Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2022


RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands)

   Three Months Ended June 30,   Six Months Ended June 30, 
   2022   2021   2022   2021 
Total operating expenses $129,073  $103,587  $251,819  $198,560 
                 
Adjustments to reconcile total operating expenses to non-GAAP total operating expenses:                
Stock-based compensation expense  (41,717)  (31,241)  (80,221)  (59,010)
Amortization of purchased intangible assets  (33)  -   (66)  - 
Deferred compensation plan income (expense)  5,338   (2,022)  7,701   (2,981)
Non-GAAP operating expenses $92,661  $70,324  $179,233  $136,569 
                               

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