| 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, | ||||||||||
| 2019 | 2018 | 2019 | 2018 | ||||||||
| Revenue | $ | 168,813 | $ | 159,975 | $ | 461,183 | $ | 428,885 | |||
| Cost of revenue | 75,655 | 70,957 | 206,794 | 190,810 | |||||||
| Gross profit | 93,158 | 89,018 | 254,389 | 238,075 | |||||||
| Operating expenses: | |||||||||||
| Research and development | 27,742 | 25,630 | 80,746 | 70,720 | |||||||
| Selling, general and administrative | 34,692 | 29,552 | 100,302 | 85,431 | |||||||
| Litigation expense | 692 | 343 | 1,473 | 1,513 | |||||||
| Total operating expenses | 63,126 | 55,525 | 182,521 | 157,664 | |||||||
| Income from operations | 30,032 | 33,493 | 71,868 | 80,411 | |||||||
| Interest and other income, net | 2,257 | 2,714 | 7,827 | 5,387 | |||||||
| Income before income taxes | 32,289 | 36,207 | 79,695 | 85,798 | |||||||
| Income tax expense | 2,761 | 4,639 | 3,293 | 8,168 | |||||||
| Net income | $ | 29,528 | $ | 31,568 | $ | 76,402 | $ | 77,630 | |||
| Net income per share: | |||||||||||
| Basic | $ | 0.68 | $ | 0.75 | $ | 1.77 | $ | 1.84 | |||
| Diluted | $ | 0.64 | $ | 0.71 | $ | 1.68 | $ | 1.75 | |||
| Weighted-average shares outstanding: | |||||||||||
| Basic | 43,308 | 42,362 | 43,055 | 42,173 | |||||||
| Diluted | 45,833 | 44,669 | 45,516 | 44,450 | |||||||
Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2019
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