QuickLogic Corporation
QUIK Technology Semiconductors
In the quarter to June 2026, revenue grew 48.7%, EPS grew 70.6%, free cash flow grew 194.2% and total debt fell 62.3%, each against the same quarter a year earlier.
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QuickLogic Corporation (QUIK) Beneish M-score
QuickLogic Corporation's Beneish M-score for fiscal 2025 is −2.47; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.47 | (0.49) |
| FY2024 | −1.99 | 1.14 |
| FY2023 | −3.13 | (1.91) |
| FY2022 | −1.22 | 2.04 |
| FY2021 | −3.27 | (0.13) |
| FY2020 | −3.14 | (4.69) |
| FY2019 | 1.55 | 3.14 |
| FY2018 | −1.59 | 1.14 |
| FY2017 | −2.73 | 1.11 |
| FY2016 | −3.84 | (0.32) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.65 | — | 1.52 | |
| Gross margin index | 2.79 | — | 1.48 | |
| Asset quality index | 0.41 | — | 0.17 | |
| Sales growth index | 0.70 | — | 0.63 | |
| Depreciation index | 0.90 | — | 0.10 | |
| SG&A index | 1.51 | — | −0.26 | |
| Total accruals to total assets | (0.20) | — | −0.95 | |
| Leverage index | 0.97 | — | −0.32 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.47 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| MRAM EVERSPIN TECH compare | −3.5× |
| ALMU Aeluma, Inc. compare | −3.3× |
| VLN Valens Semiconductor, Ltd. compare | −3.0× |
| INDI indie Semiconductor, Inc. compare | −2.8× |
| QUIK QuickLogic Corporation | −2.5× |
| MX Magnachip Semiconductor Corp. compare | −2.4× |
| GSIT GSI Technology, Inc. compare | −2.2× |
| LAES SEALSQ Corp. compare | 2.0× |
| GCTS GCT Semiconductor Holding, Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI