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 2, 2023

April 3, 2022

January 1, 2023

US GAAP loss from operations

$ (1,100)

$

(1,009)

$

(924)

Adjustment for stock-based compensation within:

Cost of revenue

78

56

55

Research and development

184

85

327

Selling, general and administrative

453

242

306

Non-GAAP loss from operations

$

(385)

$

(626)

$

(236)

US GAAP net loss

$

(1,228)

$

(1,164)

$

(1,232)

Adjustment for stock-based compensation within:

Cost of revenue

78

56

55

Research and development

184

85

327

Selling, general and administrative

453

242

306

Non-GAAP net loss

$

(513)

$

(781)

$

(544)

US GAAP net loss per share, basic and diluted

$

(0.09)

$

(0.10)

$

(0.09)

Adjustment for stock-based compensation

0.05

0.04

0.05

Non-GAAP net loss per share, basic and diluted

$

(0.04)

$

(0.06)

$

(0.04)

US GAAP gross margin percentage

57.8

%

60.1

%

51.9

%

Adjustment for stock-based compensation included in cost of revenue

1.9

%

1.4

%

1.3

%

Non-GAAP gross margin percentage

59.7

%

61.5

%

53.2

%