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

July 2, 2023

July 3, 2022

April 2, 2023

July 2, 2023

July 3, 2022

US GAAP loss from operations

$

(2,226)

$

(627)

$

(1,100)

$

(3,326)

$

(1,636)

Adjustment for stock-based compensation within:

          Cost of revenue

88

117

78

166

173

          Research and development

158

91

184

342

176

          Selling, general and administrative

340

269

453

793

511

Non-GAAP loss from operations

$

(1,640)

$

(150)

$

(385)

$

(2,025)

$

(776)

US GAAP net loss

$

(2,269)

$

(524)

$

(1,228)

$

(3,497)

$

(1,688)

Adjustment for stock-based compensation within:

          Cost of revenue

88

117

78

166

173

          Research and development

158

91

184

342

176

          Selling, general and administrative

340

269

453

793

511

Non-GAAP net loss

$

(1,683)

$

(47)

$

(513)

$

(2,196)

$

(828)

US GAAP net loss per share, basic and diluted

$

(0.17)

$

(0.04)

$

(0.09)

$

(0.26)

$

(0.14)

Adjustment for stock-based compensation

0.05

0.04

0.05

0.09

0.07

Non-GAAP net loss per share, basic and diluted

$

(0.12)

$

—

$

(0.04)

$

(0.17)

$

(0.07)

US GAAP gross margin percentage

41.2

%

56.0

%

57.8

%

50.9

%

57.9

%

Adjustment for stock-based compensation included in cost of revenue

3.0

%

2.6

%

1.9

%

2.4

%

2.0

%

Non-GAAP gross margin percentage

44.2

%

58.6

%

59.7

%

53.3

%

59.9

%