AI English summary of an SEC filing — figures as filed
Monolithic Power Systems MPWRThe company said revenue for the quarter ended March 31, 2024 was $457.9 million, up $6.8 million (1.5%) from $451.1 million a year earlier. It said revenue from the enterprise data market rose $102.6 million (217.5%), while consumer market revenue fell $25.3 million (39.9%).
Key points
AI summaryThe company said revenue for the quarter ended March 31, 2024 was $457.9 million, up $6.8 million (1.5%) from $451.1 million a year earlier. It said revenue from the enterprise data market rose $102.6 million (217.5%), while consumer market revenue fell $25.3 million (39.9%).
The company said gross margin was 55.1% for Q1 2024, down from 57.4% a year earlier. It cited an increase in inventory write-downs and warranty expenses as a percentage of revenue as factors that lowered gross margin.
The company said R&D expenses were $76.0 million (16.6% of revenue) for Q1 2024, and SG&A expenses were $81.0 million (17.7% of revenue). It also disclosed that income tax expense was $12.5 million, or 11.9% of pre-tax income.
The company said it held cash and cash equivalents of $488.3 million and short-term investments of $798.1 million as of March 31, 2024. It said it repurchased 6,100 shares of common stock for $4.1 million during the quarter, and that $632.2 million remained available under the repurchase program.
Key figures
Quarter ended March 31, 2024
- Revenue
- $458M
- Operating income
- $95M
- Net income
- $93M
- EPS
- $1.89
- Gross profit
- $252M
- Operating cash flow
- $248M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Revenue by End Market for Q1 2024
The company said revenue for the quarter ended March 31, 2024 was $457.9 million, up $6.8 million (1.5%) from $451.1 million a year earlier. It said revenue from the enterprise data market rose $102.6 million (217.5%), while consumer market revenue fell $25.3 million (39.9%).
Source · Based on the MD&A text of the filing
Gross Margin at 55.1% and Expense Changes
The company said gross margin was 55.1% for Q1 2024, down from 57.4% a year earlier. It cited an increase in inventory write-downs and warranty expenses as a percentage of revenue as factors that lowered gross margin.
Source · Based on the MD&A text of the filing
Operating Expenses and Tax Burden
The company said R&D expenses were $76.0 million (16.6% of revenue) for Q1 2024, and SG&A expenses were $81.0 million (17.7% of revenue). It also disclosed that income tax expense was $12.5 million, or 11.9% of pre-tax income.
Source · Based on the MD&A text of the filing
Liquidity and Capital Return to Stockholders
The company said it held cash and cash equivalents of $488.3 million and short-term investments of $798.1 million as of March 31, 2024. It said it repurchased 6,100 shares of common stock for $4.1 million during the quarter, and that $632.2 million remained available under the repurchase program.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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