SiTime Reports Third Quarter 2024 Financial Results

SiTime Corporation
Unaudited GAAP Condensed Consolidated Balance Sheets
  As of
  September 30, 2024  December 31, 2023
  (in thousands)
Assets:   
Current assets:   
Cash and cash equivalents$8,489  $9,468 
Short-term investments in held-to-maturity securities 426,307   518,733 
Accounts receivable, net 30,175   21,861 
Inventories 71,880   65,539 
Prepaid expenses and other current assets 8,894   7,641 
Total current assets 545,745   623,242 
Property and equipment, net 69,689   54,685 
Intangible assets, net 167,395   177,079 
Right-of-use assets, net 6,927   8,262 
Goodwill 87,098       87,098  
Other assets   1,049       1,317  
Total assets $ 877,903     $ 951,683  
Liabilities and Stockholders' Equity:      
Current liabilities:      
Accounts payable $ 17,944     $ 8,690  
Accrued expenses and other current liabilities   76,976       112,704  
Total current liabilities   94,920       121,394  
Other non-current liabilities   86,748       122,237  
Total liabilities   181,668       243,631  
Commitments and contingencies      
Stockholders’ equity:      
Common stock   2       2  
Additional paid-in capital   859,421       796,450  
Accumulated deficit   (163,188 )     (88,400 )
Total stockholders’ equity   696,235       708,052  
Total liabilities and stockholders’ equity $ 877,903     $ 951,683  
               

Investor Relations Contacts:

« Previous Page 1 | 2 | 3 | 4  Next Page »
Featured Video
Jobs
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024
SEMI | MSIG MEMS & Imaging Sensors Summit at Munich Germany - Nov 14 - 15, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise