secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037147
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiTime Q2 revenue $27.7M, down 27.7% QoQ; GAAP net loss $25.9M (-$1.17/share)
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- Net revenue $27.7M, down 27.7% from Q1 2023's $38.3M.
- GAAP net loss $25.9M ($1.17 basic loss per share); non-GAAP net loss $4.8M ($0.22 diluted).
- GAAP gross margin 55.7%; non-GAAP gross margin 58.2%.
- Cash and short-term investments $574.7M on June 30, 2023.
- GAAP operating expenses $47.8M; non-GAAP operating expenses $27.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000095017023037147/0000950170-23-037147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000095017023037147/sitm-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037147

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