Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend
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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN |
| (Unaudited, in thousands) |
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Three Months Ended December 31, | | |
Year Ended December 31, | |
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2021 | | |
2020 | | |
2021 | | |
2020 | |
| Gross profit | | $ | 193,873 | | | $ | 128,874 | | | $ | 685,459 | | | $ | 465,954 | |
| Gross margin | | | 57.6 | % | | | 55.3 | % | | | 56.8 | % | | | 55.2 | % |
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| Adjustments to reconcile gross profit to non-GAAP gross profit: | | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 921 | | | | 686 | | | | 3,543 | | | | 2,592 | |
| Deferred compensation plan expense | | | 156 | | | | 281 | | | | 256 | | | | 931 | |
| Non-GAAP gross profit | | $ | 194,950 | | | $ | 129,841 | | | $ | 689,258 | | | $ | 469,477 | |
| Non-GAAP gross margin | | | 57.9 | % | | | 55.7 | % | | | 57.1 | % | | | 55.6 | % |
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