QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Six Months Ended

June 28, 2020

June 30, 2019

March 29, 2020

June 28, 2020

June 30, 2019

US GAAP loss from operations

$

(2,895)

$

(4,533)

$

(3,062)

$

(5,957)

$

(8,242)

Adjustment for stock-based compensation within:

Cost of revenue

31

18

12

43

44

Research and development

486

532

(464)

22

1,187

Selling, general and administrative

224

241

54

278

511

Restructuring expenses

34

—

479

513

—

Non-GAAP loss from operations

$

(2,120)

$

(3,742)

$

(2,981)

$

(5,101)

$

(6,500)

US GAAP net loss

$

(2,979)

$

(4,634)

$

(3,165)

$

(6,144)

$

(8,110)

Adjustment for stock-based compensation within:

Cost of revenue

31

18

12

43

44

Research and development

486

532

(464)

22

1,187

Selling, general and administrative

224

241

54

278

511

Restructuring expenses

34

—

479

513

—

Non-GAAP net loss

$

(2,204)

$

(3,843)

$

(3,084)

$

(5,288)

$

(6,368)

US GAAP net loss per share (1)

$

(0.35)

$

(0.65)

$

(0.38)

$

(0.73)

$

(1.16)

Adjustment for stock-based compensation

0.09

0.11

(0.05)

0.08

0.25

Restructuring expenses

—

0.06

0.03

—

Non-GAAP net loss per share

$

(0.26)

$

(0.54)

$

(0.37)

$

(0.62)

$

(0.91)

US GAAP gross margin percentage

45.7

%

49.0

%

51.7

%

48.7

%

56.8

%

Adjustment for stock-based compensation included in cost of revenue

1.4

%

0.8

%

0.5

%

1.0

%

0.9

%

Non-GAAP gross margin percentage

47.1

%

49.8

%

52.2

%

49.7

%

57.7

%

* Figures were not considered for reconciliation due to the insignificant amount.

⁽¹⁾  Net loss per share for the three- and six-months ended June 30, 2019 is adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019.