SiTime Corp. (SITM) Tops Q1 EPS by 7c, Revenues Beat
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SiTime Reports First Quarter 2021 Financial Results
May 4, 2021 4:05 PM EDTSANTA CLARA, Calif., May 04, 2021 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), a market leader in MEMS timing, today announced financial results for the first quarter ended March 31, 2021.
Net revenue in the first quarter of 2021 was $35.5 million, a 63.5% increase from the $21.7 million in the first quarter of 2020 and a 11.7% decrease from the $40.3 million in the fourth quarter of 2020.
Generally Accepted Accounting Principles (GAAP) Results
In the first quarter of 2021 gross margins were $18.8 million, or 52.9% of revenue, operating expenses were $22.3... More
