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.
QuickLogic Announces Fourth Quarter and Fiscal 2013 Results
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