News
Revenues beat expectations, earnings per share lag
SiTime (NASDAQ:SITM) Results for the first quarter of 2024
Main financial results
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Revenue: US$33.0 million (down 14% compared to 1Q 2023).
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Net loss: US$28.7 million (loss increased by 74% compared to 1Q 2023).
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Loss of $1.26 per share (further deteriorated from loss of $0.76 in 1Q 2023).
earnings and revenue growth
All numbers shown in the chart above are for the period of the last 12 months (TTM)
SiTime revenues exceed expectations, EPS falls short
Revenue beat analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 24% per year on average over the next 3 years, compared to a 17% growth forecast for the US semiconductor industry.
Performance of American semiconductor industry.
The company’s shares rose 33% from the previous week.
Risk analysis
It is still necessary to consider the ever-present specter of investment risk. We’ve identified 4 warning signs with SiTimeand understanding them should be part of your investment process.
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