QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

July 3, 2022

July 4, 2021

April 3,
2022

July 3,
2022

July 4,
2021

US GAAP loss from operations

$

(627)

$

(1,980)

$

(1,009)

$

(1,636)

$

(4,670)

Adjustment for stock-based compensation
within:

Cost of revenue

117

18

56

173

54

Research and development

91

82

85

176

239

Selling, general and administrative

269

102

242

511

277

Non-GAAP loss from operations

$

(150)

$

(1,778)

$

(626)

$

(776)

$

(4,100)

US GAAP net loss

$

(524)

$

(2,062)

$

(1,164)

$

(1,688)

$

(3,751)

Adjustment for stock-based compensation within:

Cost of revenue

117

18

56

173

54

Research and development

91

82

85

176

239

Selling, general and administrative

269

102

242

511

277

Non-GAAP net loss

$

(47)

$

(1,860)

$

(781)

$

(828)

$

(3,181)

US GAAP net loss per share, basic and diluted

$

(0.04)

$

(0.18)

$

(0.10)

$

(0.14)

$

(0.33)

Adjustment for stock-based compensation

0.04

0.02

0.04

0.07

0.05

Non-GAAP net loss per share, basic and diluted

$

—

$

(0.16)

$

(0.06)

$

(0.07)

$

(0.28)

US GAAP gross margin percentage

56.0

%

50.9

%

60.1

%

57.9

%

51.0

%

Adjustment for stock-based compensation
included in cost of revenue

2.6

%

0.6

%

1.4

%

2.0

%

1.0

%

Non-GAAP gross margin percentage

58.6

%

51.5

%

61.5

%

59.9

%

52.0

%