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Navitas Semiconductor Corporation ( we, us, Navitas or the Company ) designs, develops and markets next-generation power semiconductors including gallium nitride (GaN) power integrated circuits (ICs), high-voltage silicon carbide (SiC) devices and associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. We focus on high-power market…
$24.86
$1.74 (-6.54%)
Price from 2 days ago
The business is unprofitable at the operating level (-234.70% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 44.9% YoY. Margins deteriorated 77.8pp alongside, both lines moving the wrong way.
Negative free cash flow of -$44M. The business is consuming cash, not generating it. Operating margin contracted 77.8pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$40M
▼ -44.9% YoY
Net Income (TTM)
-$134M
▼ -38.2% YoY
Op. Margin
-272.19%
▼ -77.8pp YoY
ROIC
-21.10%
▲ +6.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$48M
▲ +32.4% YoY
Op. Cash Flow (TTM)
-$46M
▲ +27.1% YoY
Net Debt
-$215M
Net Cash Position
Cash & Equiv.
$221M
5Y CAGR: +31.1%
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