Connect with us

Technology

QuickLogic Reports Fiscal First Quarter 2025 Financial Results

Published

1 year ago

on

SAN JOSE, Calif., May 13, 2025 /PRNewswire/ — QuickLogic Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced its financial results for the fiscal first quarter that ended March 30, 2025.

Recent Highlights

Delivered design-specific eFPGA Hard IP for Intel 18A customer Test ChipAnnounced eFPGA integration into Faraday Technology Corporation’s FlashKit™-22RRAM SoC Development PlatformAwarded $1.4 million Incremental Funding Modification (IFM) for its Strategic Radiation Hardened ProgramExtended $20 million credit facility maturity date from December 31, 2025 to December 31, 2026 for enhanced operational flexibility

“Following significant investments during the last year, we developed and in April, delivered design-specific eFPGA Hard IP for a customer’s Test Chip, on Intel 18A,” said Brian Faith, CEO of QuickLogic. “We believe that being the first, and currently, only company to offer eFPGA Hard IP for Intel 18A puts us in a very strong position to capitalize on the increasing interest from United States Military, Aerospace, and Government (“USMAG”) and commercial companies initiating new designs on Intel 18A technology. With this, the new Faraday Technologies FlashKit™ Development Platform in the market, and several contracts charted for Storefront, we believe our business model is building momentum.”

Fiscal First Quarter 2025 Financial Results

Total revenue from continuing operations for the first quarter of fiscal 2025 was $4.3 million, a decrease of 23.7% compared with the first quarter of 2024 and a decrease of 23.8% compared with the fourth quarter of 2024.

New product revenue from continuing operations was approximately $3.7 million in the first quarter of 2025, a decrease of $0.8 million, or 17.4%, compared with the first quarter of 2024 and a decrease of $0.9 million, or 19.1%, compared with the fourth quarter of 2024. The decreases in total revenue and new product revenue from continuing operations from the same period a year ago were mostly due to the timing of awards for certain large eFPGA IP contracts.

Mature product revenue from continuing operations was $0.6 million in the first quarter of 2025. This compares to $1.1 million in the first quarter of 2024 and $1.0 million in the fourth quarter of 2024.

First quarter 2025 GAAP gross margin from continuing operations was 43.4% compared with 67.1% in the first quarter of 2024 and 62.7% in the fourth quarter of 2024.

First quarter 2025 non-GAAP gross margin from continuing operations was 45.6% compared with 72.4% in the first quarter of 2024 and 65.8% in the fourth quarter of 2024.

First quarter 2025 GAAP operating expenses from continuing operations were $3.9 million compared with $3.7 million in the first quarter of 2024 and $3.5 million in the fourth quarter of 2024.

First quarter 2025 non-GAAP operating expenses from continuing operations were $3.0 million compared with $2.5 million in the first quarter of 2024 and $2.8 million in the fourth quarter of 2024.

First quarter 2025 GAAP net loss was ($2.2 million), or ($0.14) per share, compared with net income of $0.1 million, or $0.01 per share, in the first quarter of 2024, and a net loss of ($0.3 million), or ($0.02) per share, in the fourth quarter of 2024.

First quarter 2025 non-GAAP net loss was ($1.1 million), or ($0.07) per share, compared with net income of $1.7 million, or $0.12 per share, in the first quarter of 2024, and a net income of $0.6 million, or $0.04 per share, in the fourth quarter of 2024.

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, May 13, 2025, to discuss its current financial results. The conference call will be webcast on QuickLogic’s IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. No Passcode is needed to join the conference call. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13753277.

The call recording, which can be accessed by phone, will be archived through May 20, 2025, and the webcast will be available for 12 months on the Company’s website.

About QuickLogic

QuickLogic is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic’s unique approach combines cutting-edge technology with open-source tools to deliver highly customizable low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit https://www.quicklogic.com.

QuickLogic uses its website (www.quicklogic.com), the company blog (https://www.quicklogic.com/blog/), corporate Twitter account (@QuickLogic_Corp), Facebook page (https://www.facebook.com/QuickLogic), and LinkedIn page (https://www.linkedin.com/company/13512/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company’s website and its social media accounts in addition to following the Company’s press releases, SEC filings, public conference calls, and webcasts.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles, or U.S. GAAP, but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes certain charges related to stock-based compensation, in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv) gross margin percentage. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner like how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry.

Management uses the non-GAAP measures, which exclude gains, losses, and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods and serve as a basis for the allocation of the Company’s resources, management of operations and the measurement of profit-dependent cash, and equity compensation paid to employees and executive officers.

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures and may not be calculated in the same manner as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with U.S. GAAP. A reconciliation of U.S. GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable U.S. GAAP financial measures.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future profitability and cash flows, expectations regarding our future business and statements regarding the timing, milestones, and payments related to our government contracts, and statements regarding our ability to successfully exit SensiML, and actual results may differ due to a variety of factors including: delays in the market acceptance of the Company’s new products; the ability to convert design opportunities into customer revenue; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers’ products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our ability to hire and retain qualified personnel; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company’s public reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risks discussed in the “Risk Factors” section in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in the Company’s prior press releases, which are available on the Company’s Investor Relations website at http://ir.quicklogic.com/, and on the SEC website at www.sec.gov/. In addition, please note that the date of this press release is May 13, 2025, and any forward-looking statements contained herein are based on management’s current expectations and assumptions that we believe to be reasonable as of this date. We are not obliged to update these statements due to latest information or future events.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

CODE: QUIK-E 

 –Tables Follow –

 

QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(Unaudited) 

Three Months Ended

March 30, 2025

March 31, 2024

December 29,
2024

Revenue

$

4,325

$

5,669

$

5,677

Cost of revenue

2,448

1,865

2,119

Gross profit

1,877

3,804

3,558

Operating expenses:

Research and development

1,268

1,321

1,514

Selling, general and administrative

2,536

2,351

2,028

Restructuring costs

54

—

—

Total operating expense

3,858

3,672

3,542

Operating income (loss)

(1,981)

132

16

Interest expense

(97)

(69)

(111)

Interest and other (expense) income, net

(7)

17

29

Income (loss) before income taxes

(2,085)

80

(66)

(Benefit from) provision for income taxes

5

7

(11)

Net income (loss) from continuing operations

(2,090)

73

(55)

Net income (loss) from discontinued operations, net of taxes and

       inclusive of $87 in restructuring costs for the three months ended

       March 30, 2025

(101)

35

(250)

Net income (loss)

$

(2,191)

$

108

$

(305)

Net income (loss) from continuing operations per share:

Basic

$

(0.14)

$

0.01

$

0.00

Diluted

$

(0.14)

$

0.01

$

0.00

Net income (loss) per share:

Basic

$

(0.14)

$

0.01

$

(0.02)

Diluted

$

(0.14)

$

0.01

$

(0.02)

Weighted average shares outstanding:

Basic

15,290

14,177

14,869

Diluted

15,290

14,545

14,869

Note: Net income (loss) equals total comprehensive income (loss) for all periods presented. Additionally, the Company notes that income taxes related to discontinued operations were immaterial in nature for the periods presented and as such, only net income (loss) from discontinued operations was reported herein.

 

QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

March 30, 2025

December 29,
2024

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

17,546

$

21,859

Accounts receivable, net of allowance for credit losses of $1 and $0, as of March 30,

2025 and December 29, 2024, respectively

1,586

2,426

Contract assets

4,133

2,682

Inventories

905

940

Prepaid expenses and other current assets

1,152

1,666

Assets of business held for sale, net

15

31

Total current assets

25,337

29,604

Property and equipment, net

17,028

15,699

Capitalized internal-use software, net

842

711

Right of use assets, net

687

758

Intangible assets, net

369

378

Non-marketable equity investment

300

300

Inventories, non-current

718

718

Note receivable, non-current

1,323

1,292

Other assets

117

117

Assets of business held for sale, net

2,356

2,356

TOTAL ASSETS

$

49,077

$

51,933

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

18,000

Trade payables

2,601

3,097

Accrued liabilities

1,184

1,587

Deferred revenue

701

444

Notes payable, current

1,703

1,928

Lease liabilities, current

293

284

Liabilities of business held for sale

—

57

Total current liabilities

21,482

25,397

Long-term liabilities:

Lease liabilities, non-current

363

447

Notes payable, non-current

915

1,202

Total liabilities

22,760

27,046

Commitments and contingencies

Stockholders’ equity:

Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and

outstanding

—

—

Common stock, $0.001 par value; 200,000 authorized; 15,824 and 15,336 shares issued

and outstanding as of March 30, 2025 and December 29, 2024, respectively

16

15

Additional paid-in capital

337,888

334,268

Accumulated deficit

(311,587)

(309,396)

Total stockholders’ equity

26,317

24,887

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

49,077

$

51,933

 

QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

March 30, 2025

March 31, 2024

December 29,
2024

US GAAP operating income (loss)

$

(1,981)

$

132

$

16

Adjustment for stock-based compensation within:

Cost of revenue

95

298

178

Research and development

205

199

136

Selling, general and administrative

636

969

575

Restructuring costs

54

—

—

Non-GAAP operating income (loss)

$

(991)

$

1,598

$

905

US GAAP net income (loss) from continuing operations

$

(2,090)

$

73

$

(55)

Adjustment for stock-based compensation within:

Cost of revenue

95

298

178

Research and development

205

199

136

Selling, general and administrative

636

969

575

Restructuring costs

54

—

—

Non-GAAP net income (loss) from continuing operations

$

(1,100)

$

1,539

$

834

US GAAP net income (loss) from discontinued operations

$

(101)

$

35

$

(250)

Adjustment for stock-based compensation within:

Research and development

(32)

158

35

Adjustment for restructuring costs

87

—

—

Non-GAAP net income (loss) from discontinued operations

$

(46)

$

193

$

(215)

Non-GAAP net income (loss)

$

(1,146)

$

1,732

$

619

US GAAP net income (loss) from continuing operations per share, basic

$

(0.14)

$

0.01

$

—

Adjustment for stock-based compensation

0.06

0.10

0.06

Adjustment for restructuring costs

0.01

—

—

Non-GAAP net income (loss) from continuing operations per share, basic

$

(0.07)

$

0.11

$

0.06

US GAAP net income (loss) from discontinued operations per share, basic

$

(0.01)

$

—

$

(0.02)

Adjustment for stock-based compensation

—

0.01

—

Adjustment for restructuring costs

0.01

—

—

Non-GAAP net income (loss) from discontinued operations per share, basic

$

—

$

0.01

$

(0.02)

Non-GAAP net income (loss) per share, basic

$

(0.07)

$

0.12

$

0.04

US GAAP net income (loss) from continuing operations per share, diluted

$

(0.14)

$

0.01

$

—

Adjustment for stock-based compensation

0.06

0.10

0.06

Adjustment for restructuring costs

0.01

—

—

Non-GAAP net income (loss) from continuing operations per share, diluted

$

(0.07)

$

0.11

$

0.06

US GAAP net income (loss) from discontinued operations per share, diluted

$

(0.01)

$

—

$

(0.02)

Adjustment for stock-based compensation

—

0.01

—

Adjustment for restructuring costs

0.01

—

—

Non-GAAP net income (loss) from discontinued operations per share, diluted

$

—

$

0.01

$

(0.02)

Non-GAAP net income (loss) per share, diluted

$

(0.07)

$

0.12

$

0.04

US GAAP gross margin percentage

43.4

%

67.1

%

62.7

%

Adjustment for stock-based compensation included in cost of revenue

2.2

%

5.3

%

3.1

%

Non-GAAP gross margin percentage

45.6

%

72.4

%

65.8

%

 

QUICKLOGIC CORPORATION

SUPPLEMENTAL DATA

(Unaudited)

Percentage of Revenue

Change in Revenue

Q1 2025

Q1 2024

Q4 2024

Q1 2025 to
Q1 2024

Q1 2025 to
Q4 2024

COMPOSITION OF REVENUE

Revenue by product: (1)

New products

87

%

75

%

81

%

(17)

%

(19)

%

Mature products

13

%

19

%

18

%

(49)

%

(45)

%

Discontinued Operations:

New products

—

%

6

%

1

%

(97)

%

(61)

%

Revenue by geography:

Asia Pacific

8

%

12

%

10

%

(51)

%

(33)

%

North America

90

%

78

%

85

%

(17)

%

(20)

%

Europe

2

%

4

%

5

%

(67)

%

(72)

%

Discontinued Operations:

Asia Pacific

—

%

—

%

—

%

—

%

(60)

%

North America

—

%

6

%

—

%

(98)

%

(67)

%

Europe

—

%

—

%

—

%

100

%

100

%

_____________________

(1)

New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP intellectual property, professional services, and QuickAI and SensiML AI software as a service (SaaS) revenue. Mature products include all products produced on semiconductor processes larger than 180 nanometer and includes related royalty revenue.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/quicklogic-reports-fiscal-first-quarter-2025-financial-results-302454425.html

SOURCE QuickLogic Corporation

Related Topics:
Continue Reading

Technology

SoftwareOne named a Leader in the 2026 Gartner® Magic Quadrant™ for SAM Managed Services

Published

27 minutes ago

on

October 26, 2026

By

Empowering clients with proven SAM excellence

MILWAUKEE, Oct. 26, 2026 /PRNewswire/ — SoftwareOne (SIX: SWON), a leading global software and cloud solutions provider, today announced that it has been named a Leader in the 2026 Gartner® Magic Quadrant™ for SAM Managed Services for the seventh consecutive year.

SoftwareOne believes this recognition reflects its commitment to helping clients achieve measurable value from their cloud, software and AI investments as licensing models continue to shift.

Software asset management (SAM) gives organizations visibility and control over their on-premises IT, cloud and SaaS estates. SoftwareOne helps customers simplify these portfolios, improving financial control and managing licensing and audit risks, so they can direct resources towards business priorities and innovation.

“Seven consecutive years as a Leader matters to us because we believe that consistency is what our customers actually buy. The technology landscape continues to grow more complex as organizations navigate an ever-expanding mix of software licensing, cloud consumption, and AI-driven business models,” says Raphael Erb, CEO, SoftwareOne. “Our customers need a partner whose judgement holds up through all of it. We see this recognition as validation of the expertise, commitment, and customer focus that our teams bring to every engagement, every day.”

Gartner delivers actionable, objective insight to executives and their teams. Its expert guidance and tools enable faster, smarter decisions and stronger performance on an organization’s mission-critical priorities.

The Gartner Magic Quadrant evaluates vendors based on their Ability to Execute and Completeness of Vision. We are honored to be included among the recognized vendors in this important report. Learn more about the Magic Quadrant.

Helping clients unlock value from IT portfolios

SoftwareOne’s ITAM and FinOps portfolio brings together software asset management, FinOps and AI optimization, SaaS management, IT sustainability advisory and vendor management. These services help clients cut waste, manage audit risks and go into publisher negotiations, with a clear picture of what technology they use and what it all costs.

With global delivery at scale, SoftwareOne helps organizations optimize and simplify AI cloud and software investments across hybrid environments. AI-enabled automation powers licensing intelligence, compliance and cost control, so clients can reduce spend and make confident decisions about where to reinvest.

Positioned alongside SoftwareOne in the Magic Quadrantii as A Leader is Anglepoint, an independent company that is majority-owned by SoftwareOne. 

About the Gartner Magic Quadrant

The Gartner Magic Quadrant evaluates providers on Completeness of Vision and Ability to Execute. Leaders execute well against their current vision and are well positioned for tomorrow. SoftwareOne views its recognition as a reflection of the consistency of its SAM managed services and the work of its delivery teams.

Source

Gartner, Magic Quadrant for Software Asset Management Managed Services, By Yolanda Harris, Jaswant Kalay, and Rob Schafer. October 2026

Gartner disclaimers and trademarks

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and are used herein with permission. All rights reserved.

About SoftwareOne

SoftwareOne is a global software and cloud solutions provider and distributor. With a presence in over 70 countries and a team of about 12,000 professionals, we combine global scale and local expertise to help partners and customers optimize costs, source, and procure, accelerate growth, and navigate complex IT environments with confidence. Leveraging deep capabilities in cloud, software, and data and AI, the company empowers organizations to modernize, innovate, and unlock the full value of their technology investments. Headquartered in Switzerland, SoftwareOne is listed on the SIX Swiss Exchange and Euronext Oslo Børs under the ticker symbol SWON. Visit us at www.softwareone.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/softwareone-named-a-leader-in-the-2026-gartner-magic-quadrant-for-sam-managed-services-302919873.html

SOURCE SoftwareONE

Continue Reading

Technology

TrueLoyal® Appoints Erica Thompson as Head of Loyalty

Published

27 minutes ago

on

October 26, 2026

By

Longtime retail and loyalty expert will lead loyalty strategy and program services for TrueLoyal’s brand partners

SAN ANTONIO, Oct. 26, 2026 /PRNewswire/ — TrueLoyal®, the loyalty and advocacy platform for consumer brands, today announced the appointment of Erica Thompson as Head of Loyalty. Thompson will lead TrueLoyal’s loyalty strategy, customer retention architecture, and lifecycle engagement work as the company continues to help brands turn consumer loyalty into a dynamic growth engine.

TrueLoyal® names longtime retail and loyalty expert Erica Thompson as Head of Loyalty.

Thompson brings more than 20 years of leadership in customer relationship management (CRM), brand loyalty, and digital marketing strategy. Throughout her career, she has led data-driven loyalty programs and omnichannel customer experiences for leading consumer brands, including serving as a retail Chief Marketing Officer and as Senior Vice President at Stride Rite. She also advised retail clients as a consultant with loyalty agency Kobie Marketing, has advised brands through her firm, ACIRE Consulting Group, and held senior marketing roles at PetSmart, New York & Company, and HSN. Her background in behavioral analytics, tiered reward structures, and customer lifecycle engagement strengthens TrueLoyal’s ability to help brands design and run programs that perform.

“Brands have to earn loyalty through compelling, continuous experiences, and points and discounts alone won’t get them there,” said Jacek Materna, CEO of TrueLoyal. “Erica’s proven ability to build scalable loyalty engines and translate customer insights into genuine brand devotion makes her the perfect leader for our next chapter.”

“I’ve spent my career on the brand side of loyalty, and the programs I’m proudest of were the ones built around what customers actually cared about,” said Thompson. “That’s the work I want to keep doing. I’m here to roll up my sleeves with our brands, understand what their customers need, and help them build loyalty that’s worth something to both sides.”

At TrueLoyal, Thompson will lead the company’s enterprise loyalty frameworks, its Program Strategy and managed loyalty services, and cross-functional alignment across product and client strategy. Her appointment reflects TrueLoyal’s continued investment in loyalty expertise as the company grows with CPG and D2C hybrid brands.

About TrueLoyal

TrueLoyal® is a loyalty and advocacy platform that helps brands turn the customer experience into repeat purchases and long-term growth. Brands use Rewards to run their loyalty program and Fan Club™ to bring community and user-generated content together, all connected to the commerce systems they already use. TrueLoyal also offers services that range from Program Strategy to fully managed loyalty operations. Learn more at trueloyal.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trueloyal-appoints-erica-thompson-as-head-of-loyalty-302919889.html

SOURCE TrueLoyal

Continue Reading

Technology

THE POWER HOUR™ LAUNCHED FROM TIKTOK HEADQUARTERS IN NEW YORK CITY WITH A BOLD MISSION: MOVE THE WORLD FOR ONE HOUR

Published

27 minutes ago

on

October 26, 2026

By

The Power Play Impact Fund and The Power Hour™ Began a 365-Day Global Countdown to an October 2027 Guinness World Records Attempt Turning Movement Into Impact for the Next Generation

NEW YORK, Oct. 26, 2026 /PRNewswire/ — What could happen if, for one hour, the world moved together?

Recently in New York City, The Power Hour™ and Power Play Impact Fund officially launched an ambitious global movement built around a remarkably simple idea: invite people everywhere to dedicate one hour to physical movement and turn that collective action into meaningful impact for youth and communities.

The announcement was made during an exclusive gathering hosted at TikTok Headquarters in New York City on the opening day of Advertising Week New York, bringing together professional athletes, business leaders, Family Offices, health and wellness leaders, innovators, and changemakers.

October 5 was day one of a 365-day global countdown. In October 2027, The Power Hour™ will bring people across countries, communities, companies, and cultures together for 60 synchronized minutes of physical movement as part of an ambitious Guinness World Records attempt. Think walk, run, dance, yoga: move the way you want. It is being built as an inclusive global movement rather than a traditional fitness event. Participation in the global movement is FREE, removing one of the barriers to joining.

The Founder and Visionary behind The Power Hour™and Power Play Impact Fund is Angella Goran. A former professional cyclist and world-class multi-sport athlete, she has built a career spanning entrepreneurship, technology, financial innovation, sport, and social impact. Her experience as an athlete and her belief in the lifelong opportunities created through sport, wellness, and community became the foundation for The Power Hour™.

“I’ve always believed that one hour of collective action can become the starting point for something that lasts far longer,” said Goran. “When millions of people around the world move together for 60 minutes, we create more than a record. We create lasting impact for youth and communities across physical, mental, nutritional and financial wellness.”

The Power Hour™is excited to partner alongside some incredible athletes such as:

Jerome Williams, former NBA Player, founder of Shooting for PeaceAngela Ruggiero, 4x Olympic Medalist, Founder of Sports Innovation Lab & Women’s Sports Club (acquired by GENIUS in 2026)The Gasol Foundation, Founded by Pau Gasol (6x NBA All-Star, 2x NBA Championship Winner, 3x OLY and Chair of IOC Athletes’ Commission)Dr. Jen Welter (1st NFL Female Coach/Player, 2x Gold Medalist Team USA, Founder of Grrridiron Girls Foundation & “The Day in the Life Of” event series)

The vision is to harness technology, social platforms, connected fitness, and community activations to transform millions of individual actions into one extraordinary collective moment. But breaking a record isn’t the ultimate goal. Creating impact is.

At the heart of The Power Hour™ is the Power Play Impact Fund, created to help raise awareness and funding for youth and community initiatives across four interconnected areas of wellness: physical, mental, nutritional, and financial. The Power Hour™ believes that movement belongs to everyone. There is no qualifying time. No required sport. No expectation of athletic ability.

The Uptown Agency in Dallas has partnered with The Power Hour™ to provide support on communications and other projects.

Just move.
ONE WORLD. ONE HOUR. ONE MOVEMENT.
The countdown starts now.

ABOUT THE POWER HOUR™

The Power Hour™ is a global movement and social-impact initiative created to unite people through 60 minutes of physical movement. Through sport, technology, community and collective action, The Power Hour™ aims to connect individuals, athletes, businesses and communities around the world while creating meaningful impact for the next generation. The inaugural global event is planned for October 2027 and will pursue a Guinness World Records attempt through synchronized participation around the world. To learn more, please visit https://www.powerhour.world/.

ABOUT POWER PLAY IMPACT FUND

The Power Play Impact Fund is the impact engine behind The Power Hour™, supporting a mission focused on investing in and donating to youth and community initiatives for physical, mental, nutritional, and financial wellness. Through partnerships, charitable giving, fundraising, and The Power Hour™ global movement, the initiative seeks to direct attention and resources toward programs that create greater opportunity, well-being, and accessibility for youth and communities. The Power Play Impact Fund operates with LOHAS as its fiscal sponsor administrator.

ABOUT THE UPTOWN AGENCY

The Uptown Agency is an award-winning, full-service marketing and branding partner dedicated to engineering differentiation through creative excellence and data-driven strategy. Recognized as a leader in brand growth, the agency combines industry-leading expertise in brand strategy, creative development, digital marketing, web development, and PR to deliver bespoke solutions that activate audiences and drive measurable results. The Uptown Agency is a true extension of client teams, prioritizing deep business understanding over templated approaches. Their work spans strategic brand overhauls, custom-coded web experiences, and high-impact campaigns that blend cultural relevance with technical precision. Explore their work at www.theuptownagency.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-power-hour-launched-from-tiktok-headquarters-in-new-york-city-with-a-bold-mission-move-the-world-for-one-hour-302919903.html

SOURCE The Power Hour

Continue Reading

Trending