QuickLogic Announces Fourth Quarter and Fiscal 2013 Results

                                                                            
                                                                            
                           QUICKLOGIC CORPORATION                           
                    CONDENSED CONSOLIDATED BALANCE SHEETS                   
                               (In thousands)                               
                                 (Unaudited)                                
                                                                            
                                            December 29,     December 30,   
                                                 2013           2012(1)     
                                           ---------------  --------------- 
                  ASSETS                                                    
                                                                            
Current assets:                                                             
  Cash and cash equivalents                $        37,406  $        22,578 
  Short-term investment in TowerJazz                                        
   Semiconductor Ltd.                                    -              345 
  Accounts receivable, net                           3,261            1,242 
  Inventories                                        4,136            3,028 
  Other current assets                               1,272              986 
                                           ---------------  --------------- 
    Total current assets                            46,075           28,179 
                                           ---------------  --------------- 
Property and equipment, net                          2,840            2,659 
Other assets                                           211              186 
                                                                            
                                           ---------------  --------------- 
TOTAL ASSETS                                          $                49,126    $                31,024  
                                                                                      ===============    ===============  
                                                                                                                                                        
      LIABILITIES  AND  STOCKHOLDERS'  EQUITY                                                                          
                                                                                                                                                        
Current  liabilities:                                                                                                                
    Revolving  line  of  credit                                  $                  1,000    $                          -  
    Trade  payables                                                                          3,578                        1,965  
    Accrued  liabilities                                                                3,519                        1,214  
    Current  portion  of  capital  lease                                                                                    
      obligations                                                                                  177                            160  
                                                                                      ---------------    ---------------  
        Total  current  liabilities                                                8,274                        3,339  
                                                                                      ---------------    ---------------  
                                                                                                                                                        
Long-term  liabilities:                                                                                                            
    Capital  lease  obligations,  less  current                                                                      
      portion                                                                                          133                            266  
    Other  long-term  liabilities                                                    121                            141  
                                                                                      ---------------    ---------------  
        Total  liabilities                                                                8,528                        3,746  
                                                                                      ---------------    ---------------  
                                                                                                                                                        
Stockholders'  equity:                                                                                                              
    Common  stock,  at  par  value                                                        54                              45  
    Additional  paid-in  capital                                              229,220                    204,797  
    Accumulated  other  comprehensive  income                                                                        
      (loss)                                                                                                -                            (11)
    Accumulated  deficit                                                          (188,676)                (177,553)
                                                                                      ---------------    ---------------  
        Total  stockholders'  equity                                            40,598                      27,278  
                                                                                      ---------------    ---------------  
TOTAL  LIABILITIES  AND  STOCKHOLDERS'  EQUITY  $                49,126    $                31,024  
                                                                                      ===============    ===============  
                                                                                                                                                        
(1)  Derived  from  the  December  30,  2012  audited  balance  sheet  included  in  the
2012  Annual  Report  on  Form  10K  of  QuickLogic  Corporation.                                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                      QUICKLOGIC  CORPORATION                                                      
                                                            SUPPLEMENTAL  DATA                                                          
                                                                  (Unaudited)                                                                
                                                                                                                                                        
                                                  Percentage  of  Revenue                  Change  in  Revenue        
                                      --------------------------------    ---------------------    
                                          Q4          Q3        Fiscal        Fiscal        Q3  2013  to      2012  to    
                                        2013      2013        2013            2012            Q4  2013              2013      
                                      -----    -----    --------    --------    -----------      -------    
COMPOSITION  OF                                                                                                                            
  REVENUE                                                                                                                                        
Revenue  by                                                                                                                                    
  product:  (1)                                                                                                                              
    New  products                79%        79%              70%              40%                    (1)%          208%  
    Mature  products          21%        21%              30%              60%                    (6)%          (13)%
                                                                                                                                                        
Revenue  by                                                                                                                                    
  geography:                                                                                                                                  
    Korea                              69%        68%              56%                -                        -          29849%  
    United  States                9%        11%              14%              34%                  (21)%          (26)%
    Japan                                6%          5%                8%              22%                    24%            (38)%
    Malaysia                          6%          6%                8%              11%                  (10)%            21%  
    Europe                              5%          6%                7%              16%                  (26)%          (26)%
    China                                4%          4%                5%              12%                    11%            (30)%
    Rest  of  North                                                                                                                          
      America                          1%          -                  2%                2%                  160%              42%  
    Rest  of  Asia                                                                                                                            
      Pacific                          -            -                  -                  3%                  (46)%          (82)%
(1)  New  products  include  ArcticLink®,  ArcticLink  II,  ArcticLink  III,                
Eclipse™  II,  PolarPro®,  PolarPro  II,  PolarPro  III,  and  QuickPCI  II.  Mature    
products  include  Eclipse,  EclipsePlus,  pASIC®  1,  pASIC  2,  pASIC  3,  QuickFC,  
QuickMIPS,  QuickPCI,  QuickRAM,  and  V3,  as  well  as  royalty  revenue,                    
programming  hardware  and  software.                                                                                    
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
 

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