{"schema_version":"secwatch.filing_event.v1","accession":"0001821769-23-000087","form_type":"8-K","ticker":"NVTS","cik":"0001821769","company_name":"Navitas Semiconductor Corp","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.867630+00:00","generated_at":"2026-06-15T01:28:57.193017+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Navitas Q1 revenue $13.4M, doubles YoY; GAAP gross margin 41.1%; sees Q2 revenue $16-17M","bullets":["Revenue $13.4M for Q1 2023, ~100% YoY growth and +8% QoQ.","GAAP gross margin 41.1%, up from 40.6% Q4 2022; GAAP loss from ops $35.5M.","GAAP loss per share $(0.39); non-GAAP loss per share $(0.07).","Q2 2023 revenue guidance $16-17M; full-year 2023 revenue still expected to double YoY.","Customer pipeline $760M; backlog grew 50% in quarter; strong growth in EV, solar, data center."],"urls":{"canonical":"https://secwatch.observer/filing/0001821769-23-000087","json":"https://secwatch.observer/filing/0001821769-23-000087.json","markdown":"https://secwatch.observer/filing/0001821769-23-000087.md","text":"https://secwatch.observer/filing/0001821769-23-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/0001821769-23-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/i-20230515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:28:57.193017+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"038c4ded7496d53ece127bc64d4d84630fa6606c","claim":"Navitas Semiconductor Corp reported first quarter ended March 31, 2023 results: revenue Net revenues for the first quarter of 2023 increased to $13.4 million, EPS GAAP loss per diluted share was $(0.39), Non-GAAP loss per diluted share was $(0.07).","evidence_excerpt":"Net revenues for the first quarter of 2023 increased to $13.4 million, approximately double from the first quarter of 2022 and up 8% from the fourth quarter of 2022. GAAP and non-GAAP gross margin for the first quarter of 2023 increased to 41.1%, compared to 40.6% for the fourth quarter of 2022. GAAP loss from operations for the first quarter was $35.5 million, compared to a loss of $31.3 million in the fourth quarter of 2022. On a non-GAAP basis the loss from operations for the quarter was $12.3 million, consistent with fourth quarter 2022 performance. GAAP loss per diluted share was $(0.39), compared to a GAAP income of $0.61 per diluted share in the first quarter of 2022. Non-GAAP loss per diluted share was $(0.07), compared to a non-GAAP loss of $(0.08) per diluted share in the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/0001821769-23-000087-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"Net revenues for the first quarter of 2023 increased to $13.4 million"},{"label":"EPS","value":"GAAP loss per diluted share was $(0.39), Non-GAAP loss per diluted share was $(0.07)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7c9060214b05346da8bc561ac50f144c48e3e249","claim":"Navitas Semiconductor Corp reported Second quarter 2023 results: revenue expected to increase in the range of $16 million to $17 million. Guidance initiated.","evidence_excerpt":"Second quarter 2023 net revenues are expected to increase in the range of $16 million to $17 million, and full-year 2023 revenue is still expected to double compared to 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/0001821769-23-000087-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Second quarter 2023"},{"label":"Revenue","value":"expected to increase in the range of $16 million to $17 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}