$SITM
SITIME Corp Stock $sitm

$sitm Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000145180924000110 Filed on May 09, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$43.87M	$33.02M
YoY Change	58.2%	-13.88%
Cost Of Revenue	$22.34M	$15.36M
YoY Change	81.8%	0.39%
Gross Profit	$21.52M	$17.66M
YoY Change	39.42%	-23.35%
Gross Profit Margin	49.07%	53.48%
Selling, General & Admin	$25.19M	$23.91M
YoY Change	18.4%	15.34%
% of Gross Profit	117.04%	135.4%
Research & Development	$25.49M	$25.54M
YoY Change	-4.05%	4.44%
% of Gross Profit	118.43%	144.64%
Depreciation & Amortization	$3.800M	$5.601M
YoY Change	15.15%	46.47%
% of Gross Profit	17.66%	31.71%
Operating Expenses	$53.84M	$52.70M
YoY Change	12.54%	16.62%
Operating Profit	-$32.32M	-$35.04M
YoY Change	-0.26%	58.19%
Interest Expense	$5.736M	$6.560M
YoY Change	-13.96%	16.54%
% of Operating Profit
Other Income/Expense, Net	-$203.0K	-$213.0K
YoY Change	26.09%	-313.0%
Pretax Income	-$26.79M	-$28.69M
YoY Change	3.43%	74.73%
Income Tax	-$18.00K	$13.00K
% Of Pretax Income
Net Earnings	-$26.77M	-$28.70M
YoY Change	3.27%	74.07%
Net Earnings / Revenue	-61.02%	-86.92%
Basic Earnings Per Share	-$1.16	-$1.26
Diluted Earnings Per Share	-$1.16	-$1.26
COMMON SHARES
Basic Shares Outstanding	22.87M shares	22.69M shares
Diluted Shares Outstanding	23.00M shares	22.77M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$452.5M	$517.3M
YoY Change	-21.26%	-10.21%
Cash & Equivalents	$16.64M	$96.28M
Short-Term Investments	$435.9M	$421.0M
Other Short-Term Assets	$5.928M	$6.435M
YoY Change	-28.42%	11.7%
Inventory	$70.79M	$74.38M
Prepaid Expenses	$3.350M	$3.309M
Receivables	$20.99M	$16.77M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$553.6M	$618.2M
YoY Change	-16.5%	-7.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$58.69M	$53.39M
YoY Change	-10.87%	-7.12%
Goodwill	$87.10M	$87.10M
YoY Change
Intangibles	$171.1M	$175.2M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$996.0K	$1.138M
YoY Change	-90.49%	-84.56%
Total Long-Term Assets	$325.0M	$324.4M
YoY Change	293.8%	306.15%
TOTAL ASSETS
Total Short-Term Assets	$553.6M	$618.2M
Total Long-Term Assets	$325.0M	$324.4M
Total Assets	$878.6M	$942.6M
YoY Change	17.85%	26.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.49M	$10.79M
YoY Change	48.42%	31.81%
Accrued Expenses	$65.87M	$108.6M
YoY Change	218.23%	538.11%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$80.36M	$119.4M
YoY Change	163.81%	373.68%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$105.7M	$127.0M
YoY Change	1459.85%	139478.02%
Total Long-Term Liabilities	$105.7M	$127.0M
YoY Change	1459.85%	139478.02%
TOTAL LIABILITIES
Total Short-Term Liabilities	$80.36M	$119.4M
Total Long-Term Liabilities	$105.7M	$127.0M
Total Liabilities	$186.0M	$246.4M
YoY Change	399.62%	651.99%
SHAREHOLDERS EQUITY
Retained Earnings	-$143.9M	-$117.1M
YoY Change	186.16%	380.82%
Common Stock	$836.4M	$813.3M
YoY Change	10.26%	10.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$692.5M	$696.2M
YoY Change
Total Liabilities & Shareholders Equity	$878.6M	$942.6M
YoY Change	17.85%	26.28%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	-$26.77M	-$28.70M
YoY Change	3.27%	74.07%
Depreciation, Depletion And Amortization	$3.800M	$5.601M
YoY Change	15.15%	46.47%
Cash From Operating Activities	-$181.0K	$1.729M
YoY Change	-96.25%	-76.95%
INVESTING ACTIVITIES
Capital Expenditures	$2.613M	$2.907M
YoY Change	-32.34%	38.83%
Acquisitions
YoY Change
Other Investing Activities	-$10.09M	$94.14M
YoY Change	-869.26%	-2402.23%
Cash From Investing Activities	-$12.70M	$91.11M
YoY Change	397.77%	-1529.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-66.76M	-$6.032M
YoY Change	12913.45%	-338.04%
NET CHANGE
Cash From Operating Activities	-181.0K	$1.729M
Cash From Investing Activities	-12.70M	$91.11M
Cash From Financing Activities	-66.76M	-$6.032M
Net Change In Cash	-79.64M	$86.81M
YoY Change	909.35%	2270.48%
FREE CASH FLOW
Cash From Operating Activities	-$181.0K	$1.729M
Capital Expenditures	$2.613M	$2.907M
Free Cash Flow	-$2.794M	-$1.178M
YoY Change	-67.84%	-121.78%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	22692000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	22692000	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-28704000	usd
CY2024Q1	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2023#BusinessCombinationAcquisitionRelatedCosts
CY2023Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://www.sitime.com/20240331#AccruedExpensesAndOtherCurrentLiabilities
CY2024Q1	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://www.sitime.com/20240331#AccruedExpensesAndOtherCurrentLiabilities
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	15361000	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	15302000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	17661000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	23041000	usd
CY2024Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	25544000	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	24457000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	23913000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	20733000	usd
CY2024Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	3242000	usd
CY2023Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	52699000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	45190000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-35038000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-22149000	usd
CY2024Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	6560000	usd
CY2023Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	5629000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-213000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	100000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-28691000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-16420000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-28704000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-16490000	usd
CY2024Q1	sitm	Net Income Loss Attributable To Common Stockholder And Comprehensive Income Loss NetIncomeLossAttributableToCommonStockholderAndComprehensiveIncomeLoss	-28704000	usd
CY2023Q1	sitm	Net Income Loss Attributable To Common Stockholder And Comprehensive Income Loss NetIncomeLossAttributableToCommonStockholderAndComprehensiveIncomeLoss	-16490000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.26
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.76
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.26
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.76
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22765000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21794000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22765000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21794000	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	708052000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	22894000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2706000	usd
CY2024Q1	us-gaap	Restricted Stock Value Shares Issued Net Of Tax Withholdings RestrictedStockValueSharesIssuedNetOfTaxWithholdings	-8738000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	696210000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	708480000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	19136000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-16490000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	12749000	usd
CY2023Q1	us-gaap	Restricted Stock Value Shares Issued Net Of Tax Withholdings RestrictedStockValueSharesIssuedNetOfTaxWithholdings	-10215000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	713660000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-28704000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-16490000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	5601000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3824000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	21703000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	18536000	usd
CY2024Q1	sitm	Unrealized Interest On Held To Maturity Securities UnrealizedInterestOnHeldToMaturitySecurities	3589000	usd
CY2023Q1	sitm	Unrealized Interest On Held To Maturity Securities UnrealizedInterestOnHeldToMaturitySecurities	212000	usd
CY2024Q1	sitm	Business Combination Contingent Consideration Arrangements Change In Amount Of Sales Based Earnout Related To Contingent Consideration Liability BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfSalesBasedEarnoutRelatedToContingentConsiderationLiability	1041000	usd
CY2023Q1	sitm	Business Combination Contingent Consideration Arrangements Change In Amount Of Sales Based Earnout Related To Contingent Consideration Liability BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfSalesBasedEarnoutRelatedToContingentConsiderationLiability	0	usd
CY2024Q1	sitm	Business Combination Deferred Consideration Arrangements Change In Amount Of Deferred Consideration Liability BusinessCombinationDeferredConsiderationArrangementsChangeInAmountOfDeferredConsiderationLiability	1585000	usd
CY2023Q1	sitm	Business Combination Deferred Consideration Arrangements Change In Amount Of Deferred Consideration Liability BusinessCombinationDeferredConsiderationArrangementsChangeInAmountOfDeferredConsiderationLiability	0	usd
CY2024Q1	us-gaap	Inventory Write Down InventoryWriteDown	826000	usd
CY2023Q1	us-gaap	Inventory Write Down InventoryWriteDown	771000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-5087000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-19765000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	9182000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3132000	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1923000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2895000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2591000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-6430000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-485000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-2212000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1729000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11949000	usd
CY2024Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	294393000	usd
CY2023Q1	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	379543000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	388531000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	371007000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2907000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2094000	usd
CY2024Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	121000	usd
CY2023Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	191000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	91110000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10821000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	8738000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	10215000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3009000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	13119000	usd
CY2024Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	303000	usd
CY2023Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	370000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6032000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2534000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	86807000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3662000	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	96275000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	38265000	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	12000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	104000	usd
CY2024Q1	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	375000	usd
CY2023Q1	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	486000	usd
CY2024Q1	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	420600000	usd
CY2024Q1	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	400000	usd
CY2023Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	519000000	usd
CY2023Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	300000	usd
CY2023Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	103461000	usd
CY2024Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	1041000	usd
CY2024Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	104502000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	16824000	usd
CY2023Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	21911000	usd
CY2022Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	41279000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	50000	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
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16774000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	21861000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	41229000	usd
CY2024Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	24066000	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	17550000	usd
CY2024Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	35248000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	35193000	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	15062000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	12796000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	74376000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	65539000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	177079000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2000000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	600000	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3309000	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3563000	usd
CY2024Q1	us-gaap	Other Assets Current OtherAssetsCurrent	6435000	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	4078000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9744000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7641000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	101263000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	99107000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	47869000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	44422000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	53394000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	54685000	usd
CY2024Q1	us-gaap	Depreciation Depreciation	3600000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	3200000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	127261000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	21525000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	105736000	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
CY2024Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	196761000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	21525000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	175236000	usd
CY2023Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	196644000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	19565000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	12030000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	15328000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	14986000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	14624000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	12912000	usd
CY2024Q1	sitm	Finite Lived Intangible Assets Amortization Expense Year Five And After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndAfterYearFive	35856000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	105736000	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	5782000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	6358000	usd
CY2024Q1	sitm	Revenue Reserves RevenueReserves	2585000	usd
CY2023Q4	sitm	Revenue Reserves RevenueReserves	2954000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	16772000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	19733000	usd
CY2024Q1	sitm	Business Combination Deferred Consideration Liability Current BusinessCombinationDeferredConsiderationLiabilityCurrent	76245000	usd
CY2023Q4	sitm	Business Combination Deferred Consideration Liability Current BusinessCombinationDeferredConsiderationLiabilityCurrent	75695000	usd
CY2024Q1	sitm	Deferred Non Recurring Engineering Services DeferredNonRecurringEngineeringServices	617000	usd
CY2023Q4	sitm	Deferred Non Recurring Engineering Services DeferredNonRecurringEngineeringServices	978000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	2531000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	2601000	usd
CY2024Q1	sitm	Accrued Customer Rebates Current AccruedCustomerRebatesCurrent	238000	usd
CY2023Q4	sitm	Accrued Customer Rebates Current AccruedCustomerRebatesCurrent	238000	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	3837000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4147000	usd
CY2024Q1	sitm	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	108607000	usd
CY2023Q4	sitm	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	112704000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	87730000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	83728000	usd
CY2024Q1	sitm	Business Combination Deferred Consideration Liability Noncurrent BusinessCombinationDeferredConsiderationLiabilityNoncurrent	34500000	usd
CY2023Q4	sitm	Business Combination Deferred Consideration Liability Noncurrent BusinessCombinationDeferredConsiderationLiabilityNoncurrent	33086000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	4786000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	5423000	usd
CY2024Q1	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	127016000	usd
CY2023Q4	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	122237000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7582000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	8262000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	2531000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	2601000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	4786000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	5423000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	7317000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	8024000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y10M24D
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y1M6D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.045
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.045
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	748000	usd
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	759000	usd
CY2024Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	177000	usd
CY2023Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	177000	usd
CY2024Q1	us-gaap	Variable Lease Cost VariableLeaseCost	316000	usd
CY2023Q1	us-gaap	Variable Lease Cost VariableLeaseCost	264000	usd
CY2024Q1	us-gaap	Lease Cost LeaseCost	1241000	usd
CY2023Q1	us-gaap	Lease Cost LeaseCost	1200000	usd
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	800000	usd
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	700000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	2256000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	2714000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	2183000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	490000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	134000	usd
CY2024Q1	sitm	Lessee Operating Lease Liability Payments Due Year Five And Thereafter LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndThereafter	45000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	7822000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	505000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	7317000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	2531000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	4786000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	468000	usd
CY2023Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	0	usd
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	22894000	usd
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	19136000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-28691000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-16420000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0
CY2024Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	2300000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	2300000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	53394000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	54685000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-28704000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-16490000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22765000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21794000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22765000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21794000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.26
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.76
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.26
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.76
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	932535	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	415017	shares
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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sitm-20240331_def.xml	Edgar Link	unprocessable
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FilingSummary.xml	Edgar Link	unprocessable

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$SITM
SITIME Corp Stock $sitm

2024 Q2 Form 10-Q Financial Statement

#000145180924000110 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SITM SITIME Corp Stock $sitm

2024 Q2 Form 10-Q Financial Statement

#000145180924000110 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SITM
SITIME Corp Stock $sitm