SiTime Corporation (NASDAQ:SITM) Q4 2021 Earnings Conference Call February 2, 2022 5:00 PM ET Company Participants Rajesh Vashist – Chief Executive Officer Art Chadwick – Chief Financial Officer Brett Perry – Shelton Group Investor Relations Conference Call Participants Thomas O’Malley – Barclays John Pitzer – Credit Suisse Sabrina Baxamusa – William Blair Quinn Bolton – Needham Tore Svanberg – Stifel Suji Desilva – ROTH Capital Melissa Fairbanks – Raymond James Operator Good afternoon, and welcome to SiTim ...

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, 2021 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) (State or other jurisdiction of incorporation ...

SiTime Corporation (NASDAQ:SITM) Q3 2021 Earnings Conference Call November 3, 2021 5:00 PM ET Company Representatives Rajesh Vashist - Chief Executive Officer Art Chadwick - Chief Financial Officer Brett Perry - Shelton Group Investor Relations Conference Call Participants Tore Svanberg - Stifel Alessandra Vecchi - William Blair John Pitzer - Credit Suisse Quinn Bolton - Needham Suji Desilva - ROTH Capital Operator Good afternoon, and welcome to SiTime’s Third Quarter 2021 Financial Results Conference Call. ...

SiTime Corporation (NASDAQ:SITM) Q2 2021 Results Conference Call August 4, 2021 5:00 PM ET Company Participants Leanne Sievers - Shelton Group, IR Rajesh Vashist - CEO Art Chadwick - CFO Conference Call Participants Quinn Bolton - Needham & Company Suji Desilva - ROTH Capital Alessandra Vecchi - William Blair John Pitzer - Credit Suisse Tore Svanberg - Stifel Operator Good afternoon, and welcome to SiTime’s Second Quarter 2021 Financial Results Conference Call. At this time, all participants are in a listen ...

Revenue Growth - Revenue for the three months ended June 30, 2021, increased by $23.0 million, or 107%, compared to the same period in the prior year, driven by a 66% higher volume of shipments and a 25% increase in average selling prices (ASPs) of products [85]. - For the six months ended June 30, 2021, revenue increased by $36.8 million, or 85%, primarily due to a 53% higher volume of shipments and a 21% increase in ASPs [86]. Gross Profit and Margin - Gross profit for the three months ended June 30, 2021, increased by $16.8 million, with a gross margin of 60%, compared to 46% in the same period of the prior year [90]. - Gross profit increased by $25.7 million for the six months ended June 30, 2021, compared to the same period in the prior year, driven by higher sales volume and an increase in ASPs [91]. - Gross margin improved by 11% for the six months ended June 30, 2021, attributed to higher sales volume and ASPs, along with a 3% reduction in other manufacturing costs as a percentage of revenue [93]. Customer Concentration - The largest end customer accounted for 15% of revenue for the three months ended June 30, 2021, while the top three distributors accounted for approximately 46% of revenue [88]. Business Strategy - The company plans to focus on oscillators, clock ICs, and timing synchronization solutions, aiming to aggressively expand its presence in these markets [72]. - The company aims to become the leading timing solution provider for advanced applications, leveraging advanced packaging designs for competitive advantage [72]. Operational Model - The company operates a fabless business model, allowing it to focus on design, sales, and marketing while reducing capital expenditures [77]. Impact of COVID-19 - The ongoing COVID-19 pandemic continues to create uncertainty, potentially impacting manufacturing, shipment, and overall demand for products [81]. - The company has experienced minimal impact from supplier disruptions related to COVID-19 to date, but future impacts remain uncertain [81]. Revenue Fluctuations - The company expects revenue fluctuations based on shipment volumes and ASP changes, with no guarantee of sustaining current ASP increases [87]. Research and Development Expenses - Research and development expenses rose by $8.8 million, or 61%, for the six months ended June 30, 2021, primarily due to increased personnel costs and stock-based compensation [98]. Selling, General and Administrative Expenses - Selling, general and administrative expenses increased by $8.1 million, or 52%, for the six months ended June 30, 2021, mainly due to higher stock-based compensation and personnel costs [101]. Cash Flow and Financial Position - Net cash provided by operating activities was $10.4 million for the six months ended June 30, 2021, compared to $5.7 million in the same period of the prior year [109]. - Net cash used in investing activities was $12.0 million for the six months ended June 30, 2021, primarily for purchasing manufacturing equipment [113]. - Net cash provided by financing activities was $181.6 million for the six months ended June 30, 2021, resulting from proceeds from share issuance [115]. - As of June 30, 2021, cash and cash equivalents totaled $253.5 million, significantly up from $73.5 million at the end of 2020 [106]. - The company expects continued investment in research and development to support future growth and customer acquisition [96]. - The company canceled its $50.0 million credit facility, indicating confidence in its cash position to meet operational needs for at least the next 12 months [108]. - The company paid down all of its debt in 2020, indicating a strong balance sheet [120]. Interest Rate Exposure - The company does not engage in trading or speculative investments and has not used derivative financial instruments for interest rate risk management [121]. - The company's exposure to interest rates is primarily related to its short-term revolving line of credit, which is subject to renewal [121]. - A hypothetical 10% change in interest rates would not have a material impact on the company's historical consolidated financial statements [121].

SiTime Corporation (NASDAQ:SITM) Q1 2021 Earnings Conference Call May 4, 2021 5:00 PM ET Company Participants Leanne Sievers - Investor Relations Rajesh Vashist - Chief Executive Officer Art Chadwick - Chief Financial Officer Conference Call Participants Michelle Waller - Needham & Company Jake Roberge - William Blair Chris Caso - Raymond James Blayne Curtis - Barclays Tore Svanberg - Stifel Financial Corp. John Pitzer - Credit Suisse Suji Desilva - ROTH Capital Operator Good afternoon and welcome to SiTime ...

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 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 of incorporation or organization) 5451 Patrick Henry Drive Santa Clara, CA 95054 (Address of principal executive offices) (Zip Code) (I.R.S. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 of i ...

SiTime Corp. (NASDAQ:SITM) Q4 2020 Earnings Conference Call February 3, 2021 5:00 PM ET Company Participants Leanne Sievers – Investor Relations-Shelton Group Rajesh Vashist – Chief Executive Officer Art Chadwick – Chief Financial Officer Conference Call Participants Tore Svanberg – Stifel Suji Desilva – ROTH Capital Operator Good afternoon, and welcome to SiTime’s Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded today, Wedn ...

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, 2020 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 ...