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SITIME Corp (SITM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-KS-1/A
Revenues:  
    Revenue from Contract with Customer Benchmark      45.1 
    Other      40.1 
Total revenues  283.6218.8116.284.185.2101.1
            Revenue growth  29.6%88.4%38.2%-1.3%-15.7% 
Cost of goods sold  100.679.358.244.549.053.1
Gross profit  183.0139.557.939.636.247.9
            Gross margin  64.5%63.7%49.9%47.1%42.5%47.4%
Selling, general and administrative   [+]76.554.534.920.621.221.3
Research and development  90.352.131.723.822.821.0
EBITDA   [+]28.040.8-2.23.4-0.4 
            EBITDA margin  9.9%18.6%-1.9%4.0%-0.4%5.5%
Depreciation  10.15.73.73.43.5 
EBITA  17.835.0-5.90.0-3.95.6
            EBITA margin  6.3%16.0%-5.1%0.0%-4.6%5.5%
Amortization of intangibles  1.72.22.74.93.9 
EBIT   [+]16.132.8-8.6-4.9-7.85.6
            EBIT margin  5.7%15.0%-7.4%-5.8%-9.1%5.5%
Interest income, net   [+]7.3  -1.7-1.5-0.9
Other income (expense), net   [+]-0.1-0.5-0.80.0-0.10.0
Pre-tax income  23.332.4-9.4-6.6-9.44.7
Income taxes  0.10.10.00.00.00.0
            Tax rate  0.4%0.2% 0.1%0.3% 
Net income  23.332.3-9.4-6.6-9.34.7
            Net margin  8.2%14.8%-8.1%-7.9%-11.0%4.7%
   
Basic EPS   [+]$1.09$1.70($0.58)($0.63)($0.93)$0.00
Diluted EPS   [+]$1.03$1.53($0.58)($0.63)($0.93)$0.00
   
Shares outstanding (basic)   [+]21.219.016.110.610.010,000.0
Shares outstanding (diluted)   [+]22.721.116.110.610.010,000.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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