QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
December 29, December 30,
2013 2012(1)
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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
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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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QuickLogic Announces Fourth Quarter and Fiscal 2013 Results
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