SiTime Q3 revenue $73.1M (+16% YoY); GAAP EPS $0.26, non-GAAP $0.97

SITIME Corp

2022-Q3 EPS reported $1.09 revenue$222,766,000

Net revenue $73.1M, +16% from Q3'21 $63.0M, -8% from Q2'22 $79.4M.
GAAP gross margin 64.7%; GAAP net income $5.8M ($0.26 diluted EPS).
Non-GAAP net income $21.9M ($0.97 diluted EPS); non-GAAP gross margin 65.2%.
GAAP operating income $3.5M (4.8% of revenue); non-GAAP operating income $19.6M (26.8%).
Cash and short-term investments totaled $563.8M as of Sept 30, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SITIME Corp reported the third quarter ended September 30, 2022 results: revenue $73.1 million, net income $5.8 million, EPS $0.26 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $73.1 million
Net income: $5.8 million
EPS: $0.26 per diluted share
Result: reported results

Exact text from the filing

Net revenue in the third quarter of 2022 was $73.1 million, a 16.0% increase from the $63.0 million in the third quarter of 2021 and an 8.0% decrease from the $79.4 million in the second quarter of 2022. Generally Accepted Accounting Principles (GAAP) Results In the third quarter of 2022, GAAP gross margins were $47.3 million, or 64.7% of revenue, GAAP operating expenses were $43.8 million, or 59.9% of revenue, GAAP income from operations was $3.5 million, or 4.8% of revenue and GAAP net income was $5.8 million, or $0.26 per diluted share.

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Source: SEC EDGAR

accession 0000950170-22-021240

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