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

June 30,
2024

July 2, 2023

March 31,
2024

June 30,
2024

July 2, 2023

US GAAP income (loss) from operations

$

(1,517)

$

(2,226)

$

173

$

(1,344)

$

(3,326)

Adjustment for stock-based compensation within:

Cost of revenue

88

88

237

325

166

Research and development

197

158

357

554

342

Selling, general and administrative

517

340

969

1,486

793

Non-GAAP income (loss) from operations

$

(715)

$

(1,640)

$

1,736

$

1,021

$

(2,025)

US GAAP net income (loss)

$

(1,550)

$

(2,269)

$

108

$

(1,442)

$

(3,497)

Adjustment for stock-based compensation within:

Cost of revenue

88

88

237

325

166

Research and development

197

158

357

554

342

Selling, general and administrative

517

340

969

1,486

793

Non-GAAP net income (loss)

$

(748)

$

(1,683)

$

1,671

$

923

$

(2,196)

US GAAP net income (loss) per share, basic

$

(0.11)

$

(0.17)

$

0.01

$

(0.10)

$

(0.26)

Adjustment for stock-based compensation

0.06

0.05

0.11

0.16

0.09

Non-GAAP net income (loss) per share, basic

$

(0.05)

$

(0.12)

$

0.12

$

0.06

$

(0.17)

US GAAP net income (loss) per share, diluted

$

(0.11)

$

(0.17)

$

0.01

$

(0.10)

$

(0.26)

Adjustment for stock-based compensation

0.06

0.05

0.10

0.16

0.09

Non-GAAP net income (loss) per share, diluted

$

(0.05)

$

(0.12)

$

0.11

$

0.06

$

(0.17)

US GAAP gross margin percentage

51.0

%

41.2

%

66.3

%

60.1

%

50.9

%

Adjustment for stock-based compensation included
in cost of revenue

2.1

%

3.0

%

4.0

%

3.2

%

2.4

%

Non-GAAP gross margin percentage

53.1

%

44.2

%

70.3

%

63.3

%

53.3

%