$QUIK
QUICKLOGIC Corp

2020 Q2 Form 10-Q Financial Statement

#000156459020038376 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $2.196M $2.087M
YoY Change 5.22% -24.49%
Cost Of Revenue $1.192M $1.065M
YoY Change 11.92% -22.55%
Gross Profit $1.004M $1.022M
YoY Change -1.76% -26.42%
Gross Profit Margin 45.72% 48.97%
Selling, General & Admin $1.665M $2.340M
YoY Change -28.85% -8.63%
% of Gross Profit 165.84% 228.96%
Research & Development $2.200M $3.215M
YoY Change -31.57% 19.12%
% of Gross Profit 219.12% 314.58%
Depreciation & Amortization $220.0K $300.0K
YoY Change -26.67% -11.76%
% of Gross Profit 21.91% 29.35%
Operating Expenses $3.899M $5.555M
YoY Change -29.81% 5.61%
Operating Profit -$2.895M -$4.533M
YoY Change -36.14% 17.1%
Interest Expense $183.0K $124.0K
YoY Change 47.58% 416.67%
% of Operating Profit
Other Income/Expense, Net $72.00K $50.00K
YoY Change 44.0% -457.14%
Pretax Income -$3.006M -$4.607M
YoY Change -34.75% 17.86%
Income Tax -$27.00K $27.00K
% Of Pretax Income
Net Earnings -$2.979M -$4.634M
YoY Change -35.71% 16.73%
Net Earnings / Revenue -135.66% -222.04%
Basic Earnings Per Share
Diluted Earnings Per Share -$348.1K -$653.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.40M $28.10M
YoY Change -6.05% 123.02%
Cash & Equivalents $26.40M $28.05M
Short-Term Investments
Other Short-Term Assets $187.0K $357.0K
YoY Change -47.62% 55.22%
Inventory $3.052M $3.502M
Prepaid Expenses $975.0K $1.360M
Receivables $1.124M $1.519M
Other Receivables $0.00 $0.00
Total Short-Term Assets $31.74M $34.89M
YoY Change -9.04% 85.67%
LONG-TERM ASSETS
Property, Plant & Equipment $591.0K $1.110M
YoY Change -46.76% -47.57%
Goodwill $185.0K $282.0K
YoY Change -34.4%
Intangibles $934.0K $1.082M
YoY Change -13.68%
Long-Term Investments
YoY Change
Other Assets $291.0K $351.0K
YoY Change -17.09% 37.65%
Total Long-Term Assets $4.885M $5.242M
YoY Change -6.81% 120.99%
TOTAL ASSETS
Total Short-Term Assets $31.74M $34.89M
Total Long-Term Assets $4.885M $5.242M
Total Assets $36.62M $40.13M
YoY Change -8.75% 89.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.600M $1.600M
YoY Change 0.0% 23.08%
Accrued Expenses $890.0K $1.307M
YoY Change -31.91% -34.06%
Deferred Revenue
YoY Change
Short-Term Debt $15.00M $15.00M
YoY Change 0.0% 150.0%
Long-Term Debt Due $500.0K
YoY Change
Total Short-Term Liabilities $18.80M $18.72M
YoY Change 0.45% 95.57%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.500M $1.600M
YoY Change -6.25% 2361.54%
Total Long-Term Liabilities $2.200M $1.600M
YoY Change 37.5% 2361.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.80M $18.72M
Total Long-Term Liabilities $2.200M $1.600M
Total Liabilities $21.00M $20.27M
YoY Change 3.61% 105.36%
SHAREHOLDERS EQUITY
Retained Earnings -$275.9M
YoY Change 6.95%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.62M $19.86M
YoY Change
Total Liabilities & Shareholders Equity $36.60M $40.13M
YoY Change -8.8% 89.63%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$2.979M -$4.634M
YoY Change -35.71% 16.73%
Depreciation, Depletion And Amortization $220.0K $300.0K
YoY Change -26.67% -11.76%
Cash From Operating Activities -$1.400M -$3.050M
YoY Change -54.1% -18.75%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$410.0K
YoY Change -63.41% -954.17%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$150.0K -$410.0K
YoY Change -63.41% 754.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.900M $8.000M
YoY Change -1.25% -42.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.950M 8.400M
YoY Change 6.55% -5221.95%
NET CHANGE
Cash From Operating Activities -1.400M -3.050M
Cash From Investing Activities -150.0K -410.0K
Cash From Financing Activities 8.950M 8.400M
Net Change In Cash 7.400M 4.940M
YoY Change 49.8% -224.56%
FREE CASH FLOW
Cash From Operating Activities -$1.400M -$3.050M
Capital Expenditures -$150.0K -$410.0K
Free Cash Flow -$1.250M -$2.640M
YoY Change -52.65% -30.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">QuickLogic's fiscal year ends on the Sunday closest to December 31 and each fiscal quarter ends on the Sunday closest to the end of each calendar quarter. QuickLogic's second fiscal quarters for 2020 and for 2019 ended on June 28, 2020 and June 30, 2019, respectively.</p>
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us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:3.52%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Uses of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 long-lived assets including mask sets, valuation of goodwill, capitalized internal-use software and related amortizable lives and intangibles related to the acquisition of SensiML, including the estimated useful lives of acquired intangible 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.</p><p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Judgment is required to determine the Stand-alone Selling Price (“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.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:3.52%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Risk</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 14 for information regarding concentrations associated with accounts receivable.</p>
CY2020Q2 quik Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
2200000
CY2020Q2 quik Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
2200000
quik Fair Value Of Assets Acquired And Liabilities Assumed Related To Acquisition Description
FairValueOfAssetsAcquiredAndLiabilitiesAssumedRelatedToAcquisitionDescription
The Company recognizes assets acquired (including goodwill and identifiable intangible assets) and liabilities assumed at fair value on the acquisition date. Subsequent changes to the fair value of such assets acquired and liabilities assumed are recognized in earnings, after the expiration of the measurement period, a period not to exceed 12 months from the acquisition date. Acquisition-related expenses and acquisition-related restructuring costs are recognized in earnings in the period in which they are incurred
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2020Q2 quik Pledged Cash Security Related To Use Of Credit Cards
PledgedCashSecurityRelatedToUseOfCreditCards
100000
CY2019Q4 quik Pledged Cash Security Related To Use Of Credit Cards
PledgedCashSecurityRelatedToUseOfCreditCards
100000
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-14
CY2020Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
222000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
222000
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2145000
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2370000
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
685000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
668000
CY2020Q2 us-gaap Inventory Net
InventoryNet
3052000
CY2019Q4 us-gaap Inventory Net
InventoryNet
3260000
CY2020Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
975000
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1296000
CY2020Q2 us-gaap Other Assets Current
OtherAssetsCurrent
187000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
269000
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1162000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1565000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13010000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12993000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12419000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12163000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
591000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
830000
CY2020Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
761000
CY2019Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
365000
CY2020Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
89000
CY2019Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
32000
CY2020Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
672000
CY2019Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
333000
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
537000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
713000
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
353000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
420000
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
890000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1133000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
75000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
107000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
107000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
107000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
107000
CY2020Q2 quik Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
431000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
934000
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
158000
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
268000
us-gaap Operating Lease Expense
OperatingLeaseExpense
305000
us-gaap Operating Lease Expense
OperatingLeaseExpense
438000
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
153000
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
259000
us-gaap Operating Lease Cost
OperatingLeaseCost
294000
us-gaap Operating Lease Cost
OperatingLeaseCost
411000
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
11000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000
CY2020Q2 quik Operating Lease Cost Net
OperatingLeaseCostNet
158000
CY2019Q2 quik Operating Lease Cost Net
OperatingLeaseCostNet
268000
quik Operating Lease Cost Net
OperatingLeaseCostNet
305000
quik Operating Lease Cost Net
OperatingLeaseCostNet
438000
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
52000
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
91000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
101000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
182000
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000
CY2020Q2 quik Finance Lease Cost
FinanceLeaseCost
60000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
48000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
137000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
134000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
137000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
409000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
281000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
421000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
106000
CY2019Q2 quik Finance Lease Cost
FinanceLeaseCost
96000
quik Finance Lease Cost
FinanceLeaseCost
115000
quik Finance Lease Cost
FinanceLeaseCost
193000
us-gaap Operating Lease Payments
OperatingLeasePayments
260000
us-gaap Operating Lease Payments
OperatingLeasePayments
451000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
10000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
120000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
194000
quik Operating And Financing Cash Flows From Leases
OperatingAndFinancingCashFlowsFromLeases
394000
quik Operating And Financing Cash Flows From Leases
OperatingAndFinancingCashFlowsFromLeases
655000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2076000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
773000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
341000
quik Right Of Use Asset Obtained In Exchange For Finance And Operating Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceAndOperatingLeaseLiability
773000
quik Right Of Use Asset Obtained In Exchange For Finance And Operating Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceAndOperatingLeaseLiability
2417000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1470000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2200000
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
742000
CY2020Q2 quik Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
2212000
CY2019Q4 quik Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
2370000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1506000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1816000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
712000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
471000
CY2020Q2 quik Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
2218000
CY2019Q4 quik Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
2287000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
288000
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
200000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
453000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
281000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1677000
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
762000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
171000
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
50000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1506000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
712000
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0600
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0600
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0606
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0581
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q2 quik Shelf Registration Numberof Offerings
ShelfRegistrationNumberofOfferings
1
CY2020Q2 quik Shelf Registration Maximum Offering
ShelfRegistrationMaximumOffering
75000000
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
7.00
CY2019Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8000000.0
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
3.50
CY2020Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7900000
CY2020Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
386100000
CY2020Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
19.32
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
741000
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
791000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
343000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1742000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
185000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.09
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.51
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
29.93
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
29.52
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2020Q2 us-gaap Share Price
SharePrice
3.16
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3600
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
11000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
377000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
12.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
418000
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
4.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
119000
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
10.21
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
205000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
471000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
7.99
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-27000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-241000
CY2020Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2196000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2087000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4354000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5281000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2196000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2087000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4354000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5281000
us-gaap Severance Costs1
SeveranceCosts1
513000
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
0

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