NVTS Q1 2024 Earnings — Navitas Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

NVTSNavitas Semiconductor Corporation

$2B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$23M+73.5% YoY

Gross Profit

$10M41.1% margin

Operating Income

-$32M-136.2% margin

Net Income

-$4M-15.9% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

-11.1%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$23M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$468M

Total Liabilities

$70M

Stockholders' Equity

$398M

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$13M	+73.5%
Gross Profit	$10M	$5M	+73.5%
Operating Income	-$32M	-$35M	+11.0%
Net Income	-$4M	-$62M	+94.0%