QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Six Months Ended

June 30, 2019

July 1, 2018

March 31, 2019

June 30, 2019

July 1, 2018

US GAAP loss from operations

$

(4,533)

$

(3,446)

$

(3,709)

$

(8,242)

$

(7,317)

Adjustment for stock-based compensation within:

Cost of revenue

18

35

26

44

69

Research and development

532

207

655

1,187

390

Selling, general and administrative

241

237

270

511

452

Adjustment for the write-off of equipment:

Selling, general and administrative

2

—

—

2

5

Non-GAAP loss from operations

$

(3,740)

$

(2,967)

$

(2,758)

$

(6,498)

$

(6,401)

US GAAP net loss

$

(4,634)

$

(3,484)

$

(3,476)

$

(8,110)

$

(7,454)

Adjustment for stock-based compensation within:

Cost of revenue

18

35

26

44

69

Research and development

532

207

655

1,187

390

Selling, general and administrative

241

237

270

511

452

Adjustment for the write-off of equipment:

Selling, general and administrative

2

—

—

2

5

Non-GAAP net loss

$

(3,841)

$

(3,005)

$

(2,525)

$

(6,366)

$

(6,538)

US GAAP net loss per share

$

(0.05)

$

(0.04)

$

(0.04)

$

(0.09)

$

(0.09)

Adjustment for stock-based compensation

0.01

0.01

0.02

0.01

Non-GAAP net loss per share

$

(0.04)

$

$

(0.03)

$

(0.07)

$

(0.08)

US GAAP gross margin percentage

49.0

%

49.0

%

62.0

%

56.8

%

49.6

%

Adjustment for stock-based compensation

0.8

%

1.1

%

0.8

%

0.9

%

1.2

%

Non-GAAP gross margin percentage

49.8

%

50.1

%

62.8

%

57.7

%

50.8

%

* Figures were not considered for reconciliation due to the insignificant amount.