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Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Revenue | $ | 460,012 | $ | 336,504 | $ | 1,794,148 | $ | 1,207,798 | ||||||||
| Cost of revenue | 192,203 | 142,631 | 745,596 | 522,339 | ||||||||||||
| Gross profit | 267,809 | 193,873 | 1,048,552 | 685,459 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 61,674 | 54,514 | 240,171 | 190,627 | ||||||||||||
| Selling, general and administrative | 66,057 | 61,208 | 273,595 | 226,190 | ||||||||||||
| Litigation expense (benefit), net | 3,186 | (420 | ) | 8,001 | 6,225 | |||||||||||
| Total operating expenses | 130,917 | 115,302 | 521,767 | 423,042 | ||||||||||||
| Operating income | 136,892 | 78,571 | 526,785 | 262,417 | ||||||||||||
| Other income (expense), net | 3,872 | 3,391 | (1,848 | ) | 9,802 | |||||||||||
| Income before income taxes | 140,764 | 81,962 | 524,937 | 272,219 | ||||||||||||
| Income tax expense | 21,674 | 9,291 | 87,265 | 30,196 | ||||||||||||
| Net income | $ | 119,090 | $ | 72,671 | $ | 437,672 | $ | 242,023 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 2.53 | $ | 1.58 | $ | 9.37 | $ | 5.28 | ||||||||
| Diluted | $ | 2.45 | $ | 1.51 | $ | 9.05 | $ | 5.05 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 46,979 | 46,139 | 46,727 | 45,851 | ||||||||||||
| Diluted | 48,549 | 48,240 | 48,358 | 47,889 | ||||||||||||
Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2022 and an Increase in Quarterly Cash Dividend
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