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Monolithic Power Systems, Inc. (MPWR) CEO Michael Hsing on Q1 2021 Results - Earnings Call Transcript

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Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q1 2021 Earnings Conference Call May 4, 2021 5:00 PM ET

Company Participants

Genevieve Cunningham - Marketing Communications Manager

Michael Hsing - CEO and Founder

Bernie Blegen - VP and CFO

Conference Call Participants

Joshua Buchalter - Cowen

Ross Seymore - Deutsche Bank

Tore Svanberg - Stifel

William Stein - Truist

David Williams - Loop Capital

Rick Schafer - Oppenheimer

Genevieve Cunningham

Welcome everyone to the MPS First Quarter 2021 Earnings Webinar. Please note that this webinar is being recorded and will be archived for one year on our Investor Relations page at www.monolithicpower.com. My name is Genevieve and I will be the moderator for this webinar. Joining me today are Michael Hsing, CEO and Founder of MPS; and Bernie Blegen, VP and CFO.

In the course of today's conference call, we will be making forward-looking statements and projections that involve risk and uncertainty, which could cause results to differ materially from management's current views and expectations. Please refer to the Safe Harbor statement contained in the earnings release published today.

Risks, uncertainties and other factors that could cause actual results to differ are identified in the Safe Harbor statements contained in the Q1 earnings release and in our SEC filings, including our Form 10-K filed on March 1, 2021 which is accessible through our website. MPS assumes no obligation to update the information provided on today's call.

We will be discussing gross margin, operating expense, R&D and SG&A expense, operating income, interest and other income, net income and earnings on both a GAAP and a non-GAAP basis. These non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered as a substitute for or superior to measures of financial performance prepared in accordance with GAAP.

A table that outlines the

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