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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Gross profit | $ | 267,809 | $ | 193,873 | $ | 1,048,552 | $ | 685,459 | ||||||||
| Gross margin | 58.2 | % | 57.6 | % | 58.4 | % | 56.8 | % | ||||||||
| Adjustments to reconcile gross profit to non-GAAP gross profit: | ||||||||||||||||
| Stock-based compensation expense | 1,030 | 921 | 4,721 | 3,543 | ||||||||||||
| Deferred compensation plan expense | 95 | 156 | 49 | 256 | ||||||||||||
| Non-GAAP gross profit | $ | 268,934 | $ | 194,950 | $ | 1,053,322 | $ | 689,258 | ||||||||
| Non-GAAP gross margin | 58.5 | % | 57.9 | % | 58.7 | % | 57.1 | % | ||||||||
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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