Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend
2022 FIRST QUARTER OUTLOOK |
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN |
(Unaudited) |
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| |
Three Months Ending | |
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March 31, 2022 | |
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Low | | |
High | |
Gross margin | | | 57.4 | % | | | 58.0 | % |
Adjustment to reconcile gross margin to non-GAAP gross margin: | | | | | | | | |
Stock-based compensation expense | | | 0.3 | % | | | 0.3 | % |
Non-GAAP gross margin | | | 57.7 | % | | | 58.3 | % |
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RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES |
(Unaudited, in thousands) |
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| |
Three Months Ending | |
| |
March 31, 2022 | |
| |
Low | | |
High | |
R&D and SG&A expense | | $ | 119,200 | | | $ | 123,200 | |
Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense: | | | | | | | | |
Stock-based compensation expense | | | (35,800 | ) | | | (37,800 | ) |
Non-GAAP R&D and SG&A expense | | $ | 83,400 | | | $ | 85,400 | |
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