INVESTOR PRESENTATION Sidoti March 2026 Small-Cap Conference March 18, 2026 Information included or incorporated by reference in this presentation may contain forward-looking statements. This information may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different than the future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involv ...

Core Insights - SiTime reported exceptional growth in Q4 2025, with revenue reaching $113.3 million, a 66% increase year-over-year, marking the first time the company surpassed $100 million in quarterly revenue [3][7] - The company achieved a gross margin of 61.2%, up 240 basis points year-over-year, aligning with its goal to maintain gross margins above 60% by 2025 [2][4] - SiTime's full-year 2025 revenue was $326.7 million, a 61% increase from the previous year, with non-GAAP EPS of $3.20, more than triple the $0.93 reported in 2024 [8] Financial Performance - Operating expenses for Q4 were $35.5 million, including $19 million in R&D and $16.5 million in SG&A, reflecting higher headcount and variable compensation [1] - Non-GAAP operating income for Q4 was $34 million, with non-GAAP net income of $41.3 million, or $1.53 per share [7] - Full-year operating cash flow improved to $87.2 million from $23.2 million in 2024, driven by higher revenue and disciplined expense management [9] Business Segments - The Communications, Enterprise, and Data Center (CED) segment led growth, accounting for 53% of revenue and rising 160% year-over-year [6][10] - CED revenue growth was attributed to increased demand driven by AI, optical modules, and XPU deployments [12][13] - Other segments included Automotive, Industrial, and Aerospace at $24.5 million (22% of revenue, up 19% YoY) and Consumer, IoT, and Mobile at $24.2 million (21% of revenue, up 7% YoY) [10] Acquisition Plans - SiTime plans to acquire Renesas' timing business for $1.5 billion in cash plus approximately 4.13 million shares, expected to add around $300 million in revenue with 70% gross margins within 12 months [5][18] - The acquisition is anticipated to be accretive to non-GAAP EPS in the first full year post-close and supports SiTime's long-term revenue growth model of 25%-30% [18][20] - The deal is expected to close by the end of 2026, funded by cash on hand and approximately $900 million of committed debt [19][20] Future Guidance - For Q1 2026, SiTime guided revenue of $101–$104 million, reflecting approximately 70% year-over-year growth at the midpoint, with a gross margin of around 62% [15][16] - Operating expenses for Q1 are expected to be between $39 million and $40 million, with non-GAAP EPS projected at $1.10 to $1.17 [16]

SiTime to Acquire Renesas' Timing Business Accelerates Path to $1 Billion of Revenue as a Premier Pure-Play Precision Timing Company Forward Looking Statements This presentation and our discussion today regarding SiTime Corporation (the "Company") may include forward-looking statements. All statements other than statements of historical facts are forward-looking statements, including statements regarding the benefits of the transaction, the anticipated timing of the closing of the transaction, statements re ...

Summary of M-tron Industries Conference Call Company Overview - **Company Name**: M-tron Industries (NYSEAM:MPTI) - **Industry**: Aerospace and Defense - **Founded**: 1960s, restructured in mid-2000s - **Stock Performance**: Over 200% appreciation since spinout from LGL in fall 2022 [6][7][9] Core Business and Products - **Focus**: Aerospace and defense, with a significant shift from telecom to defense markets [5][6] - **Product Range**: Primarily filters and oscillators, with expansion into resonators and subsystems [8][11] - **Revenue Breakdown**: Nearly 70% from aerospace and defense, with avionics and industrial markets contributing smaller portions [12] Financial Performance - **Shares Outstanding**: Approximately 3 million, with no debt and strong free cash flow generation [7] - **Revenue Growth**: Expected around 10% for the year, with 30% of revenues from new products developed in the last three to four years [24][25] - **Backlog**: Significant increase, including a recent $20 million order from the largest customer, ensuring two years of guaranteed revenue [25][29][30] Market Dynamics - **Defense Spending**: Anticipated increases in military spending, particularly in missile production and modernization efforts [33] - **European Market**: Growing interest in defense spending among European countries, with M-tron actively engaging with European manufacturers [34] Growth Strategies - **M&A Activity**: Actively pursuing acquisitions to complement existing business, with a focus on companies producing EBITDA in the 8-12 times range [26][36] - **R&D Investment**: Continued investment in research and development to drive innovation and meet customer needs [23] Management and Team - **Leadership**: Experienced management team with a strong background in manufacturing and finance [10] - **Employee Alignment**: High level of employee ownership, fostering alignment with management and shareholders [7] Risks and Forward-Looking Statements - **Forward-Looking Statements**: Acknowledgment of risks and uncertainties that may affect future performance, including market conditions and operational challenges [3][4] Conclusion - **Outlook**: M-tron Industries is well-positioned for growth in the aerospace and defense sectors, with strong financial fundamentals, a robust product portfolio, and strategic plans for expansion through both organic growth and acquisitions [15][16][17]

Company Overview - SiTime Corporation specializes in silicon timing systems, including resonators, clock integrated circuits, and oscillators, catering to various markets such as communications, automotive, industrial, IoT, mobile, consumer, and aerospace/defense [5][9] - As of October 30, 2025, SiTime's stock price was $277.14, with a market capitalization of $7.57 billion and a trailing twelve months (TTM) revenue of $255.62 million, although it reported a net income of -$82.18 million [4] Investment Activity - SCALAR GAUGE MANAGEMENT, LLC disclosed a new position in SiTime Corporation, acquiring 27,000 shares during the third quarter of 2025, amounting to an estimated investment of $8.14 million, which represents 4.14% of the fund's reportable U.S. equity assets totaling $196.51 million [2][3] Market Performance - SiTime's shares have increased by 52.12% over the year ending October 30, 2025, outperforming the S&P 500 by 31.39 percentage points during the same period [3] - The company's products are increasingly recognized as essential for modern devices, positioning SiTime as a significant player in the semiconductor industry [8][10] Industry Position - SiTime's shift from quartz to silicon technology allows for superior frequency stability and reliability, providing device manufacturers with the flexibility to customize performance for next-generation electronics [9] - As technology becomes more connected and data-driven, the demand for precise timing components is expected to grow, creating long-term investment opportunities in SiTime [10]