QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited) | ||||||||
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| July 4, 2021 |
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| January 3, 2021 |
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ASSETS |
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Current assets: |
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Cash, cash equivalents and restricted cash |
| $ | 18,996 |
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| $ | 22,748 |
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Accounts receivable, net |
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| 2,063 |
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|
| 1,688 |
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Inventories |
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| 2,205 |
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|
| 2,688 |
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Other current assets |
|
| 984 |
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|
| 1,066 |
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Total current assets |
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| 24,248 |
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|
| 28,190 |
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Property and equipment, net |
|
| 577 |
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|
| 548 |
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Capitalized internal-use software, net |
|
| 1,135 |
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|
| 986 |
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Right of use assets |
|
| 1,483 |
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|
| 1,839 |
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Intangible assets, net |
|
| 806 |
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|
| 860 |
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Goodwill |
|
| 185 |
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|
| 185 |
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Other assets |
|
| 280 |
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|
| 280 |
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TOTAL ASSETS |
| $ | 28,714 |
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| $ | 32,888 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Revolving line of credit |
| $ | 15,000 |
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| $ | 15,000 |
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Trade payables |
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| 1,316 |
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|
| 935 |
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| Accrued liabilities |
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| 1,606 |
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|
| 1,340 |
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| Deferred revenue |
|
| 76 |
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|
| 52 |
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| Lease liabilities, current |
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| 674 |
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|
| 685 |
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| Total current liabilities |
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| 18,672 |
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|
| 18,012 |
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| Long-term liabilities: |
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| Notes payable - non-current |
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| — |
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|
| 1,192 |
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| Lease liabilities, non-current |
|
| 884 |
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|
| 1,197 |
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| Other long-term liabilities |
|
| 189 |
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|
| — |
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| Total liabilities |
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| 19,745 |
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|
| 20,401 |
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| Stockholders' equity: |
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| Common stock, par value |
|
| 12 |
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|
| 11 |
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| Additional paid-in capital |
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| 307,117 |
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| 306,885 |
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| Accumulated deficit |
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| (298,160) |
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| (294,409) |
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| Total stockholders' equity |
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| 8,969 |
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|
| 12,487 |
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| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
| $ | 28,714 |
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| $ | 32,888 |
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QuickLogic Reports Fiscal 2021 Second Quarter Results
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