QUICKLOGIC CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES
(in thousands, except per share amounts and percentages)
(Unaudited)

Three Months Ended

Nine Months Ended

September
27, 2020

September
29, 2019

June 28,
2020

September
27, 2020

September
29, 2019

US GAAP loss from operations

$

(2,046)

$

(4,193)

$

(2,895)

$

(8,003)

$

(12,435)

Adjustment for stock-based compensation
within:

Cost of revenue

37

15

31

80

59

Research and development

51

521

486

73

1,708

Selling, general and administrative

170

212

224

448

723

Restructuring expenses and asset write-offs (1)

120

—

34

633

2

Non-GAAP loss from operations

$

(1,668)

$

(3,445)

$

(2,120)

$

(6,769)

$

(9,943)

US GAAP net loss

$

(2,065)

$

(4,271)

$

(2,979)

$

(8,209)

$

(12,381)

Adjustment for stock-based compensation
within:

Cost of revenue

37

15

31

80

59

Research and development

51

521

486

73

1,708

Selling, general and administrative

170

212

224

448

723

Restructuring expenses and asset write-offs (1)

120

—

34

633

2

Non-GAAP net loss

$

(1,687)

$

(3,523)

$

(2,204)

$

(6,975)

$

(9,889)

US GAAP net loss per share, basic and diluted (2)

$

(0.19)

$

(0.51)

$

(0.35)

$

(0.88)

$

(1.66)

Adjustment for stock-based compensation

0.03

0.09

0.09

0.07

0.33

Restructuring expenses and asset write-offs (1)

0.01

*

*

0.06

0

Non-GAAP net loss per share, basic and diluted

$

(0.15)

$

(0.42)

$

(0.26)

$

(0.75)

$

(1.33)

US GAAP gross margin percentage

51.9

%

48.2

%

45.7

%

49.6

%

54.3

%

Adjustment for stock-based compensation
included in cost of revenue

2.0

%

0.7

%

1.4

%

1.3

%

0.8

%

Non-GAAP gross margin percentage

53.9

%

48.9

%

47.1

%

50.9

%

55.1

%

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

(1) Include asset write-offs of $9,000 in the three and nine months ended September 27, 2020 and $2,000 for the nine months ended September 29, 2019.

(2) Net loss per share for the three and nine months ended September 29, 2019 is adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019.