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Dec 31, 2023
SiTime Q4 2023 Earnings Report
SiTime's revenue increased by 19% compared to the previous quarter, with a GAAP net loss of $20.0 million and a non-GAAP net income of $5.5 million.
Key Takeaways
SiTime Corporation reported Q4 2023 financial results, with net revenue of $42.4 million, a 19% increase from the prior quarter. The company's GAAP net loss was $20.0 million, or $0.89 per basic share, while non-GAAP net income was $5.5 million, or $0.24 per diluted share.
Net revenue for Q4 2023 was $42.4 million, up 19% from the previous quarter.
GAAP gross profit was $23.7 million, or 55.9% of revenue.
GAAP net loss was $20.0 million, or $0.89 per basic share.
Non-GAAP net income was $5.5 million, or $0.24 per diluted share.
Forward Guidance
No specific forward guidance was provided in the press release.
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