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Post by JHam on Jan 28, 2021 14:40:49 GMT
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Post by JHam on Feb 10, 2021 13:13:21 GMT
I just spent 45 minutes listening to the Needham presentation from 2 days ago. It made me want to pour every last penny into this one, lol. The next two years should be pretty phenomenal. They have literally countless ways in which they will realize new revenue, on top of the mature revenue that they already have (which will continue to expand). Definitely worth a listen: wsw.com/webcast/needham103/quik/2264604Some quotes from the call: "We are really going to start leveraging now the open source initiative with our IP licensing and make it a much more scalable business. So I think you’ll have some news coming soon on that."
----- "We do feel like Q3 of 20’, so the last Q3, will be the revenue trough and it’s growth from there. Leading into what we believe will be a break even and profitability point in the second half of 2021."
----- (this was a really long one so I paraphrased most of it) Days before the Q4 call they got the hardware in for AWS certification. They had some issues with USB cables and power sequencing unrelated to their device, so they had to make some changes to the board. Still engaged with Amazon and “imminently in the process of being certified”.----- "Now back to the other questions around revenue trajectory. So I think, you know, we gave guidance on a quarterly basis, we gave an outlook for this year, that we would get to break even profitability at some point in the second half. If you look out beyond that, with these different initiatives, you know, again this is not guidance, but I could see this being you know $20 something million in a year, $50 something million in a few years from now. Well on our way, by the way, to a big percentage of that being IP licensing and SaaS component of revenue. Which I think again, great gross margin, sticky revenue, and high value revenue. And I think you’re going to start to see the stock actually getting rewarded for that in terms of the multiples that we’re getting on that kind of revenue. But that’s sort of what we’re looking at from a modeling point of view into the outgoing years. Again, driven from a lot of the scalability that we’re getting out of the open source, and the fact that we have such big partners really putting wind in our sales in this area."
----- There was a lot of talk about their collaboration with Google. There is a lot more to come there as they are really just scratching the surface. View AttachmentNews out!! This must be what Brian was talking about. Very cool! www.prnewswire.com/news-releases/quicklogic-launches-qomu--an-open-source-soc-dev-kit-that-fits-in-your-usb-port-301225749.htmlQuickLogic Launches Qomu - an Open Source SoC Dev Kit That Fits in Your USB Port
- Tiny form factor fits in USB Type A port found on almost every computer, enabling portability and development anywhere
- Supported by 100% open source hardware and software tools for the MCU and embedded FPGA core
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Post by JHam on Feb 11, 2021 0:15:21 GMT
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Post by jamesjohnson12 on Feb 11, 2021 14:35:16 GMT
I have dipped my toes in with QUIK; but; to be honest, I don't understand their product offerings as much as I would like to. It seems like they have a lot of different product lines, but the most heavily anticipated are these new development kits - QuickFeather, Quorc, etc. And, that their business model is to give developers these "platforms" and to create products using these platforms. These new products will drive sales of QUIK's platforms. Am I on the right track here? What are some examples of things that could be developed using QuickFeather/Quorc/etc?
I am not tech savy enough to understand the implications and applications for these development kits. I have tried to read through company material and quarterly transcrips. Can someone explain in basic terms for me? I would tremendously appreciate it. I also wonder if others are in my shoes and don't understand the potential of the technology enough to invest - so the company may have to achieve financial results to begin attracting real interest. This is probably a big ask so I understand if it's too time consuming.
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Post by selluwud on Feb 11, 2021 15:23:36 GMT
I have dipped my toes in with QUIK; but; to be honest, I don't understand their product offerings as much as I would like to. It seems like they have a lot of different product lines, but the most heavily anticipated are these new development kits - QuickFeather, Quorc, etc. And, that their business model is to give developers these "platforms" and to create products using these platforms. These new products will drive sales of QUIK's platforms. Am I on the right track here? What are some examples of things that could be developed using QuickFeather/Quorc/etc? I am not tech savy enough to understand the implications and applications for these development kits. I have tried to read through company material and quarterly transcrips. Can someone explain in basic terms for me? I would tremendously appreciate it. I also wonder if others are in my shoes and don't understand the potential of the technology enough to invest - so the company may have to achieve financial results to begin attracting real interest. This is probably a big ask so I understand if it's too time consuming. You and me both. I know that FPGA (See Xilinx) is a Field Programmable Gate Arrays (FPGAs) which are semiconductor devices that are based around a matrix of configurable logic blocks (CLBs) connected via programmable interconnects. These circuit chips allow developers and programmers to alter and change output characteristics which is very favorable for AI powered devices for IoT. 5G technology uses this type circuitry in abundance but eventually the desired outcomes will precipitate a mass produced chip at a lesser cost. How this has anything to do with QUIK, I couldn't tell you. LOL
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Post by JHam on Feb 11, 2021 16:13:16 GMT
I have dipped my toes in with QUIK; but; to be honest, I don't understand their product offerings as much as I would like to. It seems like they have a lot of different product lines, but the most heavily anticipated are these new development kits - QuickFeather, Quorc, etc. And, that their business model is to give developers these "platforms" and to create products using these platforms. These new products will drive sales of QUIK's platforms. Am I on the right track here? What are some examples of things that could be developed using QuickFeather/Quorc/etc? I am not tech savy enough to understand the implications and applications for these development kits. I have tried to read through company material and quarterly transcrips. Can someone explain in basic terms for me? I would tremendously appreciate it. I also wonder if others are in my shoes and don't understand the potential of the technology enough to invest - so the company may have to achieve financial results to begin attracting real interest. This is probably a big ask so I understand if it's too time consuming. Welcome to the party James, and thanks lifting the pps today with your buys 😅 That’s a great question, and requires a very long answer. They have so many different aspects to the company I don’t know where to start. And to be honest, I am still learning about all the ins and outs here. My first suggestion would be to either read through the Q3 ER transcript. The CEO, Brian Faith, goes through each item point by point. There are also a few interviews and blogs where he goes into detail explaining everything. I’ll try and post some in a separate post below, and include the blog that made me want to invest here. QUIK is still by far my largest holding. We may have to be patient, but I think it will be worth it in the long run. And with something like this it could explode at any minute, like CPSH or CLSK, imo.
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Post by JHam on Feb 11, 2021 16:32:33 GMT
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Post by JHam on Feb 11, 2021 16:36:44 GMT
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Post by jamesjohnson12 on Feb 11, 2021 17:16:08 GMT
Jham, thanks for the info! If you like the price action now, just wait until I sell haha.
I really liked the blog article (Ford analogy was nice) and corp deck.
Here is my understanding (and am happy to hear any critique/correction)
QUIK provides a hardware and software platform for various software engineers & hardware engineers across a broad spectrum of industries. This hardware/software is open source and allows the hardware/software engineer to better implement machine learning/IoT/AI concepts (way over my head) into their end user device. These end user devices can range from cell phones, smart TVs, smart washer/dryer systems, - basically anything electronic at this point. So, QUIK is providing these development tools (packaged chips w open source software) to these engineers hoping that the engineers utilize them for additional functionality in their devices (phones, tvs, etc). By doing this, the mass production of specific devices that utilize QUIKs hardware/software tool (semi-conductors/chips) will require large orders of QUIKs products. QUIK has several different platforms/products that are aimed at different market segments and target different problems
So, QUIK is currently in the phase of getting these tools out to engineers. Downstream, ideally these tools are very functional and end up in a lot of different products, which creates a lot of recurring revenue for QUIK as these devices are mass produced.
I know this was very "dumbed down", but I am essentially tech illiterate once it gets to this level of detail. Does my explanation grasp the general concept? If so, my primary question is - how long does it take these developers to take QUORC for example and utilize it for something that will generate revenue for QUIK? Or, is that the million dollar question??
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Post by magnus123 on Feb 11, 2021 19:03:08 GMT
How long does it take these developers to take QUORC for example and utilize it for something that will generate revenue for QUIK? Or, is that the million dollar question??
To answer just this question very fast: Brian mentioned in the last CC that we could see a few million $ in initial revenue coming from QORC in 2021.
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Post by vzveteran on Feb 11, 2021 20:01:02 GMT
Up 16% on Volume atm
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Post by JHam on Feb 12, 2021 1:18:08 GMT
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Post by JHam on Feb 12, 2021 2:41:29 GMT
I have dipped my toes in with QUIK; but; to be honest, I don't understand their product offerings as much as I would like to. It seems like they have a lot of different product lines, but the most heavily anticipated are these new development kits - QuickFeather, Quorc, etc. And, that their business model is to give developers these "platforms" and to create products using these platforms. These new products will drive sales of QUIK's platforms. Am I on the right track here? What are some examples of things that could be developed using QuickFeather/Quorc/etc? I am not tech savy enough to understand the implications and applications for these development kits. I have tried to read through company material and quarterly transcrips. Can someone explain in basic terms for me? I would tremendously appreciate it. I also wonder if others are in my shoes and don't understand the potential of the technology enough to invest - so the company may have to achieve financial results to begin attracting real interest. This is probably a big ask so I understand if it's too time consuming. Looks like you dipped those toes in just in the knick of time
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Post by magnus123 on Feb 12, 2021 9:27:13 GMT
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Post by JHam on Feb 12, 2021 12:28:19 GMT
Nice! Man, today could be the day that starts QUIK's parabolic run. Already at $6.32 pre-market.
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Post by vzveteran on Feb 12, 2021 12:30:38 GMT
Nice! Man, today could be the day that starts QUIK's parabolic run. Already at $6.32 pre-market. I doubled my position yesterday morning.. Hope I caught this train at the station this time.
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Post by jamesjohnson12 on Feb 12, 2021 13:10:35 GMT
I have dipped my toes in with QUIK; but; to be honest, I don't understand their product offerings as much as I would like to. It seems like they have a lot of different product lines, but the most heavily anticipated are these new development kits - QuickFeather, Quorc, etc. And, that their business model is to give developers these "platforms" and to create products using these platforms. These new products will drive sales of QUIK's platforms. Am I on the right track here? What are some examples of things that could be developed using QuickFeather/Quorc/etc? I am not tech savy enough to understand the implications and applications for these development kits. I have tried to read through company material and quarterly transcrips. Can someone explain in basic terms for me? I would tremendously appreciate it. I also wonder if others are in my shoes and don't understand the potential of the technology enough to invest - so the company may have to achieve financial results to begin attracting real interest. This is probably a big ask so I understand if it's too time consuming. Looks like you dipped those toes in just in the knick of time Something about a blind pig and an acorn haha. Feels good to time something right occasionally. Definitely excited to be in this one! Earnings next week and the subsequent reaction to earnings could be a big boost if they show the improved numbers that they seem to anticipate and give better guidance for 2021...
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Post by magnus123 on Feb 12, 2021 15:40:11 GMT
Holy... Can't believe what i see here. $7+ now.
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Post by vzveteran on Feb 12, 2021 15:50:47 GMT
$7.50 huge volume.
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Post by selluwud on Feb 12, 2021 15:54:45 GMT
On fire, is the Wall Street Bets crowd here? LOL
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