Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2019
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN |
| (Unaudited, in thousands) |
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Three Months Ended
September 30, | | |
Nine Months Ended
September 30, | |
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2019 | | |
2018 | | |
2019 | | |
2018 | |
| Gross profit | $ | 93,158 | | | $ | 89,018 | | | $ | 254,389 | | | $ | 238,075 | |
| Gross margin | | 55.2 | % | | | 55.6 | % | | | 55.2 | % | | | 55.5 | % |
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| Adjustments to reconcile gross profit to non-GAAP gross profit: | | | | | | | | | | | | | |
| Stock-based compensation expense | | 641 | | | | 471 | | | | 1,834 | | | | 1,384 | |
| Deferred compensation plan expense | | 25 | | | | - | | | | 25 | | | | - | |
| Amortization of acquisition-related intangible assets | | 8 | | | | 197 | | | | 110 | | | | 644 | |
| Non-GAAP gross profit | $ | 93,832 | | | $ | 89,686 | | | $ | 256,358 | | | $ | 240,103 | |
| Non-GAAP gross margin | | 55.6 | % | | | 56.1 | % | | | 55.6 | % | | | 56.0 | % |
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