NVTS Q3 2023 Earnings — Navitas Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

NVTSNavitas Semiconductor Corporation

$2B

Q3 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$22M+114.6% YoY

Gross Profit

$7M32.3% margin

Operating Income

-$29M-130.3% margin

Net Income

$8M34.2% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+21.7%

Cash Flow

Operating Cash Flow

-$244,000

Free Cash Flow

-$2M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$494M

Total Liabilities

$91M

Stockholders' Equity

$403M

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$22M	$10M	+114.6%
Gross Profit	$7M	$391,000	+1715.9%
Operating Income	-$29M	-$37M	+23.5%
Net Income	$8M	-$33M	+123.1%