secwatch.observer — SEC 8-K summary
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Issuer:     Navitas Semiconductor Corp (NVTS)
CIK:        0001821769
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001821769-25-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Navitas Q1 revenue $14.0M, down 40% YoY; Q2 guidance $14-15M
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- Revenue $14.0M vs $23.2M YoY and $18.0M prior quarter.
- GAAP loss from ops $25.3M; non-GAAP loss $11.8M (flat YoY).
- Cash $75.1M as of March 31, 2025.
- Q2 revenue guidance $14.0-15.0M; non-GAAP gross margin ~38.5%.
- Over 250M GaN devices shipped since 2018; $450M design wins in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821769/000182176925000063/0001821769-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821769/000182176925000063/i-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001821769-25-000063

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