Loading...
•
Dec 31, 2020
SiTime Q4 2020 Earnings Report
SiTime's Q4 2020 financial results were reported, showcasing revenue growth and profitability.
Key Takeaways
SiTime Corporation reported a strong fourth quarter with a 43.4% increase in revenue compared to the same period last year. The company achieved GAAP profitability and even higher non-GAAP profitability, demonstrating improved operational efficiency.
SiTime reported Q4 2020 revenue of $40.3 million, a 43.4% increase year-over-year.
GAAP gross margins reached 52.3% of revenue in Q4 2020.
GAAP net income for Q4 2020 was $2.0 million, or $0.10 per diluted share.
Non-GAAP net income for Q4 2020 was $8.3 million, or $0.43 per diluted share.