QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

March 31, 2024

April 2, 2023

US GAAP income (loss) from operations

$

173

$

(1,100)

$

2,116

Adjustment for stock-based compensation within:

Cost of revenue

237

78

89

Research and development

357

184

82

Selling, general and administrative

969

453

434

Non-GAAP income (loss) from operations

$

1,736

$

(385)

$

2,721

US GAAP net income (loss)

$

108

$

(1,228)

$

2,042

Adjustment for stock-based compensation within:

Cost of revenue

237

78

89

Research and development

357

184

82

Selling, general and administrative

969

453

434

Non-GAAP net income (loss)

$

1,671

$

(513)

$

2,647

US GAAP net income (loss) per share, basic

$

0.01

$

(0.09)

$

0.15

Adjustment for stock-based compensation

0.11

0.05

0.04

Non-GAAP net income (loss) per share, basic

$

0.12

$

(0.04)

$

0.19

US GAAP net income (loss) per share, diluted

$

0.01

$

(0.09)

$

0.14

Adjustment for stock-based compensation

0.10

0.05

0.04

Non-GAAP net income (loss) per share, diluted

$

0.11

$

(0.04)

$

0.18

US GAAP gross margin percentage

66.3

%

57.8

%

77.1

%

Adjustment for stock-based compensation included in cost of revenue

4.0

%

1.9

%

1.2

%

Non-GAAP gross margin percentage

70.3

%

59.7

%

78.3

%