---
schema_version: "secwatch.filing_event.v1"
accession: "0001451809-24-000022"
form_type: "8-K"
ticker: "SITM"
cik: "0001451809"
company_name: "SITIME Corp"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:19:07.711638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001451809-24-000022
- form_type: 8-K
- ticker: SITM
- cik: 0001451809
- company_name: SITIME Corp
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451809/000145180924000022/0001451809-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451809/000145180924000022/sitm-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451809-24-000022
- JSON: https://secwatch.observer/filing/0001451809-24-000022.json
- Plain text: https://secwatch.observer/filing/0001451809-24-000022.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451809/000145180924000022/0001451809-24-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.