Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Revenue | $ | 186,209 | $ | 151,007 | $ | 351,987 | $ | 292,370 | ||||||||
| Cost of revenue | 83,616 | 67,782 | 157,947 | 131,139 | ||||||||||||
| Gross profit | 102,593 | 83,225 | 194,040 | 161,231 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 31,673 | 27,545 | 57,629 | 53,003 | ||||||||||||
| Selling, general and administrative | 40,883 | 35,058 | 73,047 | 65,611 | ||||||||||||
| Litigation expense | 2,082 | 503 | 4,423 | 781 | ||||||||||||
| Total operating expenses | 74,638 | 63,106 | 135,099 | 119,395 | ||||||||||||
| Income from operations | 27,955 | 20,119 | 58,941 | 41,836 | ||||||||||||
| Other income, net | 5,200 | 2,229 | 3,486 | 5,569 | ||||||||||||
| Income before income taxes | 33,155 | 22,348 | 62,427 | 47,405 | ||||||||||||
| Income tax expense (benefit) | 2,988 | 1,655 | (3,495 | ) | 531 | |||||||||||
| Net income | $ | 30,167 | $ | 20,693 | $ | 65,922 | $ | 46,874 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 0.67 | $ | 0.48 | $ | 1.48 | $ | 1.09 | ||||||||
| Diluted | $ | 0.64 | $ | 0.45 | $ | 1.41 | $ | 1.03 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 44,785 | 43,109 | 44,620 | 42,929 | ||||||||||||
| Diluted | 46,831 | 45,483 | 46,750 | 45,358 | ||||||||||||
