Monolithic Power Systems Announces Fourth Quarter and Fiscal 2005 Revenues
March 13 2006 - 5:30PM
PR Newswire (US)
LOS GATOS, Calif., March 13 /PRNewswire-FirstCall/ -- Monolithic
Power Systems, Inc. (MPS) (NASDAQ:MPWRE), a leading fabless
manufacturer of high-performance analog and mixed-signal
semiconductors, announced today that its revenue for the fourth
quarter of 2005 was $32.5 million, a 120% increase over revenue of
$14.8 million in the fourth quarter of 2004, and that its fiscal
2005 revenue was $99.1 million, a 108% increase over revenue of
$47.6 million for 2004. The Company also stated that it expects its
revenue for the first fiscal quarter of 2006 to be in the range of
$24 million to $25 million, an approximate increase of 68% over the
same quarter of 2005. As previously announced, the Company will
hold a conference call today at 6 p.m. EST. The dial-in number is
719-457-2733, code number 4971714. This call will be webcast live
for all investors and archived for one year on the MPS website at
http://www.monolithicpower.com/cmp_02_inv_rel.htm . In addition, a
phone replay of the call will be available for seven days at
888-203-1112, code number 4971714. About Monolithic Power Systems,
Inc. Monolithic Power Systems, Inc. (MPS) develops and markets
proprietary, advanced analog and mixed-signal semiconductors. The
Company combines advanced process technology with its highly
experienced analog designers to produce high-performance power
management integrated circuits (ICs) for Cold Cathode Fluorescent
Lamp (CCFL) backlight controllers, LED drivers, DC to DC
converters, Class D audio amplifiers, and Linear ICs. MPS products
are used extensively in computing and network communications
products, LCD monitors and TVs, and a wide variety of consumer and
portable electronics products. MPS partners with world-class
manufacturing organizations to deliver top quality, ultra-compact,
high-performance solutions through the most productive,
cost-efficient channels. Founded in 1997 and headquartered in Los
Gatos, California, the Company has expanded its global presence
with offices in Taiwan, China, Korea, Japan, and Europe, which
operate under MPS International, Ltd. Safe Harbor Statement This
press release contains forward-looking statements, including
statements regarding the Company's expectations concerning its
revenue for the fourth quarter of 2005, fiscal 2005 and first
quarter of 2006. These statements are not historical facts or
guarantees of future performance or events, and are based on
current expectations, estimates, beliefs, assumptions, goals, and
objectives, and involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially
different from the results expressed or implied by these
statements. Readers of this press release and listeners to any
related conference call are cautioned not to place undue reliance
on any forward-looking statements. Factors that could cause actual
results to differ include, but are not limited to, adjustments that
occur as the Company and its auditors complete the audit of the
Company's results of operations for fiscal 2005; incorrect
forecasting of product demand and shipments for the quarter;
acceptance of, or demand for, the Company's products being lower
than expected; the uncertain impact of the Company's ongoing
litigation on customer demand, including the possibility of
additional lost business; the seasonality of the Company's
business, especially in the first quarter of the year; the ability
of our distributors to accurately forecast their customers' needs
and manage their level of inventory to correspond with the actual
demand of their customers; risks associated with the continued
development, structuring and expansion of the Company's business
and distribution partner capabilities; and other important risk
factors identified in the Company's SEC filings including, but not
limited to, the Company's 2004 Annual Report on Form 10-K/A and
Quarterly Reports on the Form 10-Q/A for the first and second
quarters of 2005 filed on March 9, 2006 and the Company's most
recent Quarterly Report for the third quarter of 2005 filed on
March 10, 2006. NOTE: MPS, Monolithic Power Systems, and the MPS
logo are among the trademarks of Monolithic Power Systems, Inc. in
the U.S. and certain other countries. DATASOURCE: Monolithic Power
Systems, Inc. CONTACT: Rick Neely, Chief Financial Officer of
Monolithic Power Systems, Inc., +1-408-357-6759 Web site:
http://www.monolithicpower.com/
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