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Dec 31, 2019
SiTime Q4 2019 Earnings Report
SiTime's Q4 2019 financial results were announced, showing revenue growth and profitability.
Key Takeaways
SiTime Corporation reported a 22.9% increase in revenue for the fourth quarter of 2019, reaching $28.1 million, with a net income of $0.6 million, or $0.05 per diluted share.
Net revenue increased by 22.9% compared to Q4 2018.
GAAP net income was $0.6 million, or $0.05 per diluted share.
Non-GAAP net income was $2.0 million, or $0.16 per diluted share.
Cash and cash equivalents totaled $63.4 million at the end of the quarter.