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Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2021 | 2020 | |||||||
| Revenue | $ | 254,455 | $ | 165,778 | ||||
| Cost of revenue | 113,396 | 74,331 | ||||||
| Gross profit | 141,059 | 91,447 | ||||||
| Operating expenses: | ||||||||
| Research and development | 41,892 | 25,956 | ||||||
| Selling, general and administrative | 51,453 | 32,164 | ||||||
| Litigation expense | 1,628 | 2,341 | ||||||
| Total operating expenses | 94,973 | 60,461 | ||||||
| Income from operations | 46,086 | 30,986 | ||||||
| Other income (expense), net | 2,587 | (1,714 | ) | |||||
| Income before income taxes | 48,673 | 29,272 | ||||||
| Income tax expense (benefit) | 3,260 | (6,484 | ) | |||||
| Net income | $ | 45,413 | $ | 35,756 | ||||
| Net income per share: | ||||||||
| Basic | $ | 1.00 | $ | 0.80 | ||||
| Diluted | $ | 0.95 | $ | 0.77 | ||||
| Weighted-average shares outstanding: | ||||||||
| Basic | 45,498 | 44,455 | ||||||
| Diluted | 47,711 | 46,670 | ||||||
Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2021
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