Navitas Semiconductor Corporation (NVTS) Reports In-Line Q1 EPS
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Navitas Semiconductor, Industry-Leader in Gallium Nitride (GaN) Power ICs, Announces First Quarter 2022 Financial Results
May 12, 2022 4:15 PM EDTFirst GaN power company to ship over 50 million units; leads fast & ultra-fast charger marketNew strategic customers include Samsung, vivo and MotorolaFirst semiconductor company certified CarbonNeutral
EL SEGUNDO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in GaN Power ICs, today announced unaudited financial results for the first quarter ended March 31, 2022.Net revenues for the quarter increased to $6.7 million, up 27% from the first quarter of 2021. GAAP gross margin for the quarter was 44.0%.
GAAP loss from operations for the quarter was $35.0... More
