QuickLogic Corporation $(QUIK)$ has reported its financial results for the fiscal second quarter ending June 29, 2025. The company, known for its embedded FPGA (eFPGA) IP and related technologies, recorded total revenue from continuing operations of $3.7 million. This represents a decrease of 10.0% compared to the second quarter of 2024 and a 14.8% decline from the first quarter of 2025. New product revenue was approximately $2.9 million, showing a decrease of $0.1 million, or 3.6%, from the same period in 2024, and a 22.1% decrease from the first quarter of 2025. Mature product revenue stood at $0.8 million, compared to $1.1 million in the second quarter of 2024 and $0.6 million in the first quarter of 2025. The GAAP gross margin for the quarter was 25.9%, a decrease from 54.7% in the second quarter of 2024 and 43.4% in the previous quarter. The GAAP net loss for the second quarter was ($2.7 million), compared with a net loss of ($1.6 million) in the second quarter of 2024, and ($2.2 million) in the first quarter of 2025. Significant business updates include a new revenue-generating eFPGA Hard IP License contract for an Intel 18A test chip, a feasibility contract for a very high-density eFPGA IP core, and the announcement of the Aurora PRO FPGA User Tool. Additionally, improvements to the proprietary Australis IP Generation tool are planned, with a release scheduled for Q4.