SiTime Q4 revenue $42.4M, up 19% QoQ; FY revenue $144M, down 49%; GAAP net loss $80.5M

SITIME Corp

2023-FY EPS reported -$3.63 revenue$143,993,000

Q4 revenue $42.4M, up 19% from $35.5M prior quarter; FY revenue $144.0M vs $283.6M in 2022 (down 49%).
GAAP net loss Q4 $20.0M ($0.89/basic share); FY net loss $80.5M ($3.63/basic share).
Non-GAAP net income Q4 $5.5M ($0.24/diluted); FY net income $4.2M ($0.18/diluted).
GAAP gross margin 55.9% Q4, 57.0% FY; non-GAAP gross margin 58.3% Q4, 59.2% FY.
Cash, cash equivalents & short-term investments $528.2M at year-end.

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 0.85

SITIME Corp reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $42.4 million, net income ($20.0 million) or ($0.89) per basic share, EPS ($0.89) per basic share.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $42.4 million
Net income: ($20.0 million) or ($0.89) per basic share
EPS: ($0.89) per basic share
Result: reported results

Exact text from the filing

SiTime Corporation, (Nasdaq: SITM), the precision timing company, today announced financial results for the fourth quarter ended December 31, 2023. Net revenue in the fourth quarter was $42.4 million, a 19% increase from the $35.5 million in the prior quarter. Net revenue for fiscal year 2023 was $144.0 million compared with $283.6 million in fiscal year 2022.

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Source: SEC EDGAR

accession 0001451809-24-000022

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