Every material Form 8-K SiTime filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
SiTime reported second-quarter 2024 net revenue of $43.9 million, up 33% from the prior quarter and 58% from a year earlier, and said results exceeded its outlook. GAAP net loss was $26.8 million, or $1.16 per diluted share, compared with $28.7 million in the first quarter, and non-GAAP net income was $2.8 million, or $0.12 per diluted share.
Q2 2024 net revenue of $43.9 million, up 33% from $33.0 million in Q1 2024 and up 58% year over year
GAAP net loss of $26.8 million, or $1.16 per diluted share, versus a $28.7 million loss in Q1 2024
Non-GAAP net income of $2.8 million, or $0.12 per diluted share, versus a non-GAAP net loss of $1.9 million in Q1 2024
Cash, cash equivalents and short-term investments were $452.5 million on June 30, 2024, after a $68.6 million payment related to the Aura transaction
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SiTime filing is on SEC EDGAR ↗. 8-K briefs of other companies →