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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 507M | 10.8% |
| Gross Profit | 281M | 11.1% |
| Cost of Revenue | 227M | 10.4% |
| Operating expense | 164M | 4.5% |
| Net Income | 100M | 8.5% |
| EBITDA | 125M | 20.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.65B | 2.7% |
| Total Liabilities | 452M | 2.8% |
| Total Equity | 2.2B | 3.9% |
| Shares Outstanding | 49M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 141M | 43.2% |
| Cash from investing | -3.4M | 98.7% |
| Cash from financing | -74M | 47.3% |
EPS
Financial Highlights for Monolithic Power Systems in Q2 '24
Monolithic Power Systems reported a revenue of 507M, which is a 10.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 281M, marking a 11.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 227M, a 10.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 164M, showing a 4.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 100M, showing a 8.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 125M, showing a 20.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Monolithic Power Systems with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
