| SiTime Corporation | |||||||
| Unaudited Reconciliation of Non-GAAP Adjustments | |||||||
| Three Months Ended | |||||||
|
June 30,
2024 |
March 31,
2024 | ||||||
| (in thousands, except per share data) | |||||||
| Reconciliation of GAAP gross profit and margin to non-GAAP | |||||||
| Revenue | $ | 43,866 | $ | 33,022 | |||
| GAAP gross profit | 21,523 | 17,661 | |||||
| GAAP gross margin | 49.1 | % | 53.5 | % | |||
| Amortization of acquired intangibles | 3,463 | 1,284 | |||||
| Stock-based compensation | 327 | 179 | |||||
| Non-GAAP gross profit | $ | 25,313 | $ | 19,124 | |||
| Non-GAAP gross margin | 57.7 | % | 57.9 | % | |||
| Reconciliation of GAAP operating expenses to non-GAAP | |||||||
| GAAP research and development expenses | $ | 25,490 | $ | 25,544 | |||
| Stock-based compensation | (9,414 | ) | (9,177 | ) | |||
| Non-GAAP research and development expenses | $ | 16,076 | $ | 16,367 | |||
| GAAP sales, general and administrative expenses | $ | 25,190 | $ | 23,913 | |||
| Stock-based compensation | (13,176 | ) | (12,347 | ) | |||
| Acquisition related integration costs | — | (550 | ) | ||||
| Non-GAAP sales, general and administrative expenses | $ | 12,014 | $ | 11,016 | |||
| GAAP acquisition related costs | $ | 3,163 | $ | 3,242 | |||
| Acquisition related costs | (3,163 | ) | (3,242 | ) | |||
| Non-GAAP acquisition related costs | $ | — | $ | — | |||
| Total Non-GAAP operating expenses | $ | 28,090 | $ | 27,383 | |||
| Reconciliation of GAAP loss from operations to non-GAAP loss from operations | |||||||
| GAAP loss from operations | $ | (32,320 | ) | $ | (35,038 | ) | |
| Acquisition related costs | 3,163 | 3,242 | |||||
| Acquisition related integration costs | — | 550 | |||||
| Amortization of acquired intangibles | 3,463 | 1,284 | |||||
| Stock-based compensation | 22,917 | 21,703 | |||||
| Non-GAAP loss from operations | $ | (2,777 | ) | $ | (8,259 | ) | |
| Non-GAAP loss from operations as a percentage of revenue | (6.3 | %) | (25.0 | %) | |||
| Reconciliation of GAAP net loss to non-GAAP net income (loss) | |||||||
| GAAP net loss | $ | (26,769 | ) | $ | (28,704 | ) | |
| Acquisition related costs | 3,163 | 3,242 | |||||
| Acquisition related integration costs | — | 550 | |||||
| Amortization of acquired intangibles | 3,463 | 1,284 | |||||
| Stock-based compensation | 22,917 | 21,703 | |||||
| Non-GAAP net income (loss) | $ | 2,774 | $ | (1,925 | ) | ||
| Weighted-average shares used to compute diluted net income (loss) per share | 22,997 | 22,765 | |||||
| GAAP net loss per share diluted | $ | (1.16 | ) | $ | (1.26 | ) | |
| Non-GAAP adjustments detailed above | 1.28 | 1.18 | |||||
| Non-GAAP net income (loss) per share diluted | $ | 0.12 | $ | (0.08 | ) | ||
