QUICKLOGIC CORPORATION Proforma Statement of Operations Non-GAAP
Q1'15
Q2'15
Q3'15
Q4'15
2015
Q1'16
Q2'16
Q3'16
Q4'16
2016
Q1'17
Q2'17
Q3'17
New product Mature product Total Revenue
$4,144 2,015 6,159
$2,953 2,020 4,973
$2,855 1,339 4,194
$2,068 1,562 3,630
$12,020 6,936 18,956
$1,492 1,458 2,950
$1,197 1,520 2,717
$1,339 1,470 2,809
$1,594 1,351 2,945
$5,622 5,799 11,421
$1,912 1,258 3,170
$1,490 1,536 3,026
$1,478 1,494 2,972
Cost of revenue Gross profit
3,241 2,918
2,803 2,170
2,915 1,279
2,335 1,295
11,294 7,662
1,756 1,194
1,894 823
1,851 958
1,965 980
7,466 3,955
1,764 1,406
1,626 1,400
1,674 1,298
Gross margin % Research and development Selling, general and administrative Total operating expenses Loss from operations Interest expense Interest income and other (expense), net Loss before income taxes Provision for income taxes Net loss
47%
44%
30%
36%
40%
40%
30%
34%
33%
35%
44%
46%
44%
Q4'17
2018 Q3 YTD
2017
Q1'18
Q2'18
Q3'18
$972 2,009 2,981
$5,852 6,297 12,149
$1,300 1,464 2,764
$1,581 1,541 3,122
$1,523 1,987 3,510
$4,404 4,992 9,396
1,442 1,539
6,506 5,643
1,341 1,423
1,557 1,565
1,737 1,773
4,635 4,761
52%
46%
52%
50%
51%
51%
3,286 2,693 5,979
3,281 2,438 5,719
3,474 2,268 5,742
3,277 2,155 5,432
13,318 9,554 22,872
3,156 2,460 5,616
3,196 2,374 5,570
2,617 2,413 5,030
2,325 2,265 4,590
11,294 9,512 20,806
2,288 2,268 4,556
2,185 2,421 4,606
2,207 2,141 4,348
2,266 2,364 4,630
8,946 9,194 18,140
2,516 2,341 4,857
2,159 2,373 4,532
2,241 2,243 4,484
6,916 6,957 13,873
(3,061)
(3,549)
(4,463)
(4,137)
(15,210)
(4,422)
(4,747)
(4,072)
(3,610)
(16,851)
(3,150)
(3,206)
(3,050)
(3,091)
(12,497)
(3,434)
(2,967)
(2,711)
(9,112)
(14) (26)
(15) (33)
(35) (39)
(18) (9)
(82) (107)
(38) (7)
(34) (15)
(37) (41)
(66) (43)
(175) (106)
(61) -
(21) 1
(15) (3)
(18) 23
(115) 21
(24) (14)
(32) 23
(21) 17
(77) 26
(3,101) (40)
(3,597) (21)
(4,537) 15
(4,164) (100)
(15,399) (146)
(4,467) (64)
(4,796) (27)
(4,150) 23
(3,719) 3
(17,132) (65)
(3,211) (36)
(3,226) (34)
(3,068) (77)
(3,086) 60
(12,591) (87)
(3,472) (61)
(2,976) (29)
(2,715) (29)
(9,163) (119)
($3,247) ($3,260) ($3,145) ($3,026) ($12,678)
($3,533)
($3,005)
($2,744)
($9,282)
($3,141) ($3,618) ($4,522) ($4,264) ($15,545)
($4,531) ($4,823) ($4,127) ($3,716) ($17,197)
Basic Diluted
($0.06) ($0.06)
($0.06) ($0.06)
($0.08) ($0.08)
($0.08) ($0.08)
($0.28) ($0.28)
($0.08) ($0.08)
($0.07) ($0.07)
($0.06) ($0.06)
($0.05) ($0.05)
($0.26) ($0.26)
($0.05) $ (0.04) $ (0.04) $ (0.04) $ (0.17) ($0.05) $ (0.04) $ (0.04) $ (0.04) ($0.17)
Weighted average shares: Basic Diluted
56,190 56,190
56,359 56,359
56,588 56,588
56,729 56,729
56,472 56,472
58,371 58,371
67,415 67,415
67,781 67,781
67,941 67,941
65,377 65,377
68,794 68,794
QuickLogic Corporation
79,799 79,799
80,125 80,125
80,353 80,353
77,291 77,291
$ (0.04) $ ($0.04) $
80,571 80,571
(0.04) $ (0.04) $
85,753 85,753
(0.03) $ (0.03) $
94,725 94,725
(0.11) (0.11)
87,040 87,040