QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Nine Months Ended

October 1,
2023

October 2,
2022

July 2,
2023

October 1,
2023

October 2,
2022

US GAAP income (loss) from operations

$

1,280

$

(1,240)

$

(2,226)

$

(2,046)

$

(2,876)

Adjustment for stock-based compensation within:

Cost of revenue

73

44

88

239

217

Research and development

171

149

158

513

325

Selling, general and administrative

372

294

340

1,165

805

Non-GAAP income (loss) from operations

$

1,896

$

(753)

$

(1,640)

$

(129)

$

(1,529)

US GAAP net income (loss)

$

1,192

$

(1,347)

$

(2,269)

$

(2,305)

$

(3,035)

Adjustment for stock-based compensation within:

Cost of revenue

73

44

88

239

217

Research and development

171

149

158

513

325

Selling, general and administrative

372

294

340

1,165

805

Non-GAAP net income (loss)

$

1,808

$

(860)

$

(1,683)

$

(388)

$

(1,688)

US GAAP net income (loss) per share, basic

$

0.09

$

(0.11)

$

(0.17)

$

(0.17)

$

(0.24)

Adjustment for stock-based compensation

0.04

0.04

0.05

0.14

0.10

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

$

0.13

$

(0.07)

$

(0.12)

$

(0.03)

$

(0.14)

US GAAP net income (loss) per share, diluted

$

0.08

$

(0.11)

$

(0.17)

$

(0.17)

$

(0.24)

Adjustment for stock-based compensation

0.05

0.04

0.05

0.14

0.10

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

$

0.13

$

(0.07)

$

(0.12)

$

(0.03)

$

(0.14)

US GAAP gross margin percentage

76.9

%

48.5

%

41.2

%

63.6

%

55.2

%

Adjustment for stock-based compensation included in cost of revenue

1.1

%

1.3

%

3.0

%

1.7

%

1.8

%

Non-GAAP gross margin percentage

78.0

%

49.8

%

44.2

%

65.3

%

57.0

%