---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-24-000058"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:51:50.626861+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navitas Q1 revenue up 73% YoY to $23.2M; non-GAAP loss narrows to $11.8M

## Summary
- Revenue $23.2M (+73% YoY); GAAP loss from ops $31.6M improved from $35.5M; non-GAAP loss $11.8M from $12.3M.
- Customer pipeline grew to $1.6B; over 160 EV-related customers, 30+ data center projects, 450+ mobile fast chargers.
- Q2 revenue guidance $20M±$0.5M; non-GAAP gross margin ~40%; non-GAAP opex ~$21.5M.
- Cash and equivalents $129.7M at quarter end; potential 10-Q filing delay of one day due to stock-compensation control processes.

## SEC filing metadata
- accession: 0001821769-24-000058
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000058/0001821769-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000058/i-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-24-000058
- JSON: https://secwatch.observer/filing/0001821769-24-000058.json
- Plain text: https://secwatch.observer/filing/0001821769-24-000058.txt

## Key facts
- Earnings Releases
  Navitas Semiconductor Corp reported the first quarter ended March 31, 2024 results: revenue $23.2 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $23.2 million
  - Result: reported results
  source text: has grown to $1.6 billion – shows that future demand for electrification and energy savings is stronger than ever.” 1Q24 Financial Highlights • Revenue: Total revenue grew to $23.2 million in the first quarter of 2024, a 73% increase from $13.4 million in the first quarter of 2023. • Loss from Operations: GAAP loss from operations for the quarter was $31.6 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000058/0001821769-24-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.