SiTime Q3 revenue $35.5M, up 28% QoQ; GAAP net loss $0.81/share

SITIME Corp

2023-Q3 EPS reported -$2.74 revenue$101,590,000

Revenue $35.5M, up 28.1% from $27.7M in Q2 2023.
GAAP gross margin 56.1%; GAAP operating loss $25.2M.
GAAP net loss $18.1M ($0.81 basic EPS).
Non-GAAP net income $1.4M ($0.06 diluted EPS); non-GAAP operating loss $5.6M.
Cash and short-term investments total $568.1M as of Sept 30, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SITIME Corp reported the third quarter of 2023 results: revenue $35.5 million, net income $18.1 million, EPS $0.81 per basic share.

Period: the third quarter of 2023
Revenue: $35.5 million
Net income: $18.1 million
EPS: $0.81 per basic share
Result: reported results

Exact text from the filing

(Nasdaq: SITM), the precision timing company, today announced financial results for the third quarter ended September 30, 2023. Net revenue in the third quarter of 2023 was $35.5 million, a 28.1% increase from the $27.7 million in the second quarter of 2023. Generally Accepted Accounting Principles (GAAP) Results In the third quarter of 2023, GAAP gross margins

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Source: SEC EDGAR

accession 0001451809-23-000083

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