Item 2.02 Results of Operations and Financial Condition.

On January 28, 2020, QuickLogic Corporation (the "Company") issued a press release reaffirming its expectations for fourth quarter 2019 revenue of $3.0 million plus or minus 10%.

This expectation is a forward-looking statement subject to risks and uncertainties, including that the fourth quarter of 2019 revenue expectations are preliminary, and adjustments may be made during the audit process. The information furnished in Item 2.02 of this Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 2.05 Costs Associated with Exit or Disposal Activities.

On January 28, 2020, the Company issued a press release announcing a restructuring plan that will significantly lower its annual operating expenses.

The restructuring plan was approved by the Company's Board of Directors on January 24, 2020. The majority of the restructuring will come from personnel reductions, which will be across all parts of the Company and geographies, reducing total personnel by approximately 30% by the end of the first quarter.

In conjunction with this plan, the Company estimates it will incur approximately $600,000 of restructuring expenses, of which approximately $500,000 will be cash expenditures with the majority coming in the first quarter of fiscal 2020.

A copy of the press release is furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

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