Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2021



 
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands)
 
   Three Months Ended March 31, 
   2021   2020 
Gross profit $141,059  $91,447 
Gross margin  55.4%  55.2%
         
Adjustments to reconcile gross profit to non-GAAP gross profit:        
Stock-based compensation expense  816   557 
Deferred compensation plan expense (income)  161   (54)
Non-GAAP gross profit $142,036  $91,950 
Non-GAAP gross margin  55.8%  55.5%
         


 
RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands)
 
   Three Months Ended March 31, 
   2021   2020 
Total operating expenses $94,973  $60,461 
         
Adjustments to reconcile total operating expenses to non-GAAP total operating expenses:     
Stock-based compensation expense     (27,767 )     (18,005 )
Deferred compensation plan income (expense)     (959 )     3,602  
Non-GAAP operating expenses   $ 66,247     $ 46,058  
                 

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