NVTS Q2 2024 Earnings — Navitas Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

NVTSNavitas Semiconductor Corporation

$2B

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$20M+13.3% YoY

Gross Profit

$8M39.0% margin

Operating Income

-$31M-152.1% margin

Net Income

-$22M-109.1% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

-11.7%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$18M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$439M

Total Liabilities

$51M

Stockholders' Equity

$388M

Cash & Equivalents

$112M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$20M	$18M	+13.3%
Gross Profit	$8M	$7M	+6.7%
Operating Income	-$31M	-$27M	-14.4%
Net Income	-$22M	-$59M	+61.9%