secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001451809-24-000108
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiTime Q1 revenue $33.0M, down 22% QoQ; GAAP EPS -$1.26, non-GAAP -$0.08
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- Net revenue $33.0M, down 22% from $42.4M in prior quarter.
- GAAP net loss $28.7M ($1.26/diluted share); non-GAAP net loss $1.9M ($0.08/diluted).
- GAAP gross margin 53.5% of revenue; non-GAAP gross margin 57.9%.
- Cash, cash equivalents & short-term investments totaled $517.3M as of March 31, 2024.
- CEO expects sustained growth in Q2, citing expansion in datacenter and AI markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000145180924000108/0001451809-24-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000145180924000108/sitm-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001451809-24-000108

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