Products

Earnings
API

Get in Touch

Contact Us
X (Twitter)
LinkedIn

Resources

Disclaimer: CapyFin provides financial data and AI analysis for informational purposes only and does not provide investment advice or recommendations. Real-time data and AI outputs may be inaccurate, incomplete, delayed, or contain errors or hallucinations. Investing involves risk, including loss of principal. The service is provided “as is” and we disclaim liability to the fullest extent permitted by law. See our Terms of Service and Privacy Policy.

SiTime Fiscal Q2 2023 Earnings Report - CapyFin

SiTime

🇺🇸 NASDAQ:SITM

View Company

Overview Earnings Dividends Seasonality Metrics

Aug 02, 2023

•

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.

Total Revenue

$27.7M

Previous year: $79.4M