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Jun 30, 2020
SiTime Q2 2020 Earnings Report
SiTime's financial results for the second quarter of 2020 were announced, showing revenue growth compared to the previous year.
Key Takeaways
SiTime Corporation reported a revenue of $21.5 million for Q2 2020, representing a 35.5% increase compared to Q2 2019. The GAAP net loss was $5.6 million, or $0.36 per diluted share, while non-GAAP net loss was $2.2 million, or $0.14 per diluted share.
Revenue for Q2 2020 reached $21.5 million, a 35.5% increase year-over-year.
GAAP gross margins were 46.5% of revenue.
GAAP net loss was $5.6 million, or $0.36 per diluted share.
Non-GAAP net loss was $2.2 million, or $0.14 per diluted share.
SiTime
SiTime
Forward Guidance
No forward guidance was provided in the press release.