Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Revenue | $ | 293,317 | $ | 186,209 | $ | 547,772 | $ | 351,987 | ||||||||
| Cost of revenue | 129,102 | 83,616 | 242,498 | 157,947 | ||||||||||||
| Gross profit | 164,215 | 102,593 | 305,274 | 194,040 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 44,753 | 31,673 | 86,645 | 57,629 | ||||||||||||
| Selling, general and administrative | 57,238 | 40,883 | 108,691 | 73,047 | ||||||||||||
| Litigation expense | 1,596 | 2,082 | 3,224 | 4,423 | ||||||||||||
| Total operating expenses | 103,587 | 74,638 | 198,560 | 135,099 | ||||||||||||
| Income from operations | 60,628 | 27,955 | 106,714 | 58,941 | ||||||||||||
| Other income, net | 3,031 | 5,200 | 5,618 | 3,486 | ||||||||||||
| Income before income taxes | 63,659 | 33,155 | 112,332 | 62,427 | ||||||||||||
| Income tax expense (benefit) | 8,490 | 2,988 | 11,750 | (3,495 | ) | |||||||||||
| Net income | $ | 55,169 | $ | 30,167 | $ | 100,582 | $ | 65,922 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 1.20 | $ | 0.67 | $ | 2.20 | $ | 1.48 | ||||||||
| Diluted | $ | 1.16 | $ | 0.64 | $ | 2.11 | $ | 1.41 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 45,796 | 44,785 | 45,647 | 44,620 | ||||||||||||
| Diluted | 47,754 | 46,831 | 47,732 | 46,750 | ||||||||||||
