NVTS Q2 2023 Earnings — Navitas Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

NVTSNavitas Semiconductor Corporation

$2B

Q2 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$18M+109.8% YoY

Gross Profit

$7M41.5% margin

Operating Income

-$27M-150.7% margin

Net Income

-$59M-324.0% margin

EPS (Diluted)

$-0.35

QoQ Revenue Growth

+35.2%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$10M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$499M

Total Liabilities

$116M

Stockholders' Equity

$383M

Cash & Equivalents

$178M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$18M	$9M	+109.8%
Gross Profit	$7M	$4M	+108.9%
Operating Income	-$27M	-$20M	-36.0%
Net Income	-$59M	$34M	-273.0%