(1) Derived from the December 28, 2014 audited balance sheet included in
the 2014 Annual Report on Form 10-K of QuickLogic Corporation.
QUICKLOGIC CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Year Ended
--------------------------------- ---------------------
January 3, December September January 3, December
2016 28, 2014 27, 2015 2016 28, 2014
---------- --------- ---------- ---------- ---------
GAAP loss from
operations $ (4,719) $ (3,991) $ (5,027) $ (17,513) $ (12,800)
Adjustment for
stock-based
compensation
within:
Cost of revenue 14 27 29 109 137
Research and
development 213 174 210 826 924
Selling, general
and
administrative 306 291 240 1,065 1,181
Adjustment for the
write-off of
equipment within:
Cost of revenue -- -- 8 8 --
Selling, general
and
administrative -- -- -- -- 5
Adjustment for
restructuring
costs 49 -- 77 295 --
---------- --------- ---------- ---------- ---------
Non-GAAP loss from
operations $ (4,137) $ (3,499) $ (4,463) $ (15,210) $ (10,553)
========== ========= ========== ========== =========
GAAP net loss $ (4,846) $ (4,142) $ (5,086) $ (17,848) $ (13,079)
Adjustment for
stock-based
compensation
within:
Cost of revenue 14 27 29 109 137
Research and
development 213 174 210 826 924
Selling, general
and
administrative 306 291 240 1,065 1,181
Adjustment for the
write-off of
equipment within:
Cost of revenue -- -- 8 8 --
Selling, general
and
administrative -- -- -- -- 5
Adjustment for
restructuring
costs 49 -- 77 295 --
---------- --------- ---------- ---------- ---------
Non-GAAP net loss $ (4,264) $ (3,650) $ (4,522) $ (15,545) $ (10,832)
========== ========= ========== ========== =========
GAAP net loss per
share $ (0.09) $ (0.07) $ (0.09) $ (0.32) $ (0.23)
Adjustment for
stock-based
compensation 0.01 0.01 0.01 0.04 0.04
Adjustment for the
write-off of
equipment -- -- * * --
Adjustment for
restructuring
costs * -- * * --
---------- --------- ---------- ---------- ---------
Non-GAAP net loss
per share $ (0.08) $ (0.06) $ (0.08) $ (0.28) $ (0.19)
========== ========= ========== ========== =========
GAAP gross margin
percentage 35.3% 38.7% 29.6% 39.8% 39.7%
Adjustment for
stock-based
compensation 0.4% 0.4% 0.7% 0.6% 0.5%
Adjustment for the
write-off
equipment --% --% 0.2% * --%
========== ========= ========== ========== =========
Non-GAAP gross
margin percentage 35.7% 39.1% 30.5% 40.4% 40.2%
========== ========= ========== ========== =========
