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SiTime Fiscal Q1 2023 Earnings Report - CapyFin

SiTime

🇺🇸 NASDAQ:SITM

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Overview Earnings Dividends Seasonality Metrics

May 03, 2023

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Mar 31, 2023

SiTime Q1 2023 Earnings Report

Reported financial results for the first quarter ended March 31, 2023.

Key Takeaways

SiTime reported a decrease in revenue for Q1 2023, with GAAP net loss of $16.5 million, or $(0.76) per basic share, and non-GAAP net income of $2.0 million, or $0.09 per diluted share.

Net revenue was $38.3 million, a 37.0% decrease from the previous quarter.

GAAP gross margins were 60.1% of revenue.

GAAP net loss was $16.5 million, or $(0.76) per basic share.

Non-GAAP net income was $2.0 million, or $0.09 per diluted share.

Total Revenue

$38.3M

Previous year: $70.3M