QuickLogic and the QuickLogic logo are registered trademarks of QuickLogic Corporation. All other brands or trademarks are the property of their respective holders and should be treated as such.
Company Contact
Sue Cheung
Chief Financial Officer
(408) 990-4076
Scheung@quicklogic.com
IR Contact
Moriah Shilton/Kirsten Chapman
(415) 433-3777
ir@quicklogic.com
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QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
| Three Months Ended | Nine Months Ended | ||||||||||||||||||
| October 1, 2017 | October 2, 2016 | July 2, 2017 | October 1, 2017 | October 2, 2016 | |||||||||||||||
| Revenue | $ | 2,972 | $ | 2,809 | $ | 3,026 | $ | 9,168 | $ | 8,476 | |||||||||
| Cost of revenue | 1,706 | 1,918 | 1,646 | 5,149 | 5,653 | ||||||||||||||
| Gross profit | 1,266 | 891 | 1,380 | 4,019 | 2,823 | ||||||||||||||
| Operating expenses: | |||||||||||||||||||
| Research and development | 2,368 | 2,755 | 2,319 | 7,114 | 9,885 | ||||||||||||||
| Selling, general and administrative | 2,353 | 2,704 | 2,614 | 7,381 | 7,988 | ||||||||||||||
| Total operating expense | 4,721 | 5,459 | 4,933 | 14,495 | 17,873 | ||||||||||||||
| Loss from operations | (3,455 | ) | (4,568 | ) | (3,553 | ) | (10,476 | ) | (15,050 | ) | |||||||||
| Interest expense | (15 | ) | (37 | ) | (21 | ) | (97 | ) | (109 | ) | |||||||||
| Interest income and other (expense), net | (3 | ) | (41 | ) | 1 | (2 | ) | (63 | ) | ||||||||||
| Loss before income taxes | (3,473 | ) | (4,646 | ) | (3,573 | ) | (10,575 | ) | (15,222 | ) | |||||||||
| Provision for (benefit from) income taxes | 77 | (23 | ) | 34 | 147 | 68 | |||||||||||||
| Net loss | $ | (3,550 | ) | $ | (4,623 | ) | $ | (3,607 | ) | $ | (10,722 | ) | $ | (15,290 | ) | ||||
| Net loss per share: | |||||||||||||||||||
| Basic | $ | (0.04 | ) | $ | (0.07 | ) | $ | (0.05 | ) | $ | (0.14 | ) | $ | (0.24 | ) | ||||
| Diluted | $ | (0.04 | ) | $ | (0.07 | ) | $ | (0.05 | ) | $ | (0.14 | ) | $ | (0.24 | ) | ||||
| Weighted average shares: | |||||||||||||||||||
| Basic | 80,125 | 67,781 | 79,799 | 76,267 | 64,522 | ||||||||||||||
| Diluted | 80,125 | 67,781 | 79,799 | 76,267 | 64,522 | ||||||||||||||
