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November 17 , 2021 QuickLogic QuickLogic Reports Fiscal 2021 Third Quarter Results SAN JOSE , Calif . , Nov. 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 third quarter of fiscal 2021 , ended October 3 , 2021 . QuickLogic Recent Highlights • Q3 fiscal 2021 revenue of $ 3.9 million the highest since Q3 of fiscal 2015 Strong gross margin over 70 % driven from the impact of IP - related products , the highest reported in company history • Raised gross proceeds of approximately $ 1.08 million through direct placement of shares to two long - time shareholders • Won a $ 2 million eFPGA contract , the largest eFPGA contract to date ; revenue anticipated to be recognized equally in Q3 and Q4 • Introduced Australis eFPGA IP Generator , a groundbreaking platform which automatically generates eFPGA for nearly any foundry / process node • Teamed with onsemi to integrate Al / Machine Learning algorithms to implement a wide range of industrial loT applications • Partnered with Rubidium to provide a complete voice recognition solution for loT edge applications • Expanded agreement with Digi - Key to include worldwide distribution of QuickLogic products Fiscal 2021 Third Quarter Financial Results Total revenue for the third quarter of fiscal 2021 was $ 3.9 million , an increase of 34 % compared with the second quarter of 2021 , and an increase of 117 % compared with the third quarter of 2020. New product revenue was approximately $ 2.8 million in the third quarter of 2021 , an increase of 119 % compared with the second quarter of 2021 , and an increase of 332 % compared with the third quarter of 2020. The increases were primarily due to higher revenue from an eFPGA license and other services , as well as our sensor processing and connectivity products . Mature product revenue was $ 1.1 million in the third quarter of 2021 , down 32 % compared with the second quarter of 2021 , and down 4 % compared with the third quarter of 2020 . Third quarter 2021 GAAP gross margin was 70.8 % , compared with 50.9 % in the second