SiTime Corporation (NASDAQ:SITM) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Brett Perry - Shelton Group IR

Rajesh Vashist - CEO

Art Chadwick - CFO

Conference Call Participants

Tore Svanberg - Stifel

Quinn Bolton - Needham & Company

Suji Desilva - ROTH MKM

Doug O'Laughlin - Fabricated Knowledge

Tore Svanberg - Stifel

Chris Caso - Wolfe Research

Operator

Good afternoon, and welcome to SiTime's Third Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference call is being recorded today, Wednesday, November 1, 2023.

I would now like to turn the call over to Brett Perry with Shelton Group Investor Relations. Brett, please go ahead.

Brett Perry

Thank you. Good afternoon, and welcome to SiTime's third quarter 2023 financial results conference call. Joining us on today's call from SiTime are Rajesh Vashist, Chief Executive Officer; and Art Chadwick, Chief Financial Officer.

Before we begin, I'd like to point out that during the course of this call, the company may make forward-looking statements regarding expected future results, including financial position, strategy and plans, future operations, the timing market and other areas of discussion. It's not possible for the company's management, to predict all risks nor can the company assess, the impact of all factors on its business, or the extent to which any factor or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

In light of these risks, uncertainties and assumptions, the forward-looking events discussed during this call may not occur, and actual results could differ materially and adversely from those anticipated, or implied. Neither the company, nor any person assumes responsibility, for the accuracy and completeness of forward-looking statements.

The company undertakes no obligation, to publicly update forward-looking statements for any reason at the date of this call, to conform statements to actual results, or to changes in the company's expectations. For more detailed information on risks associated with the business, we refer you to the risk factors described in the 10-K filed on February 27, 2023, as well as the company's subsequent filings with the SEC.

Also during the call, we'll refer to certain non-GAAP financial measures, which are considered, to be an important measure of company performance. These non-GAAP financial measures, are provided in addition to and not as a substitute for, or superior to measures of financial performance, prepared in accordance with U.S. GAAP. The only difference between reported GAAP and non-GAAP results, is stock-based compensation expense. Please refer to the company's press release issued today for a detailed reconciliation between GAAP and non-GAAP financial results.