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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands) | ||||||||||||||||
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Three Months Ended
December 31, |
Year Ended December
31, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Gross profit | $ | 251,123 | $ | 267,809 | $ | 1,021,119 | $ | 1,048,552 | ||||||||
| Gross margin | 55.3 | % | 58.2 | % | 56.1 | % | 58.4 | % | ||||||||
| Adjustments to reconcile gross profit to non-GAAP gross profit: | ||||||||||||||||
| Stock-based compensation expense | 1,228 | 1,030 | 4,545 | 4,721 | ||||||||||||
| Deferred compensation plan expense | 486 | 95 | 871 | 49 | ||||||||||||
| Non-GAAP gross profit | $ | 252,837 | $ | 268,934 | $ | 1,026,535 | $ | 1,053,322 | ||||||||
| Non-GAAP gross margin | 55.7 | % | 58.5 | % | 56.4 | % | 58.7 | % | ||||||||
Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2023 and an Increase in Quarterly Cash Dividend
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