Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2022
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN |
| (Unaudited, in thousands) |
| | |
Three Months Ended March 31, | |
| | |
2022 | | |
2021 | |
| Gross profit | | $ | 218,880 | | | $ | 141,059 | |
| Gross margin | | | 57.9 | % | | | 55.4 | % |
| | | | | | | | | |
| Adjustments to reconcile gross profit to non-GAAP gross profit: | | | | | | | | |
| Stock-based compensation expense | | | 1,307 | | | | 816 | |
| Deferred compensation plan expense (income) | | | (3 | ) | | | 161 | |
| Non-GAAP gross profit | | $ | 220,184 | | | $ | 142,036 | |
| Non-GAAP gross margin | | | 58.3 | % | | | 55.8 | % |
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RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES |
| (Unaudited, in thousands) |
| | |
Three Months Ended March 31, | |
| | |
2022 | | |
2021 | |
| Total operating expenses | | $ | 122,746 | | | $ | 94,973 | |
| | | | | | | | | |
| Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: | | | | | | | | |
| Stock-based compensation expense | | | (38,504 | ) | | | (27,767 | ) |
| Amortization of purchased intangible assets | | | (33 | ) | | | - | |
| Deferred compensation plan income (expense) | | | 2,362 | | | | (959 | ) |
| Non-GAAP operating expenses | | $ | 86,571 | | | $ | 66,247 | |
