Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2020
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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES | |
| (Unaudited, in thousands) | |
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Three Months Ended March 31, | |
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2020 | | |
2019 | |
| Total income before income taxes | | $ | 29,272 | | | $ | 25,058 | |
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| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | | | | | |
| Stock-based compensation expense | | | 18,562 | | | | 16,010 | |
| Amortization of acquisition-related intangible assets | | | - | | | | 51 | |
| Deferred compensation plan (income) expense | | | 94 | | | | (136 | ) |
| Non-GAAP income before income taxes | | $ | 47,928 | | | $ | 40,983 | |
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2020 SECOND QUARTER OUTLOOK | |
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN | |
| (Unaudited) | |
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Three Months Ending | |
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June 30, 2020 | |
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Low | | |
High | |
| Gross margin | | | 55.0 | % | | | 55.6 | % |
| Adjustments to reconcile gross margin to non-GAAP gross margin: | | | | | | | | |
| Stock-based compensation expense | | | 0.3 | % | | | 0.3 | % |
| Non-GAAP gross margin | | | 55.3 | % | | | 55.9 | % |
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