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SiTime Corporation
Unaudited GAAP Condensed Consolidated Balance Sheets | |||||||
| As of | |||||||
| September 30, 2024 | December 31, 2023 | ||||||
| (in thousands) | |||||||
| Assets: | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 8,489 | $ | 9,468 | |||
| Short-term investments in held-to-maturity securities | 426,307 | 518,733 | |||||
| Accounts receivable, net | 30,175 | 21,861 | |||||
| Inventories | 71,880 | 65,539 | |||||
| Prepaid expenses and other current assets | 8,894 | 7,641 | |||||
| Total current assets | 545,745 | 623,242 | |||||
| Property and equipment, net | 69,689 | 54,685 | |||||
| Intangible assets, net | 167,395 | 177,079 | |||||
| Right-of-use assets, net | 6,927 | 8,262 | |||||
| Goodwill | 87,098 | 87,098 | |||||
| Other assets | 1,049 | 1,317 | |||||
| Total assets | $ | 877,903 | $ | 951,683 | |||
| Liabilities and Stockholders' Equity: | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 17,944 | $ | 8,690 | |||
| Accrued expenses and other current liabilities | 76,976 | 112,704 | |||||
| Total current liabilities | 94,920 | 121,394 | |||||
| Other non-current liabilities | 86,748 | 122,237 | |||||
| Total liabilities | 181,668 | 243,631 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity: | |||||||
| Common stock | 2 | 2 | |||||
| Additional paid-in capital | 859,421 | 796,450 | |||||
| Accumulated deficit | (163,188 | ) | (88,400 | ) | |||
| Total stockholders’ equity | 696,235 | 708,052 | |||||
| Total liabilities and stockholders’ equity | $ | 877,903 | $ | 951,683 | |||
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