QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Six Months Ended

July 4,
2021

June 28,
2020

April 4,
2021

July 4,
2021

June 28,
2020

US GAAP loss from operations

$

(1,980)

$

(2,895)

$

(2,690)

$

(4,670)

$

(5,957)

Adjustment for stock-based compensation within:

Cost of revenue

18

31

36

54

43

Research and development

82

486

157

239

22

Selling, general and administrative

102

224

175

277

278

Restructuring expenses and asset write-offs (1)

—

34

—

—

513

Non-GAAP loss from operations

$

(1,778)

$

(2,120)

$

(2,322)

$

(4,100)

$

(5,101)

US GAAP net loss

$

(2,062)

$

(2,979)

$

(1,689)

$

(3,751)

$

(6,144)

Adjustment for stock-based compensation within:

Cost of revenue

18

31

36

54

43

Research and development

82

486

157

239

22

Selling, general and administrative

102

224

175

277

278

Restructuring expenses and asset write-offs

—

34

—

—

513

Non-GAAP net loss

$

(1,860)

$

(2,204)

$

(1,321)

$

(3,181)

$

(5,288)

US GAAP net loss per share, basic and diluted

$

(0.18)

$

(0.35)

$

(0.15)

$

(0.33)

$

(0.73)

Adjustment for stock-based compensation

0.02

0.09

0.03

0.05

0.04

Restructuring expenses and asset write-offs

0

0

0

0.07

Non-GAAP net loss per share, basic and diluted

$

(0.16)

$

(0.26)

$

(0.12)

$

(0.28)

$

(0.62)

US GAAP gross margin percentage

50.9

%

45.7

%

51.1

%

51.0

%

48.7

%

Adjustment for stock-based compensation included in cost of revenue

0.6

%

1.4

%

1.6

%

1.0

%

1.0

%

Non-GAAP gross margin percentage

51.5

%

47.1

%

52.7

%

52.0

%

49.7

%