$QUIK
QUICKLOGIC Corp Stock $quik

$quik Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000088250815000012 Filed on May 05, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$6.159M	$11.16M
YoY Change	-44.83%	270.04%
Cost Of Revenue	$3.280M	$7.106M
YoY Change	-53.84%	257.8%
Gross Profit	$2.879M	$4.058M
YoY Change	-29.05%	293.6%
Gross Profit Margin	46.74%	36.35%
Selling, General & Admin	$2.960M	$3.465M
YoY Change	-14.57%	36.96%
% of Gross Profit	102.81%	85.39%
Research & Development	$3.477M	$2.641M
YoY Change	31.65%	31.52%
% of Gross Profit	120.77%	65.08%
Depreciation & Amortization	$370.0K	$360.0K
YoY Change	2.78%	12.5%
% of Gross Profit	12.85%	8.87%
Operating Expenses	$6.437M	$6.106M
YoY Change	5.42%	34.35%
Operating Profit	-$3.558M	-$2.048M
YoY Change	73.73%	-41.72%
Interest Expense	$14.00K	$16.00K
YoY Change	-12.5%	77.78%
% of Operating Profit
Other Income/Expense, Net	-$26.00K	-$26.00K
YoY Change	0.0%	550.0%
Pretax Income	-$3.598M	-$2.090M
YoY Change	72.15%	-40.74%
Income Tax	$40.00K	$20.00K
% Of Pretax Income
Net Earnings	-$3.638M	-$2.110M
YoY Change	72.42%	-41.13%
Net Earnings / Revenue	-59.07%	-18.9%
Basic Earnings Per Share	-$0.06	-$0.04
Diluted Earnings Per Share	-$0.06	-$0.04
COMMON SHARES
Basic Shares Outstanding	56.19M shares	54.43M shares
Diluted Shares Outstanding	56.19M shares	54.43M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$28.20M	$37.10M
YoY Change	-23.99%	85.5%
Cash & Equivalents	$28.22M	$37.11M
Short-Term Investments
Other Short-Term Assets	$104.0K	$78.00K
YoY Change	33.33%	151.61%
Inventory	$3.349M	$5.224M
Prepaid Expenses	$946.0K	$846.0K
Receivables	$1.684M	$3.327M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$34.30M	$46.59M
YoY Change	-26.38%	88.42%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.974M	$2.568M
YoY Change	15.81%	6.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$227.0K	$216.0K
YoY Change	5.09%	4.35%
Total Long-Term Assets	$3.201M	$2.784M
YoY Change	14.98%	6.63%
TOTAL ASSETS
Total Short-Term Assets	$34.30M	$46.59M
Total Long-Term Assets	$3.201M	$2.784M
Total Assets	$37.50M	$49.37M
YoY Change	-24.05%	80.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.800M	$2.500M
YoY Change	-28.0%	78.57%
Accrued Expenses	$1.710M	$2.644M
YoY Change	-35.33%	105.12%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$200.0K	$1.200M
YoY Change	-83.33%	500.0%
Total Short-Term Liabilities	$3.819M	$6.338M
YoY Change	-39.74%	116.98%
LONG-TERM LIABILITIES
Long-Term Debt	$1.100M	$100.0K
YoY Change	1000.0%	0.0%
Other Long-Term Liabilities	$160.0K	$115.0K
YoY Change	39.13%	-31.14%
Total Long-Term Liabilities	$160.0K	$115.0K
YoY Change	39.13%	-31.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.819M	$6.338M
Total Long-Term Liabilities	$160.0K	$115.0K
Total Liabilities	$5.116M	$6.553M
YoY Change	-21.93%	103.32%
SHAREHOLDERS EQUITY
Retained Earnings	-$206.5M	-$191.9M
YoY Change	7.61%	5.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$32.38M	$42.82M
YoY Change
Total Liabilities & Shareholders Equity	$37.50M	$49.37M
YoY Change	-24.05%	80.61%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	-$3.638M	-$2.110M
YoY Change	72.42%	-41.13%
Depreciation, Depletion And Amortization	$370.0K	$360.0K
YoY Change	2.78%	12.5%
Cash From Operating Activities	-$1.691M	-$2.845M
YoY Change	-40.56%	0.57%
INVESTING ACTIVITIES
Capital Expenditures	$51.00K	$12.00K
YoY Change	325.0%	-80.65%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$51.00K	-$10.00K
YoY Change	410.0%	-83.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$2.561M
YoY Change	-100.0%	36485.71%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$93.00K	$2.561M
YoY Change	-103.63%	-9246.43%
NET CHANGE
Cash From Operating Activities	-$1.691M	-$2.845M
Cash From Investing Activities	-$51.00K	-$10.00K
Cash From Financing Activities	-$93.00K	$2.561M
Net Change In Cash	-$1.835M	-$294.0K
YoY Change	524.15%	-89.93%
FREE CASH FLOW
Cash From Operating Activities	-$1.691M	-$2.845M
Capital Expenditures	$51.00K	$12.00K
Free Cash Flow	-$1.742M	-$2.857M
YoY Change	-39.03%	-1.18%

Facts In Submission

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CY2015Q1	dei	Amendment Flag AmendmentFlag	false
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CY2015Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-29
CY2015Q1	dei	Document Type DocumentType	10-Q
CY2015Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000882508
CY2015Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2015Q1	dei	Entity Registrant Name EntityRegistrantName	QUICKLOGIC CORPORATION
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CY2014Q1	quik	Purchase Of Equipment Included In Accounts Payable PurchaseOfEquipmentIncludedInAccountsPayable	79000	USD
CY2015Q1	quik	Purchase Of Equipment Included In Accounts Payable PurchaseOfEquipmentIncludedInAccountsPayable	71000	USD
CY2013Q3	quik	Shelf Registration Maximum Offering ShelfRegistrationMaximumOffering	40000000.0	USD
CY2015Q1	quik	Unrecognized Tax Benefits Expiringfrom Lapseof Applicable Statuteof Limitationin Next Twelve Months UnrecognizedTaxBenefitsExpiringfromLapseofApplicableStatuteofLimitationinNextTwelveMonths	17000	USD
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CY2015Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1684000	USD
CY2014Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1574000	USD
CY2015Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1710000	USD
CY2014Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	15467000	USD
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CY2014Q4	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2015Q1	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1146000	USD
CY2015Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1050000	USD
CY2014Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1042000	USD
CY2015Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	946000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2561000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	-46000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	2000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18684000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18303000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3217000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2974000	USD
CY2014Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	0	USD
CY2015Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	47000	USD
CY2014Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2641000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3477000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-202908000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-206546000	USD
CY2014Q1	us-gaap	Sales Revenue Net SalesRevenueNet	11164000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	6159000	USD
CY2014Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3465000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2960000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	732000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	497000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P4Y
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	12000	shares
CY2015Q1	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
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	81000	shares
CY2015Q1	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	2.21
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	650000	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	690000	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	3.47
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	3.38
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	29000	shares
CY2015Q1	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	2.24
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	4682000	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	2.57
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	2800000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	1000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	6000	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	80000	shares
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	2.92
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0.90
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	800000	USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	5682000	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	5755000	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.67
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.66
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	800000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	5545000	shares
CY2015Q1	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
CY2015Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	2.35
CY2015Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	2.96
CY2015Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.00
CY2015Q1	us-gaap	Share Price SharePrice	1.93
CY2013Q4	us-gaap	Share Price SharePrice	2.90
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	800000	USD
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P4Y6M11D
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y3M11D
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P5Y1M24D
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	32383000	USD
CY2014Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	51000	USD
CY2015Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	52000	USD
CY2015Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	26000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54433000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56190000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54433000	shares
CY2013Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	8740000	shares
CY2015Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1000	shares
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	35567000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56190000	shares
CY2015Q1	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 and the fiscal quarters each end on the Sunday closest to the end of each calendar quarter. QuickLogic's </font><font style="font-family:inherit;font-size:10pt;">first</font><font style="font-family:inherit;font-size:10pt;"> fiscal quarters for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2015</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;">2014</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;">March 29, 2015</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;">March 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2015Q1	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 U.S. 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>

Files In Submission

Name	View Source	Status
0000882508-15-000012-index-headers.html	Edgar Link	pending
0000882508-15-000012-index.html	Edgar Link	pending
0000882508-15-000012.txt	Edgar Link	pending
0000882508-15-000012-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
quik-20150329.xml	Edgar Link	completed
quik-20150329.xsd	Edgar Link	pending
quik-20150329_cal.xml	Edgar Link	unprocessable
quik-20150329_def.xml	Edgar Link	unprocessable
quik-20150329_lab.xml	Edgar Link	unprocessable
quik-20150329_pre.xml	Edgar Link	unprocessable
quik_20150329x10q.htm	Edgar Link	pending
quik_20150329x10qex311.htm	Edgar Link	pending
quik_20150329x10qex312.htm	Edgar Link	pending
quik_20150329x10qex32.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2015 Q1 Form 10-Q Financial Statement

#000088250815000012 Filed on May 05, 2015

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2015 Q1 Form 10-Q Financial Statement

#000088250815000012 Filed on May 05, 2015

Income Statement

Balance Sheet

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Files In Submission

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