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Dec 31, 2019
Monolithic Power Q4 2019 Earnings Report
Announced financial results for the quarter and year ended December 31, 2019.
Key Takeaways
Monolithic Power Systems reported revenue of $166.7 million for the quarter ended December 31, 2019, an 8.6% increase from $153.5 million for the quarter ended December 31, 2018. GAAP earnings per share were $0.70 per diluted share for the quarter ended December 31, 2019, compared to $0.61 per diluted share for the quarter ended December 31, 2018.
Revenue was $166.7 million for the quarter ended December 31, 2019, an 8.6% increase from the quarter ended December 31, 2018.
GAAP gross margin was 55.1% for the quarter ended December 31, 2019, compared with 55.1% for the quarter ended December 31, 2018.
GAAP operating income was $30.7 million for the quarter ended December 31, 2019, compared with $33.1 million for the quarter ended December 31, 2018.
GAAP net income was $32.4 million and GAAP earnings per share were $0.70 per diluted share for the quarter ended December 31, 2019.
Forward Guidance
MPS’ financial targets for the first quarter ending March 31, 2020 include revenue in the range of $161 million to $167 million and GAAP gross margin between 55.1% and 55.7%.
Positive Outlook
- Revenue in the range of $161 million to $167 million.
- GAAP gross margin between 55.1% and 55.7%.
- Non-GAAP gross margin between 55.4% and 56.0%, which excludes an estimated impact of stock-based compensation expenses of 0.3%.
- GAAP research and development and selling, general and administrative expenses between $58.4 million and $62.4 million.
- Non-GAAP R&D and SG&A expenses between $41.0 million and $43.0 million, which excludes an estimate of stock-based compensation expenses in the range of $17.4 million to $19.4 million.
Challenges Ahead
- Total stock-based compensation expense of $18.0 million to $20.0 million.
- Litigation expenses ranging between $1.5 million and $2.5 million.
- Interest income of $1.5 million to $1.7 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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