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, 2024

October 1, 2023

June 30, 2024

September 29, 2024

October 1, 2023

US GAAP income (loss) from operations

$

(1,861)

$

1,280

$

(1,517)

$

(3,205)

$

(2,046)

Adjustment for stock-based compensation within:

Cost of revenue

180

73

88

505

239

Research and development

323

171

197

877

513

Selling, general and administrative

645

372

517

2,131

1,165

Non-GAAP income (loss) from operations

$

(713)

$

1,896

$

(715)

$

308

$

(129)

US GAAP net income (loss)

$

(2,094)

$

1,192

$

(1,550)

$

(3,536)

$

(2,305)

Adjustment for stock-based compensation within:

Cost of revenue

180

73

88

505

239

Research and development

323

171

197

877

513

Selling, general and administrative

645

372

517

2,131

1,165

Non-GAAP net income (loss)

$

(946)

$

1,808

$

(748)

$

(23)

$

(388)

US GAAP net income (loss) per share, basic

$

(0.14)

$

0.09

$

(0.11)

$

(0.25)

$

(0.17)

Adjustment for stock-based compensation

0.08

0.04

0.06

0.25

0.14

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

$

(0.06)

$

0.13

$

(0.05)

$

—

$

(0.03)

US GAAP net income (loss) per share, diluted

$

(0.14)

$

0.08

$

(0.11)

$

(0.25)

$

(0.17)

Adjustment for stock-based compensation

0.08

0.05

0.06

0.25

0.14

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

$

(0.06)

$

0.13

$

(0.05)

$

—

$

(0.03)

US GAAP gross margin percentage

55.8

%

76.9

%

51.0

%

58.8

%

63.6

%

Adjustment for stock-based compensation included in cost of revenue

4.2

%

1.1

%

2.1

%

3.5

%

1.7

%

Non-GAAP gross margin percentage

60.0

%

78.0

%

53.1

%

62.3

%

65.3

%