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Sitime Corporation (NASDAQ: SITM) |
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Price: $131.7700
$-6.47 
-4.680%
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| Day's High:
| $134.945
| Week Perf:
| 1.32 %
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| Day's Low: |
$ 131.61 |
30 Day Perf: |
-25.88 % |
| Volume (M): |
18 |
52 Wk High: |
$ 268.18 |
| Volume (M$): |
$ 2,383 |
52 Wk Avg: |
$163.29 |
| Open: |
$131.82 |
52 Wk Low: |
$72.39 |
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| Market Capitalization (Millions $) |
3,045 |
| Shares
Outstanding (Millions) |
23 |
| Employees |
382 |
| Revenues (TTM) (Millions $) |
202 |
| Net Income (TTM) (Millions $) |
-94 |
| Cash Flow (TTM) (Millions $) |
-3 |
| Capital Exp. (TTM) (Millions $) |
37 |
Sitime Corporation
We are a leading provider of silicon timing solutions. Our timing solutions are the heartbeat of our customers' electronic systems. They solve complex timing problems and enable industry-leading products. We provide solutions that are differentiated by high performance and reliability, programmability, small size, and low power consumption. Our products have been designed into over 250 applications across our target markets, including communications and enterprise, automotive, industrial, aerospace, mobile, Internet of Thing ('IoT'), and consumer. Our current solutions include various types of oscillators, as well as resonators and clock integrated circuits ('ICs'). Our all-silicon solutions are based on three fundamental areas of expertise: micro-electro-mechanical systems ('MEMS'), analog mixed-signal design capabilities, and advanced system-level integration expertise.
We commenced commercial shipments of our first oscillator products in 2006. Substantially all of our revenue to date has been derived from sales of oscillator systems across our target end markets. We recently introduced products into the clock IC market, which we began sampling in 2019, and intend to focus on clock IC and timing sync solutions in the future. We seek to aggressively expand our presence in these two markets.
We sell our products primarily through distributors and resellers, who in turn sell to our end customers. Based on sell-through information provided by these distributors, we believe the majority of our end customers are based in the U.S.
We operate a fabless business model, allowing us to focus on the design, sales, and marketing of our products, quickly scale production, and significantly reduce our capital expenditures. We leverage our global network of distributors and resellers to address the broad set of end markets we serve. For our largest accounts, dedicated sales personnel work with the end customer to ensure that our solutions fully address the end customer's timing needs. Our smaller customers work directly with our distributors to select the optimum timing solution for their needs.
Company Address: 5451 Patrick Henry Drive Santa Clara 95054 CA
Company Phone Number: 328-4400 Stock Exchange / Ticker: NASDAQ SITM
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Customers Net Income fell by |
SITM's Customers Net Profit Margin grew to |
-3.4 % |
15.06 %
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| Stock Performances by Major Competitors |
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| Sitime Corporation
As a Wall Street journalist, it is important to analyze Sitime Corporation's recent financial performance in conjunction with their latest product launch to provide a comprehensive view of the company's current standing.
For the fiscal first quarter of 2024, Sitime Corporation reported an increased deficit per share of $-1.26, compared to $-0.76 a year prior. This growth in deficit can be concerning for investors, especially when considering that revenue receded by -14.143% to $32.66 million from $38.04 million in the comparable financial reporting period a year prior. Additionally, the company realized a net deficit of $-28.704 million, higher than $-16.490 million a year ago. These figures indicate that Sitime Corporation may be facing financial challenges that need to be addressed in order to stabilize their bottom line.
Despite the concerning financial results, Sitime Corporation recently unveiled its new Endura Epoch Platform, designed to enhance the reliability and resilience of positioning, navigation, and timing (PNT) services crucial for defense operations. This new platform features a ruggedized MEMS oven-controlled oscillator (OCXO) that can strengthen PNT systems and other equipment essential for defense operations against disruptions like spoofing and jamming.
The introduction of the Endura Epoch Platform is a significant development for Sitime Corporation, as it demonstrates the company's commitment to providing innovative solutions to address critical challenges in the defense sector. By offering a dependable and robust OCXO, Sitime is positioning itself as a key player in the defense technology market.
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| Sitime Corporation
SiTime Corporation, a leading precision timing company, recently released its financial results for the fourth quarter of 2023. While it may seem like a challenging time for the company, it's important to look at the bigger picture and see the potential for growth and improvement.
It is evident that weak business performance has caused a rise in losses for the financial fourth quarter, with the company experiencing a shortfall per share that grew to $-0.89 from $-0.06. Additionally, revenue went down by -29.828% to $42.69 million from $60.84 million compared to the previous year. However, it's crucial to note that the rest of the Semiconductors sector saw a revenue rise in the same period, indicating a promising trend in the industry.
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| Merger and Acquisition
Published Fri, Dec 1 2023 9:05 PM UTC
SiTime Expands Precision Timing Product Line with Acquisition of Aura Semiconductor s Clock Products
Santa Clara, California - In an exciting development, SiTime Corporation (NASDAQ: SITM), the pioneering precision timing company, has recently announced the successful completion of its acquisition of clock products from Aura Semiconductor, marking a significant milestone...
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| Sitime Corporation
Sitime Corporation, a prominent player in the , has recently reported its financial results for the most recent fiscal period. Unfortunately, the company's performance has been lackluster, showcasing a significant decline in revenue along with an extension of net deficit per share. Additionally, Sitime Corporation also experienced a considerable increase in inventories, which raises concerns about its overall financial health. This article will analyze the facts and provide an interpretation of the company's financial situation.
1. Declining Revenue and Extended Net Deficit:
In the most recent fiscal period, Sitime Corporation witnessed a substantial decrease in revenue by -52.231% to $34.92 million compared to the same reporting period one year prior. This decline is concerning as it signifies a marked decrease in the company's sales. Simultaneously, the net deficit per share has expanded to $-0.81, showcasing a worsened financial position compared to the previous year when it stood at $-1.17 per share.
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| Sitime Corporation
Sitime Corporation, a leading provider of innovative timing solutions, recently announced a disappointing second quarter financial report for 2023. The company witnessed a significant decline in revenue, with a decrease of 65.451% to $27.44 million compared to the same reporting period in the previous year. This drastic decline in revenue is a cause for concern for the company and its investors.
Additionally, Sitime Corporation experienced a net loss per share of $-1.17, which is a significant increase from the net loss of $-0.76 per share reported in the previous quarter. Furthermore, the sequential revenue decline of 28.441% from $38.34 million is indicative of the challenges faced by the company in the current market.
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| Per Share |
Current |
| Earnings (TTM) |
-4.02 $ |
| Revenues (TTM) |
8.76 $
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| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
30.28 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-4.02 $
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| Revenues (TTM) |
8.76 $ |
| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
30.28 $ |
| Dividend (TTM) |
0 $ |
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0.57%