Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend


 
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands)
 
   Three Months Ended December 31,   Year Ended December 31, 
   2021   2020   2021   2020 
Gross profit $193,873  $128,874  $685,459  $465,954 
Gross margin  57.6%  55.3%  56.8%  55.2%
                 
Adjustments to reconcile gross profit to non-GAAP gross profit:                
Stock-based compensation expense  921   686   3,543   2,592 
Deferred compensation plan expense  156   281   256   931 
Non-GAAP gross profit $194,950  $129,841  $689,258   $ 469,477  
Non-GAAP gross margin     57.9 %     55.7 %     57.1 %     55.6 %
                                 

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