Sitime Corporation ( (SITM) ) has released its Q4 earnings. Here is a breakdown of the information Sitime Corporation presented to its investors.
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SiTime Corporation is a leading provider of semiconductor MEMS programmable solutions, specializing in precision timing technology that enhances product performance across various sectors. In its latest financial report, SiTime announced a significant increase in revenue for the fourth quarter and fiscal year 2024, highlighting its success in market diversification and the growing demand in sectors like communications and data centers. Key financial metrics revealed that SiTime’s net revenue for Q4 2024 was $68.1 million, marking an 18% increase from the previous quarter and a 61% rise compared to the same period last year. For the entire fiscal year, the company reported a 41% increase in revenue, reaching $202.7 million. Despite the impressive revenue growth, SiTime reported a GAAP net loss for both the quarter and the year, attributed to high operating expenses, though non-GAAP measures showed a positive net income. Looking ahead, SiTime enters 2025 with strong momentum, driven by its strategic focus on precision timing in AI and other emerging technologies, positioning itself for continued growth and innovation.
