Navitas Semiconductor Third Quarter 2023 Earnings: Beats Expectations

Navitas Semiconductor (NASDAQ:NVTS) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$22.0m (up 115% from 3Q 2022).
• Net income: US$7.52m (up from US$32.6m loss in 3Q 2022).
• Profit margin: 34% (up from net loss in 3Q 2022).
• EPS: US$0.043 (up from US$0.23 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Navitas Semiconductor Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Navitas Semiconductor.

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