NVTS Q3 2024 Earnings — Navitas Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

NVTSNavitas Semiconductor Corporation

$2B

Q3 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$22M-1.4% YoY

Gross Profit

$9M39.7% margin

Operating Income

-$29M-133.6% margin

Net Income

-$19M-86.4% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

-$14M

Free Cash Flow

-$14M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$419M

Total Liabilities

$39M

Stockholders' Equity

$381M

Cash & Equivalents

$99M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$22M	$22M	-1.4%
Gross Profit	$9M	$7M	+21.3%
Operating Income	-$29M	-$29M	-1.1%
Net Income	-$19M	$8M	-349.1%