Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q4 2023 Earnings Conference Call February 7, 2024 5:00 PM ET
Company Participants
Genevieve Cunningham - Senior Manager, Marketing Communications
Bernie Blegen - Executive Vice President and Chief Financial Officer
Michael Hsing - Founder and Chief Executive Officer
Conference Call Participants
Quinn Bolton - Needham
Rick Schafer - Oppenheimer
Matt Ramsay - Cowen
Tore Svanberg - Stifel
William Stein - Truist
Travis Polan - Wells Fargo
Melissa Fairbanks - Raymond James
Operator
Welcome everyone to the MPS Fourth Quarter 2023 Earnings Webinar. My name is Genevieve Cunningham and I will be the moderator for this webinar. Joining me today are Michael Hsing, CEO and Founder of MPS, and Bernie Blegen, EVP and CFO.
In the course of today's webinar, we will make forward-looking statements and projections that involve risk and uncertainty, which could cause results to differ materially from management's current views and expectations. Risks, uncertainties, and other factors that could cause actual results to differ are identified in the Safe Harbor statements contained in the Q4 earnings release and in our latest SEC filings, including our Form 10-K and our Form 10-Q, which are 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, operating income, other income, income before income taxes, 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. Tables that outline the reconciliation between the non-GAAP financial measures to GAAP financial measures are included in our Q4 2023 earnings release.
I'd also like to remind you that today's conference call is being webcast live over the internet and will be available for replay on our website for one year, along with the earnings release, which was furnished to the SEC earlier today and is available on our website as well.
Now I'd like to turn the call over to Bernie Blegen.
Bernie Blegen
Thanks Gen. For the full-year of 2023 MPS achieved record revenue of $1.82 billion. This is our 12th consecutive year of revenue growth driven by consistent execution, continued innovation and strong customer focus. As announced today, MPS is expanding into a new $1 billion market with the acquisition of our partner Axign B.V. Axign is a Netherlands-based startup with early revenue, specializing in programmable multi-core digital signal processors.