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Sep 30, 2023
SiTime Q3 2023 Earnings Report
Reported a revenue increase of 28.1% from the previous quarter, with GAAP net loss at $18.1 million and non-GAAP net income at $1.4 million.
Key Takeaways
SiTime Corporation announced its Q3 2023 financial results, with net revenue reaching $35.5 million, a 28.1% increase from the previous quarter. The company reported a GAAP net loss of $18.1 million, or $0.81 per basic share, and a non-GAAP net income of $1.4 million, or $0.06 per diluted share.
Net revenue for Q3 2023 was $35.5 million, up 28.1% from Q2 2023.
GAAP gross margins were 56.1% of revenue.
GAAP net loss was $18.1 million, or $0.81 per basic share.
Non-GAAP net income was $1.4 million, or $0.06 per diluted share.
SiTime
SiTime
Forward Guidance
No forward guidance was provided in the report.