SiTime Corp
NASDAQ:SITM

  • LAST PRICE
    139.8200
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    64.0000/ 1
  • Ask / Lots
    222.3100/ 1
  • Open / Previous Close
    --- / 139.8200
  • Day Range
    ---
  • 52 Week Range
    72.3900
    165.1100
  • Volume
    ---

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  • Aug 8, 2024

  • Aug 7, 2024

      Show headlines and story abstract

    • 4:44PM ET on Wednesday Aug 07, 2024 by MT Newswires
      Companies Mentioned: SITM
      04:44 PM EDT, 08/07/2024 (MT Newswires) -- ...

    • 4:44PM ET on Wednesday Aug 07, 2024 by MT Newswires
      Companies Mentioned: SITM
      04:44 PM EDT, 08/07/2024 (MT Newswires) -- ...

    • 4:06PM ET on Wednesday Aug 07, 2024 by GlobeNewswire
      Companies Mentioned: SITM

    • 4:05PM ET on Wednesday Aug 07, 2024 by Dow Jones
      Companies Mentioned: SITM
      Three Months Ended June 30, March 31, 2024 2024 ----------------------- ---------------------- (in thousands, except per share data) Reconciliation of GAAP gross profit and margin to non-GAAP Revenue $ 43,866 $ 33,022 GAAP gross profit 21,523 17,661 GAAP gross margin 49.1% 53.5% Amortization of acquired intangibles 3,463 1,284 Stock-based compensation 327 179 ------------- ---- ------------- --- Non-GAAP gross profit $ 25,313 $ 19,124 ============= ==== ============= === Non-GAAP gross margin 57.7% 57.9% ============= === ============= Reconciliation of GAAP operating expenses to non-GAAP GAAP research and development expenses $ 25,490 $ 25,544 Stock-based compensation (9,414) (9,177) ------------- --- ------------- Non-GAAP research and development expenses $ 16,076 $ 16,367 ------------- ---- ------------- --- GAAP sales, general and administrative expenses $ 25,190 $ 23,913 Stock-based compensation (13,176) (12,347) Acquisition related integration costs -- (550) ------------- ---- ------------- Non-GAAP sales, general and administrative expenses $ 12,014 $ 11,016 GAAP acquisition related costs $ 3,163 $ 3,242 Acquisition related costs (3,163) (3,242) ------------- --- ------------- Non-GAAP acquisition related costs $ -- $ -- ------------- ---- ------------- --- Total Non-GAAP operating expenses $ 28,090 $ 27,383 ============= ==== ============= === Reconciliation of GAAP loss from operations to non-GAAP loss from operations GAAP loss from operations $ (32,320) $ (35,038) Acquisition related costs 3,163 3,242 Acquisition related integration costs -- 550 Amortization of acquired intangibles 3,463 1,284 Stock-based compensation 22,917 21,703 ------------- ---- ------------- --- Non-GAAP loss from operations $ (2,777) $ (8,259) ============= === ============= Non-GAAP loss from operations as a percentage of revenue (6.3%) (25.0%) Reconciliation of GAAP net loss to non-GAAP net income (loss) GAAP net loss $ (26,769) $ (28,704) Acquisition related costs 3,163 3,242 Acquisition related integration costs -- 550 Amortization of acquired intangibles 3,463 1,284 Stock-based compensation 22,917 21,703 ------------- ---- ------------- --- Non-GAAP net income (loss) $ 2,774 $ (1,925) ============= ==== ============= Weighted-average shares used to compute diluted net income (loss) per share 22,997 22,765 ============= ==== ============= === GAAP net loss per share diluted $ (1.16) $ (1.26) Non-GAAP adjustments detailed above 1.28 1.18 Non-GAAP net income (loss) per share diluted $ 0.12 $ (0.08) SiTime Corporation Unaudited GAAP Condensed Consolidated Balance Sheets As of June 30, December 31, 2024 2023 ---------- ---------------- (in thousands) Assets: Current assets: Cash and cash equivalents $ 16,637 $ 9,468 Short-term investments in held-to-maturity securities 435,881 518,733 Accounts receivable, net 20,986 21,861 Inventories 70,785 65,539 Prepaid expenses and other current assets 9,278 7,641 -------- --------- Total current assets 553,567 623,242 Property and equipment, net 58,689 54,685 Intangible assets, net 171,149 177,079 Right-of-use assets, net 7,056 8,262 Goodwill 87,098 87,098 Other assets 996 1,317 -------- --------- Total assets $ 878,555 $ 951,683 ======== ========= Liabilities and Stockholders' Equity: Current liabilities: Accounts payable $ 14,489 $ 8,690 Accrued expenses and other current liabilities 65,874 112,704 -------- --------- Total current liabilities 80,363 121,394 Other non-current liabilities 105,680 122,237 -------- --------- Total liabilities 186,043 243,631 -------- --------- Commitments and contingencies Stockholders' equity: Common stock 2 2 Additional paid-in capital 836,383 796,450 Accumulated deficit (143,873) (88,400) -------- --------- Total stockholders' equity 692,512 708,052 -------- --------- Total liabilities and stockholders' equity $ 878,555 $ 951,683 ======== =========

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