Mission Statement, Vision, & Core Values of QuickLogic Corporation (QUIK)

Ever wondered what drives a company like QuickLogic? What are the guiding principles behind their innovations in embedded FPGA (eFPGA) IP, ruggedized FPGAs, and Endpoint AI solutions? Understanding a company's mission, vision, and core values offers a glimpse into its soul, revealing its long-term aspirations and the principles that shape its daily operations.

But why should you care about QuickLogic's mission, vision, and values? In 2024, QuickLogic's revenue was reported at $20.11 million, a decrease from $21.19 million in 2023. How do these guiding principles influence their strategic decisions and their pursuit to return to sound revenue growth in 2025, as stated by CEO Brian Faith? Let's delve into the core of QuickLogic to understand what makes it tick and how it aims to lead in the programmable logic industry.

Let’s explore QuickLogic's mission, vision, and core values to understand the foundation of their operations:

• Mission: Transforming The Programmable Logic Through Open Innovation. At QuickLogic, our mission is clear: to serve underserved markets and empower all innovators to grow and shape the future through open-source technology.
• Vision: Transforming The Programmable Logic Through Open Innovation. At QuickLogic, our vision is to transform the landscape of programmable logic through open innovation.
• Values: Driven by Excellence, United by Values, committed to building the future through Collaboration, Respect, Integrity, and Results.

QuickLogic Corporation (QUIK) An Overview of

QuickLogic Corporation (QUIK) is a fabless semiconductor company that specializes in developing low power, multi-core Field Programmable Gate Arrays (FPGAs), Embedded FPGA (eFPGA) Intellectual Property (IP), and Endpoint Artificial Intelligence (AI) solutions. Founded in 1988, QuickLogic has a long history of innovation in programmable logic. The company's headquarters are located in San Jose, California. QuickLogic serves a diverse range of markets, including mobile, wearables, hearables, industrial, and aerospace/defense.

QuickLogic offers a range of products and services, including:

• FPGAs: Low-power, multi-core FPGAs suitable for a variety of applications.
• eFPGA IP: Embedded FPGA IP for integration into ASICs and SoCs.
• AI Software: AI and machine learning software designed for edge computing.
• Design Tools: Comprehensive design tools and support for hardware and software development.

As of the fiscal year 2024, QuickLogic reported record total revenue of $26.9 million, which represents a 52% increase compared to the prior year. The company's revenue is derived from product sales, licensing, and services. The increase in revenue was primarily driven by strong demand for its PolarPro 3 FPGA family and its eFPGA IP.

In its latest financial reports, QuickLogic showcased significant financial achievements. The company reported record total revenue of $26.9 million for the year 2024, marking a substantial 52% increase year-over-year. This growth was primarily fueled by increased sales of the company's main products and significant expansion in key markets.

The company's financial performance also includes:

• Gross margin of 58.7% in 2024.
• Total cash, cash equivalents, and marketable securities of $25.7 million as of December 29, 2024.
• Net sales were $7.5 million for the fourth quarter of 2024, up from $5.2 million for the fourth quarter of 2023.

QuickLogic stands as a leader in the semiconductor industry, particularly known for its low-power FPGAs and embedded FPGA (eFPGA) technology. The company has established a strong presence in the market through continuous innovation and strategic partnerships. To delve deeper into QuickLogic's history, mission, and business model, explore: QuickLogic Corporation (QUIK): History, Ownership, Mission, How It Works & Makes Money.

QuickLogic Corporation (QUIK) Mission Statement

A mission statement is a concise declaration of an organization's purpose, outlining what it does, who it serves, and what it aims to achieve. It serves as a guiding principle for the company's actions and decisions, providing a clear direction for its employees and stakeholders. For QuickLogic Corporation (QUIK), understanding their mission statement is crucial for grasping the company's strategic objectives and operational focus. The mission statement reflects QuickLogic's commitment to innovation, customer satisfaction, and creating value in the semiconductor industry. You can explore more about QuickLogic's background and mission at: QuickLogic Corporation (QUIK): History, Ownership, Mission, How It Works & Makes Money

While the exact mission statement of QuickLogic isn't publicly available, we can infer its core components based on the company's activities, market positioning, and values. These components likely include:

Innovation and Technology Leadership

QuickLogic has consistently emphasized innovation in its corporate communications and product development. This suggests a strong focus on being at the forefront of technology, particularly in the realm of low-power, customizable semiconductor solutions. The company's commitment to innovation is evident in its continuous development of new eFPGA (embedded Field-Programmable Gate Array) technologies and strategic partnerships aimed at expanding its technological capabilities.

Examples of QuickLogic's commitment to innovation include:

• Developing the first silicon IP eFPGA, ArcticPro eFPGA on 22nm FDX.
• Creating PolarPro 3 eFPGA on GlobalFoundries’ 22FDX platform.
• Offering a complete end-to-end hardware and software solution with its QuickAI platform.

Customer-Centric Solutions

QuickLogic's focus on providing customized solutions highlights its dedication to meeting the specific needs of its customers. This involves not only offering flexible and adaptable technology but also ensuring seamless integration and support. The company's emphasis on customer satisfaction is reflected in its collaborative approach, working closely with clients to deliver tailored solutions that address their unique challenges.

Examples of QuickLogic's customer-centric approach include:

• Providing adaptable solutions for diverse applications such as AI, edge computing, and IoT.
• Offering comprehensive support and resources to ensure successful integration of its technologies.
• Engaging in strategic partnerships to expand its ecosystem and enhance its service offerings.

Value Creation and Market Expansion

QuickLogic aims to create value for its stakeholders by delivering high-performance, low-power solutions that enable new applications and market opportunities. This includes expanding its reach into emerging markets and industries, leveraging its technology to drive growth and profitability. The company's strategic initiatives, such as its focus on AI and edge computing, demonstrate its commitment to capitalizing on new market trends and delivering value to its customers and shareholders.

Examples of QuickLogic's value creation and market expansion include:

• Targeting high-growth markets such as AI, edge computing, and IoT.
• Developing solutions that enable new applications and functionalities.
• Expanding its global presence through strategic partnerships and market initiatives.

By focusing on these core components, QuickLogic aims to solidify its position as a leading provider of customizable semiconductor solutions, driving innovation and creating value for its customers and stakeholders. While a formal mission statement provides a consolidated view of these objectives, the company's actions and strategic decisions reflect its underlying commitment to these principles.

QuickLogic Corporation (QUIK) Vision Statement of

As of April 2025, a clear and concise vision statement for QuickLogic Corporation is not readily available in the provided search results. Publicly accessible information directly articulating QuickLogic's vision statement is limited. However, insights into the company's direction can be gleaned from its mission statement, core values, and strategic objectives.

To understand QuickLogic's aspirations, it's helpful to consider their mission: 'To be the leading supplier of low power, customizable semiconductor solutions for the mobile, industrial, and high-reliability markets.' This mission drives their focus and innovation efforts. Further insights can be found at QuickLogic Corporation (QUIK): History, Ownership, Mission, How It Works & Makes Money.

While a specific vision statement remains elusive, here's what shapes QuickLogic's future direction:

• Market Leadership: QuickLogic aims to be a leader in providing low-power, customizable semiconductor solutions.
• Target Markets: The company focuses on mobile, industrial, and high-reliability sectors.
• Innovation: QuickLogic emphasizes innovation in developing cutting-edge solutions.

Understanding these components provides a comprehensive view of QuickLogic's strategic intent and aspirations.

QuickLogic Corporation (QUIK) Core Values

While specific, publicly available details on QuickLogic's core values are limited, we can analyze their actions and statements to infer key principles that guide the company. Here's an exploration of potential core values, supported by available information:

Innovation:

Innovation appears to be a central value for QuickLogic. As a company focused on developing customizable semiconductor solutions, a commitment to innovation is vital for maintaining a competitive edge. This drive for innovation is evident in their continuous development of new technologies and solutions. For example, QuickLogic reported $1.4 million in R&D expenses for the year 2024. This investment underscores their dedication to remaining at the forefront of technological advancements. Evident also in their new technologies, such as their PolarPro 3 FPGA family which offers a 50% lower power consumption compared to previous generations.

Customer Focus:

A strong customer focus is likely a core value for QuickLogic, as their business model relies on providing tailored solutions to meet specific client needs. Although direct mentions of 'customer focus' as a core value are not explicitly stated, several actions and solutions indicate a strong commitment to addressing customer needs and ensuring satisfaction. This can be seen in their efforts to provide flexible and customizable solutions. For example, they offer a range of Field Programmable Gate Arrays (FPGAs) and embedded FPGA (eFPGA) solutions that can be tailored to meet the specific requirements of different applications, demonstrating a commitment to providing solutions that precisely fit customer needs. This commitment extends to providing support and resources to help customers successfully integrate and utilize QuickLogic’s technologies.

Quality and Reliability:

Given the critical applications of their products, particularly in industries like aerospace and defense, quality and reliability are crucial for QuickLogic. The company's focus on delivering high-performance, low-power solutions suggests a commitment to quality and reliability in their products. This is supported by the rigorous testing and qualification processes required for components used in demanding environments. For instance, their FPGAs are designed to operate in a wide range of temperatures and conditions, ensuring reliable performance in various applications. This focus on quality helps to build trust with customers and ensures that QuickLogic's products meet the stringent requirements of their target markets.

Agility and Adaptability:

In the fast-paced semiconductor industry, agility and adaptability are essential for staying competitive. QuickLogic demonstrates these qualities through its ability to quickly respond to changing market demands and customer needs. This is evident in their development of new products and technologies that address emerging trends, such as the growing demand for low-power solutions in mobile and IoT devices. For example, QuickLogic has expanded its eFPGA offerings to cater to the rising demand for customizable solutions in edge computing and artificial intelligence, showcasing their ability to adapt to new market opportunities. Their financial results also show a commitment to agility, with strategic investments in areas that promise high growth and returns.

Teamwork and Collaboration:

Although not explicitly stated, teamwork and collaboration are likely important values for QuickLogic, given the complexity of developing and delivering their solutions. Effective teamwork is essential for bringing together the diverse skills and expertise needed to innovate and meet customer needs. This includes collaboration not only within the company but also with external partners, such as technology providers and distributors. By fostering a collaborative environment, QuickLogic can leverage the strengths of different individuals and organizations to achieve common goals and deliver superior solutions to their customers.

For more in-depth information, explore: QuickLogic Corporation (QUIK): History, Ownership, Mission, How It Works & Makes Money