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

January 2,
2022

January 3,
2021

October 3,
2021

January 2,
2022

January 3,
2021

US GAAP loss from operations

$

(1,585)

$

(2,866)

$

(1,261)

$

(7,516)

$

(10,869)

Adjustment for stock-based compensation within:

Cost of revenue

150

82

78

282

162

Research and development

322

597

282

843

670

Selling, general and administrative

599

459

525

1,401

907

Restructuring expenses and asset write-offs (1)

—

129

—

—

762

Non-GAAP loss from operations

$

(514)

$

(1,599)

$

(376)

$

(4,990)

$

(8,368)

US GAAP net loss

$

(1,583)

$

(2,942)

$

(1,282)

$

(6,616)

$

(11,151)

Adjustment for stock-based compensation within:

Cost of revenue

150

82

78

282

162

Research and development

322

597

282

843

670

Selling, general and administrative

599

459

525

1,401

907

Restructuring expenses and asset write-offs (1)

—

129

—

—

762

Non-GAAP net loss

$

(512)

$

(1,675)

$

(397)

$

(4,090)

$

(8,650)

US GAAP net loss per share, basic and diluted

$

(0.13)

$

(0.27)

$

(0.11)

$

(0.57)

$

(1.14)

Adjustment for stock-based compensation

0.09

0.11

0.08

0.22

0.18

Restructuring expenses and asset write-offs (1)

0.00

0.01

0.00

0

0.08

Non-GAAP net loss per share, basic and diluted

$

(0.04)

$

(0.15)

$

(0.03)

$

(0.35)

$

(0.88)

US GAAP gross margin percentage

56.1

%

48.2

%

70.8

%

58.5

%

49.2

%

Adjustment for stock-based compensation included in cost of revenue

4.0

%

3.3

%

2.0

%

2.2

%

1.9

%

Non-GAAP gross margin percentage

60.1

%

51.5

%

72.8

%

60.7

%

51.1

%

(1) Include asset write-offs of $9 in the twelve months ended January 3, 2021.