QuickLogic Corporation has announced its financial results for the fiscal first quarter of 2025, which ended on March 30, 2025. The company reported a total revenue of $4.3 million from continuing operations, marking a decrease of 23.7% compared to the first quarter of 2024 and a 23.8% decrease from the fourth quarter of 2024. New product revenue was approximately $3.7 million, reflecting a decline of $0.8 million, or 17.4%, from the first quarter of 2024 and a decrease of $0.9 million, or 19.1%, from the previous quarter. Mature product revenue stood at $0.6 million, down from $1.1 million in the first quarter of 2024 and $1.0 million in the fourth quarter of 2024. The fiscal first quarter 2025 GAAP net loss was reported at ($2.2 million), compared to a net income of $0.1 million in the same period last year, and a net loss of ($0.3 million) in the fourth quarter of 2024. On a non-GAAP basis, the net loss was ($1.1 million), compared to a net income of $1.7 million in the first quarter of 2024, and a net income of $0.6 million in the previous quarter. Additional highlights include the delivery of a design-specific eFPGA Hard IP for an Intel 18A customer Test Chip and the announcement of eFPGA integration into Faraday Technology Corporation's FlashKit™-22RRAM SoC Development Platform. QuickLogic also received a $1.4 million Incremental Funding Modification for its Strategic Radiation Hardened Program and extended a $20 million credit facility maturity date from December 31, 2025, to December 31, 2026.