CORRECTION - Navitas Semiconductor, Industry-Leader in Gallium Nitride (GaN) Power ICs, Announces First Quarter 2022 Financial Results
Navitas Semiconductor Corporation (NVTS)
Company Research
Source: GlobeNewswire
[An earlier version of this press release contained a typographical error in the Business Outlook section—Navitas’ gross margin guidance for Q2 2022 and gross margin guidance for full year 2022 were inadvertently reversed. The error is corrected in this version.] First GaN power company to ship over 50 million units; leads fast & ultra-fast charger market New strategic customers include Samsung, vivo and Motorola First semiconductor company certified CarbonNeutral™ EL SEGUNDO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in GaN Power ICs, today announced unaudited financial results for the first quarter ended March 31, 2022. Net revenues for the quarter increased to $6.7 million, up 27% from the first quarter of 2021. GAAP gross margin for the quarter was 44.0%. GAAP loss from operations for the quarter was $35.0 million, compared to a loss of $7.3 million in Q1 2021. On a non-GAAP basis, loss from operations fo
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NVTS
Sec Filings
- 4/3/24 - Form 144
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- NVTS's page on the SEC website