QuickLogic Announces Fiscal 2016 First Quarter Results

________________________

(1) Derived from the January 3, 2016 audited balance sheet included in the 2015 Annual Report on Form 10-K of QuickLogic Corporation.

                           QUICKLOGIC CORPORATION                           
    SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES    
          (In thousands, except per share amounts and percentages)          
                                 (Unaudited)                                
                                                                            
                                             Three Months Ended             
                                 ------------------------------------------ 
                                   April 3,     March 29,      January 3,   
                                     2016          2015           2016      
                                 -----------  -------------  -------------- 
GAAP loss from operations        $    (4,984) $      (3,558) $       (4,719)
  Adjustment for stock-based                                                
   compensation within:                                                     
    Cost of revenue                       38             39              14 
    Research and development             291            191             213 
    Selling, general and                                                    
     administrative                      233            267             306 
  Adjustment for restructuring                                              
   costs                                  --             --              49 
                                 -----------  -------------  -------------- 
Non-GAAP loss from operations    $    (4,422) $      (3,061) $       (4,137)
                                 ===========  =============  ============== 
GAAP net loss                    $    (5,093) $      (3,638) $       (4,846)
  Adjustment for stock-based                                                
   compensation within:                                                     
    Cost of revenue                       38             39              14 
    Research and development             291            191             213 
    Selling, general and                                                    
     administrative                      233            267             306 
  Adjustment for restructuring                                              
   costs                                                                    --                          --                            49  
                                                                  -----------    -------------    --------------  
Non-GAAP  net  loss                                $        (4,531)  $            (3,141)  $              (4,264)
                                                                  ===========    =============    ==============  
GAAP  net  loss  per  share                    $          (0.09)  $              (0.06)  $                (0.09)
    Adjustment  for  stock-based                                                                                                
      compensation                                                  0.01                            *                        0.01  
    Adjustment  for  restructuring                                                                                            
      costs                                                                    --                          --                              *  
                                                                  -----------    -------------    --------------  
Non-GAAP  net  loss  per  share            $          (0.08)  $              (0.06)  $                (0.08)
                                                                  ===========    =============    ==============  
GAAP  gross  margin  percentage                        39.2%                    46.7%                      35.3%
    Adjustment  for  stock-based                                                                                                
      compensation                                                    1.3%                      0.7%                        0.4%
                                                                  ===========    =============    ==============  
Non-GAAP  gross  margin  percentage                40.5%                    47.4%                      35.7%
                                                                  ===========    =============    ==============  
                                                                                                                                                        
                                                                                                                                                        
 




Review Article Be the first to review this article

Featured Video
Jobs
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, CA
ASIC Hardware Engineer for BAE Systems Intelligence & Security at Arlington, VA
Applications Engineer for intersil at Palm Bay, FL
Design Verification Engineer for intersil at Morrisville, NC
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Upcoming Events
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018
DATE '18: Design, Automation and Test in Europe at International Congress Center Dresden Ostra-Ufer 2 Dresden Germany - Mar 19 - 23, 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise