Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2022
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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES |
| (Unaudited, in thousands) |
| | |
Three Months Ended March 31, | |
| | |
2022 | | |
2021 | |
| Total income before income taxes | | $ | 95,500 | | | $ | 48,673 | |
| | | | | | | | | |
| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | | | | | | | |
| Stock-based compensation expense | | | 39,811 | | | | 28,583 | |
| Amortization of purchased intangible assets | | | 33 | | | | - | |
| Deferred compensation plan income | | | (173 | ) | | | (57 | ) |
| Non-GAAP income before income taxes | | $ | 135,171 | | | $ | 77,199 | |
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2022 SECOND QUARTER OUTLOOK |
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN |
| (Unaudited) |
| | |
Three Months Ending | |
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June 30, 2022 | |
| | |
Low | | |
High | |
| Gross margin | | | 58.4 | % | | | 59.0 | % |
| Adjustment to reconcile gross margin to non-GAAP gross margin: | | | | | | | | |
| Stock-based compensation expense | | | 0.3 | % | | | 0.3 | % |
| Non-GAAP gross margin | | | 58.7 | % | | | 59.3 | % |
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RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES |
| (Unaudited, in thousands) |
