QuickLogic Announces Fiscal 2006 and Fourth Quarter Results - New Products Contribute 20% of 2006 Revenue

--------- ---------

TOTAL ASSETS $50,235 $54,996
========= =========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Trade payables $4,383 $3,338
Accrued liabilities 2,462 3,434
Deferred income on shipments to distributors 1,152 1,626
Deferred royalty revenue 960 --
Current portion of debt and capital lease
obligations 2,292 1,790
--------- ---------
Total current liabilities 11,249 10,188
--------- ---------

Long-term liabilities:
Debt and capital lease obligations, less current
portion 1,618 1,163
Deferred royalty revenue -- 1,408
--------- ---------
Total long-term liabilities 1,618 2,571
--------- ---------
Total liabilities 12,867 12,759
--------- ---------

Stockholders' equity:
Common stock, at par value 29 28
Additional paid-in capital 164,138 159,179
Accumulated other comprehensive income 726 377
Accumulated deficit (127,525) (117,347)
--------- ---------
Total stockholders' equity 37,368 42,237
--------- ---------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $50,235 $54,996
========= =========


(1) Derived from the December 31, 2005 audited balance sheet included in the 2005 Annual Report on Form 10-K of QuickLogic Corporation.

(2) Additional paid-in capital includes a January 1, 2006 SAB 108 cumulative effect transition adjustment of $964,000 associated with the Company's internal review of stock option granting practices and related accounting, with an offsetting entry to accumulated deficit.
                        QUICKLOGIC CORPORATION

SUPPLEMENTAL DATA
(Unaudited)

Percentage of Revenue Change in Revenue
------------------------- ------------------
Q4 Q3 Fiscal Fiscal Q3 2006 to 2005 to

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