SiTime(SITM)

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SiTime(SITM) - 2023 Q3 - Earnings Call Transcript
2023-11-02 04:24
Financial Data and Key Metrics Changes - Revenue for Q3 2023 was $35.5 million, up 28% from Q2 2023 [19][46] - Non-GAAP gross margins were 58.2%, essentially flat compared to Q2 [20][46] - Non-GAAP EPS was $0.06 per share, a significant improvement from a loss of $0.21 in Q2 [5][46] - Non-GAAP operating expenses were $26.3 million, down about 4% from Q2 [20][46] - Cash, cash equivalents, and short-term investments totaled $568.1 million at the end of the quarter [21] Business Line Data and Key Metrics Changes - Sales in the mobile IoT and Consumer segment were $17.9 million, accounting for 50% of total sales, up from $10.4 million in Q2 [19][45] - Sales to the largest customer increased to $13.2 million from $4.6 million in Q2 [45] - Sales in the Industrial, Automotive, and Aerospace segment were $11.7 million, slightly down from $12.4 million in Q2 [45] - Sales in the Communications & Enterprise segment were $5.9 million, up from $4.9 million in Q2 [45] Market Data and Key Metrics Changes - The company expects Q4 sales to increase by 15% to 20% sequentially, driven by markets other than the largest customer, particularly in communications, enterprise, industrial, and aerospace [22][39] - The cumulative design wins in 2023 have grown 75% compared to the same period in 2022 [6] Company Strategy and Development Direction - The company is expanding its Serviceable Available Market (SAM) with high-value products like Epoch for communications and data center markets [12][13] - The acquisition of Aura Semiconductor is expected to accelerate clocking revenue and roadmap by several years [14][15] - The company aims to create a new category of precision timing products by combining MEMS oscillators with clock products [41][100] Management's Comments on Operating Environment and Future Outlook - Management noted an uptick in end demand and expects continued growth in Q4, particularly in the communications and enterprise segments [22][39] - The company is managing inventory levels and expects to normalize channel inventory by the end of 2023 or into 2024 [47] - Management expressed confidence in maintaining a long-term annual growth rate of 30% [29] Other Important Information - The company announced the appointment of Beth Howe as the new CFO, effective November 8 [16][25] - The acquisition of Aura Semiconductor involves fixed payments totaling $148 million, with earn-out payments based on revenue generated from acquired products [49][93] Q&A Session Summary Question: What are the expected growth subsegments for Q4? - Management expects substantial growth in the communications and enterprise segment, projecting a 50% sequential increase from Q3 to Q4 [53] Question: How does the Aura acquisition impact financial profiles long-term? - The acquisition is expected to enhance gross margins, with clocking products typically having gross margins around 70% [28] Question: What are the order trends moving into Q4? - Order rates have increased, contributing to confidence in growth for the communications, enterprise, industrial, and aerospace segments [34][59] Question: What is the expected impact of the Aura acquisition on operational expenses? - The acquisition will not significantly increase operational expenses, as the company plans to hire a few employees from Aura [76] Question: How does the company view its business in China? - The company anticipates growth in its China business, particularly in industrial and automotive sectors, despite macroeconomic challenges [110]
SiTime(SITM) - 2023 Q2 - Quarterly Report
2023-08-03 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39135 SiTime Corporation (Exact name of registrant as specified in its charter) Delaware 02-0713868 (State or other jurisdiction o ...
SiTime(SITM) - 2023 Q2 - Earnings Call Transcript
2023-08-03 02:25
SiTime Corporation (NASDAQ:SITM) Q2 2023 Results Conference Call August 2, 2023 5:00 PM ET Company Participants Brett Perry - Shelton Group Investor Relations Rajesh Vashist - CEO Art Chadwick - CFO Conference Call Participants Tore Svanberg - Stifel Suji Desilva - ROTH Capital Quinn Bolton - Needham & Company Chris Caso - Wolfe Research Douglas O'Laughlin - Fabricated Knowledge Operator Good afternoon. And welcome to SiTime's Second Quarter 2023 Financial Results Conference Call [Operator Instructions]. As ...
SiTime(SITM) - 2023 Q1 - Quarterly Report
2023-05-04 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39135 SiTime Corporation Delaware 02-0713868 (State or other jurisdiction of incorporation or organization) 5451 Patrick Henry Dr ...
SiTime(SITM) - 2023 Q1 - Earnings Call Transcript
2023-05-04 02:48
SiTime Corporation (NASDAQ:SITM) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Brett Perry - Shelton Group IR Rajesh Vashist - CEO Art Chadwick - EVP and CFO Conference Call Participants Tore Svanberg - Stifel, Nicolaus & Company Suji Desilva - ROTH Capital Quinn Bolton - Needham & Company Operator Good afternoon and welcome to SiTime's First Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a r ...
SiTime(SITM) - 2022 Q4 - Annual Report
2023-02-27 21:10
```markdown Part I [Business](index=7&type=section&id=Item%201.%20Business) SiTime provides silicon-based MEMS precision timing solutions for electronic systems, utilizing a fabless model and proprietary technology [Overview](index=7&type=section&id=Item%201.%20Business%23Overview) SiTime provides critical precision timing solutions for electronics, leveraging expertise in MEMS, analog mixed-signal design, and system integration for superior all-silicon products - SiTime provides precision timing solutions (oscillators, resonators, clock ICs) that are the 'heartbeat' of electronic systems, designed into over **300 applications** across markets like communications, automotive, industrial, aerospace, and consumer[19](index=19&type=chunk) - The company's solutions are based on three core areas of expertise: **micro-electro-mechanical systems (MEMS)**, **analog mixed-signal design**, and **advanced system-level integration**[19](index=19&type=chunk) - Unlike quartz-based providers, SiTime designs the entire system, including the silicon MEMS resonator and analog circuits, enabling performance advantages and a complete solution for customers[20](index=20&type=chunk) [Industry Background and Market Opportunity](index=8&type=section&id=Item%201.%20Business%23Industry%20Background%20and%20Market%20Opportunity) The global timing market, projected to reach **$10.1 billion by 2024**, is transitioning from quartz to MEMS, with the MEMS sub-market expected to grow at a **35% CAGR** to **$1.5 billion by 2027** - The global timing market is expected to grow to **$10.1 billion by 2024**, with oscillators and resonators representing approximately $5.0 billion and $4.0 billion, respectively[29](index=29&type=chunk) - The market for MEMS timing devices is projected to grow from approximately **$0.25 billion in 2021** to **$1.5 billion by 2027**, representing a compound annual growth rate of about **35%**[29](index=29&type=chunk) - Legacy quartz-based solutions have limitations such as sensitivity to temperature changes and vibration, limited frequency ranges, and difficulty integrating into standard semiconductor packages[27](index=27&type=chunk) [Our Solutions, Technology, and Strategy](index=10&type=section&id=Item%201.%20Business%23Our%20Solutions%2C%20Technology%2C%20and%20Strategy) SiTime's solutions leverage proprietary MEMS processes and advanced analog technologies, with a strategy focused on extending leadership, broadening portfolio, and expanding margins - Key technologies include **MEMS First®**, **EpiSeal®**, and **TempFlat®** processes for resonators, and innovative low-noise circuits and high-performance PLLs for oscillators and clock ICs[38](index=38&type=chunk) - The company's solutions offer benefits such as high performance, small size, low power consumption, programmability, high quality, and rapid time to market[39](index=39&type=chunk) - Key strategic elements include extending technology leadership, broadening the product portfolio, attracting new customers via direct sales and the **SiTimeDirect** online store, and expanding profit margins[40](index=40&type=chunk)[41](index=41&type=chunk) [Customers and Sales](index=13&type=section&id=Item%201.%20Business%23Customers%20and%20Sales) SiTime sells through distributors and directly, with **Pernas, Arrow, and Quantek** as major distributors and **Apple Inc.** as the largest end customer, accounting for **20% of 2022 revenue** Revenue Contribution from Major Distributors (2020-2022) | Distributor | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | Pernas Electronics Co., Ltd. | 20% | 24% | 26% | | Arrow Electronics, Inc. | 17% | 14% | 15% | | Quantek Technology Corporation | 12% | 10% | 18% | - Revenue attributable to the largest end customer, **Apple Inc.**, accounted for approximately **20%**, **22%**, and **40%** of total revenue for the years 2022, 2021, and 2020, respectively[44](index=44&type=chunk)[45](index=45&type=chunk) - The company's sales channels include a direct sales force, a network of distributors, and a self-service online store, **SiTimeDirect**[47](index=47&type=chunk)[48](index=48&type=chunk) [Manufacturing and R&D](index=14&type=section&id=Item%201.%20Business%23Manufacturing%20and%20R%26D) SiTime operates a fabless model, outsourcing manufacturing to **Bosch** and **TSMC**, with **56% of its workforce** dedicated to research and development - SiTime uses a fabless model, with **Robert Bosch LLC** (MEMS wafers) and **TSMC** (analog ICs) as primary foundries[51](index=51&type=chunk) - A ten-year supply agreement with **Bosch** for MEMS wafers is in place through **February 2027**[52](index=52&type=chunk) - As of December 31, 2022, the company had **211 employees** in research and development, representing approximately **56%** of its total workforce[54](index=54&type=chunk) [Intellectual Property and Competition](index=15&type=section&id=Item%201.%20Business%23Intellectual%20Property%20and%20Competition) SiTime protects its technology with **99 issued U.S. patents** and competes in a highly competitive timing market against large international and specialized firms - As of December 31, 2022, the company held **99 issued U.S. patents**, expiring between 2026 and 2039, and 43 pending U.S. patent applications[55](index=55&type=chunk) - The company also licenses certain patents from Bosch for MEMS-based timing applications, with these rights expiring between 2021 and 2029[56](index=56&type=chunk) - Key competitors include **Abracon**, **Daishinku**, **Kyocera**, **Microchip Technology**, **Murata**, **Renesas**, **Seiko Epson**, **Skyworks**, and **Texas Instruments**[60](index=60&type=chunk) [Human Capital](index=16&type=section&id=Item%201.%20Business%23Human%20Capital) SiTime attributes success to its innovative culture, employing **377 full-time equivalents** as of December 2022, with a focus on competitive compensation and high employee satisfaction - As of December 31, 2022, the company had **377 full-time equivalent employees**, with **211 in R&D**, **136 in sales, general, and administrative**, and **30 in operations**[69](index=69&type=chunk) - Compensation includes a mix of base salary, bonuses, and equity incentive plans to attract, retain, and motivate employees[64](index=64&type=chunk) - A 2022 employee survey showed an **8.5 out of 10** overall employee satisfaction rating[68](index=68&type=chunk) [Risk Factors](index=17&type=section&id=Item%201A.%20Risk%20Factors) The company faces risks from macroeconomic conditions, semiconductor cyclicality, customer concentration (especially **Apple**), reliance on third-party suppliers, intense competition, and significant ownership by **MegaChips Corporation** - Global macroeconomic conditions, such as inflation and recession fears, and the cyclical nature of the semiconductor industry have harmed and may continue to harm business and demand[72](index=72&type=chunk)[75](index=75&type=chunk) - The company has historically depended on a limited number of customers. In 2022, the top three distributors accounted for **49% of revenue**, and the largest end customer, **Apple**, accounted for **20%**[76](index=76&type=chunk) - Reliance on third-party suppliers for wafer fabrication (**Bosch**, **TSMC**), assembly, and testing exposes the company to supply chain, quality, and pricing risks[82](index=82&type=chunk)[83](index=83&type=chunk) - **MegaChips Corporation** owns approximately **23.0%** of the company's common stock as of year-end 2022, giving it significant influence over stockholder matters[183](index=183&type=chunk) [Unresolved Staff Comments](index=39&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the Securities and Exchange Commission - **None**[197](index=197&type=chunk) [Properties](index=40&type=section&id=Item%202.%20Properties) SiTime does not own real property, with its principal executive offices in a leased **50,400 square foot facility** in Santa Clara, California, expiring March 2027 - The company's principal executive offices are in a leased facility of approximately **50,400 square feet** in Santa Clara, California, under a lease that expires in **March 2027**[198](index=198&type=chunk) - The company does not own any real property and believes its leased facilities are adequate for current needs[198](index=198&type=chunk) [Legal Proceedings](index=40&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently a party to any legal proceedings that would materially adversely affect its business or financial condition - The company is not currently a party to any **material legal proceedings**[199](index=199&type=chunk) [Mine Safety Disclosures](index=40&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - **Not applicable**[200](index=200&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=41&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) SiTime's common stock trades on Nasdaq under **SITM** since November 2019, with no cash dividends paid or intended, retaining earnings for growth - The company's common stock has been quoted on the Nasdaq Global Market under the symbol "**SITM**" since **November 2019**[202](index=202&type=chunk) - The company has never paid cash dividends and does not intend to in the foreseeable future[203](index=203&type=chunk) [Reserved](index=43&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=44&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2022, SiTime achieved **30% revenue growth** to **$283.6 million**, but operating income decreased **51%** due to a **56% surge in operating expenses**, with **$564.1 million** in cash and investments at year-end [Results of Operations](index=47&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Results%20of%20Operations) For fiscal year 2022, revenue grew **30%** to **$283.6 million**, gross margin improved to **65%**, but operating income fell **51%** to **$16.1 million** due to increased operating expenses Key Financial Results (2021 vs 2022) | Metric | 2022 (in thousands) | 2021 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $283,605 | $218,808 | 30% | | Gross Profit | $182,962 | $139,462 | 31% | | Gross Margin | 65% | 64% | 1 ppt | | Income from Operations | $16,142 | $32,843 | (51%) | | Net Income | $23,254 | $32,277 | (28%) | - Revenue growth of **30%** in 2022 was driven by an increase in ASPs, a **2%** increase in shipment volume, and a **$2.7 million** one-time revenue recognition from a waived customer rebate[232](index=232&type=chunk) - R&D expenses increased by **73%** to **$90.3 million**, primarily due to new product expenses, higher stock-based compensation, and increased headcount[240](index=240&type=chunk)[242](index=242&type=chunk) - Selling, general and administrative expenses increased by **40%** to **$76.5 million**, mainly due to higher stock-based compensation and consulting fees[240](index=240&type=chunk)[245](index=245&type=chunk) [Liquidity and Capital Resources](index=50&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Liquidity%20and%20Capital%20Resources) As of December 31, 2022, the company held **$564.1 million** in cash and investments, with **$39.8 million** net cash from operations, sufficient for at least the next 12 months Cash and Investments (as of Dec 31) | Asset | 2022 (in millions) | 2021 (in millions) | | :--- | :--- | :--- | | Cash and cash equivalents | $34.6 | $559.5 | | Short-term investments | $529.5 | $0 | | **Total** | **$564.1** | **$559.5** | Summary of Cash Flows (Year Ended Dec 31, 2022) | Cash Flow Activity | Amount (in millions) | | :--- | :--- | | Net cash provided by operating activities | $39.8 | | Net cash used in investing activities | ($560.1) | | Net cash used in financing activities | ($4.5) | - In **May 2022**, the company initiated an at-the-market (ATM) offering, selling **225,334 shares** for net proceeds of **$33.0 million** during the year[255](index=255&type=chunk) [Critical Accounting Estimates](index=51&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Critical%20Accounting%20Estimates) Key accounting estimates include revenue recognition, inventory valuation, stock-based compensation, and income taxes, particularly the full valuation allowance on deferred tax assets - Critical accounting estimates include revenue recognition (variable consideration), inventory valuation (excess and obsolete reserves), stock-based compensation, and income taxes (valuation allowance on deferred tax assets)[269](index=269&type=chunk) - Inventory is valued at the lower of cost or net realizable value, with write-downs for excess and obsolete inventory based on management's assessment of future demand[271](index=271&type=chunk) - The company maintains a **full valuation allowance** against its deferred tax assets as their realization is not more likely than not[274](index=274&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=53&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency and interest rates on its **$564.1 million** cash and investments, but a **10% change** is not expected to be material - The company is exposed to foreign currency risk as expenses are denominated in various currencies while revenue is primarily in U.S. dollars[278](index=278&type=chunk) - The company is exposed to interest rate risk on its cash, cash equivalents, and short-term investments, which totaled **$564.1 million** as of **December 31, 2022**[279](index=279&type=chunk) - The company does not currently use derivative financial instruments to manage its interest rate or foreign currency risk exposure[278](index=278&type=chunk)[280](index=280&type=chunk) [Financial Statements and Supplementary Data](index=54&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for fiscal year 2022, with an unqualified audit opinion from **BDO USA, LLP** on both financials and internal controls Consolidated Balance Sheet Data (As of Dec 31, 2022) | Account | Amount (in thousands) | | :--- | :--- | | **Assets** | | | Total Current Assets | $669,067 | | Total Assets | $750,616 | | **Liabilities & Equity** | | | Total Current Liabilities | $33,794 | | Total Liabilities | $42,136 | | Total Stockholders' Equity | $708,480 | Consolidated Statement of Operations Data (Year Ended Dec 31, 2022) | Account | Amount (in thousands) | | :--- | :--- | | Revenue | $283,605 | | Gross Profit | $182,962 | | Income from Operations | $16,142 | | Net Income | $23,254 | | Diluted EPS | $1.03 | - The independent auditor, **BDO USA, LLP**, identified the valuation of inventory as a critical audit matter due to the subjective judgments required by management in forecasting future demand[289](index=289&type=chunk)[290](index=290&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=81&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants regarding accounting principles or financial disclosure - **None**[413](index=413&type=chunk) [Controls and Procedures](index=81&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management and **BDO USA, LLP** concluded that the company's disclosure controls and internal control over financial reporting were effective as of December 31, 2022 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of **December 31, 2022**[415](index=415&type=chunk) - Management concluded that the company's internal control over financial reporting was effective as of **December 31, 2022**[418](index=418&type=chunk) - The independent auditor, **BDO USA, LLP**, issued an unqualified opinion on the effectiveness of the company's internal control over financial reporting as of **December 31, 2022**[419](index=419&type=chunk)[422](index=422&type=chunk) [Other Information](index=83&type=section&id=Item%209B.%20Other%20Information) On February 21, 2023, the Compensation Committee approved an amendment to the **2022 Inducement Award Plan**, increasing the share reserve by **250,000 shares** - On **February 21, 2023**, the company amended its **2022 Inducement Award Plan** to increase the share reserve by **250,000 shares**[428](index=428&type=chunk)[429](index=429&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=83&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - **Not applicable**[430](index=430&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=84&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2023 Annual Meeting of Stockholders proxy statement - The required information is incorporated by reference from the definitive proxy statement for the 2023 Annual Meeting of Stockholders[433](index=433&type=chunk) [Executive Compensation](index=84&type=section&id=Item%2011.%20Executive%20Compensation) Information on executive and director compensation is incorporated by reference from the 2023 Annual Meeting of Stockholders proxy statement - The required information is incorporated by reference from the definitive proxy statement for the 2023 Annual Meeting of Stockholders[438](index=438&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=84&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership is incorporated by reference from the 2023 proxy statement, with **2,088,820 securities** to be issued under equity plans Equity Compensation Plan Information (as of Dec 31, 2022) | Plan Category | Securities to be Issued Upon Exercise | Securities Remaining Available for Future Issuance | | :--- | :--- | :--- | | Approved by stockholders | 1,867,071 | 754,827 | | Not approved by stockholders | 221,749 | 27,213 | | **Total** | **2,088,820** | **782,040** | [Certain Relationships and Related Transactions, and Director Independence](index=85&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on related person transactions and director independence is incorporated by reference from the 2023 Annual Meeting of Stockholders proxy statement - The required information is incorporated by reference from the definitive proxy statement for the 2023 Annual Meeting of Stockholders[444](index=444&type=chunk) [Principal Accounting Fees and Services](index=85&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Information on principal accounting fees and services is incorporated by reference from the 2023 Annual Meeting of Stockholders proxy statement - The required information is incorporated by reference from the definitive proxy statement for the 2023 Annual Meeting of Stockholders[445](index=445&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=86&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all financial statements, schedules, and exhibits filed as part of the Annual Report on Form 10-K - This section lists all financial statements, schedules, and exhibits filed with the Form 10-K[448](index=448&type=chunk)[449](index=449&type=chunk) [Form 10-K Summary](index=90&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports that no Form 10-K summary is provided - **None**[457](index=457&type=chunk) ```
SiTime(SITM) - 2022 Q4 - Earnings Call Transcript
2023-02-02 00:39
SiTime Corporation (NASDAQ:SITM) Q4 2022 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants Brett Perry - Shelton Group Investor Relations Rajesh Vashist - Chief Executive Officer Art Chadwick - Executive Vice President & Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Chris Caso - Credit Suisse Alessandra Vecchi - William Blair Suji Desilva - ROTH Capital Partners Tore Svanberg - Stifel Doug O'Laughlin - Fabricated Knowledge Operator Good afterno ...
SiTime(SITM) - 2022 Q3 - Quarterly Report
2022-11-04 20:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39135 SiTime Corporation (Exact name of registrant as specified in its charter) Delaware 02-0713868 (State or other jurisdict ...
SiTime(SITM) - 2022 Q3 - Earnings Call Transcript
2022-11-03 02:26
SiTime Corporation (NASDAQ:SITM) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Brett Perry - Shelton Group Investor Relations Rajesh Vashist - Chief Executive Officer Art Chadwick - Chief Financial Officer Conference Call Participants Alessandra Vecchi - William Blair Suji Desilva - ROTH Capital Quinn Bolton - Needham & Company Operator Good afternoon, and welcome to SiTime's Third Quarter 2022 Financial Results Conference Call. At this time, all participants are in a li ...
SiTime(SITM) - 2022 Q2 - Quarterly Report
2022-08-04 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION SiTime Corporation ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 (Exact name of registrant as specified in its charter) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, DC 20549 For the transition period from to Commission File Number: 001-39135 FORM 10-Q (Mark One) | Title of each class | Trading Symbol(s) | Name o ...