SITIME Corp
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
SITM$444.45-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $143,993 | $283,605 | $218,808 |
| Cost of revenue | 61,905 | 100,643 | 79,346 |
| Gross profit | 82,088 | 182,962 | 139,462 |
| Operating expenses: | |||
| Research and development | 97,589 | 90,288 | 52,104 |
| Selling, general and administrative | 83,971 | 76,532 | 54,515 |
| Acquisition related costs | 7,728 | — | — |
| Total operating expenses | 189,288 | 166,820 | 106,619 |
| Income (loss) from operations | (107,200) | 16,142 | 32,843 |
| Interest income | 26,958 | 7,291 | — |
| Other expense, net | (141) | (97) | (488) |
| Income (loss) before income taxes | (80,383) | 23,336 | 32,355 |
| Income tax expense | (152) | (82) | (78) |
| Net income (loss) | $(80,535) | $23,254 | $32,277 |
| Net income (loss) attributable to common stockholders and comprehensive income (loss) | $(80,535) | $23,254 | $32,277 |
| Net income (loss) per share attributable to common stockholders, basic | $(3.63) | $1.09 | $1.70 |
| Net income (loss) per share attributable to common stockholders, diluted | $(3.63) | $1.03 | $1.53 |
| Weighted-average shares used to compute basic net income (loss) per share | 22,188 | 21,245 | 19,006 |
| Weighted-average shares used to compute diluted net income (loss) per share | 22,188 | 22,664 | 21,144 |
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