Monolithic Power Systems, Inc. · NASDAQ:MPWR
Monolithic Power Systems — Q2 2022 Earnings Presentation
12 slides from Monolithic Power Systems's earnings presentation, Aug 1, 2022
Slide 1: Q2 '22 Earnings Webinar
rev 20180508 Monolithic Power Systems Q2 ‘22 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO August 1, 2022 mrs
Slide 2: Safe Harbor Statement
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Slide 3: Quarterly Revenue 2019 to 2022
uarterly Revenue 2019 to 2022 $500 $450 $400 $350 Sus $3365 $300 $250 $200 $180 $100 19% 9 20 mR os ca mrs
Slide 4: Revenue by Market — Q2'22
Revenue by Market — Q2‘22 Enterprise Data Storage and Computing Consumer Industrial Automotive Communications Total Revenue % Change From % of Total 1°22 Q2’21 Revenue 53.4 % 117.9% 14.2% 26.6 % 111.6 % 26.5% 21.7% 27.9% 21.1% 15.1% 28.9 % 12.1% 11.9% 25.3 % 13.2% 6.7% 58.3 % 12.9% 22.1% 57.2% 100.0
Slide 5: Selected P&L Data
Selected P&L Data scopepersucamaurs Q2'22 a122 Q2'24 Revenue $461.0 $377.7 $293.3 GAAP Gross Margin 58.8% 57.9% 56.0% OPEX $129.1 $122.7 $103.6 ‘Operating Income $141.9 $96.1 $60.6 Operating Margin 308% 255% 20.7% ‘Stock Comp. $42.9 $398 $32.1 Net Income i147 $796 $55.2 EPS $2.37 $1.65 $1.16 Shares
Slide 6: Selected Balance Sheet Data
Selected Bala ‘in tions Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Dollars Days Inventory Dollars Days — Current quarter revenue Next quarter's revenue
Slide 7: 2022 Q3 Guidance
2022 Q3 ‘Sand sharesin mons loo! Revenue GAAP. Gross Margin R&D and SG&A Expenses Non-GAAP Gross Margin R&D and SG&A Expenses Total Stock Compensation Expense Litigation Expense Interest and Other Income Shares Outstanding (FD) Range From $480.0 58.4% $136.2 58.7% $94.7 $42.8 $2.3 $1.3 47.9 To $500.
Slide 8: Q2 '22 Earnings Webinar
rev 20180508 Monolithic Power Systems Q2 ‘22 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO August 1, 2022 mrs
Slide 9: Net Income to Non-GAAP Net Income Reconciliation
Net Income to Non-GAAP Net Income Reconciliation RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME (Unaudited, in thousands, except per share amounts) Three Months Ended June 30, ‘Six Months Ended June 30, 2022 2021 2022 2024 ‘Net income s 14.679 S$ 55.169 s 194245 1S 100.582 Adjustments to reconc
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliatio! RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited, in thousands) Three Months Ended Jume 30, ‘Six Months Ended June 30, 2022 2021 2022 2021 Gross profit S270961 “Ss 164215 Sse 1S 305,274 Gross margin 58.8% 36.0% 58.4% 55.7% ‘Adjustments to reconcile g
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliatio! RECONCILIATION OF OPERATING INCOME TO NON.GAAP OPERATING INCOME (Cente intinsant) ‘Teal operatng income Tie J ese a ee Agjuemen: to recall opetngincone tone GAAP ol opersngincome Stock based compensation expense nots 32.06 nn eno Anerizanone puctased angie ase 2 si “6
Slide 12: GAAP to Non-GAAP Reconciliation: 2022 Third Quarter Outlook
GAAP to Non-GAAP Reconciliatio! 2022 THIRD QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending September 30,2022 Gross sepia Adjustment to reconcile gross margin to non-GAAP gross margi: Stoek-based compensation expense Non-GAAP gross nargin RECONC
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