{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-017174","form_type":"8-K","ticker":"SITM","cik":"0001451809","company_name":"SITIME Corp","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.918859+00:00","generated_at":"2026-06-16T00:52:12.737023+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SiTime Q1 revenue $38.3M, down 37% QoQ; GAAP net loss $16.5M","bullets":["Revenue $38.3M, down 37% from Q4 2022 ($60.8M).","GAAP net loss $16.5M ($0.76 loss per basic share).","Non-GAAP net income $2.0M ($0.09 per diluted share).","Cash and short-term investments total $576.1M.","GAAP operating loss $22.1M on operating expenses $45.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-017174","json":"https://secwatch.observer/filing/0000950170-23-017174.json","markdown":"https://secwatch.observer/filing/0000950170-23-017174.md","text":"https://secwatch.observer/filing/0000950170-23-017174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451809/000095017023017174/0000950170-23-017174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451809/000095017023017174/sitm-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:52:12.737023+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e606b7f4180308bf1540d8aac4e7f67bfd30dfed","claim":"SITIME Corp reported first quarter ended March 31, 2023 results: revenue $38.3 million, net income GAAP net loss was $16.5 million, or $(0.76) per basic share, EPS $(0.76) per basic share.","evidence_excerpt":"SiTime Corporation, (Nasdaq: SITM), the precision timing company, today announced financial results for the first quarter ended March 31, 2023. Net revenue in the first quarter of 2023 was $38.3 million, a 37.0% decrease from the $60.8 million in the fourth quarter of 2022. Generally Accepted Accounting Principles (GAAP) Results In the first quarter of 2023, GAAP gross margins were $23.0 million, or 60.1% of revenue, GAAP operating expenses were $45.2 million, GAAP loss from operations was $22.1 million, and GAAP net loss was $16.5 million, or $(0.76) per basic share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451809/000095017023017174/0000950170-23-017174-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$38.3 million"},{"label":"Net income","value":"GAAP net loss was $16.5 million, or $(0.76) per basic share"},{"label":"EPS","value":"$(0.76) per basic share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}