Navitas Semiconductor Corp (NVTS)

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Navitas Semiconductor Corp

NVTS • CIK 0001821769

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenue from Contract with Customer, Excluding Assessed Tax	$79,456	$83,302	$45,916	$36,535
Cost of Goods and Services Sold	$48,392	$54,963	$31,668	$22,608
Operating Income (Loss)	$-118,132	$-130,675	$-107,764	$-115,764
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	—	$-88,846	$-115,782	$-115,782
Income Tax Expense (Benefit)	$-517	$-342	$50	$58
Income (Loss) from Equity Method Investments	—	$3,905	$-1,121	$-1,121
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-145,951	$-84,599	$-116,953	$-313,052
Research and Development Expense	$68,825	$76,002	$49,830	$53,385
Selling, General and Administrative Expense	$61,551	$62,863	$35,196	$39,995
Amortization of Intangible Assets	$18,820	$18,926	$18,937	$18,937
Restructuring Charges	—	$1,223	$18,049	$17,374
Operating Expenses	$149,196	$159,014	$122,012	$129,691
Interest Income (Expense), Nonoperating, Net	$5,368	$-150	$863	$1,308
Investment Income, Dividend	—	$5,233	$3,537	$5,661
Other Nonoperating Income (Expense)	$84	$102	$6	$-29
Nonoperating Income (Expense)	$-28,336	$41,829	$-8,018	$-196,614
Weighted Average Number of Shares Outstanding, Basic	168,927,000	182,460,000	205,573,000	247,985,000

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Property, Plant and Equipment, Net	$9,154	$15,421	$9,779	$8,570
Operating Lease, Right-of-Use Asset	$8,268	$6,900	$5,166	$4,109
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	—	—	$766	$602
Intangible Assets, Net (Excluding Goodwill)	$91,099	$72,195	$53,258	$43,790
Goodwill	$163,215	$163,215	$163,215	$163,215
Other Assets, Noncurrent	$5,328	$10,478	$8,380	$9,754
Assets	$485,546	$389,978	$500,469	$832,429
Operating Lease, Liability, Noncurrent	$6,653	$5,553	$3,827	$2,681
Finance Lease, Liability, Noncurrent	—	—	$456	$289
Deferred Income Tax Liabilities, Net	$1,040	$441	$405	$405
Other Liabilities, Noncurrent	—	$4,619	$0	$0
Liabilities	$104,929	$41,965	$56,808	$31,017
Cash and Cash Equivalents, at Carrying Value	$152,839	$86,737	$236,857	$557,409
Accounts Receivable, after Allowance for Credit Loss, Current	$25,858	$13,982	$3,621	$4,767
Inventory, Net	$23,166	$15,477	$13,283	$19,510
Prepaid Expense and Other Assets, Current	$6,619	$4,070	$4,399	$19,840
Restricted Cash, Current	—	—	$1,745	$863
Assets, Current	$208,482	$120,266	$259,905	$602,389
Accounts Payable and Other Accrued Liabilities, Current	$26,637	$10,754	$22,350	$19,506
Employee-related Liabilities, Current	$10,902	$8,623	$4,949	$5,970
Operating Lease, Liability, Current	$1,892	$1,767	$1,866	$1,835
Finance Lease, Liability, Current	—	—	$323	$331
Deferred Revenue, Current	—	$0	$22,632	$22,632
Liabilities, Current	$50,384	$21,144	$52,120	$27,642
Common Stock, Value, Issued	$21	—	—	$21
Additional Paid in Capital	$680,790	$732,784	$945,381	$1,565,135
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-7	$-7	$-7	$-7
Retained Earnings (Accumulated Deficit)	$-300,187	$-384,786	$-501,739	$-763,742
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$380,617	$348,013	$443,661	$801,412
Accounts Receivable, Allowance for Credit Loss, Current	—	$135	$468	$251
Common Stock, Shares Authorized	750,000,000	—	—	750,000,000
Common Stock, Shares, Issued	179,196,418	—	—	183,502,186
Restructuring Charges	—	$1,223	$18,049	$794
Payments for Restructuring	—	$706	—	$8,094

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-145,951	$-84,599	$-116,953	$-313,052
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$42,502	$-64,599	$150,362	$396,931
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$152,839	$88,240	$238,602	$386,357
Depreciation	$2,160	$2,967	$3,452	$3,644
Amortization of Intangible Assets	$18,820	$18,926	$18,937	$18,937
Payments to Acquire Investments	$1,000	$2,500	$0	$1,428
Operating Lease, Right-of-Use Asset, Amortization Expense	$2,036	$1,888	$1,776	$1,622
Payments to Acquire Property, Plant, and Equipment	$4,782	$6,771	$1,478	$1,373
Net Cash Provided by (Used in) Investing Activities	$-5,782	$-9,271	$-1,386	$-2,755
Other Noncash Income (Expense)	$-85	$0	$-3,783	$-3,783
Share-based Payment Arrangement, Noncash Expense	$54,028	$43,031	$14,484	$27,149
Accounts Receivable, Credit Loss Expense (Reversal)	—	$7,689	$844	$-122
Income (Loss) from Equity Method Investments	—	$3,905	$-1,121	$-1,121
Gain (Loss) on Disposition of Property Plant Equipment	—	$-148	$-176	$-176
Deferred Income Taxes and Tax Credits	$-784	$-599	$-36	$-36
Net Cash Provided by (Used in) Operating Activities	$-40,098	$-58,823	$-42,891	$-66,474
Proceeds from Issuance of Private Placement	—	—	$100,000	$100,000
Proceeds from Issuance of Common Stock	$1,923	$812	$1,033	$22
Proceeds from Stock Plans	—	$2,683	$1,498	$1,473
Net Cash Provided by (Used in) Financing Activities	$88,382	$3,495	$194,639	$466,160
Cash and Cash Equivalents, at Carrying Value	$152,839	$86,737	$236,857	$382,733
Restricted Cash and Cash Equivalents	—	$1,503	$1,745	$3,624
Income Taxes Paid, Net	$160	$296	$243	$118
Interest Paid, Excluding Capitalized Interest, Operating Activities	$0	—	$29	$38
Capital Expenditures Incurred but Not yet Paid	$499	$3,110	$148	$-8
Increase (Decrease) in Accounts Receivable	$16,731	$-4,187	$-9,517	$-7,831
Increase (Decrease) in Inventories	$4,105	$-6,757	$-2,194	$4,386
Increase (Decrease) in Prepaid Expense and Other Assets	$2,996	$-2,108	$329	$15,766
Increase (Decrease) in Other Operating Assets	$1,173	$-592	$-977	$-77
Increase (Decrease) in Accounts Payable and Accrued Liabilities	$12,204	$-2,803	$6,226	$985
IncreaseDecreaseInOperatingLeaseLiability	$-1,946	$-1,745	$-1,669	$-1,706
Increase (Decrease) in Deferred Revenue	—	$-10,953	$185	$0

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Import this data to Google Sheets with:

=jivedata("NVTS","financials")

Full statements spill as a table. For one cell: =jivedata("NVTS","Revenue") or =jivedata("NVTS","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.