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Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) | |||||||
| Three Months Ended March 31, | |||||||
| 2024 | 2023 | ||||||
| Revenue | $ | 457,885 | $ | 451,065 | |||
| Cost of revenue | 205,444 | 192,285 | |||||
| Gross profit | 252,441 | 258,780 | |||||
| Operating expenses: | |||||||
| Research and development | 75,990 | 63,709 | |||||
| Selling, general and administrative | 80,964 | 70,795 | |||||
| Total operating expenses | 156,954 | 134,504 | |||||
| Operating income | 95,487 | 124,276 | |||||
| Other income, net | 9,540 | 5,297 | |||||
| Income before income taxes | 105,027 | 129,573 | |||||
| Income tax expense | 12,486 | 19,771 | |||||
| Net income | $ | 92,541 | $ | 109,802 | |||
| Net income per share: | |||||||
| Basic | $ | 1.90 | $ | 2.32 | |||
| Diluted | $ | 1.89 | $ | 2.26 | |||
| Weighted-average shares outstanding: | |||||||
| Basic | 48,635 | 47,234 | |||||
| Diluted | 48,928 | 48,655 | |||||
Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2024
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