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August 17 , 2021 QuickLogic QuickLogic Reports Fiscal 2021 Second Quarter Results SAN JOSE , Calif . , Aug. 17 , 2021 / PRNewswire / -- QuickLogic Corporation ( NASDAQ : QUIK ) ( " QuickLogic " or the " Company " ) , a developer of ultra - low power multi - core voice enabled SoCs , embedded FPGA IP , and Endpoint Al solutions , today announced its financial results for the second quarter of fiscal 2021 , ended July 4 , 2021 . QuickLogic Recent Highlights • Q2 fiscal 2021 revenue of $ 2.9 million represents the highest since Q1 of fiscal 2019 • Delivered new eFPGA IP license during the quarter • Partnered with Microchip Technology , enabling SensiML tools to read sensor data from MPLAB X IDE and generate machine learning models • Announced Global Distribution Agreement with Digi - Key Electronics to offer the Basic Edition of SensiML's Analytics Toolkit worldwide • Developed an Al - enabled Industrial loT solution for predictive maintenance applications with aiSensing • Launched ZETA - TinyML Development Kit with Zifisense to develop smart loT applications for embedded Al • Presented at COSCUP x RubyConf Taiwan , demonstrating how easy it is to use open source tools Fiscal 2021 Second Quarter Financial Results Total revenue for the second quarter of fiscal 2021 was $ 2.9 million , an increase of 29 % compared with the first quarter of 2021 , and an increase of 31 % compared with the second quarter of 2020. New product revenue was approximately $ 1.3 million in the second quarter of 2021 , an increase of 17 % compared with the first quarter of 2021 , and an increase of 54 % compared with the second quarter of 2020. The increases were primarily due to higher revenue from our sensor processing and connectivity products . Mature product revenue was $ 1.6 million in the second quarter of 2021 , up 39 % compared with the first quarter of 2021 , and up 18 % compared with the second quarter of 2020 . Second quarter 2021 GAAP gross margin was 50.9 % , compared with 51.1 % in the first quarter of 2021 , and 45.7 % in the second quarter of 2020 . Second quarter 2021 non - GAAP gross margin was 51.5 % , compared with 52.7 % in the first quarter of 2021 , and 47.1 % in the second quarter of 2020 .