secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000950170-22-007391
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiTime Q1 rev $70.3M (+98% YoY); ATM offering up to 800k shares
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- Revenue $70.3M, up 97.7% YoY, down 7.2% sequentially from Q4 2021.
- GAAP net income $6.1M ($0.27 EPS); Non-GAAP net income $21.3M ($0.94 EPS).
- Gross margin 64.4% GAAP, 65.3% non-GAAP; operating expenses 35.1% of revenue non-GAAP.
- Cash and equivalents $571.5M as of March 31, 2022.
- Entered at-the-market offering for up to 800,000 shares with Stifel at 3% commission.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000095017022007391/0000950170-22-007391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000095017022007391/sitm-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007391

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer