SITM FY 2021 Earnings Report — SiTime Corporation Revenue & Financial Results | Market Cap Arena

SiTime CorporationSITM

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$219M	—	$116M	—	88.4%
Op. Income	$33M	—	-$9M	—	481.3%
Gross Margin	63.7%	—	49.9%	—	13.9pp
Net Margin	14.8%	—	-8.1%	—	22.8pp
EPS (Diluted)	$1.53	—	$-0.58	—	363.8%
Free Cash Flow	$25M	—	$9M	—	187.0%

Revenue Flow

Item	Amount
REVENUE	$219M
Cost of Revenue	$79M
GROSS PROFIT	$139M
R&D Expenses	$52M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$55M
Other Expenses	$0
Operating Expenses	$107M
Cost & Expenses	$186M
OPERATING INCOME	$33M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$488.0K
INCOME BEFORE TAX	$32M
Income Tax Expense	$78.0K
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$8M
EBIT	$33M
EBITDA	$41M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$219M
Cost of Revenue	$79M
GROSS PROFIT	$139M
R&D Expenses	$52M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$55M
Other Expenses	$0
Operating Expenses	$107M
Cost & Expenses	$186M
OPERATING INCOME	$33M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$488.0K
INCOME BEFORE TAX	$32M
Income Tax Expense	$78.0K
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$8M
EBIT	$33M
EBITDA	$41M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$8M
Stock-Based Compensation	$30M
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$34M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$34M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$618.0K
NET CASH FROM FINANCING	$461M
FREE CASH FLOW	$25M
Net Change in Cash	$486M

Balance Sheet

Item	Amount
Cash & Equivalents	$559M
Short-Term Investments	$0
Net Receivables	$38M
Inventory	$24M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$626M
PP&E (Net)	$46M
Goodwill	$0
Intangible Assets	$6M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$193.0K
TOTAL NON-CURRENT ASSETS	$52M
TOTAL ASSETS	$678M
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$37M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$46M
Common Stock	$2.0K
Additional Paid-In Capital	$664M
Retained Earnings	-$31M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$632M
Minority Interest	$0
TOTAL EQUITY	$632M
TOTAL LIABILITIES & EQUITY	$678M
Total Debt	$8M
Net Debt	-$552M