$QUIK
QUICKLOGIC Corp Stock $quik

$quik Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000088250818000015 Filed on May 10, 2018

Income Statement

Concept	2018 Q2	2017 Q2
Revenue	$2.764M	$3.170M
YoY Change	-12.81%	7.46%
Cost Of Revenue	$1.375M	$1.797M
YoY Change	-23.48%	0.17%
Gross Profit	$1.389M	$1.373M
YoY Change	1.17%	18.77%
Gross Profit Margin	50.25%	43.31%
Selling, General & Admin	$2.561M	$2.414M
YoY Change	6.09%	-10.36%
% of Gross Profit	184.38%	175.82%
Research & Development	$2.699M	$2.427M
YoY Change	11.21%	-29.59%
% of Gross Profit	194.31%	176.77%
Depreciation & Amortization	$340.0K	$360.0K
YoY Change	-5.56%	16.13%
% of Gross Profit	24.48%	26.22%
Operating Expenses	$5.260M	$4.841M
YoY Change	8.66%	-21.16%
Operating Profit	-$3.871M	-$3.468M
YoY Change	11.62%	-30.42%
Interest Expense	$24.00K	$61.00K
YoY Change	-60.66%	60.53%
% of Operating Profit
Other Income/Expense, Net	-$14.00K	$0.00
YoY Change		-100.0%
Pretax Income	-$3.909M	-$3.529M
YoY Change	10.77%	-29.83%
Income Tax	$61.00K	$36.00K
% Of Pretax Income
Net Earnings	-$3.970M	-$3.565M
YoY Change	11.36%	-30.0%
Net Earnings / Revenue	-143.63%	-112.46%
Basic Earnings Per Share		-$0.05
Diluted Earnings Per Share	-$689.2K	-$0.05
COMMON SHARES
Basic Shares Outstanding	80.67M shares	68.79M shares
Diluted Shares Outstanding		68.79M shares

Balance Sheet

Concept	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.60M	$26.70M
YoY Change	-52.81%	14.59%
Cash & Equivalents	$12.56M	$26.67M
Short-Term Investments
Other Short-Term Assets	$230.0K	$141.0K
YoY Change	63.12%	35.58%
Inventory	$3.550M	$2.861M
Prepaid Expenses	$1.196M	$836.0K
Receivables	$1.254M	$1.807M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$18.79M	$32.32M
YoY Change	-41.86%	10.05%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.117M	$2.566M
YoY Change	-17.5%	-29.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$255.0K	$233.0K
YoY Change	9.44%	1.75%
Total Long-Term Assets	$2.372M	$2.799M
YoY Change	-15.26%	-27.58%
TOTAL ASSETS
Total Short-Term Assets	$18.79M	$32.32M
Total Long-Term Assets	$2.372M	$2.799M
Total Assets	$21.16M	$35.12M
YoY Change	-39.74%	5.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.300M	$2.500M
YoY Change	-48.0%	-24.24%
Accrued Expenses	$1.982M	$2.016M
YoY Change	-1.69%	10.28%
Deferred Revenue
YoY Change
Short-Term Debt	$6.000M	$6.000M
YoY Change	0.0%
Long-Term Debt Due	$300.0K	$200.0K
YoY Change	50.0%	-33.33%
Total Short-Term Liabilities	$9.570M	$11.00M
YoY Change	-13.02%	102.69%
LONG-TERM LIABILITIES
Long-Term Debt	$200.0K	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$65.00K	$45.00K
YoY Change	44.44%	-64.57%
Total Long-Term Liabilities	$65.00K	$45.00K
YoY Change	44.44%	-64.57%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.570M	$11.00M
Total Long-Term Liabilities	$65.00K	$45.00K
Total Liabilities	$9.870M	$11.09M
YoY Change	-10.99%	27.67%
SHAREHOLDERS EQUITY
Retained Earnings	-$258.0M	-$243.5M
YoY Change	5.97%	7.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$11.29M	$24.03M
YoY Change
Total Liabilities & Shareholders Equity	$21.16M	$35.12M
YoY Change	-39.74%	5.68%

Cashflow Statement

Concept	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	-$3.970M	-$3.565M
YoY Change	11.36%	-30.0%
Depreciation, Depletion And Amortization	$340.0K	$360.0K
YoY Change	-5.56%	16.13%
Cash From Operating Activities	-$3.754M	-$3.866M
YoY Change	-2.9%	-13.26%
INVESTING ACTIVITIES
Capital Expenditures	$48.00K	$15.00K
YoY Change	220.0%	-98.57%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$48.00K	-$15.00K
YoY Change	220.0%	-98.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$13.90M	$17.07M
YoY Change	-18.57%	70.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-164.0K	$15.69M
YoY Change	-101.05%	62.14%
NET CHANGE
Cash From Operating Activities	-3.754M	-$3.866M
Cash From Investing Activities	-48.00K	-$15.00K
Cash From Financing Activities	-164.0K	$15.69M
Net Change In Cash	-3.966M	$11.80M
YoY Change	-133.6%	183.34%
FREE CASH FLOW
Cash From Operating Activities	-$3.754M	-$3.866M
Capital Expenditures	$48.00K	$15.00K
Free Cash Flow	-$3.802M	-$3.881M
YoY Change	-2.04%	-29.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	quik	Shelf Registration Maximum Offering ShelfRegistrationMaximumOffering	40000000.0	USD
CY2017Q1	quik	Shelf Registration Numberof Offerings ShelfRegistrationNumberofOfferings	1	offering
CY2017Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	1437000	USD
CY2018Q2	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	1292000	USD
CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	925000	USD
CY2018Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1254000	USD
CY2017Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1653000	USD
CY2018Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1982000	USD
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	12480000	USD
CY2018Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	12469000	USD
CY2018Q2	dei	Amendment Flag AmendmentFlag	false
CY2018Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-30
CY2018Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q2	dei	Document Period End Date DocumentPeriodEndDate	2018-04-01
CY2018Q2	dei	Document Type DocumentType	10-Q
CY2018Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000882508
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	80674812	shares
CY2018Q2	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2018Q2	dei	Entity Registrant Name EntityRegistrantName	QUICKLOGIC CORPORATION
CY2017Q2	quik	Purchase Of Equipment Included In Accounts Payable PurchaseOfEquipmentIncludedInAccountsPayable	15000	USD
CY2018Q2	quik	Purchase Of Equipment Included In Accounts Payable PurchaseOfEquipmentIncludedInAccountsPayable	38000	USD
CY2017Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	268833000	USD
CY2018Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	269218000	USD
CY2017Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	318000	USD
CY2018Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	432000	USD
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
CY2018Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
CY2017Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2018Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	5000	USD
CY2017Q4	us-gaap	Assets Assets	24636000	USD
CY2018Q2	us-gaap	Assets Assets	21163000	USD
CY2017Q4	us-gaap	Assets Current AssetsCurrent	22008000	USD
CY2018Q2	us-gaap	Assets Current AssetsCurrent	18791000	USD
CY2017Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	654000	USD
CY2018Q2	us-gaap	Capital Lease Obligations CapitalLeaseObligations	531000	USD
CY2017Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	299000	USD
CY2018Q2	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	296000	USD
CY2017Q2	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	213000	USD
CY2018Q2	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	531000	USD
CY2017Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	355000	USD
CY2018Q2	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	235000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Executory Costs CapitalLeasesFutureMinimumPaymentsExecutoryCosts	62000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14870000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	26674000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16527000	USD
CY2018Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12561000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	11804000	USD
CY2018Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-3966000	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2018Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	80536000	shares
CY2018Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	80628000	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	80536000	shares
CY2018Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	80628000	shares
CY2017Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	80000	USD
CY2018Q2	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	80000	USD
CY2017Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1797000	USD
CY2018Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1375000	USD
CY2017Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	6654000	USD
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CY2017Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	355000	USD
CY2018Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	339000	USD
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
CY2018Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
CY2017Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1143000	USD
CY2018Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1431000	USD
CY2017Q2	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	0	USD
CY2018Q2	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	0	USD
CY2017Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	413000	USD
CY2018Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	230000	USD
CY2017Q2	us-gaap	Gross Profit GrossProfit	1373000	USD
CY2018Q2	us-gaap	Gross Profit GrossProfit	1389000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3529000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3909000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	36000	USD
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	61000	USD
CY2017Q2	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	267000	USD
CY2018Q2	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-6000	USD
CY2017Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	968000	USD
CY2018Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	329000	USD
CY2017Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	75000	USD
CY2018Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	324000	USD
CY2017Q2	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	317000	USD
CY2018Q2	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	0	USD
CY2017Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	948000	USD
CY2018Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	33000	USD
CY2017Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-183000	USD
CY2018Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	609000	USD
CY2017Q2	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4000	USD
CY2018Q2	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	51000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	61000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	24000	USD
CY2017Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	665000	USD
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CY2017Q4	us-gaap	Inventory Net InventoryNet	3559000	USD
CY2018Q2	us-gaap	Inventory Net InventoryNet	3550000	USD
CY2017Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	2894000	USD
CY2018Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	2852000	USD
CY2017Q2	us-gaap	Inventory Write Down InventoryWriteDown	104000	USD
CY2018Q2	us-gaap	Inventory Write Down InventoryWriteDown	42000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	9758000	USD
CY2018Q2	us-gaap	Liabilities Liabilities	9870000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	24636000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	21163000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	9389000	USD
CY2018Q2	us-gaap	Liabilities Current LiabilitiesCurrent	9570000	USD
CY2017Q4	us-gaap	Line Of Credit LineOfCredit	6000000	USD
CY2018Q2	us-gaap	Line Of Credit LineOfCredit	6000000	USD
CY2017Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	6000000	USD
CY2018Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	6000000	USD
CY2017Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	355000	USD
CY2018Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	235000	USD
CY2017Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	6299000	USD
CY2018Q2	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	6296000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	15685000	USD
CY2018Q2	us-gaap	Operating Expenses OperatingExpenses	5260000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-3468000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-3871000	USD
CY2017Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	211000	USD
CY2018Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	238000	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	510000	USD
CY2018Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-164000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-15000	USD
CY2018Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-48000	USD
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CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-3565000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	-3970000	USD
CY2017Q2	us-gaap	Operating Expenses OperatingExpenses	4841000	USD
CY2018Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	551000	USD
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	161000	USD
CY2018Q2	us-gaap	Other Assets Current OtherAssetsCurrent	230000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	253000	USD
CY2018Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	255000	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	14000	USD
CY2018Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	65000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
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CY2017Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1242000	USD
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CY2017Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	20000	USD
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CY2017Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	15000	USD
CY2018Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	48000	USD
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CY2018Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2018Q2	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	997000	USD
CY2018Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1426000	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	836000	USD
CY2018Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1196000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	15200000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	15200000	USD
CY2018Q2	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	123000	USD
CY2017Q2	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	122000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2117000	USD
CY2018Q2	us-gaap	Purchase Obligation Due In Next Twelve Months PurchaseObligationDueInNextTwelveMonths	1500000	USD
CY2017Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	17069000	USD
CY2018Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2017Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2018Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	6000000	USD
CY2017Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	70000	USD
CY2018Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14855000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14586000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2375000	USD
CY2017Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2018Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	6000000	USD
CY2017Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2427000	USD
CY2018Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2699000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-254035000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-258005000	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	3170000	USD
CY2018Q2	us-gaap	Sales Revenue Net SalesRevenueNet	2764000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2414000	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2561000	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	318000	USD
CY2018Q2	us-gaap	Share Based Compensation ShareBasedCompensation	432000	USD
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	98000	shares
CY2018Q2	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
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	1015000	shares
CY2018Q2	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	1.64
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	2363000	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	3165000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	1.54
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	1.56
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	115000	shares
CY2018Q2	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	1.79
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	3059000	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	2.27
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	27000	USD
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	0	USD
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	0	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	677000	USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3558000	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3558000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.09
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.09
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	616000	USD
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	3463000	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	2.12
CY2018Q2	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
CY2018Q2	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0.00
CY2018Q2	us-gaap	Share Price SharePrice	1.52
CY2017Q1	us-gaap	Share Price SharePrice	1.50
CY2017Q1	us-gaap	Share Price SharePrice	1.50
CY2018Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	372000	USD
CY2018Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y4M21D
CY2018Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y1M2D
CY2018Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P3Y11M19D
CY2018Q2	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	14878000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	11293000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	68794000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	80571000	shares
CY2018Q2	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<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;">Concentration of Risk</font></div><div style="line-height:120%;text-align:left;padding-left:14px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's accounts receivable are denominated in U.S. dollars and are derived primarily from sales to customers located in North America, Asia Pacific, and Europe. The Company performs ongoing credit evaluations of its customers and generally does not require collateral. See Note 11 for information regarding concentrations associated with accounts receivable.</font></div></div>
CY2018Q2	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:48px;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;">2018</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;">2017</font><font style="font-family:inherit;font-size:10pt;"> ended on </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">April 1, 2018</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 2, 2017</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2018Q2	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:48px;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 materially from those estimates, particularly in relation to revenue recognition, the allowance for doubtful accounts, sales returns, valuation of investments, valuation of long-lived assets including mask sets, 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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Judgment is required to determine the Stand Alone Selling Price, or SSP, for each distinct performance obligation. The Company uses a range of amounts to estimate SSP when each of the products and services are sold separately and determines the discount to be allocated based on the relative SSP of the various products and services when products and services sold are bundled. In instances where SSP is not directly observable, such as when the Company does not sell the product or service separately, it determines the SSP using information that may include market conditions and other observable inputs. The Company typically has more than one SSP for individual products and services due to the stratification of those products and services by customers. In these instances, the Company may use information such as the size of the customer, customer tier, type of the technology used, customer demographics, geographic region and other factors in determining the SSP.</font></div></div>

Files In Submission

Name	View Source	Status
0000882508-18-000015-index-headers.html	Edgar Link	pending
0000882508-18-000015-index.html	Edgar Link	pending
0000882508-18-000015.txt	Edgar Link	pending
0000882508-18-000015-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
quik-20180401.xml	Edgar Link	completed
quik-20180401.xsd	Edgar Link	pending
quik-20180401_cal.xml	Edgar Link	unprocessable
quik-20180401_def.xml	Edgar Link	unprocessable
quik-20180401_lab.xml	Edgar Link	unprocessable
quik-20180401_pre.xml	Edgar Link	unprocessable
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quik_2018xq1x10qex311.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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2018 Q2 Form 10-Q Financial Statement

#000088250818000015 Filed on May 10, 2018

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2018 Q2 Form 10-Q Financial Statement

#000088250818000015 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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QUICKLOGIC Corp Stock $quik