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:

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