Navitas Semiconductor (NVTS) Income Statement: Revenue & Earnings

Navitas Semiconductor Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Navitas Semiconductor Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	83.30	79.46	37.94	23.74	11.85
Cost of Revenue	54.96	48.39	26.00	13.05	8.13
Gross Profit	28.34	31.06	11.95	10.69	3.72
Operating Expenses
Research & Development	76.00	68.83	50.32	27.48	13.05
Selling, General & Administrative	62.86	61.55	78.35	51.37	9.47
Operating Expenses	157.79	149.20	135.58	79.19	22.52
Operating Income	-129.45	-118.13	-123.64	-68.51	-18.80
Other Income/Expense
Interest Income	5.23	5.37	1.39	0.00	0.00
Interest Expense	0.15	0.00	0.00	-0.26	-0.24
Other Income/Expense	40.76	0.08	-172.33	-45.77	0.00
Income
Income Before Tax	-88.85	-146.47	50.08	-152.64	-19.04
Income Tax Expense	-0.34	-0.52	-22.81	0.05	0.01
Net Income	-84.60	-145.43	73.91	-152.69	-19.04
Net Income - Continuous Operations	-84.60	-145.95	72.89	-152.69	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-66.80	-97.15	59.16	-67.75	-18.29
EBIT	-88.70	-118.13	50.08	-68.51	-18.80
Depreciation & Amortization	18.93	20.98	6.91	0.76	0.51
Earnings Per Share
Basic EPS	-	-1.00	1.00	-4.00	-1.00
Diluted EPS	-	-1.00	1.00	-4.00	-1.00
Basic Shares Outstanding	183.72	168.93	133.67	39.17	16.25
Diluted Shares Outstanding	183.72	168.93	145.74	39.17	16.25