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Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) | |||||||||||||||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Revenue | $ | 495,418 | $ | 323,522 | $ | 1,334,136 | $ | 871,294 | |||||||
| Cost of revenue | 204,516 | 137,211 | 553,393 | 379,709 | |||||||||||
| Gross profit | 290,902 | 186,311 | 780,743 | 491,585 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 67,263 | 49,468 | 178,497 | 136,113 | |||||||||||
| Selling, general and administrative | 69,717 | 56,291 | 207,538 | 164,982 | |||||||||||
| Litigation expense | 2,051 | 3,421 | 4,815 | 6,645 | |||||||||||
| Total operating expenses | 139,031 | 109,180 | 390,850 | 307,740 | |||||||||||
| Operating income | 151,871 | 77,131 | 389,893 | 183,845 | |||||||||||
| Other income (expense), net | 5 | 793 | (5,720 | ) | 6,411 | ||||||||||
| Income before income taxes | 151,876 | 77,924 | 384,173 | 190,256 | |||||||||||
| Income tax expense | 27,539 | 9,154 | 65,591 | 20,904 | |||||||||||
| Net income | $ | 124,337 | $ | 68,770 | $ | 318,582 | $ | 169,352 | |||||||
| Net income per share: | |||||||||||||||
| Basic | $ | 2.66 | $ | 1.50 | $ | 6.83 | $ | 3.70 | |||||||
| Diluted | $ | 2.57 | $ | 1.44 | $ | 6.60 | $ | 3.55 | |||||||
| Weighted-average shares outstanding: | |||||||||||||||
| Basic | 46,829 | 45,970 | 46,643 | 45,754 | |||||||||||
| Diluted | 48,349 | 47,852 | 48,295 | 47,772 | |||||||||||
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Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2022
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