SITIME Corp
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 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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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $33,022 | $38,343 |
| Cost of revenue | 15,361 | 15,302 |
| Gross profit | 17,661 | 23,041 |
| Operating expenses: | ||
| Research and development | 25,544 | 24,457 |
| Selling, general and administrative | 23,913 | 20,733 |
| Acquisition related costs | 3,242 | — |
| Total operating expenses | 52,699 | 45,190 |
| Loss from operations | (35,038) | (22,149) |
| Interest income | 6,560 | 5,629 |
| Other income (expense), net | (213) | 100 |
| Loss before income taxes | (28,691) | (16,420) |
| Income tax expense | (13) | (70) |
| Net loss | $(28,704) | $(16,490) |
| Net loss attributable to common stockholders and comprehensive loss | $(28,704) | $(16,490) |
| Net loss per share attributable to common stockholders, basic | $(1.26) | $(0.76) |
| Net loss per share attributable to common stockholders, diluted | $(1.26) | $(0.76) |
| Weighted-average shares used to compute basic net loss per share | 22,765 | 21,794 |
| Weighted-average shares used to compute diluted net loss per share | 22,765 | 21,794 |
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