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Sep 30, 2021
Navitas Semiconductor Q3 2021 Earnings Report
Navitas Semiconductor's financial results for Q3 2021 were announced, showing revenue growth and strategic advancements.
Key Takeaways
Navitas Semiconductor reported Q3 2021 net revenues of $5.6 million, a 61% increase from Q3 2020. The company's GAAP net loss was $9.5 million, or $0.57 per share, while the non-GAAP net loss was $6.6 million, or $0.39 per share. The company completed its de-SPAC business combination with over $250 million in cash to support growth.
Net revenues increased by 61% compared to Q3 2020.
GAAP net loss was $9.5 million, or $0.57 per share.
Non-GAAP net loss was $6.6 million, or $0.39 per share.
Completed business combination with over $250 million in cash to support growth.
Forward Guidance
The company expects Q4 2021 revenues to be $7.4 million, plus or minus five percent, representing approximately 60% growth compared to Q4 2020. GAAP and non-GAAP gross margin is expected to be approximately 44 percent for the quarter. GAAP operating expenses are expected to be approximately $16 million. Non-GAAP operating expenses are expected to exclude approximately $6 million, the majority of which reflect stock-based compensation. We expect our basic and diluted share count in Q4 to be approximately 97 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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