QUICKLOGIC CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
---------------------------- ------------------
June 29, June 30, March June 29, June 30,
2014 2013 30, 2014 2014 2013
-------- -------- -------- -------- --------
GAAP loss from operations $ (2,888) $ (3,020) $ (2,048) $ (4,936) $ (6,534)
Adjustment for stock-
based compensation
within:
Cost of revenue 36 22 42 78 52
Research and
development 221 46 353 574 212
Selling, general and
administrative 309 217 337 646 473
Adjustment for
restructuring costs - 206 - - 213
-------- -------- -------- -------- --------
Non-GAAP loss from
operations $ (2,322) $ (2,529) $ (1,316) $ (3,638) $ (5,584)
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GAAP net loss $ (2,897) $ (3,241) $ (2,110) $ (5,007) $ (6,825)
Adjustment for stock-
based compensation
within:
Cost of revenue 36 22 42 78 52
Research and
development 221 46 353 574 212
Selling, general and
administrative 309 217 337 646 473
Adjustment for
restructuring costs - 206 - - 213
Adjustment for gain on
sale of TowerJazz
Semiconductor Ltd.
shares - (181) - - (181)
Adjustment for tax
effect on other
comprehensive income - 273 - - 273
-------- -------- -------- -------- --------
Non-GAAP net loss $ (2,331) $ (2,658) $ (1,378) $ (3,709) $ (5,783)
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GAAP net loss per share $ (0.05) $ (0.07) $ (0.04) $ (0.09) $ (0.15)
Adjustment for stock-
based compensation 0.01 0.01 0.01 0.02 0.02
Adjustment for
restructuring costs - 0.01 - - 0.01
Adjustment for gain on
sale of TowerJazz
Semiconductor Ltd.
shares - (0.01) - - (0.01)
Adjustment for tax
effect on other
comprehensive income - 0.01 - - 0.01
-------- -------- -------- -------- --------
Non-GAAP net loss per
share $ (0.04) $ (0.05) $ (0.03) $ (0.07) $ (0.12)
======== ======== ======== ======== ========
GAAP gross margin
percentage 44.1% 37.8% 36.3% 39.3% 36.5%
Adjustment for stock-
based compensation 0.5% 0.4% 0.4% 0.4% 0.6%
-------- -------- -------- -------- --------
Non-GAAP gross margin
percentage 44.6% 38.2% 36.7% 39.7% 37.1%
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QUICKLOGIC CORPORATION
SUPPLEMENTAL DATA
(Unaudited)
Percentage of Revenue Change in Revenue
------------------------- -----------------
Q2 2013 Q1 2014
to Q2 to Q2
Q2 2014 Q2 2013 Q1 2014 2014 2014
------- ------- ------- ------- -------
COMPOSITION OF REVENUE
Revenue by product (1):
New products 66% 60% 80% 45% (50)%
Mature products 34% 40% 20% 16% 5%
Revenue by geography:
Korea 39% 46% 70% 12% (66)%
Europe 20% 7% 7% 300% 84%
United States 13% 20% 10% (13)% (16)%
Malaysia 10% 7% 4% 99% 50%
Japan 9% 10% 6% 26% (6)%
China 8% 7% 3% 39% 35%
Rest of North America 1% 2% 0% (35)% 128%
Rest of Asia Pacific 0% 1% 0% (63)% 180%
