$SITM
SITIME Corp

2020 Q3 Form 10-Q Financial Statement

#000156459020051337 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $32.67M $28.09M $25.33M
YoY Change 28.99% 22.92% 16.74%
Cost Of Revenue $15.77M $14.64M $13.18M
YoY Change 19.61% 60.88% 19.49%
Gross Profit $16.90M $13.45M $12.15M
YoY Change 39.15% -2.2% 13.93%
Gross Profit Margin 51.74% 47.88% 47.96%
Selling, General & Admin $8.978M $6.470M $4.870M
YoY Change 84.35% 19.15% 4.96%
% of Gross Profit 53.12% 48.11% 40.09%
Research & Development $8.484M $5.950M $5.780M
YoY Change 46.78% -4.49% 9.47%
% of Gross Profit 50.2% 44.24% 47.58%
Depreciation & Amortization $1.900M $2.110M $2.700M
YoY Change -29.63% -1.4% 18.42%
% of Gross Profit 11.24% 15.69% 22.23%
Operating Expenses $17.46M $12.42M $10.65M
YoY Change 64.01% 6.49% 7.38%
Operating Profit -$560.0K $1.030M $1.500M
YoY Change -137.33% -50.72% 100.8%
Interest Expense $110.0K -$390.0K -$430.0K
YoY Change -125.58% -11.36% 2.38%
% of Operating Profit -37.86% -28.67%
Other Income/Expense, Net $3.000K -$10.00K $10.00K
YoY Change -70.0% -66.67% -133.33%
Pretax Income -$667.0K $620.0K $1.080M
YoY Change -161.76% -61.73% 260.0%
Income Tax $0.00 -$10.00K $0.00
% Of Pretax Income -1.61% 0.0%
Net Earnings -$667.0K $633.0K $1.079M
YoY Change -161.82% -61.64% 264.53%
Net Earnings / Revenue -2.04% 2.25% 4.26%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$0.04 $59.66K $72.00K
COMMON SHARES
Basic Shares Outstanding 16.82M
Diluted Shares Outstanding 16.82M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.20M $63.40M $9.200M
YoY Change 652.17%
Cash & Equivalents $69.21M $63.42M $9.232M
Short-Term Investments
Other Short-Term Assets $1.054M $984.0K $3.800M
YoY Change -72.26% -65.46%
Inventory $15.20M $11.91M $13.00M
Prepaid Expenses $1.921M $1.279M
Receivables $17.20M $17.66M $17.30M
Other Receivables $800.0K $1.000M $800.0K
Total Short-Term Assets $105.4M $99.66M $44.20M
YoY Change 138.46% 87.67%
LONG-TERM ASSETS
Property, Plant & Equipment $20.10M $9.288M $19.80M
YoY Change 1.52% -17.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $162.0K $2.000M
YoY Change -90.0% 0.0%
Total Long-Term Assets $22.30M $23.73M $27.00M
YoY Change -17.41% 21.16%
TOTAL ASSETS
Total Short-Term Assets $105.4M $99.66M $44.20M
Total Long-Term Assets $22.30M $23.73M $27.00M
Total Assets $127.7M $123.4M $71.20M
YoY Change 79.35% 69.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.500M $3.869M $4.400M
YoY Change 70.45% -23.0%
Accrued Expenses $10.10M $8.400M $8.800M
YoY Change 14.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $41.00M $46.00M
YoY Change -100.0% -4.65%
Long-Term Debt Due $41.00M
YoY Change -10.87%
Total Short-Term Liabilities $17.57M $53.31M $59.20M
YoY Change -70.33% -9.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.300M $7.900M $8.200M
YoY Change -10.98% 1315.77%
Total Long-Term Liabilities $7.300M $7.900M $8.200M
YoY Change -10.98% 1315.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.57M $53.31M $59.20M
Total Long-Term Liabilities $7.300M $7.900M $8.200M
Total Liabilities $24.87M $61.25M $67.40M
YoY Change -63.09% -0.69%
SHAREHOLDERS EQUITY
Retained Earnings -$54.02M
YoY Change 13.93%
Common Stock $116.2M
YoY Change 98.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.8M $62.14M $3.800M
YoY Change
Total Liabilities & Shareholders Equity $127.7M $123.4M $71.20M
YoY Change 79.35% 69.75%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$667.0K $633.0K $1.079M
YoY Change -161.82% -61.64% 264.53%
Depreciation, Depletion And Amortization $1.900M $2.110M $2.700M
YoY Change -29.63% -1.4% 18.42%
Cash From Operating Activities $4.180M $2.500M -$300.0K
YoY Change -1493.33% -3.1% -89.51%
INVESTING ACTIVITIES
Capital Expenditures -$2.470M -$990.0K -$870.0K
YoY Change 183.91% 110.64% -45.96%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.470M -$990.0K -$870.0K
YoY Change 183.91% 110.64% -45.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.99M 52.68M -1.270M
YoY Change 2655.12% -142.33%
NET CHANGE
Cash From Operating Activities 4.180M 2.500M -300.0K
Cash From Investing Activities -2.470M -990.0K -870.0K
Cash From Financing Activities -34.99M 52.68M -1.270M
Net Change In Cash -33.28M 54.19M -2.440M
YoY Change 1263.93% 2468.25% 65.99%
FREE CASH FLOW
Cash From Operating Activities $4.180M $2.500M -$300.0K
Capital Expenditures -$2.470M -$990.0K -$870.0K
Free Cash Flow $6.650M $3.490M $570.0K
YoY Change 1066.67% 14.43% -145.6%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Reporting Calendar</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">The Company&#8217;s fiscal year begins on January&#160;1 of the year stated and ends on December&#160;31 of the same year. The Company reports its results on a calendar year basis.</font></p>
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1100000
CY2020Q3 sitm Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
400000
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
447077
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4640000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10662000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2200000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2200000
CY2019Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
41000000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q3 sitm Percentage Of Long Lived Assets
PercentageOfLongLivedAssets
0.96
CY2019Q4 sitm Percentage Of Long Lived Assets
PercentageOfLongLivedAssets
0.97
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
41000000
sitm Line Of Credit Guarantee Termination Date
LineOfCreditGuaranteeTerminationDate
2020-06-30

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