QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Nine Months Ended

September 29,
2019

September 30,
2018

June 30, 2019

September 29,
2019

September 30,
2018

US GAAP loss from operations

$

(4,193)

$

(3,227)

$

(4,533)

$

(12,435)

$

(10,544)

Adjustment for stock-based compensation within:

Cost of revenue

15

30

18

59

99

Research and development

521

220

532

1,708

610

Selling, general and administrative

212

266

241

723

718

Adjustment for the write-off of equipment:

Selling, general and administrative

—

—

2

2

5

Non-GAAP loss from operations

$

(3,445)

$

(2,711)

$

(3,740)

$

(9,943)

$

(9,112)

US GAAP net loss

$

(4,271)

$

(3,260)

$

(4,634)

$

(12,381)

$

(10,714)

Adjustment for stock-based compensation within:

Cost of revenue

15

30

18

59

99

Research and development

521

220

532

1,708

610

Selling, general and administrative

212

266

241

723

718

Adjustment for the write-off of equipment:

Selling, general and administrative

—

—

2

2

5

Non-GAAP net loss

$

(3,523)

$

(2,744)

$

(3,841)

$

(9,889)

$

(9,282)

US GAAP net loss per share

$

(0.04)

$

(0.03)

$

(0.05)

$

(0.12)

$

(0.12)

Adjustment for stock-based compensation

0.01

*

0.01

0.02

0.01

Non-GAAP net loss per share

$

(0.03)

$

$

(0.04)

$

(0.10)

$

(0.11)

US GAAP gross margin percentage

48.2

%

49.7

%

49.0

%

54.3

%

49.6

%

Adjustment for stock-based compensation

0.7

%

0.8

%

0.8

%

0.8

%

1.1

%

Non-GAAP gross margin percentage

48.9

%

50.5

%

49.8

%

55.1

%

50.7

%