As previously reported, Oppenheimer analyst Martin Yang started coverage of QuickLogic with an Outperform rating and $1 price target. The analyst believes QuickLogic's well-timed transformation into a key enabler of endpoint intelligence in IoT will benefit from secular trends in internet of things markets. Further, he believes it can grow its customer base from a handful of consumer OEMs to a broader base due to its ability to democratize AI on endpoint devices with hardware and software solutions. Yang expects steady improvement in revenue growth, gross margin, and cash flows as the company navigates its transformation.