QUICKLOGIC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited)
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| January 1, 2023 |
| January 2, 2022 |
ASSETS |
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Current assets: |
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Cash, cash equivalents and restricted cash |
| $ 19,201 |
| $ 19,605 |
Accounts receivable, net |
| 4,676 |
| 1,294 |
Inventories |
| 2,493 |
| 2,078 |
Other current assets |
| 1,570 |
| 1,181 |
Total current assets |
| 27,940 |
| 24,158 |
Property and equipment, net |
| 465 |
| 499 |
Capitalized internal-use software, net |
| 1,514 |
| 1,241 |
Right of use assets |
| 1,397 |
| 1,529 |
Intangible assets, net |
| 645 |
| 752 |
Goodwill |
| 185 |
| 185 |
Non-marketable equity investment |
| 300 |
| 300 |
Other assets |
| 140 |
| 309 |
TOTAL ASSETS |
| $ 32,586 |
| $ 28,973 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Revolving line of credit |
| $ 15,000 |
| $ 15,000 |
Trade payables |
| 2,391 |
| 934 |
Accrued liabilities |
| 1,509 |
| 1,665 |
Deferred revenue |
| 272 |
| 455 |
Lease liabilities, current |
| 850 |
| 819 |
Total current liabilities |
| 20,022 |
| 18,873 |
| Long-term liabilities: |
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| Lease liabilities, non-current |
| 544 |
| 744 |
| Other long-term liabilities |
| 125 |
| 147 |
| Total liabilities |
| 20,691 |
| 19,764 |
| Stockholders' equity: |
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| Common stock, par value |
| 13 |
| 12 |
| Additional paid-in capital |
| 317,174 |
| 310,222 |
| Accumulated deficit |
| (305,292) |
| (301,025) |
| Total stockholders' equity |
| 11,895 |
| 9,209 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
| $ 32,586 |
| $ 28,973 |
QuickLogic Reports Fourth Quarter and Fiscal 2022 Results with Annual New Product Revenue Growth of 50% Driving Improvement in Non-GAAP Operating Performance
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