SITIME CORP Stock Price, News & Analysis

SiTime Corporation (NASDAQ: SITM) has announced its new TimeFabric™ software suite, designed to enhance timing precision for AI data centers, networking, and communication systems. The solution, when combined with SiTime's oscillators and clocks, delivers up to 9X more accurate time synchronization compared to quartz-based solutions.

The TimeFabric software suite comprises two key modules: an IEEE 1588 standards-compliant synchronization software and proprietary technology extending critical holdover performance to 24 hours. The solution supports various applications, including AI data center components, 5G infrastructure, and fixed wireless access equipment.

Key features include IEEE 1588-2019 compliance meeting ITU-T G.8273.2 Class D requirements, hardware timestamping support, and device drivers for SiTime network synchronizers. The software is now available for SiTime OCXOs, TCXOs, and network synchronizers.

SiTime Corporation (Nasdaq: SITM) has successfully completed its follow-on public offering of 2,012,500 shares of common stock at $200.00 per share. The offering included the full exercise of the underwriters' option to purchase additional shares. After deducting underwriting discounts, commissions, and estimated offering expenses, SiTime raised net proceeds of approximately $387.4 million.

The offering was managed by multiple investment banks, with UBS Investment Bank and Stifel serving as joint lead book-running managers. Needham & Company and Goldman Sachs & Co. LLC acted as joint book-running managers, while Raymond James and Roth Capital Partners served as co-managers.

SiTime Corporation (Nasdaq: SITM) has announced the pricing of its follow-on public offering of 1,750,000 shares of common stock at $200.00 per share. The offering is expected to generate gross proceeds of $350 million before deducting underwriting costs and other expenses.

The company has granted underwriters a 30-day option to purchase up to 262,500 additional shares at the public offering price. The offering, led by joint book-running managers UBS Investment Bank and Stifel, is expected to close on June 27, 2025.

SiTime Corporation (Nasdaq: SITM) has announced a proposed follow-on public offering of $350 million worth of common stock shares. The company will also grant underwriters a 30-day option to purchase up to an additional $52.5 million in shares.

The offering will be managed by UBS Investment Bank and Stifel as joint lead book-running managers, with Needham & Company serving as an additional joint book-running manager. The offering follows a registration statement filed with the SEC on February 26, 2024, and will be conducted through a prospectus supplement and accompanying prospectus.

SiTime Corporation (SITM) reported strong Q1 2025 financial results with net revenue reaching $60.3 million, marking an 83% increase from $33.0 million in Q1 2024. The company posted a GAAP net loss of $23.9 million ($1.01 per diluted share), while non-GAAP net income was $6.3 million ($0.26 per diluted share). GAAP gross profit stood at $30.3 million (50.3% margin), and non-GAAP gross profit was $34.6 million (57.4% margin). The company maintained a strong cash position with $398.9 million in total cash and investments. SiTime also granted RSUs to 15 new employees under its Inducement Award Plan, with 47,238 RSUs approved in accordance with Nasdaq rules.

SiTime Corporation (SITM) has launched Symphonic™ (SiT30100), its first mobile clock generator with an integrated MEMS resonator. The product targets a $2 billion served addressable market (SAM) over the next five years. The clock generator provides accurate timing signals for 5G and GNSS chipsets in mobile and IoT devices.

The Symphonic clock generator features a 4-output design delivering frequencies of 76.8 MHz, 38.4 MHz, or 19.2 MHz, integrated with a MEMS resonator in a compact 2.22 mm² area. Key features include an integrated temperature sensor, superior thermal resilience, and system power optimization capabilities. The device operates in temperatures from -30°C to +90°C and is designed to enhance GPS accuracy and lock time while maintaining stable performance under harsh conditions.

SiTime (SITM) has scheduled the release of its first quarter 2025 financial results for Wednesday, May 7, 2025, after market close. The precision timing company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) featuring CEO Rajesh Vashist and CFO Beth Howe to discuss the quarterly results.

The company will provide a live audio webcast of the conference call, which will be archived for approximately 90 days on SiTime's Investor Relations website. Analysts and investors interested in participating via phone must complete an advanced registration to receive a dedicated PIN and dial-in number.

SiTime (Nasdaq: SITM), the Precision Timing company, has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference. The event will take place at the Palace Hotel in San Francisco, CA.

Key details:

• CEO Rajesh Vashist and CFO Beth Howe will represent SiTime
• The company will host a fireside chat on Tuesday, March 4, 2025, at 4:50 p.m. PST
• Investors can access both live and archived versions of the fireside chat through the Events section of SiTime's Investor Relations website

SiTime (SITM) reported strong Q4 2024 financial results with net revenue of $68.1 million, up 18% quarter-over-quarter and 61% year-over-year. Full-year 2024 revenue reached $202.7 million, a 41% increase from 2023.

Q4 2024 showed mixed results with GAAP metrics reporting a loss from operations of $23.0 million and net loss of $18.8 million ($0.80 per share). However, non-GAAP figures were positive with income from operations of $7.6 million and net income of $11.8 million ($0.48 per share).

The company reported over 30% growth across all customer segments, with significant gains in Communications, Enterprise, and Datacenter business. Total cash and equivalents stood at $418.8 million as of December 31, 2024. The quarter included a $7.3 million payment related to the Aura transaction.