NasdaqGM:NVTSSemiconductor
Navitas Semiconductor (NVTS) Stock Sinks As Losses Drown High Power Momentum
Navitas Semiconductor holders woke up to a reality check. The stock slid about 12% today and is down sharply over the past month, even as the latest quarter delivered both revenue progress and a fresh reminder of the profit squeeze. Q2 revenue reached US$10.5 million, yet the company booked a net loss of US$228.2 million and a basic earnings per share loss of US$0.95, keeping the focus firmly on the path to sustainable margins.
In the short term, the market is punishing the stock. Over a...