SiTime Corp. (SITM) PT Raised to $330 at Needham & Company
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SiTime Reports Third Quarter 2021 Financial Results
November 3, 2021 4:06 PM EDTSANTA CLARA, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), a market leader in MEMS timing, today announced financial results for the third quarter ended September 30, 2021.
Net revenue in the third quarter of 2021 was $63.0 million, a 92.9% increase from the $32.7 million in the third quarter of 2020 and a 41.7% increase from the $44.5 million in the second quarter of 2021.
Generally Accepted Accounting Principles (GAAP) Results
In the third quarter of 2021 gross margins were $41.7 million, or 66.2% of revenue, operating expenses were $27.6 million, or... More
