Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2013

SAN JOSE, Calif., Aug. 6, 2013 — (PRNewswire) —  Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced financial results for the quarter ended June 30, 2013.

The results for the quarter ended June 30, 2013 are as follows:

  • Net revenue was $57.7 million, a 12.1% increase from $51.5 million in the first quarter of 2013 and a 1.5% decrease from $58.6 million in the second quarter of 2012.
  • Gross margin was 53.6%, compared with 53.2% in the first quarter of 2013 and 53.2% in the second quarter of 2012.
  • GAAP operating expenses were $26.0 million, including $26.3 million for research and development (R&D) and selling, general and administrative (SG&A) expenses, which included $5.0 million for stock-based compensation, and $(0.3) million for litigation benefit. Comparatively, for the quarter ended June 30, 2012, GAAP operating expenses were $24.4 million, including $24.6 million for R&D and SG&A expenses, which included $3.7 million for stock-based compensation, and $(0.2) million for litigation benefit.
  • Non-GAAP(1) operating expenses were $21.0 million, excluding $5.0 million for stock-based compensation, compared with $20.7 million, excluding $3.7 million for stock-based compensation, for the quarter ended June 30, 2012.
  • GAAP net income was $5.5 million and GAAP earnings per share were $0.14 per diluted share. Comparatively, GAAP net income was $6.6 million and GAAP earnings per share were $0.18 per diluted share for the quarter ended June 30, 2012.
  • Non-GAAP(1) net income was $9.3 million and non-GAAP earnings per share were $0.24 per diluted share, excluding stock-based compensation and a one-time cash award and related tax effects, compared with non-GAAP net income of $10.1 million and non-GAAP earnings per share of $0.28 per diluted share, excluding stock-based compensation and related tax effects, for the quarter ended June 30, 2012.

The results for the six months ended June 30, 2013 are as follows:

  • Net revenue was $109.2 million, a 0.1% increase from $109.1 million for the six months ended June 30, 2012.
  • Gross margin was 53.4%, compared with 52.8% for the six months ended June 30, 2012.
  • GAAP operating expenses were $51.1 million, including $51.7 million for R&D and SG&A expenses, which included $9.5 million for stock-based compensation, and $(0.6) million for litigation benefit. Comparatively, for the six months ended June 30, 2012, GAAP operating expenses were $47.6 million, including $47.7 million for R&D and SG&A expenses, which included $6.9 million for stock-based compensation, and $(0.1) million for litigation benefit.
  • Non-GAAP(1) operating expenses were $41.5 million, excluding $9.5 million for stock-based compensation, compared with $40.7 million, excluding $6.9 million for stock-based compensation, for the six months ended June 30, 2012.
  • GAAP net income was $8.0 million and GAAP earnings per share were $0.21 per diluted share. Comparatively, GAAP net income was $9.6 million and GAAP earnings per share were $0.27 per diluted share for the six months ended June 30, 2012.
  • Non-GAAP(1) net income was $15.7 million and non-GAAP earnings per share were $0.41 per diluted share, excluding stock-based compensation and a one-time cash award and related tax effects, compared with non-GAAP net income of $16.3 million and non-GAAP earnings per share of $0.46 per diluted share, excluding stock-based compensation and related tax effects, for the six months ended June 30, 2012.

The following is a summary of revenue by end market for the periods indicated, estimated based on the Company's assessment of available end market data (in millions):












Three months ended June 30,


Six months ended June 30,

End Market


2013


2012


2013


2012

Communication


$ 14.9


$ 14.1


$   28.2


$   25.9

Storage and Computing


10.9


10.4


23.1


20.4

Consumer


23.9


26.2


42.7


50.1

Industrial


8.0


7.9


15.2


12.7

Total


$ 57.7


$ 58.6


$ 109.2


$ 109.1


1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Rand3D

SolidCAM - Break The Chains

Featured Video
Jobs
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
System Designer/Engineer for Bluewater at Southfield, Michigan
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
Product Manager for CHA Consulting, Inc. at Boston, Massachusetts
Upcoming Events
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
4th International Conference on Sensors and Electronic Instrumentation Advances (SEIA' 2018) at Movenpick Hotel Amsterdam City Centre Amsterdam Netherlands - Sep 19 - 21, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise