SiTime Corp (OQ:SITM)
Business Focus: Semiconductors
| Sector: Technology | Industry: Semiconductors |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5451 Patrick Henry Dr SANTA CLARA CA 95054-1167 |
| Tel: | N/A |
| Website: | https://www.sitime.com |
| IR: | See website |
| Key People | ||
| Rajesh Vashist Chairman of the Board, President, Chief Executive Officer | Elizabeth Howe Chief Financial Officer, Executive Vice President | Lionel Bonnot Executive Vice President - Worldwide Sales and Business Development |
| Piyush B. Sevalia Executive Vice President - Marketing | Fariborz Assaderaghi Executive Vice President - Technology & Engineering | Vincent P. Pangrazio Executive Vice President, Chief Legal Officer, Corporate Secretary |
| Business Overview |
| SiTime Corporation is a provider of precision timing solutions to the global electronics industry. The Company's products are designed for approximately 300 applications across its target markets, including communications and enterprise, automotive, industrial, aerospace, mobile, Internet of Things (IoT), and consumer. The Company's solutions include oscillators, clock integrated circuits, and resonators. Its all-silicon solutions are based on three areas of expertise, which include micro-electro-mechanical systems (MEMS), analog mixed-signal design capabilities, and advanced system-level integration expertise. For the communications and enterprise market, its precision timing solutions provide performance and resilience in dense, less-controlled environments that experience extreme conditions. For the automotive market, its solutions can be utilized in automotive electronics, including advanced driver assistance systems (ADAS) for self-driving cars. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SiTime Corp revenues decreased 49% to $144M. Net loss totaled $80.5M vs. income of $23.3M. Revenues reflect Taiwan segment decrease of 57% to $44M, Other segment decrease of 65% to $31.6M. Net loss reflects Stock-based Compensation in SGA increase of 36% to $41M (expense), Stock-based Compensation in R&D increase of 30% to $32.9M (expense). |
| Employees: | 382 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,173M as of Dec 31, 2023 |
| Annual revenue (TTM): | $143.99M as of Dec 31, 2023 |
| EBITDA (TTM): | -$83.15M as of Dec 31, 2023 |
| Net annual income (TTM): | -$80.54M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.19M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 22,871,540 as of Apr 4, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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