SiTime Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

SiTime (NASDAQ:SITM) Full Year 2024 Results

Key Financial Results

• Revenue: US$202.7m (up 41% from FY 2023).
• Net loss: US$93.6m (loss widened by 16% from FY 2023).
• US$4.05 loss per share (further deteriorated from US$3.63 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SiTime Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 5.7%.

In the last 12 months, the only revenue segment was Design, Development, and Sale of Silicon Timing Systems Solutions contributing US$202.7m. The largest operating expense was Research & Development (R&D) costs, amounting to US$106.9m (51% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$10.4m. Explore how SITM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 12% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for SiTime that you need to take into consideration.

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