QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Year Ended

January 1,
2023

January 2,
2022

October 2,
2022

January 1,
2023

January 2,
2022

US GAAP loss from operations

$                 (924)

$              (1,585)

$              (1,240)

$              (3,800)

$              (7,516)

Adjustment for stock-based compensation within:

Cost of revenue

55

150

44

272

282

Research and development

327

322

149

652

843

Selling, general and administrative

306

599

294

1,111

1,401

Non-GAAP loss from operations

$                 (236)

$                 (514)

$                 (753)

$              (1,765)

$              (4,990)

US GAAP net loss

$              (1,232)

$              (1,583)

$              (1,347)

$              (4,267)

$              (6,616)

Adjustment for stock-based compensation within:

Cost of revenue

55

150

44

272

282

Research and development

327

322

149

652

843

Selling, general and administrative

306

599

294

1,111

1,401

Non-GAAP net loss

$                 (544)

$                 (512)

$                 (860)

$              (2,232)

$              (4,090)

US GAAP net loss per share, basic and diluted 

$                (0.09)

$                (0.13)

$                (0.11)

$                (0.34)

$                (0.57)

Adjustment for stock-based compensation

0.05

0.09

0.04

0.16

0.22

Non-GAAP net loss per share, basic and diluted

$                (0.04)

$                (0.04)

$                (0.07)

$                (0.18)

$                (0.35)

US GAAP gross margin percentage

51.9 %

56.1 %

48.5 %

54.4 %

58.5 %

Adjustment for stock-based compensation included in cost of revenue

1.3 %

4.0 %

1.3 %

1.7 %

2.2 %

Non-GAAP gross margin percentage

53.2 %

60.1 %

49.8 %

56.1 %

60.7 %