012Q2 quik Proceeds From Issuance Of Common Stock And Warrants Net Of Stock Issuance Costs
ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfStockIssuanceCosts
11900000 USD
CY2013Q4 quik Proceeds From Issuance Of Common Stock And Warrants Net Of Stock Issuance Costs
ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfStockIssuanceCosts
23100000 USD
quik Purchase Of Equipment Included In Accounts Payable
PurchaseOfEquipmentIncludedInAccountsPayable
306000 USD
quik Purchase Of Equipment Included In Accounts Payable
PurchaseOfEquipmentIncludedInAccountsPayable
0 USD
CY2013Q3 quik Shelf Registration Maximum Offering
ShelfRegistrationMaximumOffering
40000000 USD
quik Tax Effect From Reclassificationof Unrealized Gainson Investmentsin Available
TaxEffectFromReclassificationofUnrealizedGainsonInvestmentsinAvailable
0 USD
quik Tax Effect From Reclassificationof Unrealized Gainson Investmentsin Available
TaxEffectFromReclassificationofUnrealizedGainsonInvestmentsinAvailable
273000 USD
CY2014Q2 quik Unrecognized Tax Benefits Expiringfrom Lapseof Applicable Statuteof Limitationin Next Twelve Months
UnrecognizedTaxBenefitsExpiringfromLapseofApplicableStatuteofLimitationinNextTwelveMonths
16000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-29
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000882508
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
55783500 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
QUICKLOGIC CORPORATION

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