Welcome to our dedicated page for SITIME news (Ticker: SITM), a resource for investors and traders seeking the latest updates and insights on SITIME stock.
SiTime Corporation (SITM) is a Nasdaq-listed semiconductor company that describes itself as the Precision Timing company. Its news flow centers on MEMS-based programmable timing solutions, including oscillators, clocks, and resonators that support precise timing in communications, data center, aerospace, defense, industrial, wearable, medical, and IoT applications.
On this page, readers can follow SiTime’s financial announcements, such as quarterly earnings results and revenue trends, which the company reports through press releases and accompanying conference calls. These updates often include both GAAP and non-GAAP metrics, along with explanations of adjustments like stock-based compensation and amortization of acquired intangibles.
SiTime’s news also highlights product launches and technology milestones. Examples include the Endura Super-TCXO ENDR-TTT for GNSS-based PNT applications in aerospace, defense, and industrial markets, and the Titan Platform, a family of MEMS resonators built on the company’s FujiMEMS technology for highly integrated, small, battery-powered devices. Such announcements describe performance characteristics, implementation options, and target use cases across edge and high-performance systems.
Investors will also find corporate and governance updates, including board changes disclosed in coordination with SEC filings, and participation in investor conferences where management hosts fireside chats and meets with institutional investors.
By reviewing the news feed for SITM, users can track how SiTime communicates its Precision Timing strategy, product roadmap, end-market focus, and capital markets activities over time. Bookmark this page to quickly access the latest company-issued press releases and related market communications about SiTime Corporation.
SiTime (Nasdaq: SITM) will announce its second quarter 2024 financial results on August 7, 2024, after market close. CEO Rajesh Vashist and CFO Beth Howe will discuss the results during a live conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Analysts and investors can join the call via a live webcast or by registering for a dial-in number. The webcast will be available and archived for 90 days on SiTime's Investor Relations website.
SiTime reported financial results for the first quarter of 2024, with a net revenue of $33.0 million, representing a 22% decrease from the prior quarter. The company's CEO highlighted their position as a leading provider of precision timing chips in key markets like datacenter, AI, and industrial sectors. Despite a decrease in revenue, SiTime's investments in product expansion, including the latest Chorus clock generators, are expected to drive growth in the upcoming quarters.
In terms of financial figures, GAAP gross margins were $17.7 million, operating expenses were $52.7 million, resulting in a net loss of $28.7 million in the first quarter of 2024. Non-GAAP gross margins were $19.1 million, operating expenses were $27.4 million, leading to a net loss of $1.9 million. SiTime reported total cash, cash equivalents, and short-term investments of $517.3 million as of March 31, 2024.
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