QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Year Ended

December 30,
2018

December 31,
2017

September 30,
2018

December 30,
2018

December 31,
2017

US GAAP loss from operations

$

(3,052)

$

(3,474)

$

(3,227)

$

(13,596)

$

(13,950)

Adjustment for stock-based compensation within:

Cost of revenue

30

36

30

129

121

Research and development

150

190

220

760

614

Selling, general and administrative

294

155

266

1,012

706

Adjustment for the write-off of equipment

—

2

—

5

12

Non-GAAP loss from operations

$

(2,578)

$

(3,091)

$

(2,711)

$

(11,690)

$

(12,497)

US GAAP net loss

$

(3,065)

$

(3,409)

$

(3,260)

$

(13,779)

$

(14,131)

Adjustment for stock-based compensation within:

Cost of revenue

30

36

30

129

121

Research and development

150

190

220

760

614

Selling, general and administrative

294

155

266

1,012

706

Adjustment for the write-off of equipment

—

2

—

5

12

Non-GAAP net loss

$

(2,591)

$

(3,026)

$

(2,744)

$

(11,873)

$

(12,678)

US GAAP net loss per share

$

(0.03)

$

(0.04)

$

(0.03)

$

(0.15)

$

(0.18)

Adjustment for stock-based compensation

-

*

-

0.01

0.01

Non-GAAP net loss per share

$

(0.03)

$

(0.04)

$

(0.03)

$

(0.14)

$

(0.17)

US GAAP gross margin percentage

51.7

%

50.4

%

49.7

%

50.2

%

45.5

%

Adjustment for stock-based compensation

0.9

%

1.2

%

0.8

%

1.0

%

0.9

%

Adjustment for the write-off of equipment

—

*

—

*

*

Non-GAAP gross margin percentage

52.6

%

51.6

%

50.5

%

51.2

%

46.4

%

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