Loading...
•
Jun 30, 2023
SiTime Q2 2023 Earnings Report
SiTime's financial performance declined in Q2 2023, with a decrease in revenue and a net loss reported.
Key Takeaways
SiTime Corporation reported a decrease in revenue for the second quarter of 2023, with net revenue at $27.7 million, a 27.7% decrease compared to the previous quarter. The company experienced a GAAP net loss of $25.9 million, or $1.17 per basic share, and a non-GAAP net loss of $4.8 million, or $0.22 per diluted share.
Net revenue was $27.7 million, a 27.7% decrease from the previous quarter.
GAAP gross margins were 55.7% of revenue.
GAAP net loss was $25.9 million, or $1.17 per basic share.
Non-GAAP net loss was $4.8 million, or $0.22 per diluted share.
SiTime
SiTime
Forward Guidance
No forward guidance provided in this report.