MPWR Monolithic Power Systems Inc.

Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2020

Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2020

KIRKLAND, Wash., July 28, 2020 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a leading company in high performance analog solutions, today announced financial results for the quarter ended June 30, 2020.

  • Revenue was $186.2 million for the quarter ended June 30, 2020, a 12.3% increase from $165.8 million for the quarter ended March 31, 2020 and a 23.3% increase from $151.0 million for the quarter ended June 30, 2019.



  • GAAP gross margin was 55.1% for the quarter ended June 30, 2020, compared with 55.1% for the quarter ended June 30, 2019.



  • Non-GAAP (1) gross margin was 55.7% for the quarter ended June 30, 2020, excluding the impact of $0.6 million for stock-based compensation expense and $0.5 million for deferred compensation plan expense, compared with 55.6% for the quarter ended June 30, 2019, excluding the impact of $0.7 million for stock-based compensation expense and $0.1 million for the amortization of acquisition-related intangible assets.



  • GAAP operating expenses were $74.6 million for the quarter ended June 30, 2020, compared with $63.1 million for the quarter ended June 30, 2019.



  • Non-GAAP (1) operating expenses were $50.7 million for the quarter ended June 30, 2020, excluding $20.4 million for stock-based compensation expense and $3.6 million for deferred compensation plan expense, compared with $40.3 million for the quarter ended June 30, 2019, excluding $22.0 million for stock-based compensation expense and $0.8 million for deferred compensation plan expense.



  • GAAP operating income was $28.0 million for the quarter ended June 30, 2020, compared with $20.1 million for the quarter ended June 30, 2019.  



  • Non-GAAP (1) operating income was $53.0 million for the quarter ended June 30, 2020, excluding $21.0 million for stock-based compensation expense and $4.0 million for deferred compensation plan expense, compared with $43.7 million for the quarter ended June 30, 2019, excluding $22.7 million for stock-based compensation expense, $0.1 million for the amortization of acquisition-related intangible assets and $0.8 million for deferred compensation plan expense.

     
  • GAAP other income, net, was $5.2 million for the quarter ended June 30, 2020, compared with other income, net, of $2.2 million for the quarter ended June 30, 2019.  



  • Non-GAAP (1) other income, net was $1.6 million for the quarter ended June 30, 2020, excluding $3.6 million for deferred compensation plan income, compared with $1.6 million for the quarter ended June 30, 2019, excluding $0.6 million for deferred compensation plan income.  



  • GAAP income before income taxes was $33.2 million for the quarter ended June 30, 2020, compared with $22.3 million for the quarter ended June 30, 2019.



  • Non-GAAP (1) income before income taxes was $54.7 million for the quarter ended June 30, 2020, excluding $21.0 million for stock-based compensation expense and $0.5 million for deferred compensation plan expense, compared with $45.3 million for the quarter ended June 30, 2019, excluding $22.7 million for stock-based compensation expense, $0.1 million for the amortization of acquisition-related intangible assets, and $0.2 million for deferred compensation plan expense.



  • GAAP net income was $30.2 million and $0.64 per diluted share for the quarter ended June 30, 2020. Comparatively, GAAP net income was $20.7 million and $0.45 per diluted share for the quarter ended June 30, 2019.



  • Non-GAAP (1) net income was $50.6 million and $1.08 per diluted share for the quarter ended June 30, 2020, excluding stock-based compensation expense, net deferred compensation plan expense and related tax effects, compared with non-GAAP net income of $41.9 million and $0.92 per diluted share for the quarter ended June 30, 2019, excluding stock-based compensation expense, amortization of acquisition-related intangible assets, net deferred compensation plan expense and related tax effects.

The financial results for the six months ended June 30, 2020 are as follows:

  • Revenue was $352.0 million for the six months ended June 30, 2020, a 20.4% increase from $292.4 million for the six months ended June 30, 2019. 

     
  • GAAP gross margin was 55.1% for the six months ended June 30, 2020, compared with 55.1% for the six months ended June 30, 2019.  



  • Non-GAAP (1) gross margin was 55.6% for the six months ended June 30, 2020, excluding the impact of $1.2 million for stock-based compensation expense and $0.4 million for deferred compensation plan expense, compared with 55.6% for the six months ended June 30, 2019, excluding the impact of $1.2 million for stock-based compensation expense and $0.1 million for the amortization of acquisition-related intangible assets.  



  • GAAP operating expenses were $135.1 million for the six months ended June 30, 2020, compared with $119.4 million for the six months ended June 30, 2019. 

     
  • Non-GAAP (1) operating expenses were $96.7 million for the six months ended June 30, 2020, excluding $38.4 million for stock-based compensation expense, compared with $79.3 million for the six months ended June 30, 2019, excluding $37.5 million for stock-based compensation expense and $2.6 million for deferred compensation plan expense.



  • GAAP operating income was $58.9 million for the six months ended June 30, 2020, compared with $41.8 million for the six months ended June 30, 2019.  



  • Non-GAAP (1) operating income was $98.9 million for the six months ended June 30, 2020, excluding $39.6 million for stock-based compensation expense and $0.4 million for deferred compensation plan expense, compared with $83.2 million for the six months ended June 30, 2019, excluding $38.7 million for stock-based compensation expense, $0.1 million for the amortization of acquisition-related intangible assets and $2.6 million for deferred compensation plan expense.  



  • GAAP other income, net, was $3.5 million for the six months ended June 30, 2020, compared with other income, net, of $5.6 million for the six months ended June 30, 2019.



  • Non-GAAP (1) other income, net was $3.7 million for the six months ended June 30, 2020, excluding $0.2 million for deferred compensation plan expense, compared with $3.0 million for the six months ended June 30, 2019, excluding $2.6 million for deferred compensation plan income.  



  • GAAP income before income taxes was $62.4 million for the six months ended June 30, 2020, compared with $47.4 million for the six months ended June 30, 2019.  



  • Non-GAAP (1) income before income taxes was $102.6 million for the six months ended June 30, 2020, excluding $39.6 million for stock-based compensation expense and $0.6 million for deferred compensation plan expense, compared with $86.2 million for the six months ended June 30, 2019, excluding $38.7 million for stock-based compensation expense, and $0.1 million for the amortization of acquisition-related intangible assets.  



  • GAAP net income was $65.9 million and $1.41 per diluted share for the six months ended June 30, 2020. Comparatively, GAAP net income was $46.9 million and $1.03 per diluted share for the six months ended June 30, 2019.



  • Non-GAAP (1) net income was $94.9 million and $2.03 per diluted share for the six months ended June 30, 2020, excluding stock-based compensation expense, net deferred compensation plan expense and related tax effects, compared with non-GAAP net income of $79.8 million and $1.76 per diluted share for the six months ended June 30, 2019, excluding stock-based compensation expense, amortization of acquisition-related intangible assets, net deferred compensation plan expense and related tax effects.

The following is a summary of revenue by end market for the periods indicated (in thousands):

  Three Months Ended June 30,  Six Months Ended June 30, 
End Market 2020  2019  2020  2019 
Computing and storage $64,087  $41,590  $116,044  $80,778 
Automotive  17,779   21,225   41,091   41,742 
Industrial  26,592   22,438   51,829   43,778 
Communications  30,095   21,968   57,965   44,150 
Consumer  47,656   43,786   85,058   81,922 
Total $186,209  $151,007  $351,987  $292,370 

The following is a summary of revenue by product family for the periods indicated (in thousands):

  Three Months Ended June 30,  Six Months Ended June 30, 
Product Family 2020  2019  2020  2019 
DC to DC $176,113  $139,691  $332,988  $272,402 
Lighting Control  10,096   11,316   18,999   19,968 
Total $186,209  $151,007  $351,987  $292,370 

“We continue to grow year over year. We are excited about our design activities in the pipeline and expanding our reach in the new frontiers,” said Michael Hsing, CEO and founder of MPS.

Business Outlook

The following are MPS’ financial targets for the third quarter ending September 30, 2020:

  • Revenue in the range of $200 million to $210 million.  



  • GAAP gross margin between 55.2% and 55.8%. Non-GAAP (1) gross margin between 55.5% and 56.1%, which excludes an estimated impact of stock-based compensation expenses of 0.3%.



  • GAAP research and development (“R&D”) and selling, general and administrative (“SG&A”) expenses between $70.7 million and $74.7 million. Non-GAAP (1) R&D and SG&A expenses between $50.2 million and $52.2 million, which excludes estimated stock-based compensation expenses in the range of $20.5 million to $22.5 million.  



  • Total stock-based compensation expense of $21.2 million to $23.2 million.  



  • Litigation expenses ranging between $1.8 million and $2.2 million.  



  • Interest income of $1.5 million to $1.7 million.  



  • Fully diluted shares outstanding between 46.5 million and 47.5 million.

(1) Non-GAAP net income, non-GAAP earnings per share, non-GAAP gross margin, non-GAAP R&D and SG&A expenses, non-GAAP operating expenses, non-GAAP other income (expense), net, non-GAAP operating income and non-GAAP income before taxes differ from net income, earnings per share, gross margin, R&D and SG&A expenses, operating expenses, other income (expense), net, operating income and income before taxes determined in accordance with Generally Accepted Accounting Principles in the United States (GAAP). Non-GAAP net income and non-GAAP earnings per share exclude the effect of stock-based compensation expense, amortization of acquisition-related intangible assets, deferred compensation plan income/expense and related tax effects. Non-GAAP gross margin excludes the effect of stock-based compensation expense, amortization of acquisition-related intangible assets and deferred compensation plan income/expense. Non-GAAP operating expenses exclude the effect of stock-based compensation expense and deferred compensation plan income/expense. Non-GAAP other income (expense), net excludes the effect of deferred compensation plan income/expense. Non-GAAP operating income excludes the effect of stock-based compensation expense, amortization of acquisition-related intangible assets and deferred compensation plan income/expense. Non-GAAP income before taxes excludes the effect of stock-based compensation expense, amortization of acquisition-related intangible assets and deferred compensation plan income/expense. Projected non-GAAP gross margin excludes the effect of stock-based compensation expense. Projected non-GAAP R&D and SG&A expenses exclude the effect of stock-based compensation expense. These non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. A schedule reconciling non-GAAP financial measures is included at the end of this press release. MPS utilizes both GAAP and non-GAAP financial measures to assess what it believes to be its core operating performance and to evaluate and manage its internal business and assist in making financial operating decisions. MPS believes that the inclusion of non-GAAP financial measures, together with GAAP measures, provides investors with an alternative presentation useful to investors' understanding of MPS' core operating results and trends. Additionally, MPS believes that the inclusion of non-GAAP measures, together with GAAP measures, provides investors with an additional dimension of comparability to similar companies. However, investors should be aware that non-GAAP financial measures utilized by other companies are not likely to be comparable in most cases to the non-GAAP financial measures used by MPS.  

Earnings Webinar

MPS plans to host a Zoom webinar covering its financial results at 2:00 p.m. PT / 5:00 p.m. ET, July 28, 2020. You can access the webinar, free of charge, at: /j/96497779610. The webinar will be archived and available for replay for one year under the Investor Relations page on the MPS website.

Safe Harbor Statement

This press release contains, and statements that will be made during the accompanying teleconference will contain, forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including, among other things, (i) projected revenues, GAAP and non-GAAP gross margin, GAAP and non-GAAP R&D and SG&A expenses, stock-based compensation expenses, litigation expenses, interest income, and diluted shares outstanding, (ii) our outlook for the long-term prospects of the company, including our performance against our business plan, revenue growth in certain of our market segments, our continued investment into R&D, expected revenue growth, customers' acceptance of our new product offerings, the prospects of our new product development, and our expectations regarding market and industry segment trends and prospects, (iii) our ability to penetrate new markets and expand our market share, (iv) the seasonality of our business, (v) our ability to reduce our expenses, and (vi) statements of the assumptions underlying or relating to any statement described in (i), (ii), (iii), (iv), or (v). These forward-looking statements are not historical facts or guarantees of future performance or events, are based on current expectations, estimates, beliefs, assumptions, goals, and objectives, and involve significant known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed by these statements. Readers of this press release and listeners to the accompanying conference call are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ include, but are not limited to, our ability to attract new customers and retain existing customers; acceptance of, or demand for, MPS' products, in particular the new products launched recently, being different than expected; our ability to efficiently and effectively develop new products and receive a return on our R&D expense investment; our ability to increase market share in our targeted markets; competition generally and the increasingly competitive nature of our industry; any market disruptions or interruptions in MPS' schedule of new product development releases; adverse changes in production and testing efficiency of our products; our ability to manage our inventory levels; the effect of export controls, trade and economic sanctions regulations and other regulatory or contractual limitations on our ability to sell or develop our products in certain foreign markets, particularly in China; our ability to obtain governmental licenses and approvals for international trading activities or technology transfers, including export licenses; adverse changes in laws and government regulations such as tariffs on imports of foreign goods, export regulations and export classifications, including in foreign countries where MPS has offices or operations; adverse events arising from orders of governmental entities, including such orders that impact our customers, and adopting of new or amended accounting standards; the effect of epidemics and pandemics, such as the COVID-19 outbreak first identified in December 2019, on the global economy and on our business; adequate supply of our products from our third-party manufacturing partners; the risks, uncertainties and costs of litigation in which we are involved; the outcome of any upcoming trials, hearings, motions and appeals; the adverse impact on MPS' financial performance if its tax and litigation provisions are inadequate; adverse changes or developments in the semiconductor industry generally, which is cyclical in nature, and our ability to adjust our operations to address such changes or developments; difficulty in predicting or budgeting for future customer demand and channel inventories, expenses and financial contingencies (including as a result of the COVID-19 pandemic); our ability to realize the anticipated benefits of companies and products that we acquire, and our ability to effectively and efficiently integrate these acquired companies and products into our operations; the ongoing consolidation of companies in the semiconductor industry; and other important risk factors identified in MPS’s Securities and Exchange Commission (SEC) filings, including, but not limited to, our annual report on Form 10-K filed with the SEC on February 28, 2020 and our quarterly report on Form 10-Q filed with the SEC on May 11, 2020. The forward-looking statements in this press release and statements made during the accompanying teleconference represent MPS’s projections and current expectations, as of the date hereof, not predictions of actual performance. MPS assumes no obligation to update the information in this press release or in the accompanying conference call.

About Monolithic Power Systems

Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company was founded by Michael Hsing in 1997 and is based in the United States. MPS can be contacted through its website at or its support offices around the world.

Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

Contact:

Bernie Blegen

Chief Financial Officer

Monolithic Power Systems, Inc.

408-826-0777



Monolithic Power Systems, Inc.

Condensed Consolidated Balance Sheets

(Unaudited, in thousands, except par value) 

  June 30,  December 31, 
  2020  2019 
ASSETS        
Current assets:        
Cash and cash equivalents $156,483  $172,960 
Short-term investments  355,840   282,437 
Accounts receivable, net  55,136   52,704 
Inventories  152,119   127,500 
Other current assets  29,286   19,605 
Total current assets  748,864   655,206 
Property and equipment, net  251,980   228,315 
Long-term investments  3,032   3,138 
Goodwill  6,571   6,571 
Deferred tax assets, net  13,432   17,193 
Other long-term assets  47,276   45,952 
Total assets $1,071,155  $956,375 
         
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Current liabilities:        
Accounts payable $45,169  $27,271 
Accrued compensation and related benefits  32,785   26,164 
Other accrued liabilities  58,831   44,790 
Total current liabilities  136,785   98,225 
Income tax liabilities  35,624   37,596 
Other long-term liabilities  49,801   47,063 
Total liabilities  222,210   182,884 
Commitments and contingencies        
Stockholders’ equity:        
Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 44,911 and 43,616, respectively  605,165   549,517 
Retained earnings  247,864   229,450 
Accumulated other comprehensive loss  (4,084)  (5,476)
Total stockholders’ equity  848,945   773,491 
Total liabilities and stockholders’ equity $1,071,155  $956,375 





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, 
  2020  2019  2020  2019 
Revenue $186,209  $151,007  $351,987  $292,370 
Cost of revenue  83,616   67,782   157,947   131,139 
Gross profit  102,593   83,225   194,040   161,231 
Operating expenses:                
Research and development  31,673   27,545   57,629   53,003 
Selling, general and administrative  40,883   35,058   73,047   65,611 
Litigation expense  2,082   503   4,423   781 
Total operating expenses  74,638   63,106   135,099   119,395 
Income from operations  27,955   20,119   58,941   41,836 
Other income, net  5,200   2,229   3,486   5,569 
Income before income taxes  33,155   22,348   62,427   47,405 
Income tax expense (benefit)  2,988   1,655   (3,495)  531 
Net income $30,167  $20,693  $65,922  $46,874 
                 
Net income per share:                
Basic $0.67  $0.48  $1.48  $1.09 
Diluted $0.64  $0.45  $1.41  $1.03 
Weighted-average shares outstanding:                
Basic  44,785   43,109   44,620   42,929 
Diluted  46,831   45,483   46,750   45,358 





SUPPLEMENTAL FINANCIAL INFORMATION 

STOCK-BASED COMPENSATION EXPENSE

(Unaudited, in thousands)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Cost of revenue $642  $663  $1,199  $1,193 
Research and development  4,962   5,412   9,332   9,841 
Selling, general and administrative  15,440   16,634   29,075   27,685 
Total stock-based compensation expense $21,044  $22,709  $39,606  $38,719 





RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME

(Unaudited, in thousands, except per share amounts)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Net income $30,167  $20,693  $65,922  $46,874 
Net income as a percentage of revenue  16.2%  13.7%  18.7%  16.0%
                 
Adjustments to reconcile net income to non-GAAP net income:                
Stock-based compensation expense  21,044   22,709   39,606   38,719 
Amortization of acquisition-related intangible assets  -   51   -   102 
Deferred compensation plan expense  460   151   554   15 
Tax effect  (1,111)  (1,739)  (11,189)  (5,937)
Non-GAAP net income $50,560  $41,865  $94,893  $79,773 
Non-GAAP net income as a percentage of revenue  27.2%  27.7%  27.0%  27.3%
                 
Non-GAAP net income per share:                
Basic $1.13  $0.97  $2.13  $1.86 
Diluted $1.08  $0.92  $2.03  $1.76 
                 
Shares used in the calculation of non-GAAP net income per share:                
Basic  44,785   43,109   44,620   42,929 
Diluted  46,831   45,483   46,750   45,358 





RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN

(Unaudited, in thousands)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Gross profit $102,593  $83,225  $194,040  $161,231 
Gross margin  55.1%  55.1%  55.1%  55.1%
                 
Adjustments to reconcile gross profit to non-GAAP gross profit:                
Stock-based compensation expense  642   663   1,199   1,193 
Deferred compensation plan expense  460   -   406   - 
Amortization of acquisition-related intangible assets  -   51   -   102 
Non-GAAP gross profit $103,695  $83,939  $195,645  $162,526 
Non-GAAP gross margin  55.7%  55.6%  55.6%  55.6%

RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES

(Unaudited, in thousands)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Total operating expenses $74,638  $63,106  $135,099  $119,395 
                 
Adjustments to reconcile total operating expenses to non-GAAP total operating expenses:                
Stock-based compensation expense  (20,402)  (22,046)  (38,407)  (37,526)
Deferred compensation plan (expense) income  (3,572)  (772)  30   (2,571)
Non-GAAP operating expenses $50,664  $40,288  $96,722  $79,298 

RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME

(Unaudited, in thousands)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Total operating income $27,955  $20,119  $58,941  $41,836 
                 
Adjustments to reconcile total operating income to non-GAAP total operating income:                
Stock-based compensation expense  21,044   22,709   39,606   38,719 
Amortization of acquisition-related intangible assets  -   51   -   102 
Deferred compensation plan expense  4,032   772   377   2,571 
Non-GAAP operating income $53,031  $43,651  $98,924  $83,228 

RECONCILIATION OF OTHER INCOME, NET, TO NON-GAAP OTHER INCOME, NET

(Unaudited, in thousands)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Total other income, net $5,200  $2,229  $3,486  $5,569 
                 
Adjustments to reconcile other income, net to non-GAAP other income, net:                
Deferred compensation plan (income) expense  (3,572)  (620)  177   (2,556)
Non-GAAP other income, net $1,628  $1,609  $3,663  $3,013 

RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES

(Unaudited, in thousands)

  Three Months Ended June 30,  Six Months Ended June 30, 
  2020  2019  2020  2019 
Total income before income taxes $33,155  $22,348  $62,427  $47,405 
                 
Adjustments to reconcile income before income taxes to non-GAAP income before income taxes:                
Stock-based compensation expense  21,044   22,709   39,606   38,719 
Amortization of acquisition-related intangible assets  -   51   -   102 
Deferred compensation plan expense  460   151   554   15 
Non-GAAP income before income taxes $54,659  $45,259  $102,587  $86,241 





2020 THIRD QUARTER OUTLOOK

RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN

(Unaudited)

  Three Months Ending  
  September 30, 2020 
  Low  High 
Gross margin  55.2%  55.8%
Adjustments to reconcile gross margin to non-GAAP gross margin:        
Stock-based compensation expense  0.3%  0.3%
Non-GAAP gross margin  55.5%  56.1%

RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES

(Unaudited, in thousands)

  Three Months Ending  
  September 30, 2020 
  Low  High 
R&D and SG&A expense $70,700  $74,700 
Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense:        
Stock-based compensation expense  (20,500)  (22,500)
Non-GAAP R&D and SG&A expense $50,200  $52,200 

 

EN
28/07/2020

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Monolithic Power Systems Announces Results for the Fourth Quarter and ...

Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2023 and an Increase in Quarterly Cash Dividend KIRKLAND, Wash., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter and year ended December 31, 2023. MPS also announced that its Board of Directors has approved an increase in the quarterly cash dividend from $1.00 per share to $1.25 per share. The first qua...

 PRESS RELEASE

Monolithic Power Systems to Report Fourth Quarter and Full Year Result...

Monolithic Power Systems to Report Fourth Quarter and Full Year Results on February 7, 2024 KIRKLAND, Wash., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the fourth quarter and year ended December 31, 2023. MPS will report its results after the market closes on Wednesday, February 7th and host its quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via ...

 PRESS RELEASE

Monolithic Power Systems Announces Fourth Quarter 2023 Dividend

Monolithic Power Systems Announces Fourth Quarter 2023 Dividend KIRKLAND, Wash., Dec. 15, 2023 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its fourth quarter dividend of $1.00 per common share to all stockholders of record as of the close of business on December 29, 2023. The dividend will be paid on January 15, 2024. Safe Harbor Statement This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability esta...

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