SiTime Corp. (SITM) Tops Q1 EPS by 7c, Revenues Beat

SiTime Corp. (NASDAQ: SITM) reported Q1 EPS of $0.19, $0.07 better than the analyst estimate of $0.12. Revenue for the quarter came in at $35.54 million versus the consensus estimate of $33.06 million.

Matthew Coleman, President, stated: “Our positive operating results in the first quarter are the result of key achievements across multiple areas of strategic importance for TRTX. We remain focused on originating high quality, first mortgage loans with best-in-class sponsors in strong growth markets. We continue to optimize our capital structure by reducing our cost of funds and increasing our non-mark-to-market liabilities. With substantial liquidity available for deployment by our experienced team, we are well positioned for continued growth.”

For earnings history and earnings-related data on SiTime Corp. (SITM) click here.

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