NASDAQ$SITM

SiTime Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$42.4M

Previous: $60.8M-30.3%
EPS (adj)

$0.24

Previous: $0.64-62.5%
GAAP Gross Margin

55.9%

No prior period
Non-GAAP Gross Margin

58.3%

Previous: 63.1%-7.6%
Non-GAAP Income from Operations % of Revenue

-4.6%

No prior period
Capital Expenditures

$2.84M

Previous: $6.79M-58.2%
Net Income

-$20M

Previous: -$1.53M-1209.6%
Operating Income

-$27.5M

Previous: -$5.73M-379.3%
Gross Profit

$23.7M

Previous: $37.8M-37.3%
R&D Expense

$22.9M

No prior period
Stock-Based Comp

$17.5M

Previous: $15.6M+12.2%

Revenue & EPS history

SiTime · Revenue · Quarterly

$42.4M

Q4 2023-30.3%vs Q4 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

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 Q4 2023

Historical avgQ4 2023

+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

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