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CODE: QUIK-E
– Tables Follow –
QUICKLOGIC CORPORATION | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||||||
(in thousands, except per share amounts) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
|
| ||||||||||||||||||||
|
|
| Three Months Ended |
|
| Nine Months Ended |
| ||||||||||||||
|
|
| September 30,
|
|
| October 1, 2017 |
|
| July 1, 2018 |
|
| September 30,
|
|
| October 1, 2017 |
| |||||
Revenue |
| $ | 3,510 |
|
| $ | 2,972 |
|
| $ | 3,122 |
|
| $ | 9,396 |
|
| $ | 9,168 |
|
Cost of revenue |
|
| 1,767 |
|
|
| 1,706 |
|
|
| 1,592 |
|
|
| 4,734 |
|
|
| 5,149 |
|
Gross profit |
|
| 1,743 |
|
|
| 1,266 |
|
|
| 1,530 |
|
|
| 4,662 |
|
|
| 4,019 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
| 2,461 |
|
|
| 2,368 |
|
|
| 2,366 |
|
|
| 7,526 |
|
|
| 7,114 |
|
Selling, general and administrative |
|
| 2,509 |
|
|
| 2,353 |
|
|
| 2,610 |
|
|
| 7,680 |
|
|
| 7,381 |
|
Total operating expense |
|
| 4,970 |
|
|
| 4,721 |
|
|
| 4,976 |
|
|
| 15,206 |
|
|
| 14,495 |
|
Loss from operations |
|
| (3,227) |
|
|
| (3,455) |
|
|
| (3,446) |
|
|
| (10,544) |
|
|
| (10,476) |
|
| Interest expense |
|
| (21) |
|
|
| (15) |
|
|
| (32) |
|
|
| (77) |
|
|
| (97) |
|
| Interest income and other (expense), net |
|
| 17 |
|
|
| (3) |
|
|
| 23 |
|
|
| 26 |
|
|
| (2) |
|
| Loss before income taxes |
|
| (3,231) |
|
|
| (3,473) |
|
|
| (3,455) |
|
|
| (10,595) |
|
|
| (10,575) |
|
| Provision for income taxes |
|
| 29 |
|
|
| 77 |
|
|
| 29 |
|
|
| 119 |
|
|
| 147 |
|
| Net loss |
| $ | (3,260) |
|
| $ | (3,550) |
|
| $ | (3,484) |
|
| $ | (10,714) |
|
| $ | (10,722) |
|
| Net loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
| $ | (0.03) |
|
| $ | (0.04) |
|
| $ | (0.04) |
|
| $ | (0.12) |
|
| $ | (0.14) |
|
| Diluted |
| $ | (0.03) |
|
| $ | (0.04) |
|
| $ | (0.04) |
|
| $ | (0.12) |
|
| $ | (0.14) |
|
| Weighted average shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
| 94,725 |
|
|
| 80,125 |
|
|
| 85,753 |
|
|
| 87,040 |
|
|
| 76,267 |
|
| Diluted |
|
| 94,725 |
|
|
| 80,125 |
|
|
| 85,753 |
|
|
| 87,040 |
|
|
| 76,267 |
|
