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Stock impact report

Navitas Semiconductor Corp (NVTS) Reports Record Revenue Growth in Q4 and Full Year 2023 [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
Gross Margin : Improved to 42.2% in Q4, up from 40.6% in the same period last year. Operating Loss : Decreased to $26.8 million in Q4 from $31.2 million in Q4 2022. Cash Position : Strong liquidity with $152.8 million in cash and cash equivalents as of December 31, 2023. Warning! GuruFocus has detected 3 Warning Signs with NVTS. On February 29, 2024, Navitas Semiconductor Corp ( NASDAQ:NVTS ) released its 8-K filing , announcing unaudited financial results for the fourth quarter and full year ended December 31, 2023. The company, known for its ultra-efficient gallium nitride (GaN) semiconductors, has reported significant revenue growth and improved gross margins, reflecting its expanding influence in the semiconductor industry. Company Overview Navitas Semiconductor Corp develops cutting-edge GaN power ICs that are transforming power electronics across various sectors. With a focus on fast charging, high power density, and energy savings, Navitas caters to a diverse range Show less Read more
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