Navitas Semiconductor Corporation designs, develops, and sells gallium nitride (GaN) power integrated circuits in China, the United States, Taiwan, Korea, and internationally. The company was incorporated in 2013 and is based in Dublin, Ireland.

Navitas Semiconductor Corporation

Net Revenues

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Gross Profit

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Research and Development

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Selling, General and Administrative

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Amortization of Intangible Assets

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Loss from Operations

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Interest Income

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Gain (Loss) from Change in Fair Value of Warrants

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Interest Income (Expense), Net

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Dividend Income

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Gain from Change in Fair Value of Earmout Liabilities

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Other Income, Net

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Total Other Income, Net

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Loss Before Income Taxes

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Income Tax Provision

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Equity Method Investment Loss

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Net Loss

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Less: Net Loss Attributable to Noncontrolling Interests

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Net Loss Attributable to Controlling Interests

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Basic Net Loss per Share Attributable to Common Stockholders

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Diluted Net Loss per Share Attributable to Common Stockholders

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Basic Common Shares

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Diluted Common Shares

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Total Revenues

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Cost of Sales

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Research & Development Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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Net Income Attributable to Common Shareholders

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

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Adjusted Net Income

Net Revenue

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Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24
Total Revenues	56.6	83.3
Total Revenues %Chg	-38.1%	4.8%
Net Revenues
Cost of Sales	42.9	55
Cost of Revenues
Gross Profit	13.7	28.3
Gross Profit Margin	24.2%	34%
Selling, General & Administrative Expenses	41.1	62.9
Selling, General and Administrative
Depreciation & Amortization Expenses	18.9	18.9
Amortization of Intangible Assets
Research & Development Expenses	56.4	76
Research and Development
Other Operating Expenses	2.7	1.2
Restructuring Expense
Operating Profit	-105.4	-130.7
Operating Margin	-186.2%	-156.9%
Interest and Investment Income	3.4	5.2
Dividend Income
Non-Operating Income	-26.6	36.6
Gain (Loss) from Change in Fair Value of Warrants
Interest Income (Expense), Net
Gain from Change in Fair Value of Earmout Liabilities
Other Income, Net
Total Non-Operating Income	-23.2	41.8
Income Before Provision for Income Taxes	-128.6	-88.8
Loss Before Income Taxes
Provision for Income Taxes	-0.5	-0.3
Income Tax Provision
Consolidated Net Income	-125	-84.6
Net Loss
Net Income Attributable to Minority Interests and Other	-3.1	-3.9
Less: Net Loss Attributable to Noncontrolling Interests
Equity Method Investment Loss
Net Income Attributable to Common Shareholders	-121.9	-84.6
Net Loss Attributable to Controlling Interests
Basic EPS	-0.6	-0.5
Diluted EPS	-0.6	-0.5
Basic Weighted Average Shares Outstanding	196.6	182.5
Total Shares Outstanding	230.5	188.1
Diluted Weighted Average Shares Outstanding	196.6	182.5
EBITDA	-102.1	-108.8
Effective Tax Rate	0.4%	0.4%