(1) Derived from the January 3, 2016 audited balance sheet included in the 2015 Annual Report on Form 10-K of QuickLogic Corporation.
QUICKLOGIC CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts and percentages)
(Unaudited)
Three Months Ended
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April 3, March 29, January 3,
2016 2015 2016
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GAAP loss from operations $ (4,984) $ (3,558) $ (4,719)
Adjustment for stock-based
compensation within:
Cost of revenue 38 39 14
Research and development 291 191 213
Selling, general and
administrative 233 267 306
Adjustment for restructuring
costs -- -- 49
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Non-GAAP loss from operations $ (4,422) $ (3,061) $ (4,137)
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GAAP net loss $ (5,093) $ (3,638) $ (4,846)
Adjustment for stock-based
compensation within:
Cost of revenue 38 39 14
Research and development 291 191 213
Selling, general and
administrative 233 267 306
Adjustment for restructuring
costs -- -- 49
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Non-GAAP net loss $ (4,531) $ (3,141) $ (4,264)
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GAAP net loss per share $ (0.09) $ (0.06) $ (0.09)
Adjustment for stock-based
compensation 0.01 * 0.01
Adjustment for restructuring
costs -- -- *
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Non-GAAP net loss per share $ (0.08) $ (0.06) $ (0.08)
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GAAP gross margin percentage 39.2% 46.7% 35.3%
Adjustment for stock-based
compensation 1.3% 0.7% 0.4%
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Non-GAAP gross margin percentage 40.5% 47.4% 35.7%
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