Navitas Semiconductor Corp

Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. Its GaN power ICs integrate GaN power with drive, control and protection to enable charging, power density, and energy savings for mobile, consumer, enterprise, eMobility and new energy markets. The company was founded on August 12, 2020 and is headquartered in Torrance, CA.

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Navitas Semiconductor excels in Q4, eyes revenue doubling in 2023

Navitas Semiconductor delivered strong financial performance in Q4 and full-year 2022, positioning for continued growth in 2023.
Despite challenges in the mobile market and program delays, the company's strategic strengths and opportunities signal long-term potential.
Focus on diversification, innovation, and partnerships is key to navigating market dynamics and driving future success.
With a solid financial position, expanding market opportunities, and improving margins, Navitas is poised for sustained growth and competitiveness.

Navitas Semiconductor Corp surpasses Q1 expectations, eyes growth in EV and industrial markets

Navitas Semiconductor Corp delivered strong Q1 results, highlighted by exceeding guidance and strategic advancements in key markets. The company's focus on next-generation products like GaN and silicon carbide positions it for future success. While facing challenges in maintaining competitive positioning, Navitas has opportunities to leverage its technology in high-growth sectors.

Navitas Semiconductor posts stellar Q2 results, eyes growth opportunities

Navitas Semiconductor reported strong Q2 performance with revenue growth, margin improvement, and a growing customer pipeline, underpinning its market position and growth prospects.
While facing challenges such as margin moderation and cost pressures, the company remains well-positioned to leverage opportunities in electric vehicles, renewables, and mobile markets.
With a focus on innovation and capacity expansion, Navitas is poised to capitalize on the increasing demand for its GaN and silicon carbide technologies, driving future revenue growth and market penetration.

Navitas Semiconductor achieves record Q3 earnings, poised for growth

Navitas Semiconductor Corp delivered exceptional financial performance in Q3 2023, marked by record revenues, improved gross margins, and a strong growth outlook for 2023.
Despite facing challenges in certain market segments and product transitions, the company's strategic focus on new technologies and market diversification positions it well for future growth and industry leadership.
With a robust product portfolio, key partnerships, and a solid financial foundation, Navitas is poised to capitalize on market opportunities, drive innovation, and maintain its growth trajectory in the semiconductor industry.

Navitas Semiconductor excels in Q4 earnings, eyes growth opportunities

Navitas Semiconductor delivered impressive financial results in Q4 2023, surpassing revenue guidance and achieving significant annual revenue growth, with a positive outlook for 2024.
The company's strengths in key markets, innovative technologies, and strategic partnerships position it well for future growth, despite facing challenges in maintaining margins and meeting revenue projections.
With a focus on GaN and silicon carbide technologies, balanced revenue growth across end markets, and opportunities in emerging sectors, Navitas Semiconductor is poised for continued success and market expansion.

Navitas Semiconductor Corp reports stellar Q1 growth, eyes future profitability

Navitas Semiconductor Corp delivered robust Q1 results with substantial revenue growth attributed to GaN technology adoption. While facing challenges in operational losses and moderated growth expectations for 2024, the company remains optimistic about future revenue prospects and profitability milestones. Navitas is strategically positioned to capitalize on market opportunities and drive continued innovation in GaN technology applications.

Navitas Semiconductor reports robust Q2 growth across key markets

Navitas Semiconductor Corp delivered strong Q2 results, meeting revenue guidance and showcasing a 40% year-on-year increase. The company's focus on GaN and silicon carbide technologies is driving growth across key markets, including AI data centers, electric vehicles, and mobile fast charging.
Despite facing challenges in a competitive industry landscape and operational complexities, Navitas' technological leadership, strong customer relationships, and strategic design wins position it for continued success. The company's emphasis on efficiency and innovation bodes well for future growth and market expansion.
Navitas Semiconductor has a range of opportunities to capitalize on, from expanding in the AI data center and electric vehicle markets to diversifying revenue streams in appliance and industrial segments. By leveraging its strengths and addressing challenges effectively, Navitas is poised to sustain its revenue growth and market leadership.

Navitas Semiconductor Corp achieves record Q3 revenue amidst market challenges

Navitas Semiconductor Corp's Q3 performance reflects strong revenue growth and strategic advancements in key markets. While facing near-term challenges, the company is focused on optimizing costs and capitalizing on growth opportunities in mobile, EV, and AI data centers. With a clear market focus and strategic partnerships, Navitas is poised for future growth.

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Navitas Semiconductor has experienced significant sales growth and is investing in the growing electric vehicle market and power grid. The company is raising capital through share offerings and making strategic investments in manufacturing and product development. Despite potential risks such as technology obsolescence and supply chain disruptions, I considered Navitas stock a favorable investment for growth-oriented investors.

Navitas Semiconductor: The Future Looks Favorable In The Growing Market

Navitas has been on fire this year (over 150% returns YTD); we highlight why this is one of the most exciting stories in the semi universe. Despite high forward valuation multiples, Navitas' expected revenue growth of 95% over the next three years comfortably outpaces competitors in the GaN and SiC markets. Investors should be cautious of potential risks, including the dilution effect, long sales cycles, and its elevated exposure to China.

Key Considerations For Those Contemplating A Position In Navitas Semiconductor

Executives to review $760M customer pipeline, recently completed $92M equity offering Executives to review $760M customer pipeline, recently completed $92M equity offering

Navitas Semiconductor to Participate in Upcoming London Roth Conference

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Navitas to Present Next-Gen GaN & SiC Semiconductors at Taiwan Investor Meeting

TORRANCE, Calif., June 05, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS) today announced, in connection with its previously announced public offering of 10,000,000 shares of its Class A common stock, the full exercise by the underwriters of their option to purchase 1,500,000 additional shares of Class A common stock at the public offering price of $8.00 per share, resulting in additional gross proceeds to Navitas of $12.0 million, before deducting underwriting discounts and commissions and offering expenses. After giving effect to the full exercise of the option to purchase additional shares, the total number of shares sold by Navitas in the offering increased to 11,500,000 shares. Aggregate gross proceeds, before deducting underwriting discounts and commissions and offering expenses, were $92.0 million. The issuance and sale of the additional shares closed on June 5, 2023.

Navitas Semiconductor Announces Full Exercise of Underwriters' Option to Purchase Additional Shares

TORRANCE, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in next-generation power semiconductors, announced the first in a series of strategic manufacturing investments, to increase control, reduce costs and enhance revenue capacity for its GeneSiC silicon carbide (SiC) power semiconductors.

Navitas Initiates Strategic Manufacturing Investments

Navitas shares soared on a big earnings beat last week. Today, the semiconductor maker is giving most of its gains back as investors react to a big -- and dilutive -- share issuance.

Why Navitas Semiconductor Stock Just Crashed 23%

TORRANCE, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation power semiconductors, announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $8.00 per share. All of the shares in the offering are being offered by Navitas. The gross proceeds to Navitas from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $80.0 million. In addition, Navitas has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on May 26, 2023, subject to the satisfaction of customary closing conditions.

Navitas Semiconductor Announces Pricing of Public Offering of Class A Common Stock

TORRANCE, Calif., May 23, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation power semiconductors, announced today that it has commenced an underwritten public offering of $80.0 million of shares of its Class A common stock. All of the shares in the proposed offering are being offered by Navitas. In addition, Navitas intends to grant the underwriters a 30-day option to purchase up to an additional $12.0 million of shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Navitas Semiconductor Announces Proposed Public Offering of Class A Common Stock

Establishes Navitas as emerging leader in high-growth, next-gen power semiconductors with gallium nitride (GaN) and silicon carbide (SiC) Establishes Navitas as emerging leader in high-growth, next-gen power semiconductors with gallium nitride (GaN) and silicon carbide (SiC)

Navitas Semiconductor to be Added to Russell 3000® Index

Navitas' Q1 2023 earnings report was cheered by the market, but there are issues investors should be aware of. Next-gen power management chips are a growth market, but small start-ups like this one may not be the best ones to bet on for long-term investors.

Chips Used in EVs and Power Are Hot -- Is Fast-Growing Navitas Semiconductor Stock a Buy in This Niche?

Does Navitas Semiconductor Corporation (NVTS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Navitas Semiconductor Corporation (NVTS) Is Up 2.63% in One Week: What You Should Know

Navitas' GeneSiC™ silicon carbide (SiC) MOSFETs increase efficiency and reduce temperature in Exide Technologies' industrial EV high-frequency chargers Navitas' GeneSiC™ silicon carbide (SiC) MOSFETs increase efficiency and reduce temperature in Exide Technologies' industrial EV high-frequency chargers

Navitas' Next-gen SiC Power Semis Adopted in Industrial Chargers from Exide Technologies

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Navitas beat expectations on both the top and bottom lines last night. Sales doubled in Q1, and management forecast another double for full-year sales.

Why Navitas Semiconductor Stock Soared 16% Today

Navitas Semiconductor Corporation (NASDAQ:NVTS ) Q1 2023 Earnings Conference Call May 15, 2023 5:00 PM ET Company Participants Stephen Oliver - Vice President of Corporate Marketing and Investor Relations Gene Sheridan - Chief Executive Officer Ron Shelton - Chief Financial Officer Conference Call Participants Ross Seymore - Deutsche Bank Kevin Cassidy - Rosenblatt Securities Tristan Gerra - Robert W. Baird & Co. Quinn Bolton - Needham & Company Ross Kesselman - CJS Securities Natalia Winkler - Jefferies Group LLC Richard Shannon - Craig-Hallum Capital Group LLC Operator Good afternoon.

Navitas Semiconductor Corporation (NVTS) Q1 2023 Earnings Call Transcript

5th-gen GeneSiC™ silicon carbide (SiC) diodes deliver high-speed, high-efficiency performance with proprietary 'low-knee' technology for cool operation 5th-gen GeneSiC™ silicon carbide (SiC) diodes deliver high-speed, high-efficiency performance with proprietary 'low-knee' technology for cool operation

Navitas New 650 V MPS™ SiC Diodes Deliver Highest Efficiency and Superior Robustness for Data Center, Industrial, Solar and TV

Pioneers of SiC technology “Electrify Our World™” and enable expanded applications ranging from 10s kW to MW in rail, EV, industry, solar, wind and energy storage Pioneers of SiC technology “Electrify Our World™” and enable expanded applications ranging from 10s kW to MW in rail, EV, industry, solar, wind and energy storage

Navitas Launches into High-Power Markets with GeneSiC SiCPAK™ Modules and Accelerates Bare-Die Sales

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TORRANCE, Calif., May 01, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report first quarter 2023 financial results after the market close on Monday, May 15th, 2023. Management will host a conference call and live webcast to present the company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific / 5:00 p.m. Eastern that same evening.

Navitas Semiconductor to Report Q1 2023 Financial Results on Monday, May 15th, 2023

Global Deal Sees Mouser Stock Full Navitas Range of GaN and SiC Power ICs Designed to Address Potential $22 Billion Market Global Deal Sees Mouser Stock Full Navitas Range of GaN and SiC Power ICs Designed to Address Potential $22 Billion Market

Navitas Agreement with Mouser Electronics Covers Complete Portfolio of Wide Band-Gap Semiconductors

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Revenue for 2022 increased 60% to $38 million, 2X growth is expected in 2023.

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