| Monolithic Power Systems, Inc. | ||||||||||||||||
| Condensed Consolidated Statements of Operations | ||||||||||||||||
| (Unaudited, in thousands, except per share amounts) | ||||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2017 | 2016 | 2017 | 2016 | |||||||||||||
| Revenue | $ | 128,939 | $ | 106,456 | $ | 341,499 | $ | 285,047 | ||||||||
| Cost of revenue | 58,083 | 48,531 | 154,377 | 130,686 | ||||||||||||
| Gross profit | 70,856 | 57,925 | 187,122 | 154,361 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 21,442 | 20,472 | 60,629 | 55,669 | ||||||||||||
| Selling, general and administrative | 25,255 | 22,397 | 73,219 | 61,696 | ||||||||||||
| Litigation expense, net | 327 | 55 | 903 | 92 | ||||||||||||
| Total operating expenses | 47,024 | 42,924 | 134,751 | 117,457 | ||||||||||||
| Income from operations | 23,832 | 15,001 | 52,371 | 36,904 | ||||||||||||
| Interest and other income, net | 1,255 | 780 | 3,873 | 1,920 | ||||||||||||
| Income before income taxes | 25,087 | 15,781 | 56,244 | 38,824 | ||||||||||||
| Income tax provision | 1,445 | 1,408 | 3,112 | 2,678 | ||||||||||||
| Net income | $ | 23,642 | $ | 14,373 | $ | 53,132 | $ | 36,146 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 0.57 | $ | 0.35 | $ | 1.29 | $ | 0.90 | ||||||||
| Diluted | $ | 0.54 | $ | 0.34 | $ | 1.22 | $ | 0.87 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 41,458 | 40,590 | 41,276 | 40,335 | ||||||||||||
| Diluted | 43,486 | 41,895 | 43,384 | 41,752 | ||||||||||||
| Cash dividends declared per common share | $ | 0.20 | $ | 0.20 | $ | 0.60 | $ | 0.60 | ||||||||
Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2017
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