earnings
confidence high
sentiment negative
materiality 0.75
Navitas Q4 revenue $18M (-31% YoY); FY24 revenue $83.3M (+5%); Q1 guidance $13-15M
Navitas Semiconductor Corp
2024-FY EPS reported
-$0.46
revenue$83,302,000
- GAAP operating loss Q4 $39M vs $26.8M YoY; non-GAAP loss $12.7M vs $9.7M YoY.
- FY24 GAAP operating loss $130.7M vs $118.1M; non-GAAP loss $49.7M vs $40.3M.
- Cash $86.7M; record design-wins $450M; customer pipeline up 92% to $2.4B.
- Data center pipeline $165M (+100% YoY); over 40 EV wins; GaN revenue record.
- Q1 2025 guidance: revenue $13-15M, non-GAAP gross margin ~38%, opex ~$18M.