QUICKLOGIC CORPORATION | ||||||||||||||||||||
SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES | ||||||||||||||||||||
(in thousands, except per share amounts and percentages) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
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| Three Months Ended |
|
| Year Ended |
| ||||||||||||||
|
| December 29,
|
|
| December 30,
|
|
| September 29,
|
|
| December 29,
|
|
| December 30,
|
| |||||
US GAAP loss from operations |
| $ | (2,928) |
|
| $ | (3,052) |
|
| $ | (4,193) |
|
| $ | (15,363) |
|
| $ | (13,596) |
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
| 19 |
|
|
| 30 |
|
|
| 15 |
|
|
| 78 |
|
|
| 129 |
|
Research and development |
|
| 534 |
|
|
| 150 |
|
|
| 521 |
|
|
| 2,242 |
|
|
| 760 |
|
Selling, general and administrative |
|
| 101 |
|
|
| 294 |
|
|
| 212 |
|
|
| 824 |
|
|
| 1,012 |
|
Adjustment for the write-off of equipment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
| 2 |
|
|
| — |
|
|
| — |
|
|
| 4 |
|
|
| 5 |
|
Non-GAAP loss from operations |
| $ | (2,272) |
|
| $ | (2,578) |
|
| $ | (3,445) |
|
| $ | (12,215) |
|
| $ | (11,690) |
|
US GAAP net loss |
| $ | (3,063) |
|
| $ | (3,065) |
|
| $ | (4,271) |
|
| $ | (15,444) |
|
| $ | (13,779) |
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
| 19 |
|
|
| 30 |
|
|
| 15 |
|
|
| 78 |
|
|
| 129 |
|
Research and development |
|
| 534 |
|
|
| 150 |
|
|
| 521 |
|
|
| 2,242 |
|
|
| 760 |
|
Selling, general and administrative |
|
| 101 |
|
|
| 294 |
|
|
| 212 |
|
|
| 824 |
|
|
| 1,012 |
|
Adjustment for the write-off of equipment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
| 2 |
|
|
| — |
|
|
| — |
|
|
| 4 |
|
|
| 5 |
|
Non-GAAP net loss |
| $ | (2,407) |
|
| $ | (2,591) |
|
| $ | (3,523) |
|
| $ | (12,296) |
|
| $ | (11,873) |
|
US GAAP net loss per share (1) |
| $ | (0.37) |
|
| $ | (0.45) |
|
| $ | (0.51) |
|
| $ | (2.02) |
|
| $ | (2.16) |
|
Adjustment for stock-based compensation |
|
| 0.08 |
|
|
| 0.07 |
|
|
| 0.09 |
|
|
| 0.42 |
|
|
| 0.29 |
|
Non-GAAP net loss per share |
| $ | (0.29) |
|
| $ | (0.38) |
|
| $ | (0.42) |
|
| $ | (1.60) |
|
| $ | (1.87) |
|
US GAAP gross margin percentage |
|
| 64.9 | % |
|
| 51.7 | % |
|
| 48.2 | % |
|
| 57.3 | % |
|
| 50.2 | % |
Adjustment for stock-based compensation |
|
| 0.7 | % |
|
| 0.9 | % |
|
| 0.7 | % |
|
| 0.7 | % |
|
| 1.0 | % |
Non-GAAP gross margin percentage |
|
| 65.6 | % |
|
| 52.6 | % |
|
| 48.9 | % |
|
| 58.0 | % |
|
| 51.2 | % |
|
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| (1) Net loss per share is adjusted to reflect 1-for-14 reverse stock split effected on December 24, 2019 . |