Latest news with #RajeshVashist
Yahoo
07-05-2025
- Business
- Yahoo
SiTime Reports First Quarter 2025 Financial Results
SiTime Q1 Net Revenue Increased 83% to $60.3 Million SANTA CLARA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2025. Net revenue in the first quarter of 2025 was $60.3 million, as compared to $33.0 million in the year ago quarter. 'Our Q1 revenue growth of 83% year-over-year highlights the strength of our business across our end markets,' said Rajesh Vashist, CEO and chairman of SiTime. "Customer enthusiasm for our newest products, including the Elite RF Super-TCXO and Symphonic mobile clock generator, underscore our Precision Timing leadership from the datacenter to the edge. We anticipate continued strong growth in Q2.' In the first quarter of 2025, GAAP gross profit was $30.3 million, or 50.3% of revenue, GAAP operating expenses were $58.4 million, GAAP loss from operations was $28.1 million, and GAAP net loss was $23.9 million, or $1.01 per diluted share. In the first quarter of 2025, non-GAAP gross profit was $34.6 million, or 57.4% of revenue, non-GAAP operating expenses were $32.5 million, non-GAAP income from operations was $2.1 million and non-GAAP net income was $6.3 million, or $0.26 per diluted share. Total cash, cash equivalents and short-term investments were $398.9 million on March 31, 2025. The first quarter of 2025 also included a payment of $5.0 million related to the Aura transaction. The company plans to discuss its business outlook as part of today's scheduled conference call. Use of Non-GAAP Financial Information This press release and its attachments include certain non-GAAP supplemental performance measures. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. SiTime believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to SiTime's financial condition and results of operations. SiTime believes that these non-GAAP financial measures provide additional insight into SiTime's ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods. These measures should only be used to evaluate SiTime's results of operations in conjunction with the corresponding GAAP measures. The non-GAAP financial measures exclude stock-based compensation expense, amortization of acquired intangibles, and acquisition-related expenses which include transaction and certain other cash costs associated with business acquisition as well as changes in the estimated fair value of earn out liabilities and accretion of acquisition consideration payable. The reconciliation between GAAP and non-GAAP financial results is provided in the financial statements portion of this release.
Forbes
07-05-2025
- Forbes
SiTime MEMS Clock Chip Enables Precision Timing In The AI-Fueled Mobile Era
SiT30100 Mobile Clock Generator SiTime As mobile devices continue to take on more complex tasks—from real-time navigation to AI-assisted imaging—precision system timing has become an increasingly critical element of overall performance. For years, timing in smartphones and IoT devices of all sorts has been handled by traditional quartz-based components. As I've covered previously, it's been like this for many decades. However, as devices shrink and workloads intensify, legacy solutions are starting to show their limitations. SiTime, a Silicon Valley company specializing in MEMS-based timing solutions — tiny mechanical structures built on silicon that deliver precise system clock timing with superior resilience to shock, vibration, and temperature fluctuations — is expanding its footprint to the mobile market with the introduction of its SiT30100 Symphonic clock generator. The SiT30100 is a compact, integrated timing device designed to support the growing demands of 5G connectivity, Global Navigation Satellite Systems, and intelligent edge processing. More importantly, it represents SiTime's latest move to bring MEMS technology to the center of mobile system design, representing a considerable opportunity in the market, from smartphones to the IoT, physical AI applications like robotics, and more. At just 2.22 mm², Symphonic is a highly integrated component that replaces multiple discrete timing devices with a single, configurable solution. It includes a built-in MEMS resonator and temperature-sensing circuitry, allowing for precise frequency control even under the wide thermal swings mobile devices, like smartphones on a summer beachfront, are exposed to, or mechanical stress. This kind of stability matters in mobile environments, where compact enclosures, heat buildup, and power-saving features all place unique demands on system clock timing solutions. MEMS timing components have been gaining traction in recent years, largely because they offer a combination of durability, programmability, and miniaturization that traditional quartz components can't match. SiTime has been one of the primary drivers of that transition, and Symphonic continues that trend by targeting a critical gap in the mobile and IoT design landscape—ultra-reliable, low-power timing in space-constrained environments. Rajesh Vashist, CEO And Chairman Of SiTime SiTime For mobile OEMs, the benefits go beyond footprint reduction. The SiT30100 supports up to four programmable outputs—frequencies like 76.8, 38.4, and 19.2 MHz—for use in 5G baseband, RF, and GNSS subsystems. It also includes system-level temperature compensation capabilities that allow for frequency stability down to ±0.5 parts per million, which can translate to faster GPS lock times, when you're trying to sync-up with that Uber ride, and better overall signal integrity for cellular communications. You can think of these types of timing solutions as the heartbeat of a mobile device or IoT platforms, keeping its various subsystems in sync and operating at top performance. 'Every generation of mobile devices becomes smarter, delivering greater functionality, personalization and automation,' said Rajesh Vashist, CEO and chairman of SiTime. 'Timing devices must withstand thermal and mechanical stressors as processing and connectivity speeds increase. Our newest mobile clock generator delivers the precision timing required for advanced connectivity of next-generation mobile devices.' While the SiTime's Symphonic series of clocks generators won't be a consumer-facing feature, it reflects a broader evolution in component selection priorities for system designers. As mobile platforms increasingly integrate AI capabilities, dense wireless protocols, and real-time environmental awareness, adaptable, precise and reliable clock and communications timing is becoming essential to delivering consistent performance and device responsiveness. SiTime's broader strategy aligns well with these market needs. The company is heavily invested in silicon MEMS timing as a replacement for legacy quartz solutions across a wide range of performance-sensitive systems, applications and use cases, and not just in smartphones. The SiT30100 is sampling now for customer design applications.
Business Wire
06-05-2025
- Business
- Business Wire
SiTime Symphonic Mobile Clock Generator Enables Advanced Wireless Connectivity
SANTA CLARA, Calif.--(BUSINESS WIRE)-- SiTime Corporation (NASDAQ: SITM), the Precision Timing company, today announced Symphonic ™, its first mobile clock generator with an integrated MEMS resonator (SiT30100). Symphonic provides accurate and resilient clock signals for 5G and GNSS chipsets and enables efficient power consumption in mobile and IoT devices such as smartphones, tablets, laptops, and asset trackers. This product unlocks a cumulative $2 billion served addressable market (SAM) in the next five years. 'Every generation of mobile devices becomes smarter, delivering greater functionality, personalization and automation,' said Rajesh Vashist, CEO and chairman of SiTime. 'Timing devices must withstand thermal and mechanical stressors as processing and connectivity speeds increase. Our newest mobile clock generator delivers the precision timing required for advanced connectivity of next-generation mobile devices.' The Symphonic clock generator has an integrated MEMS resonator and provides the functionality of up to four discrete timing devices. This approach simplifies system design, reducing space on the board. An integrated temperature sensor delivers accurate information that is used by compensation algorithms to provide superior stability. This enables better GPS accuracy and faster lock time at the system level, delivering a more stable performance under harsh environmental conditions. 'Ensuring that wireless and GPS protocol-dependent systems and services run reliably is essential for meeting the requirements of increasingly sophisticated wireless devices and use cases,' said Dave Altavilla, president and principal analyst at HotTech Vision & Analysis. 'SiTime's new clock generator is an example of how precision timing technology is a critical enabler of AI-first mobile experiences.' Symphonic key features (SiTime30100): 4-output clock generator providing 76.8 MHz, 38.4 MHz or 19.2 MHz from any output for baseband, RF and GNSS applications. Integrated MEMS resonator, which eliminates an external resonator, and provides a smaller, single-chip solution which is only 2.22 mm 2 in area. Integrated high-precision temperature-to-digital converter (TDC) with single-wire Universal Asynchronous Receiver/Transmitter (UART) interface for system-level temperature compensation to achieve frequency stability as low as ±0.5ppm. Superior performance and dynamic stability under airflow and thermal shock. Multiple Output Enable pins to turn on and off clock outputs for system power optimization and electromagnetic interference (EMI) reduction. -30°C to +90°C operating temperature range (contact SiTime for wider temperature ranges). Availability The Symphonic mobile clock generator is available now. Additional Resources Blog Product page About SiTime SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry. For more information, visit
Yahoo
09-04-2025
- Business
- Yahoo
SiTime Corporation to Announce First Quarter 2025 Financial Results on May 7, 2025
SANTA CLARA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, will announce its first quarter 2025 financial results on Wednesday, May 7, 2025, after market close. Rajesh Vashist, chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, May 7, 2025Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click Here Register for dial-in number: Click Here Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live audio webcast of the conference call will also be available and archived for approximately 90 days in the Events section of SiTime's Investor Relations website. About SiTime SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry. For more information, visit Investor Relations Contacts: Shelton GroupLeanne Sievers | Brett Perrysitm-ir@ SiTime CorporationBeth HoweChief Financial in to access your portfolio
Globe and Mail
09-04-2025
- Business
- Globe and Mail
SiTime Corporation to Announce First Quarter 2025 Financial Results on May 7, 2025
SANTA CLARA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, will announce its first quarter 2025 financial results on Wednesday, May 7, 2025, after market close. Rajesh Vashist, chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, May 7, 2025 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Live webcast: Click Here Register for dial-in number: Click Here Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live audio webcast of the conference call will also be available and archived for approximately 90 days in the Events section of SiTime's Investor Relations website. About SiTime SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry. For more information, visit Investor Relations Contacts:
