secwatch.observer — SEC 8-K summary
======================================

Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001451809-24-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000145180924000022/0001451809-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000145180924000022/sitm-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001451809-24-000022

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