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Navitas Semiconductor Corp (NVTS)

For the quarter ending 2024-09-30, NVTS made $21,681K in revenue. -$18,730K in net income. Net profit margin of -86.39%.

Overview

Revenue
$21,681K
Net Income
-$18,730K
Net Profit Margin
-86.39%
EPS
-$0.1
Unit: Thousand (K) dollars

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2024-09-30
2024-06-30
Net revenues21,681 20,468
Selling, general and administrative15,040 15,382
Research and development17,828 18,971
Amortization of intangible assets4,717 4,774
Total operating expenses37,585 39,127
Cost of revenues (exclusive of amortization of intangible assets included below)13,069 12,478
Loss from operations-28,973 -31,137
Other income26 31
Dividend income1,210 1,361
Interest income (expense), net-39 -72
Gain (loss) from change in fair value of earnout liabilities9,171 7,550
Total other income (expense), net10,368 8,870
Income (loss) before income taxes-18,605 -22,267
Income tax provision (benefit)125 61
Net income (loss)-18,730 -22,328
Net income (loss) attributable to controlling interests-18,730 -22,328
Basic eps-0.1 -0.12
Diluted eps-0.1 -0.12
Basic average shares184,672,000 183,127,000
Diluted average shares184,672,000 183,127,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Net income (loss)attributable to controlling...-$18,730K Net income (loss)-$18,730K Gain (loss) fromchange in fair value of...$9,171K Dividend income$1,210K Other income$26K Income (loss) beforeincome taxes-$18,605K Income tax provision(benefit)$125K Total other income(expense), net$10,368K Interest income(expense), net-$39K Loss from operations-$28,973K Net revenues$21,681K Cost of revenues(exclusive of amortization...$13,069K Total operatingexpenses$37,585K Amortization of intangibleassets$4,717K Research and development$17,828K Selling, general andadministrative$15,040K