secwatch.observer — SEC 8-K summary
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Issuer:     Navitas Semiconductor Corp (NVTS)
CIK:        0001821769
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001821769-23-000131
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Navitas Q2 revenue $18.1M (+110% YoY); customer pipeline tops $1B
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- Revenue $18.1M vs $8.6M in Q2 2022 (+110% YoY) and $13.4M in Q1 2023 (+35% QoQ).
- GAAP gross margin 41.5%, flat YoY; GAAP operating loss $27.2M; non-GAAP op. loss $9.6M.
- Customer pipeline grew 30% to over $1B, with growth across EV, data center, and solar.
- Q3 guidance: revenue ~$21M (+/-2%), gross margin flat, opex $18.5-19.5M (ex-stock comp).
- Cumulative shipments surpass 100M GaN and 12M SiC devices; Investor Day Nov 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821769/000182176923000131/0001821769-23-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821769/000182176923000131/i-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001821769-23-000131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer