Monolithic Power Systems, Inc. · NASDAQ:MPWR
Monolithic Power Systems — Q3 2021 Earnings Presentation
11 slides from Monolithic Power Systems's earnings presentation, Oct 28, 2021
Slide 1: Monolithic Power Systems Q3 '21 Earnings Call
Monolithic Power Systems Q3 ‘21 Earnings Call Michael Hsing – CEO and Founder Bernie Blegen – VP and CFO October 28, 2021 rev 20180504
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation 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,
Slide 3: Quarterly Revenue 2018 to 2021
Quarterly Revenue 2018 to 2021 $ in millions 2
Slide 4: Revenue Growth by Market – Q3'21
Revenue Growth by Market – Q3‘21 % of Total vs Q2’21 Revenue Industrial 20.5 % 16.1 % Communications 19.3 % 13.8 % Computing and Storage 12.4 % 30.5 % Automotive 11.7 % 16.8 % Consumer (3.3) % 22.8 % Total Revenue 10.3 % 100.0 %
Slide 5: Selected P&L Data
Selected P&L Data $ and shares in millions, except per share amounts Q3’21 Q2’21 Q3’20 Revenue $323.5 $293.3 $259.4 GAAP Gross Margin 57.6% 56.0% 55.1% OPEX $109.2 $103.6 $83.1 Operating Income $77.1 $60.6 $60.0 Operating Margin 23.8% 20.7% 23.1% Stock Comp. $31.6 $32.1 $23.0 Net Income $68.8 $55.2
Slide 6: Selected Balance Sheet Data
Selected Balance Sheet Data $ in millions Q3’21 Q2’21 Q3’20 Cash, Cash Equivalents & Investments $744.5 $672.9 $554.5 Cash Flow from Operations $117.8 $96.9 $77.4 Capital Spending $18.6 $39.3 $19.6 Accounts Receivable Dollars $79.9 $77.6 $93.5 Days 22 24 33 Inventory Dollars $208.1 $177.3 $148.1 Day
Slide 7: 2021 Q4 Outlook
2021 Q4 Outlook $ and shares in millions Range From To Revenue $314.0 $326.0 GAAP Gross Margin 56.0% 56.6% R&D and SG&A $(107.8) $(111.8) Non-GAAP Gross Margin 56.3% 56.9% R&D and SG&A $(77.9) $(79.9) Total Stock Compensation $(30.8) $(32.8) Litigation Expenses $(3.5) $(3.9) Interest Income $1.0 $1.
Slide 8: Monolithic Power Systems Q3 '21 Earnings Call
Monolithic Power Systems Q3 ‘21 Earnings Call Michael Hsing – CEO and Founder Bernie Blegen – VP and CFO October 28, 2021 rev 20180504
Slide 9: Net Income to Non-GAAP Net Income Reconciliation
Net Income to Non-GAAP Net Income Reconciliation 8
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 9
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 10
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