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

October 3,
2021

September
27, 2020

July 4, 2021

October 3,
2021

September
27, 2020

US GAAP loss from operations

$

(1,261)

$

(2,046)

$

(1,980)

$

(5,931)

$

(8,003)

Adjustment for stock-based compensation
within:

Cost of revenue

78

37

18

132

80

Research and development

282

51

82

521

73

Selling, general and administrative

525

170

102

802

448

Restructuring expenses and asset write-offs (1)

—

120

—

—

633

Non-GAAP loss from operations

$

(376)

$

(1,668)

$

(1,778)

$

(4,476)

$

(6,769)

US GAAP net loss

$

(1,282)

$

(2,065)

$

(2,062)

$

(5,033)

$

(8,209)

Adjustment for stock-based compensation within:

Cost of revenue

78

37

18

132

80

Research and development

282

51

82

521

73

Selling, general and administrative

525

170

102

802

448

Restructuring expenses and asset write-offs

—

120

—

—

633

Non-GAAP net loss

$

(397)

$

(1,687)

$

(1,860)

$

(3,578)

$

(6,975)

US GAAP net loss per share, basic and diluted

$

(0.11)

$

(0.19)

$

(0.18)

$

(0.44)

$

(0.88)

Adjustment for stock-based compensation

0.08

0.03

0.02

0.13

0.07

Restructuring expenses and asset write-offs

0

0.01

0

0

0.06

Non-GAAP net loss per share, basic and diluted

$

(0.03)

$

(0.15)

$

(0.16)

$

(0.31)

$

(0.75)

US GAAP gross margin percentage

70.8

%

51.9

%

50.9

%

59.5

%

49.6

%

Adjustment for stock-based compensation
included in cost of revenue

2.0

%

2.0

%

0.6

%

1.5

%

1.3

%

Non-GAAP gross margin percentage

72.8

%

53.9

%

51.5

%

61.0

%

50.9

%