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Video game TORRANCE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2024.
Key Points:
- TORRANCE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2024.
- On a non-GAAP basis, loss from operations for the quarter was $11.8 million compared to a loss of $12.3 million for the first quarter of 2023.
- Navitas Q1 2024 Financial Results Conference Call and Webcast Information:
Toll Free Dial-in: (800) 715-9871 or (646) 307-1963, Conference ID: 4587273
Our quarterly report on Form 10-Q for the period ended March 31, 2024 is due to be filed with the SEC on May 10, 2024.
- Each of these non-GAAP financial measures are adjusted from GAAP results to exclude certain expenses which are outlined in the “Reconciliation of GAAP Results to Non-GAAP Financial Measures” tables below.
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Ernst & Young LOS ANGELES, May 08, 2024 (GLOBE NEWSWIRE) -- Ernst & Young LLP (EY US) today announced that Gene Sheridan, CEO and co-founder of Navitas Semiconductor (Nasdaq:NVTS) was named an Entrepreneur Of The Year® 2024 Greater Los Angeles Award finalist.
Key Points:
- LOS ANGELES, May 08, 2024 (GLOBE NEWSWIRE) -- Ernst & Young LLP (EY US) today announced that Gene Sheridan, CEO and co-founder of Navitas Semiconductor (Nasdaq:NVTS) was named an Entrepreneur Of The Year® 2024 Greater Los Angeles Award finalist.
- Now in its 38th year, ‘Entrepreneur Of The Year’ is the preeminent competitive business award for audacious leaders who disrupt markets, revolutionize sectors and have a transformational impact on lives.
- Over the past four decades, the program has recognized daring entrepreneurs with big ideas and bold actions that reshape our world.
- In Greater Los Angeles, sponsors also include Edelman, Cooley, Los Angeles Business Journal, Vaco, ADP, and Rutan & Tucker.
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Consumer electronics The summit gathers key players in power semiconductors and associated customer design teams for innovations in EV such as 800 V supercharging, battery management, intelligent connected vehicle electronics, and high-power digital power supplies.
Key Points:
- The summit gathers key players in power semiconductors and associated customer design teams for innovations in EV such as 800 V supercharging, battery management, intelligent connected vehicle electronics, and high-power digital power supplies.
- Navitas’ GaNFast power ICs integrate GaN power and drive with control, sensing, and protection to enable faster charging, higher power density, greater energy savings and system cost reduction.
- “Navitas’ leading GaN and SiC technology will enable faster charging, longer-range and more environmentally friendly power systems for EV.
- These improvements not only significantly enhance product performance but also effectively shorten time-to-market.”
The China Electronic Hotspot Solutions Innovation Summit will be held on April 27th, 2024, at Crowne Plaza, Nanshan District, Shenzhen.
Retrieved on:
Wednesday, April 24, 2024
TORRANCE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in GaN power ICs and SiC technology, today announced that it will report first quarter 2024 financial results after the market close on Thursday, May 9th, 2024.
Key Points:
- TORRANCE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in GaN power ICs and SiC technology, today announced that it will report first quarter 2024 financial results after the market close on Thursday, May 9th, 2024.
- Management will host a conference call and live webcast to present the company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific / 5:00 p.m. Eastern that same evening.
- Navitas Q1 2024 Financial Results Conference Call and Webcast Information:
Toll Free Dial-in: (800) 715-9871 or (646) 307-1963, Conference ID: 4587273
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Renewable energy The Virtual Forest solar pump with maximum power point tracking (MPPT) operates in conjunction with solar panel and energy storage to provide robust, energy-independent, and pollution-free performance at the point of use.
Key Points:
- The Virtual Forest solar pump with maximum power point tracking (MPPT) operates in conjunction with solar panel and energy storage to provide robust, energy-independent, and pollution-free performance at the point of use.
- Navitas GaNSense™ half-bridge power ICs monolithically by integrating two GaN power FETs with GaN drivers, level-shifters, protection features and high-efficiency loss-less current sensing.
- Hence, our name — Virtual Forest.”
“The design team at Virtual Forest adopted the GaNSense half-bridges very quickly, for a fast time-to-market,” said Alessandro Squeri, Navitas’ Senior Sales Director.
- “With GaNSense 'easy-to-use' features, Virtual Forest comes into the partnership with high efficiency, low component count and a robust design for tough environments.”
Retrieved on:
Wednesday, March 27, 2024
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Renewable energy Grid reliability is a key factor in a $1.3 trillion power semiconductor opportunity as Navitas’ technologies accelerate the transition from fossil fuels to renewable energies.
Key Points:
- Grid reliability is a key factor in a $1.3 trillion power semiconductor opportunity as Navitas’ technologies accelerate the transition from fossil fuels to renewable energies.
- Navitas will introduce the latest GaNFast™ and GeneSiC™ products to the European audience, including new Gen-3 Fast SiC for high-power and higher-speed performance, plus GaNSafe™ - the world’s most protected GaN power devices.
- Navitas will present the following on April 17th:
"3.3 kV SiC MOSFETs Accelerate Grid-Connected Energy Storage," Dr. Ranbir Singh, EVP GeneSiC
Synopsis: The grid supplies energy from generators and delivers it to customers via transmission and distribution (T&D) networks.
- SiC inverters will revolutionize electricity delivery, renewable energy integration, and energy storage.
Retrieved on:
Wednesday, March 13, 2024
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Hall Visitors will explore the latest advances in GaN and SiC toward a fully-electrified "Planet Navitas" and the transition from fossil fuels.
Key Points:
- Visitors will explore the latest advances in GaN and SiC toward a fully-electrified "Planet Navitas" and the transition from fossil fuels.
- Many more GaNFast™ chargers will be displayed for visitors to experience the lightning speed of GaNFast charging.
- Visitors to "Planet Navitas" (booth B57-B60) will meet experienced Navitas engineers to explore the power of next-gen power semiconductors for leading-edge applications.
- “Our latest, advanced GaNFast and GeneSiC technologies bring revolutionary fast-charging capabilities to industry-leading Chinese customers.”
To schedule meetings with Navitas at ACE 2024, please contact: [email protected] , or alternatively, book a meeting through Navitas’ booking calendar: https://calendly.com/navitas-asia-charging-expo-2024/meeting
To meet this exponential power increase, Navitas is developing server power platforms which rapidly increase from 3kW to up to 10kW.
Key Points:
- To meet this exponential power increase, Navitas is developing server power platforms which rapidly increase from 3kW to up to 10kW.
- In August 2023, Navitas introduced a 3.2kW data center power platform utilizing latest GaN technology enabling over 100W/in3 and over 96.5% efficiency.
- Today, Navitas also announces its plans to introduce an 8-10kW power platform by the end of 2024 to support 2025 AI power requirements.
- The platform will utilize newer GaN and SiC technologies and further advances in architecture to set all-new industry standards in power density, efficiency and time-to-market.
TORRANCE, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor , the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced participation in the following upcoming investor conferences and calls:
Key Points:
- TORRANCE, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor , the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced participation in the following upcoming investor conferences and calls:
March 5th, Palace Hotel in San Francisco, CA.
- March 6th, 5pm Pacific / March 7th, 9am Taipei / Hong Kong
Group call with Gene Sheridan, CEO, and Janet Chou, CFO.
- March 6th, 7pm Pacific / March 7th, 11am Beijing / Hong Kong
Group call with Janet Chou, CFO and Charles Zha, VP and GM Navitas China.
- March 7th, 6pm Pacific / March 8th, 10am Beijing / Hong Kong
Group call with Janet Chou, CFO, and Stephen Oliver, VP Corporate Marketing & Investor Relations.
Retrieved on:
Thursday, February 29, 2024
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Video game Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.
Key Points:
- Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.
- Non-GAAP gross margin for the fourth quarter of 2023 was 42.2% compared to 40.6% for the fourth quarter of 2022 and 42.1% for the third quarter of 2023.
- Loss from Operations: GAAP loss from operations for the quarter was $26.8 million, compared to a loss of $31.2 million for the fourth quarter of 2022 and a loss of $28.6 million for the third quarter of 2023.
- On a non-GAAP basis, loss from operations for the quarter was $9.7 million compared to a loss of $12.4 million for the fourth quarter of 2022 and a loss of $8.7 million for the third quarter of 2023.
