Revenue and Profitability - Revenue for the three months ended March 31, 2025, increased by $27.3 million, or 83%, compared to the same period in the prior year, primarily due to increased sales volume and higher average selling prices [86]. - Gross profit for the same period increased by $12.7 million, with a gross margin of 50%, down from 53% in the prior year [89]. - Gross profit increased by $19.0 million mainly from higher revenue, offset by increased amortization and manufacturing costs [89]. - Gross margin decreased by 3% for the three months ended March 31, 2025, compared to the same period in the prior year, primarily due to a change in product mix and higher amortization from acquired intangibles [90]. Market and Product Development - The total timing market is estimated to be approximately $10 billion, with the company focusing on transforming this market with innovative solutions [79]. - The company expects to address market demands with new or enhanced solutions, focusing on oscillators, clock ICs, and timing synchronization solutions [69]. - The company’s Precision Timing solutions are designed to be resilient to harsh environmental conditions, making them suitable for applications in AI infrastructure, automotive electronics, and industrial markets [77]. Customer Concentration - Sales from the largest end customer accounted for 18% of revenue for the three months ended March 31, 2025, while the top three customers accounted for approximately 64% of revenue [87]. Business Model and Operations - The company operates a fabless business model, allowing for production flexibility and lower capital expenditure compared to traditional semiconductor companies [82]. - Total operating expenses increased by $5.7 million, or 11%, for the three months ended March 31, 2025, with research and development expenses rising by $4.5 million (18%) and selling, general and administrative expenses increasing by $2.9 million (12%) compared to the prior year [92][94][96]. Cash Flow and Investments - Cash and cash equivalents increased to $38.8 million as of March 31, 2025, from $6.1 million as of December 31, 2024, while short-term investments decreased to $360.1 million from $412.7 million [105]. - Net cash provided by operating activities was $15.0 million for the three months ended March 31, 2025, primarily due to non-cash expenses of $36.7 million [111]. - Net cash provided by investing activities was $36.2 million, with significant payments for short-term investments and capital expenditures [113]. - Financing activities included tax withholdings of $13.5 million and earnouts of $5.0 million related to the Aura transaction [114]. - The company believes existing cash and short-term investments will be sufficient to meet cash needs for at least the next 12 months [109]. Strategic Initiatives - The company acquired clocking products from Aura Semiconductor in December 2023, significantly expanding its presence in the clocking market and enhancing its product portfolio [80]. - The company plans to expand its sales and marketing efforts through increased collaboration with distributors and direct online sales [79]. - The company expects continued investment in research and development to support future growth, with expenses anticipated to increase in absolute dollars [93]. Interest and Other Income - Interest income decreased by $2.3 million, or 35%, for the three months ended March 31, 2025, due to lower investment balances and interest rates [100]. - Other income (expense), net, increased by $0.2 million for the three months ended March 31, 2025, primarily due to lower net unrealized losses on foreign exchange rates [102].

Financial Performance - Q1 2025 net revenue increased by 83% year-over-year to $60.3 million, compared to $33.0 million in Q1 2024[2] - GAAP gross profit for Q1 2025 was $30.3 million, representing a gross margin of 50.3%[3] - Non-GAAP gross profit for Q1 2025 was $34.6 million, with a non-GAAP gross margin of 57.4%[4] - GAAP net loss for Q1 2025 was $23.9 million, or $1.01 per diluted share[3] - Non-GAAP net income for Q1 2025 was $6.3 million, or $0.26 per diluted share[4] Cash and Investments - Total cash, cash equivalents, and short-term investments amounted to $398.9 million as of March 31, 2025[4] - Cash and cash equivalents increased significantly to $38,841,000 from $6,106,000, marking a growth of approximately 536.5%[18] - Short-term investments in held-to-maturity securities decreased to $360,079,000 from $412,728,000, a decline of about 12.7%[18] Assets and Liabilities - Total assets decreased to $872,105,000 as of March 31, 2025, from $884,959,000 on December 31, 2024, representing a decline of approximately 1.0%[18] - Total current liabilities decreased slightly to $106,655,000 from $108,449,000, a reduction of about 1.6%[18] - Total liabilities decreased to $179,591,000 from $185,240,000, a reduction of about 3.5%[18] - Stockholders' equity decreased to $692,514,000 from $699,719,000, reflecting a decline of approximately 1.0%[18] - The accumulated deficit increased to $(205,878,000) from $(182,001,000), indicating a worsening of approximately 13.0%[18] Operational Highlights - The company anticipates continued strong growth in Q2 2025, driven by customer enthusiasm for new products[3] - SiTime granted 47,238 restricted stock units (RSUs) to 15 newly hired non-executive individuals as part of its inducement plan[8] - The company incurred a payment of $5.0 million related to the Aura transaction in Q1 2025[4] - SiTime's semiconductor MEMS programmable solutions are aimed at enhancing performance, size, power efficiency, and reliability in the timing industry[10] Inventory and Receivables - Accounts receivable decreased to $28,114,000 from $38,209,000, a decline of about 26.4%[18] - Inventories increased to $82,632,000 from $76,741,000, representing an increase of approximately 7.6%[18] Property and Equipment - Property and equipment, net increased to $98,231,000 from $82,475,000, reflecting a growth of approximately 19.0%[18]

Q1 Net Revenue Increased 83% to $60.3 MillionSANTA CLARA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2025. Net revenue in the first quarter of 2025 was $60.3 million, as compared to $33.0 million in the year ago quarter. “Our Q1 revenue growth of 83% year-over-year highlights the strength of our business across our end markets,” said Rajesh Vashist, CEO and chairman of SiTi ...

Group 1 - SiTime Corporation will announce its first quarter 2025 financial results on May 7, 2025, after market close [1] - The conference call to discuss the results will be led by CEO Rajesh Vashist and CFO Beth Howe at 2:00 p.m. Pacific Time [1] - Analysts and investors can join the conference call through a live webcast or by registering for a dial-in number [1] Group 2 - SiTime Corporation specializes in Precision Timing, offering semiconductor MEMS programmable solutions that enhance product performance, size, power efficiency, and reliability [2] - The company has shipped over 3 billion devices, indicating a significant impact on the timing industry [2]

Group 1 - The stock of SiTime Corporation (SITM) is experiencing significant attention due to high implied volatility in the options market, particularly for the May 16, 2025 $130.00 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - SiTime currently holds a Zacks Rank 3 (Hold) in the Electronics - Miscellaneous Products industry, which is in the bottom 39% of the Zacks Industry Rank, with mixed analyst estimates affecting the consensus for the current quarter [3] Group 2 - The high implied volatility surrounding SiTime may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Core Insights - SiTime Corporation, a leader in Precision Timing solutions, will present at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025 [1] - The presentation will include a fireside chat hosted by SiTime's CEO and CFO at 4:50 p.m. PST [1] - A live and archived webcast of the fireside chat will be accessible on SiTime's Investor Relations website [2] Company Overview - SiTime Corporation specializes in semiconductor MEMS programmable solutions that enhance product performance, reduce size, lower power consumption, and improve reliability [3] - The company has shipped over 3 billion devices, significantly impacting the timing industry [3]

Company Overview - SiTime Corporation is recognized as the Precision Timing company, specializing in semiconductor MEMS programmable solutions that enhance product performance, reduce size, lower power consumption, and improve reliability [3]. Upcoming Event - SiTime's CEO, Rajesh Vashist, and CFO, Beth Howe, will present at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025, at 4:50 p.m. PST [1]. - A live and archived webcast of the fireside chat will be accessible in the Events section of SiTime's Investor Relations website [2]. Industry Impact - SiTime has shipped over 3 billion devices, indicating a significant influence on the timing industry [3].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-K _______________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o 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 001-391 ...

SiTime Corporation (NASDAQ:SITM) Q4 2024 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Brett Perry – Investor Relations Rajesh Vashist – Chief Executive Officer Beth Howe – Chief Financial Officer Conference Call Participants Tore Svanberg – Stifel Quinn Bolton – Needham & Company Suji Desilva – ROTH Capital Chris Caso – Wolfe Research Tore Svanberg – Stifel Operator Good afternoon, and welcome to SiTime's Fourth Quarter 2024 Financial Results Conference Call. At this time all pa ...

SiTime reports a strong financial performance for the fourth quarter of 2024, surpassing analyst expectations in revenue and earnings.SiTime (SITM 3.91%), a leader in MEMS-based precision timing solutions, released its fourth-quarter results on February 5, 2025.The company reported a significant increase in both revenue and earnings per share, surpassing analyst expectations for the quarter. Revenue reached $68.1 million, a substantial rise from the $64 million estimated, reflecting a 61% increase compared ...