QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Year Ended

December 29,
2019

December 30,
2018

September 29,
2019

December 29,
2019

December 30,
2018

US GAAP loss from operations

$

(2,928)

$

(3,052)

$

(4,193)

$

(15,363)

$

(13,596)

Adjustment for stock-based compensation within:

Cost of revenue

19

30

15

78

129

Research and development

534

150

521

2,242

760

Selling, general and administrative

101

294

212

824

1,012

Adjustment for the write-off of equipment:

Selling, general and administrative

2

—

—

4

5

Non-GAAP loss from operations

$

(2,272)

$

(2,578)

$

(3,445)

$

(12,215)

$

(11,690)

US GAAP net loss

$

(3,063)

$

(3,065)

$

(4,271)

$

(15,444)

$

(13,779)

Adjustment for stock-based compensation within:

Cost of revenue

19

30

15

78

129

Research and development

534

150

521

2,242

760

Selling, general and administrative

101

294

212

824

1,012

Adjustment for the write-off of equipment:

Selling, general and administrative

2

—

—

4

5

Non-GAAP net loss

$

(2,407)

$

(2,591)

$

(3,523)

$

(12,296)

$

(11,873)

US GAAP net loss per share   ⁽¹⁾

$

(0.37)

$

(0.45)

$

(0.51)

$

(2.02)

$

(2.16)

Adjustment for stock-based compensation

0.08

0.07

0.09

0.42

0.29

Non-GAAP net loss per share

$

(0.29)

$

(0.38)

$

(0.42)

$

(1.60)

$

(1.87)

US GAAP gross margin percentage

64.9

%

51.7

%

48.2

%

57.3

%

50.2

%

Adjustment for stock-based compensation

0.7

%

0.9

%

0.7

%

0.7

%

1.0

%

Non-GAAP gross margin percentage

65.6

%

52.6

%

48.9

%

58.0

%

51.2

%