SITIME CORP Stock Price, News & Analysis

SiTime Corporation (Nasdaq: SITM) will announce its first quarter 2023 financial results on May 3, 2023, after market close. The CEO, Rajesh Vashist, and CFO, Art Chadwick, will host a conference call at 2:00 p.m. PT to discuss the results. Investors can join the call via a live webcast or dial-in registration, which requires prior registration to obtain a dial-in number. SiTime is recognized for its programmable solutions that enhance performance and reliability in timing products, having shipped over 3 billion devices to date. Further details and archived calls will be available on the company’s investor relations website.

SiTime Corporation, a leader in precision timing solutions, announced CFO Art Chadwick will attend two major financial conferences. The first is the Raymond James 44th Annual Institutional Investor Conference in Orlando, FL, on March 7, 2023, at 1:05 p.m. EST. The second is the 35th Annual ROTH Conference in Dana Point, CA, on March 14, 2023, featuring a fireside chat at 1:30 p.m. PST. Registered attendees can request meetings with SiTime management. Known for delivering high-performance timing solutions, SiTime serves diverse sectors such as automotive, industrial, and aerospace.

SiTime Corporation (NASDAQ: SITM) has introduced the SiT7910, a 32 kHz MEMS Super-TCXO, enhancing GPS signal acquisition for aerospace and defense applications. Offering up to 25x precision over legacy quartz technology, this product ensures faster, secure GPS locking even in challenging conditions. The company anticipates growing its served addressable market from approximately $2 billion to $4 billion by the end of 2024. Key features include remarkable frequency stability, ultra-low power consumption, and resilience in high-vibration environments. The SiT7910 is currently sampling, with volume production expected in Q2 2023.

SiTime Corporation (Nasdaq: SITM) reported its financial results for Q4 and FY 2022. Q4 net revenue was $60.8 million, a decline of 19.7% from $75.7 million in Q4 2021. However, FY 2022 net revenue rose 29.6% to $283.6 million from $218.8 million in FY 2021. GAAP gross margins for Q4 stood at 62.1%, while FY 2022 gross margins were at 64.5%. The company reported a Q4 net loss of $1.5 million, translating to a loss of $0.07 per diluted share. Conversely, FY 2022 net income reached $23.3 million, or $1.03 per diluted share. Total cash and equivalents totaled $34.6 million, with short-term investments of $529.5 million as of December 31, 2022.

SiTime Corporation (NASDAQ: SITM) has introduced two new Endura™ precision timing oscillator families designed for aerospace-defense applications. These ruggedized devices promise up to 5x better stability and 10x better environmental resilience, making them ideal for harsh conditions. The Endura ultra-stable Super-TCXO® offers ±10 ppb frequency stability, while the low-jitter differential oscillator ensures optimal communication reliability. Both families are currently sampling, with full production expected by March and July 2023. SiTime's innovative technology aims to enhance design simplicity and reduce troubleshooting time for engineers.

SiTime Corporation (Nasdaq: SITM) will release its fourth quarter 2022 financial results on February 1, 2023, after market close. The company’s CEO, Rajesh Vashist, and CFO, Art Chadwick, will host a conference call at 2:00 p.m. PT to discuss these results. Investors and analysts can register for the call to receive dial-in details. SiTime is a leader in precision timing solutions, having shipped over 3 billion devices, and aims to enhance product performance with compact solutions that offer lower power consumption and increased reliability.

SiTime Corp. (NASDAQ: SITM) has launched the Elite RF Super-TCXO, a precision timing platform designed for 5G and satellite communications. This new technology simplifies wireless infrastructure by integrating clocking functions, enhancing bandwidth and reducing latency. The Elite RF is expected to expand SiTime's serviceable addressable market (SAM) by $150 million, addressing applications such as small cells and remote radio units. Additionally, it offers 30x higher reliability and 20x better environmental resilience compared to mini-OCXOs.

SiTime Corporation (NASDAQ: SITM) has announced that AMD is utilizing its MEMS precision timing solutions for the Alveo X3 series network cards, specifically designed for low latency electronic trading. The SiT95145 Cascade clock system on a chip will generate all clocks for the Alveo X3 NIC, enhancing performance for high-speed networks and stock exchanges. The collaboration aims to meet the demands of financial firms needing ultra-low-latency trade execution and risk management. SiTime's technology promises improved reliability and greater design efficiency for clients.