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AI brief of an SEC Form 8-K · SiTime (SITM)

SiTime Q3 revenue rises 32% to $57.7 million; GAAP net loss narrows to $19.3 million

Positive Impact 3 of 5 earnings Written later

SiTime reported third-quarter 2024 revenue of $57.7 million, up 32% from the prior quarter and 62% from a year earlier. The GAAP net loss narrowed to $19.3 million, or $0.83 per diluted share, from $26.8 million, or $1.16 per share, in the second quarter, and non-GAAP net income was $9.6 million, or $0.40 per diluted share. For shareholders, the filing shows sharply higher sales and a smaller loss, though the company still reported a GAAP loss for the quarter.

Key points

  • Q3 2024 net revenue was $57.7 million, up 32% from $43.9 million in Q2 2024 and up 62% from a year earlier.
  • GAAP net loss was $19.3 million, or $0.83 per diluted share, versus a net loss of $26.8 million, or $1.16 per share, in Q2 2024.
  • Non-GAAP income from operations was $4.0 million, compared with a non-GAAP loss from operations of $2.8 million in Q2 2024.
  • Cash, cash equivalents and short-term investments were $434.8 million on September 30, 2024.

The filing

CompanySiTime (SITM)
Form8-K, current report
Filed with the SECNov 6, 2024, 4:08 PM ET
Accession number0001451809-24-000277

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.