QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

April 1, 2018

April 2, 2017

December 31, 2017

US GAAP loss from operations

$

(3,871)

$

(3,468)

$

(3,474)

Adjustment for stock-based compensation within:

Cost of revenue

34

33

36

Research and development

183

139

190

Selling, general and administrative

215

146

155

Adjustment for the write-off of equipment within:

Research and development

—

—

2

Selling, general and administrative

5

—

—

Non-GAAP loss from operations

$

(3,434)

$

(3,150)

$

(3,091)

US GAAP net loss

$

(3,970)

$

(3,565)

$

(3,409)

Adjustment for stock-based compensation within:

Cost of revenue

34

33

36

Research and development

183

139

190

Selling, general and administrative

215

146

155

Adjustment for the write-off of equipment within:

Research and development

—

—

2

Selling, general and administrative

5

—

—

Non-GAAP net loss

$

(3,533)

$

(3,247)

$

(3,026)

US GAAP net loss per share

$

(0.05)

$

(0.05)

$

(0.04)

Adjustment for stock-based compensation

0.01

*

*

Non-GAAP net loss per share

$

(0.04)

$

(0.05)

$

(0.04)

US GAAP gross margin percentage

50.3

%

43.3

%

50.4

%

Adjustment for stock-based compensation

1.2

%

1.1

%

1.2

%

Adjustment for the write-off of equipment

*

—

%

*

Non-GAAP gross margin percentage

51.5

%

44.4

%

51.6

%

* Figures were not considered for reconciliation due to the insignificant amount.