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
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Job Openings: Can EDA Predict the Future
More Editorial  
Jobs
Technical Support Engineer Germany/UK for EDA Careers at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Engr, Elec Des 2 for KLA-Tencor at Milpitas, CA
ASIC Design Engineer 2 for Ambarella at Santa Clara, CA
Lead Java Platform Engineer IOT-WEB for EDA Careers at San Francisco Area, CA
Verification Engineer for Ambarella at Santa Clara, CA
Upcoming Events
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
DVCon 2017 China, April 19, 2017, Parkyard Hotel Shanghai, China at Parkyard Hotel Shanghai Shanghai China - Apr 19, 2017
Zuken Innovation World 2017 at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy