SiTime Corporation Stock: May Have Broken Out After A Long Pause (NASDAQ:SITM)

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SiTime Corporation (NASDAQ:SITM), a supplier of semiconductor chips for precision timing, has been in consolidation mode after it saw its stock price collapse starting in late 2021. The stock hit bottom in October 2022, but SITM has yet

(Unit: $1000, except for EPS)

(GAAP)

Q3 FY2023

Q2 FY2023

Q3 FY2022

QoQ

YoY

Revenue

35,520

27,728

73,095

28.10%

(51.41%)

Gross margin

56.1%

55.7%

64.7%

40bps

(860bps)

Income (loss) from operations

(25,177)

(32,405)

3,532

Net income (loss)

(18,125)

(25,922)

5,783

EPS

(0.81)

(1.17)

0.26

(Non-GAAP)

Revenue

35,520

27,728

73,095

28.10%

(51.41%)

Gross margin

58.2%

58.2%

65.2%

(700bps)

Income (loss) from operations

(5,648)

(11,245)

19,600

Net income

1,404

(4,762)

21,851

(93.57%)

EPS

0.06

(0.22)

0.97

(93.81%)