MPWR Files 8-K on Financial Results & Operations
Ticker: MPWR · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1280452
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, corporate-filing
TL;DR
**MPWR just dropped an 8-K with fresh financial results, time to check the numbers!**
AI Summary
Monolithic Power Systems, Inc. (MPWR) filed an 8-K on February 7, 2024, to report its results of operations and financial condition, along with other events and financial statements. This filing indicates that the company is providing updated financial information to the public, which is crucial for investors to assess its recent performance and make informed decisions about buying, holding, or selling MPWR stock.
Why It Matters
This filing provides investors with the latest financial health and operational performance of Monolithic Power Systems, Inc., directly impacting their valuation of the stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides information to assess existing ones.
Analyst Insight
A smart investor would review the full financial statements and results of operations once they are available to understand the company's performance and future outlook before making any investment decisions.
Key Players & Entities
- MONOLITHIC POWER SYSTEMS, INC. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of earliest event reported and filing date
- 000-51026 (string) — Commission File Number for the registrant
- Delaware (string) — State of incorporation for Monolithic Power Systems, Inc.
- NASDAQ Global Select Market (string) — exchange where MPWR Common Stock is registered
FAQ
What is the primary purpose of this 8-K filing by Monolithic Power Systems, Inc.?
The primary purpose of this 8-K filing by Monolithic Power Systems, Inc. is to report on its results of operations and financial condition, as well as other events and financial statements, as indicated by the 'ITEM INFORMATION: Results of Operations and Financial Condition' and 'ITEM INFORMATION: Other Events' sections.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 7, 2024, as stated under 'Date of Report (date of earliest event reported): February 7, 2024'.
What is the trading symbol and the exchange where Monolithic Power Systems, Inc.'s Common Stock is registered?
Monolithic Power Systems, Inc.'s Common Stock trades under the symbol MPWR and is registered on The NASDAQ Global Select Market, as detailed in the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the business address of Monolithic Power Systems, Inc. as listed in the filing?
The business address of Monolithic Power Systems, Inc. is 5808 Lake Washington Blvd. NE, Kirkland, Washington 98033, according to the 'BUSINESS ADDRESS' section of the filing.
Is Monolithic Power Systems, Inc. considered an emerging growth company according to this filing?
The filing includes a checkbox '☐ Indicate by check mark whether the registrant is an emerging growth company...', and since the box is not checked, it implies that Monolithic Power Systems, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 9.3 · Accepted 2024-02-07 16:01:23
Key Financial Figures
- $0.001 — ch registered Common Stock , par value $0.001 per share MPWR The NASDAQ Global Sel
- $1.00 — ase in its quarterly cash dividend from $1.00 per share to $1.25 per share. The first
- $1.25 — y cash dividend from $1.00 per share to $1.25 per share. The first quarter dividend o
Filing Documents
- mpwr20231113_8k.htm (8-K) — 28KB
- ex_595905.htm (EX-99.1) — 343KB
- ex_623408.htm (EX-99.2) — 10KB
- a01.jpg (GRAPHIC) — 193KB
- a02.jpg (GRAPHIC) — 304KB
- a03.jpg (GRAPHIC) — 99KB
- a04.jpg (GRAPHIC) — 119KB
- a05.jpg (GRAPHIC) — 58KB
- a06.jpg (GRAPHIC) — 124KB
- a07.jpg (GRAPHIC) — 148KB
- a08.jpg (GRAPHIC) — 120KB
- a09.jpg (GRAPHIC) — 116KB
- a10.jpg (GRAPHIC) — 97KB
- a11.jpg (GRAPHIC) — 193KB
- a12.jpg (GRAPHIC) — 146KB
- a13.jpg (GRAPHIC) — 175KB
- a14.jpg (GRAPHIC) — 172KB
- a15.jpg (GRAPHIC) — 141KB
- logosmall.jpg (GRAPHIC) — 8KB
- 0001437749-24-003353.txt ( ) — 3586KB
- mpwr-20240207.xsd (EX-101.SCH) — 3KB
- mpwr-20240207_def.xml (EX-101.DEF) — 11KB
- mpwr-20240207_lab.xml (EX-101.LAB) — 15KB
- mpwr-20240207_pre.xml (EX-101.PRE) — 11KB
- mpwr20231113_8k_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 7, 2024, Monolithic Power Systems, Inc. (the "Company") issued a press release regarding its financial results for the quarter and year ended December 31, 2023, and hosted a webinar covering its financial results. Both the press release and the webinar presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference herein. The information under Item 2.02 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 attached hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "1934 Act"), nor shall they be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the 1934 Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
01 Other Events
Item 8.01 Other Events. On February 7, 2024, the Company issued a press release announcing that its Board of Directors has approved an increase in its quarterly cash dividend from $1.00 per share to $1.25 per share. The first quarter dividend of $1.25 per share will be paid on April 15, 2024 to all stockholders of record as of the close of business on March 29, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1 Press release announcing the financial results for the quarter and year ended December 31, 2023. 99.2 Webinar presentation dated February 7, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 7, 2024 By: /s/ T. Bernie Blegen T. Bernie Blegen Chief Financial Officer