CSIMarket
 
Sitime Corporation  (SITM)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $94.0000 $1.50 1.622%
Day's High: $95.12 Week Perf: -2.04 %
Day's Low: $ 91.80 30 Day Perf: -11.8 %
Volume (M): 293 52 Wk High: $ 142.88
Volume (M$): $ 27,580 52 Wk Avg: $116.02
Open: $93.97 52 Wk Low: $81.09



 Market Capitalization (Millions $) 2,085
 Shares Outstanding (Millions) 22
 Employees 279
 Revenues (TTM) (Millions $) 143
 Net Income (TTM) (Millions $) -81
 Cash Flow (TTM) (Millions $) -25
 Capital Exp. (TTM) (Millions $) 12

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
   


Customers Net Income grew by SITM's Customers Net Profit Margin grew to

9.72 %

19.35 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADI        3.78% 
CRUS        1.37% 
MCHP        4.95% 
MXL        9.97% 
NXPI        5.63% 
TXN        4.11% 
• View Complete Report
   



Sitime Corporation

Sitime Corporation Faces Challenges with Double Digit Revenue Decline in Q4 2023

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.

Product Service News

SiTime, a precision timing company, has unveiled its new Endura Epoch Platform, designed to enhance the reliability and resilience of positioning, navigation, and timing (PNT) services crucial for defense operations The platform features a ruggedized MEMS oven-controlled oscillator (OCXO), which can strengthen PNT systems and other equipment including radars, radios, satcom terminals, and avionics against disruptions like spoofing and jamming

Published Thu, Dec 7 2023 2:05 PM UTC

SiTime, a precision timing company, has unveiled its new Endura Epoch Platform, designed to enhance the reliability and resilience of positioning, navigation, and timing (PNT) services crucial for defense operations. The platform features a ruggedized MEMS oven-controlled oscillator (OCXO), which can strengthen PNT systems and other equipment including radars, radios, satcom...

Merger and Acquisition

SiTime Completes Acquisition of Clock Products from Aura Semiconductor, Expands Precision Timing Product Line

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...

Sitime Corporation

Sitime Corporation Faces Crucial Financial Challenge in Latest Fiscal Period



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.

Sitime Corporation

Semiconductor Giant Sitime Corporation's Financial Woes Deepen with $1.17 Loss Per Share in Q2 2023 as Revenue Plummets

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.






 

Sitime's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Sitime does not provide revenue guidance.

Earnings Outlook
Sitime Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com