Fabless semiconductor manufacturer Monolithic Power Systems announced its financial results for the quarter and year ended December 31, 2011.
For the fourth quarter, Monolith posted net revenues of $47.5 million, a 10.4% decrease from $53.0 million in the third quarter of 2011 and a slight increase from $47.1 million in the fourth quarter of 2010. Gross margin for the quarter was 52.5%, flat to the third quarter of 2011 and a 2.0% increase from 50.5% in the fourth quarter of 2010.
GAAP net income for the quarter was $2.5 million, with GAAP earnings per share of $0.07 per diluted share. Comparatively, GAAP net income was $3.6 million, with GAAP earnings per share of $0.10 per diluted share for the quarter ended December 31, 2010.
For the year ended December 31, 2011, net revenues were $196.5 million, compared to $218.8 million for the year ended December 31, 2010, a decrease of 10.2%. Gross margin was 51.7%, compared to 55.5% for the year ended December 31, 2010.
GAAP net income for 2011 was $13.3 million, with GAAP EPS of $0.38 per diluted share compared to GAAP net income of $29.6 million, with GAAP EPS of $0.78 per diluted share for the year ended December 31, 2010.
