NASDAQ$SITM

SiTime Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

SiTime's third quarter results were announced, showcasing revenue growth and profitability improvements.

SiTime Corporation reported a strong third quarter with a 29.0% increase in revenue compared to the same period last year and a 52.1% increase compared to the previous quarter. The company achieved non-GAAP profitability, with non-GAAP net income of $4.4 million or $0.23 per diluted share.

  • Net revenue reached $32.7 million, up 29.0% year-over-year.
  • GAAP loss from operations was $0.6 million, or 1.7% of revenue.
  • Non-GAAP net income was $4.4 million, or $0.23 per diluted share.
  • Cash and cash equivalents totaled $69.2 million at the end of the quarter.

Headline financials

Total Revenue

$32.7M

Previous: $25.3M+29.0%
EPS (adj)

$0.23

Previous: $0.08+204.8%
GAAP Gross Margin

51.7%

No prior period
Non-GAAP Gross Margin

52.1%

No prior period
Capital Expenditures

-$3.91M

No prior period
Free Cash Flow

-$4.58M

No prior period
Net Income

-$667K

Previous: $1.08M-161.8%
Operating Income

-$560K

Previous: $1.5M-137.3%
Gross Profit

$16.9M

Previous: $12.1M+39.1%
Cash & Equivalents

$69.2M

No prior period
Total Assets

$128M

No prior period
Stock-Based Comp

$4.3M

No prior period

Revenue & EPS history

SiTime · Revenue · Quarterly

$32.7M

Q3 2020+29%vs Q3 2019
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+5.5%

Avg return

Earnings day

+5.9%

Avg return

5 days after

+6.3%

Avg return

30 days after

68%

17 / 25 earnings

Positive

+34.4%

Q2 2021

Best reaction

-31.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+27.5%+35.9%+0.7%
Q4 2025+17.9%+18.9%-5.9%
Q3 2025+21.8%+9.9%+26.2%
Q1 2025+13.3%+23.0%+23.9%
Q4 2024-20.9%-25.1%-21.6%
Q3 2024+27.3%+21.5%+30.9%
Q2 2024+9.8%+13.2%+15.0%
Q1 2024+28.2%+27.8%+22.6%
Q4 2023-8.2%-17.7%-30.7%
Q3 2023+8.5%+8.8%+10.8%
Q2 2023+3.5%+3.9%-2.3%
Q1 2023-20.6%-20.0%-4.2%
Q4 2022+13.0%+8.5%+16.3%
Q3 2022-12.1%+1.7%+14.3%
Q2 2022-31.3%-27.8%-50.1%
Q1 2022-0.5%-10.7%+22.0%
Q4 2021-17.0%-18.5%-25.2%
Q3 2021+8.1%+8.6%+4.0%
Q2 2021+34.4%+39.3%+63.2%
Q1 2021+1.2%+0.1%+5.6%
Q4 2020-2.7%+3.8%-27.7%
Q3 2020+4.3%+3.8%+13.3%
Q2 2020+7.6%+10.9%+21.1%
Q1 2020+10.5%+12.9%+48.7%
Q4 2019+13.2%+15.1%-12.5%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro