Navitas Semiconductor (NASDAQ:NVTS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$21.7m (down 1.4% from 3Q 2023).

• Net loss: US$18.7m (down by 349% from US$7.52m profit in 3Q 2023).

• US$0.10 loss per share (down from US$0.043 profit in 3Q 2023).

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

Navitas Semiconductor EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 17% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for Navitas Semiconductor (1 is a bit unpleasant!) that we have uncovered.

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