2024 Q1 Form 10-K Financial Statement

#000145180924000052 Filed on February 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $33.02M $42.40M $144.0M
YoY Change -13.88% -30.3% -49.23%
Cost Of Revenue $15.36M $18.71M $61.91M
YoY Change 0.39% -18.93% -38.49%
Gross Profit $17.66M $23.69M $82.09M
YoY Change -23.35% -37.25% -55.13%
Gross Profit Margin 53.48% 55.88% 57.01%
Selling, General & Admin $23.91M $20.51M $83.97M
YoY Change 15.34% 4.17% 9.72%
% of Gross Profit 135.4% 86.58% 102.29%
Research & Development $25.54M $22.92M $97.59M
YoY Change 4.44% -3.69% 8.09%
% of Gross Profit 144.64% 96.73% 118.88%
Depreciation & Amortization $5.601M $4.392M $16.13M
YoY Change 46.47% 31.26% 36.18%
% of Gross Profit 31.71% 18.54% 19.65%
Operating Expenses $52.70M $43.43M $189.3M
YoY Change 16.62% -0.13% 13.47%
Operating Profit -$35.04M -$19.74M -$107.2M
YoY Change 58.19% 244.44% -764.11%
Interest Expense $6.560M $7.329M $26.96M
YoY Change 16.54% 83.41% 269.74%
% of Operating Profit
Other Income/Expense, Net -$213.0K $152.0K -$141.0K
YoY Change -313.0% -8.98% 45.36%
Pretax Income -$28.69M -$19.99M -$80.38M
YoY Change 74.73% 1174.68% -444.46%
Income Tax $13.00K $10.00K $152.0K
% Of Pretax Income
Net Earnings -$28.70M -$20.00M -$80.54M
YoY Change 74.07% 1209.56% -446.33%
Net Earnings / Revenue -86.92% -47.16% -55.93%
Basic Earnings Per Share -$1.26 -$3.63
Diluted Earnings Per Share -$1.26 -$0.89 -$3.63
COMMON SHARES
Basic Shares Outstanding 22.69M shares 22.46M shares 22.19M shares
Diluted Shares Outstanding 22.77M shares 22.19M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $517.3M $528.2M $528.2M
YoY Change -10.21% -6.36% -6.36%
Cash & Equivalents $96.28M $9.468M $9.468M
Short-Term Investments $421.0M $518.7M $518.7M
Other Short-Term Assets $6.435M $4.078M $7.641M
YoY Change 11.7% 37.17% 25.45%
Inventory $74.38M $65.54M $65.54M
Prepaid Expenses $3.309M $3.563M
Receivables $16.77M $21.86M $21.86M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $618.2M $623.2M $623.2M
YoY Change -7.26% -6.85% -6.85%
LONG-TERM ASSETS
Property, Plant & Equipment $53.39M $54.69M $62.95M
YoY Change -7.12% -6.95% -9.58%
Goodwill $87.10M $87.10M
YoY Change
Intangibles $175.2M $177.1M
YoY Change 3302.09%
Long-Term Investments
YoY Change
Other Assets $1.138M $1.317M $1.317M
YoY Change -84.56% -80.41% -80.41%
Total Long-Term Assets $324.4M $328.4M $328.4M
YoY Change 306.15% 302.75% 302.75%
TOTAL ASSETS
Total Short-Term Assets $618.2M $623.2M $623.2M
Total Long-Term Assets $324.4M $328.4M $328.4M
Total Assets $942.6M $951.7M $951.7M
YoY Change 26.28% 26.79% 26.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.79M $8.690M $8.690M
YoY Change 31.81% -41.6% -41.6%
Accrued Expenses $108.6M $112.7M $112.7M
YoY Change 538.11% 495.91% 495.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.4M $121.4M $121.4M
YoY Change 373.68% 259.22% 259.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $127.0M $0.00 $122.2M
YoY Change 139478.02% -100.0% 1365.32%
Total Long-Term Liabilities $127.0M $0.00 $122.2M
YoY Change 139478.02% -100.0% 1365.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.4M $121.4M $121.4M
Total Long-Term Liabilities $127.0M $0.00 $122.2M
Total Liabilities $246.4M $243.6M $243.6M
YoY Change 651.99% 478.2% 478.2%
SHAREHOLDERS EQUITY
Retained Earnings -$117.1M -$88.40M
YoY Change 380.82% 1023.97%
Common Stock $813.3M $796.5M
YoY Change 10.2% 11.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $696.2M $708.1M $708.1M
YoY Change
Total Liabilities & Shareholders Equity $942.6M $951.7M $951.7M
YoY Change 26.28% 26.79% 26.79%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$28.70M -$20.00M -$80.54M
YoY Change 74.07% 1209.56% -446.33%
Depreciation, Depletion And Amortization $5.601M $4.392M $16.13M
YoY Change 46.47% 31.26% 36.18%
Cash From Operating Activities $1.729M -$1.406M $8.056M
YoY Change -76.95% -129.25% -79.73%
INVESTING ACTIVITIES
Capital Expenditures $2.907M $3.097M $8.945M
YoY Change 38.83% -59.65% -71.86%
Acquisitions $39.00M
YoY Change
Other Investing Activities $94.14M -$3.303M -$24.41M
YoY Change -2402.23% -26.63% -95.35%
Cash From Investing Activities $91.11M -$6.400M -$36.66M
YoY Change -1529.4% -47.45% -93.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $46.03M
YoY Change 35.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.032M 563.0K $3.469M
YoY Change -338.04% 53.83% -176.71%
NET CHANGE
Cash From Operating Activities $1.729M -1.406M $8.056M
Cash From Investing Activities $91.11M -6.400M -$36.66M
Cash From Financing Activities -$6.032M 563.0K $3.469M
Net Change In Cash $86.81M -7.243M -$25.14M
YoY Change 2270.48% 3.4% -95.21%
FREE CASH FLOW
Cash From Operating Activities $1.729M -$1.406M $8.056M
Capital Expenditures $2.907M $3.097M $8.945M
Free Cash Flow -$1.178M -$4.503M -$889.0K
YoY Change -121.78% 56.95% -111.17%

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CY2022 sitm Business Combination Contingent Consideration Arrangements Change In Amount Of Sales Based Earnout Related To Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfSalesBasedEarnoutRelatedToContingentConsiderationLiability
0 usd
CY2021 sitm Business Combination Contingent Consideration Arrangements Change In Amount Of Sales Based Earnout Related To Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfSalesBasedEarnoutRelatedToContingentConsiderationLiability
0 usd
CY2023 sitm Business Combination Deferred Consideration Arrangements Change In Amount Of Deferred Consideration Liability
BusinessCombinationDeferredConsiderationArrangementsChangeInAmountOfDeferredConsiderationLiability
710000 usd
CY2022 sitm Business Combination Deferred Consideration Arrangements Change In Amount Of Deferred Consideration Liability
BusinessCombinationDeferredConsiderationArrangementsChangeInAmountOfDeferredConsiderationLiability
0 usd
CY2021 sitm Business Combination Deferred Consideration Arrangements Change In Amount Of Deferred Consideration Liability
BusinessCombinationDeferredConsiderationArrangementsChangeInAmountOfDeferredConsiderationLiability
0 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
1997000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
2972000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
1817000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
23000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-358000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-117000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19368000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2853000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14456000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-736000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9886000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
36992000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13096000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6116000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7460000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1859000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5706000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2468000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5826000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1988000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-6198000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9798000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8056000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39752000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59078000 usd
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1046407000 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
673370000 usd
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 usd
CY2023 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
1060996000 usd
CY2022 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
148931000 usd
CY2021 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
0 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
39000000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8945000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31793000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30878000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3304000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3856000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2910000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36660000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-560088000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33788000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
41346000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
37552000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
46025000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33977000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
461264000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1210000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
947000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
618000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3469000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4522000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
485936000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73525000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9468000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34603000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
559461000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
199000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
58000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
866000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
747000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1437000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
606000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
3178000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4761000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
689000 usd
CY2023 sitm Business Combination Separately Recognized Transactions Additional Disclosures Settlement
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresSettlement
9974000 usd
CY2022 sitm Business Combination Separately Recognized Transactions Additional Disclosures Settlement
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresSettlement
0 usd
CY2021 sitm Business Combination Separately Recognized Transactions Additional Disclosures Settlement
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresSettlement
0 usd
CY2023 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
107947000 usd
CY2022 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
0 usd
CY2021 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
0 usd
CY2023 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
102278000 usd
CY2022 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0 usd
CY2021 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The significant areas requiring the use of management estimates and assumptions include revenue recognition, fair value of assets acquired and liabilities assumed in business combinations, estimate of reserve for excess and obsolete inventories, and sales reserves. Actual results could differ materially from such estimates. Management believes that the estimates, and judgments upon which they rely, are reasonable based upon information available to them at the time that these estimates and judgments are made.</span></div>
CY2023 sitm Foreign Currency Remeasurement And Transactions Gains And Losses
ForeignCurrencyRemeasurementAndTransactionsGainsAndLosses
100000 usd
CY2022 sitm Foreign Currency Remeasurement And Transactions Gains And Losses
ForeignCurrencyRemeasurementAndTransactionsGainsAndLosses
100000 usd
CY2021 sitm Foreign Currency Remeasurement And Transactions Gains And Losses
ForeignCurrencyRemeasurementAndTransactionsGainsAndLosses
500000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
519000000.0 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
300000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
529200000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
300000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2023 sitm Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Contingent Consideration Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisContingentConsiderationLiability
102278000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1183000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
103461000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, short-term investments and accounts receivable. Substantially all of the Company's cash and cash equivalents balances are in excess of Federal Deposit Insurance Corporation insurance limits with financial institutions. Investment policies have been implemented that limit purchases of marketable debt securities to investment-grade securities.</span></div>The Company extends credit based on an evaluation of the customer’s financial condition and collateral is not typically required. The Company primarily sells its products through third-party distributors.
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
300000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
300000 usd
CY2023 sitm Reduction Of Research And Development Expenses
ReductionOfResearchAndDevelopmentExpenses
3900000 usd
CY2022 sitm Reduction Of Research And Development Expenses
ReductionOfResearchAndDevelopmentExpenses
9000000 usd
CY2021 sitm Reduction Of Research And Development Expenses
ReductionOfResearchAndDevelopmentExpenses
2400000 usd
CY2023 us-gaap Depreciation
Depreciation
13300000 usd
CY2022 us-gaap Depreciation
Depreciation
10100000 usd
CY2021 us-gaap Depreciation
Depreciation
5700000 usd
CY2023Q4 sitm Business Combination Consideration Arrangements Change In Amount Of Deferred And Contingent Consideration Liability
BusinessCombinationConsiderationArrangementsChangeInAmountOfDeferredAndContingentConsiderationLiability
1900000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-80535000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
23254000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
32277000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22188000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21245000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19006000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1419000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2138000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22188000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22664000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21144000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.63
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.70
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.63
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1078089 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
309963 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3955 shares
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
89995000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
44422000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
31223000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
54685000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58772000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
21911000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
41279000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
38426000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
50000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
50000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
50000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
21861000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
41229000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38376000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
17550000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
17518000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
35193000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
33687000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
12796000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6445000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
65539000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
57650000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3563000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3118000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4078000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2973000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7641000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6091000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
99107000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
127144000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19565000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
107579000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
22017000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16812000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5205000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
196644000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19565000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
177079000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
22017000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16812000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5205000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14815000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15293000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14950000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14605000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12919000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
34997000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
107579000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6358000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6109000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10634000 usd
CY2023Q4 sitm Revenue Reserves
RevenueReserves
2954000 usd
CY2022Q4 sitm Revenue Reserves
RevenueReserves
1840000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
19733000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 usd
CY2023Q4 sitm Business Combination Deferred Consideration Liability Current
BusinessCombinationDeferredConsiderationLiabilityCurrent
75695000 usd
CY2022Q4 sitm Business Combination Deferred Consideration Liability Current
BusinessCombinationDeferredConsiderationLiabilityCurrent
0 usd
CY2023Q4 sitm Deferred Non Recurring Engineering Services
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sitm-20231231_def.xml Edgar Link unprocessable
sitm-20231231_lab.xml Edgar Link unprocessable
sitm-20231231_pre.xml Edgar Link unprocessable
sitm-20231231_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
sitm-20231231_cal.xml Edgar Link unprocessable