Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2020
|
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN |
| (Unaudited, in thousands) |
| |
| | |
Three Months Ended
September 30, | | |
Nine Months Ended
September 30, | |
| | |
2020 | | |
2019 | | |
2020 | | |
2019 | |
| Gross profit | | $ | 143,040 | | | $ | 93,158 | | | $ | 337,080 | | | $ | 254,389 | |
| Gross margin | | | 55.1 | % | | | 55.2 | % | | | 55.1 | % | | | 55.2 | % |
| | | | | | | | | | | | | | | | | |
| Adjustments to reconcile gross profit to non-GAAP gross profit: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 707 | | | | 641 | | | | 1,906 | | | | 1,834 | |
| Deferred compensation plan expense | | | 244 | | | | 25 | | | | 650 | | | | 25 | |
| Amortization of acquisition-related intangible assets | | | - | | | | 8 | | | | - | | | | 110 | |
| Non-GAAP gross profit | | $ | 143,991 | | | $ | 93,832 | | | $ | 339,636 | | | $ | 256,358 | |
| Non-GAAP gross margin | | | 55.5 | % | | | 55.6 | % | | | 55.5 | % | | | 55.6 | % |
