(1) Derived from the December 29, 2013 audited balance sheet included in the
2013 Annual Report on Form 10-K of QuickLogic Corporation.
QUICKLOGIC CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
------------------------------- --------------------
September September June 29, September September
28, 2014 29, 2013 2014 28, 2014 29, 2013
--------- --------- --------- --------- ---------
GAAP loss from
operations $ (3,873) $ (2,198) $ (2,888) $ (8,809) $ (8,732)
Adjustment for
stock-based
compensation
within:
Cost of revenue 32 24 36 110 76
Research and
development 176 74 221 750 286
Selling, general
and
administrative 244 232 309 890 705
Adjustment for the
write-off of
equipment within:
Selling, general and
administrative 5 3 -- 5 3
Adjustment for
restructuring costs -- (32) -- -- 181
--------- --------- --------- --------- ---------
Non-GAAP loss from
operations $ (3,416) $ (1,897) $ (2,322) $ (7,054) $ (7,481)
========= ========= ========= ========= =========
GAAP net loss $ (3,930) $ (2,262) $ (2,897) $ (8,937) $ (9,087)
Adjustment for
stock-based
compensation
within:
Cost of revenue 32 24 36 110 76
Research and
development 176 74 221 750 286
Selling, general
and
administrative 244 232 309 890 705
Adjustment for the
write-off of
equipment within:
Selling, general and
administrative 5 3 -- 5 3
Adjustment for
restructuring costs -- (32) -- -- 181
Adjustment for gain
on sale of
TowerJazz
Semiconductor Ltd.
shares -- -- -- -- (181)
Adjustment for tax
effect on other
comprehensive
income -- -- -- -- 273
--------- --------- --------- --------- ---------
Non-GAAP net loss $ (3,473) $ (1,961) $ (2,331) $ (7,182) $ (7,744)
========= ========= ========= ========= =========
GAAP net loss per
share $ (0.07) $ (0.05) $ (0.05) $ (0.16) $ (0.20)
Adjustment for
stock-based
compensation 0.01 0.01 0.01 0.03 0.02
Adjustment for the
write-off of
equipment * * -- * *
Adjustment for
restructuring costs -- * -- -- 0.01
Adjustment for gain
on sale of
TowerJazz
Semiconductor Ltd.
shares -- -- -- -- (0.01)
Adjustment for tax
effect on other
comprehensive
income -- -- -- -- 0.01
--------- --------- --------- --------- ---------
Non-GAAP net loss per
share $ (0.06) $ (0.04) $ (0.04) $ (0.13) $ (0.17)
========= ========= ========= ========= =========
GAAP gross margin
percentage 42.7% 33.4% 44.1% 39.9% 34.9%
Adjustment for
stock-based
compensation 0.8% 0.3% 0.5% 0.5% 0.4%
--------- --------- --------- --------- ---------
Non-GAAP gross margin
percentage 43.5% 33.7% 44.6% 40.4% 35.3%
========= ========= ========= ========= =========
