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%
                                                                  ===========    =============    ==============  
                                                                                                                                                        
                                                                                                                                                        
 




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