Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2019
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands)
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Three Months Ended June 30, | | |
Six Months Ended June 30, | |
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2019 | | |
2018 | | |
2019 | | |
2018 | |
| Gross profit | | $ | 83,225 | | | $ | 77,564 | | | $ | 161,231 | | | $ | 149,059 | |
| Gross margin | | | 55.1 | % | | | 55.5 | % | | | 55.1 | % | | | 55.4 | % |
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| Adjustments to reconcile gross profit to non-GAAP gross profit: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 663 | | | | 480 | | | | 1,193 | | | | 913 | |
| Amortization of acquisition-related intangible assets | | | 51 | | | | 197 | | | | 102 | | | | 447 | |
| Non-GAAP gross profit | | $ | 83,939 | | | $ | 78,241 | | | $ | 162,526 | | | $ | 150,419 | |
| Non-GAAP gross margin | | | 55.6 | % | | | 56.0 | % | | | 55.6 | % | | | 55.9 | % |
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