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 2,
2022

October 3,
2021

July 3, 2022

October 2,
2022

October 3,
2021

US GAAP loss from operations

$

(1,240)

$

(1,261)

$

(627)

$

(2,876)

$

(5,931)

Adjustment for stock-based compensation
within:

Cost of revenue

44

78

117

217

132

Research and development

149

282

91

325

521

Selling, general and administrative

294

525

269

805

802

Non-GAAP loss from operations

$

(753)

$

(376)

$

(150)

$

(1,529)

$

(4,476)

US GAAP net loss

$

(1,347)

$

(1,282)

$

(524)

$

(3,035)

$

(5,033)

Adjustment for stock-based compensation
within:

Cost of revenue

44

78

117

217

132

Research and development

149

282

91

325

521

Selling, general and administrative

294

525

269

805

802

Non-GAAP net loss

$

(860)

$

(397)

$

(47)

$

(1,688)

$

(3,578)

US GAAP net loss per share, basic and diluted

$

(0.11)

$

(0.11)

$

(0.04)

$

(0.24)

$

(0.44)

Adjustment for stock-based compensation

0.04

0.08

0.04

0.10

0.13

Non-GAAP net loss per share, basic and diluted

$

(0.07)

$

(0.03)

$

—

$

(0.14)

$

(0.31)

US GAAP gross margin percentage

48.5

%

70.8

%

56.0

%

55.2

%

59.5

%

Adjustment for stock-based compensation
included in cost of revenue

1.3

%

2.0

%

2.6

%

1.8

%

1.5

%

Non-GAAP gross margin percentage

49.8

%

72.8

%

58.6

%

57.0

%

61.0

%