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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
December 31, |
Year Ended December
31, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Revenue | $ | 454,012 | $ | 460,012 | $ | 1,821,072 | $ | 1,794,148 | ||||||||
| Cost of revenue | 202,889 | 192,203 | 799,953 | 745,596 | ||||||||||||
| Gross profit | 251,123 | 267,809 | 1,021,119 | 1,048,552 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 71,459 | 61,674 | 263,643 | 240,171 | ||||||||||||
| Selling, general and administrative | 70,095 | 69,243 | 275,740 | 281,596 | ||||||||||||
| Total operating expenses | 141,554 | 130,917 | 539,383 | 521,767 | ||||||||||||
| Operating income | 109,569 | 136,892 | 481,736 | 526,785 | ||||||||||||
| Other income (expense), net | 9,976 | 3,872 | 24,105 | (1,848 | ) | |||||||||||
| Income before income taxes | 119,545 | 140,764 | 505,841 | 524,937 | ||||||||||||
| Income tax expense | 22,640 | 21,674 | 78,467 | 87,265 | ||||||||||||
| Net income | $ | 96,905 | $ | 119,090 | $ | 427,374 | $ | 437,672 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 2.02 | $ | 2.53 | $ | 8.98 | $ | 9.37 | ||||||||
| Diluted | $ | 1.98 | $ | 2.45 | $ | 8.76 | $ | 9.05 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 47,936 | 46,979 | 47,610 | 46,727 | ||||||||||||
| Diluted | 48,881 | 48,549 | 48,771 | 48,358 | ||||||||||||
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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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