|
SiTime Corporation
Unaudited Reconciliation of Non-GAAP Adjustments | |||||||
| Three Months Ended | |||||||
| September 30, 2024 | June 30, 2024 | ||||||
| (in thousands, except per share data) | |||||||
| Reconciliation of GAAP gross profit and margin to non-GAAP | |||||||
| Revenue | $ | 57,698 | $ | 43,866 | |||
| GAAP gross profit | 29,467 | 21,523 | |||||
| GAAP gross margin | 51.1 | % | 49.1 | % | |||
| Amortization of acquired intangibles | 3,573 | 3,463 | |||||
| Stock-based compensation | 495 | 327 | |||||
| Non-GAAP gross profit | $ | 33,535 | $ | 25,313 | |||
| Non-GAAP gross margin | 58.1 | % | 57.7 | % | |||
| Reconciliation of GAAP operating expenses to non-GAAP | |||||||
| GAAP research and development expenses | $ | 26,489 | $ | 25,490 | |||
| Stock-based compensation | (9,392 | ) | (9,414 | ) | |||
| Non-GAAP research and development expenses | $ | 17,097 | $ | 16,076 | |||
| GAAP sales, general and administrative expenses | $ | 25,359 | $ | 25,190 | |||
| Stock-based compensation | (12,925 | ) | (13,176 | ) | |||
| Non-GAAP sales, general and administrative expenses | $ | 12,434 | $ | 12,014 | |||
| GAAP acquisition related costs | $ | 2,482 | $ | 3,163 | |||
| Acquisition related costs | (2,482 | ) | (3,163 | ) | |||
| Non-GAAP acquisition related costs | $ | — | $ | — | |||
| Total Non-GAAP operating expenses | $ | 29,531 | $ | 28,090 | |||
| Reconciliation of GAAP loss from operations to non-GAAP loss from operations | |||||||
| GAAP loss from operations | $ | (24,863 | ) | $ | (32,320 | ) | |
| Acquisition related costs | 2,482 | 3,163 | |||||
| Amortization of acquired intangibles | 3,573 | 3,463 | |||||
| Stock-based compensation | 22,812 | 22,917 | |||||
| Non-GAAP income (loss) from operations | $ | 4,004 | $ | (2,777 | ) | ||
| Non-GAAP income (loss) from operations as a percentage of revenue | 6.9 | % | (6.3 | %) | |||
| Reconciliation of GAAP net loss to non-GAAP net income (loss) | |||||||
| GAAP net loss | $ | (19,315 | ) | $ | (26,769 | ) | |
| Acquisition related costs | 2,482 | 3,163 | |||||
| Amortization of acquired intangibles | 3,573 | 3,463 | |||||
| Stock-based compensation | 22,812 | 22,917 | |||||
| Non-GAAP net income | $ | 9,552 | $ | 2,774 | |||
| Weighted-average shares used to compute diluted net income (loss) per share | 24,059 | 22,997 | |||||
| GAAP net loss per share diluted | $ | (0.83 | ) | $ | (1.16 | ) | |
| Non-GAAP adjustments detailed above | 1.23 | 1.28 | |||||
| Non-GAAP net income per share diluted | $ | 0.40 | $ | 0.12 | |||
