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Mar 31, 2021
SiTime Q1 2021 Earnings Report
SiTime's Q1 2021 financial performance was released, revealing a mix of growth and losses.
Key Takeaways
SiTime Corporation reported a 63.5% increase in revenue compared to Q1 2020, reaching $35.5 million. However, the company experienced a GAAP net loss of $3.6 million, or $0.20 per diluted share, while non-GAAP net income was $3.8 million, or $0.19 per diluted share. The company's cash and cash equivalents totaled $257.0 million.
Net revenue reached $35.5 million, a 63.5% increase year-over-year.
GAAP net loss was $3.6 million, or $0.20 per diluted share.
Non-GAAP net income was $3.8 million, or $0.19 per diluted share.
Cash and cash equivalents totaled $257.0 million.