$SITM
SITIME Corp

2023 Q2 Form 10-Q Financial Statement

#000095017023017841 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $27.73M $38.34M
YoY Change -65.09% -45.42%
Cost Of Revenue $12.29M $15.30M
YoY Change -54.05% -38.84%
Gross Profit $15.44M $23.04M
YoY Change -70.69% -49.06%
Gross Profit Margin 55.68% 60.09%
Selling, General & Admin $21.28M $20.73M
YoY Change 15.78% 11.6%
% of Gross Profit 137.82% 89.98%
Research & Development $26.57M $24.46M
YoY Change 20.67% 18.75%
% of Gross Profit 172.09% 106.15%
Depreciation & Amortization $3.300M $3.824M
YoY Change 37.5% 50.31%
% of Gross Profit 21.38% 16.6%
Operating Expenses $47.84M $45.19M
YoY Change 18.44% 15.36%
Operating Profit -$32.41M -$22.15M
YoY Change -363.86% -465.5%
Interest Expense $6.667M $5.629M
YoY Change 730.26%
% of Operating Profit
Other Income/Expense, Net -$161.0K $100.0K
YoY Change -6.94% -32.43%
Pretax Income -$25.90M -$16.42M
YoY Change -300.6% -364.5%
Income Tax $23.00K $70.00K
% Of Pretax Income
Net Earnings -$25.92M -$16.49M
YoY Change -301.59% -368.57%
Net Earnings / Revenue -93.49% -43.01%
Basic Earnings Per Share -$1.17 -$0.76
Diluted Earnings Per Share -$1.17 -$0.76
COMMON SHARES
Basic Shares Outstanding 21.95M 21.70M
Diluted Shares Outstanding 22.07M 21.79M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $574.7M $576.1M
YoY Change -0.97% 0.81%
Cash & Equivalents $30.38M $38.27M
Short-Term Investments $544.3M $537.8M
Other Short-Term Assets $8.282M $5.761M
YoY Change 139.5% 217.94%
Inventory $64.25M $60.01M
Prepaid Expenses $3.351M $3.225M
Receivables $15.77M $21.46M
Other Receivables $0.00 $0.00
Total Short-Term Assets $663.0M $666.5M
YoY Change 0.33% 4.52%
LONG-TERM ASSETS
Property, Plant & Equipment $65.84M $57.49M
YoY Change 26.82% 30.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.48M $7.370M
YoY Change 91.36% 3280.73%
Total Long-Term Assets $82.53M $79.88M
YoY Change 12.77% 32.48%
TOTAL ASSETS
Total Short-Term Assets $663.0M $666.5M
Total Long-Term Assets $82.53M $79.88M
Total Assets $745.5M $746.4M
YoY Change 1.57% 6.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.762M $8.186M
YoY Change -54.85% -34.55%
Accrued Expenses $20.70M $17.02M
YoY Change -5.9% -21.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.46M $25.21M
YoY Change -30.16% -26.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.775M $91.00K
YoY Change 536.15% -92.16%
Total Long-Term Liabilities $6.775M $91.00K
YoY Change 536.15% -92.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.46M $25.21M
Total Long-Term Liabilities $6.775M $91.00K
Total Liabilities $37.24M $32.77M
YoY Change -30.63% -25.82%
SHAREHOLDERS EQUITY
Retained Earnings -$50.28M -$24.36M
YoY Change 314.83% -2.5%
Common Stock $758.5M $738.0M
YoY Change 9.55% 8.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $708.3M $713.7M
YoY Change
Total Liabilities & Shareholders Equity $745.5M $746.4M
YoY Change 1.57% 6.93%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$25.92M -$16.49M
YoY Change -301.59% -368.57%
Depreciation, Depletion And Amortization $3.300M $3.824M
YoY Change 37.5% 50.31%
Cash From Operating Activities -$4.826M $7.502M
YoY Change -131.52% -62.54%
INVESTING ACTIVITIES
Capital Expenditures $3.862M $2.094M
YoY Change -140.19% -71.9%
Acquisitions
YoY Change
Other Investing Activities $1.311M -$4.089M
YoY Change
Cash From Investing Activities -$2.551M -$6.374M
YoY Change -73.45% -20.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -513.0K 2.534M
YoY Change -116.35%
NET CHANGE
Cash From Operating Activities -4.826M 7.502M
Cash From Investing Activities -2.551M -6.374M
Cash From Financing Activities -513.0K 2.534M
Net Change In Cash -7.890M 3.662M
YoY Change -189.28% -69.47%
FREE CASH FLOW
Cash From Operating Activities -$4.826M $7.502M
Capital Expenditures $3.862M $2.094M
Free Cash Flow -$8.688M $5.408M
YoY Change -134.86% -57.0%

Facts In Submission

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