Navitas Semiconductor Corp
NASDAQ:NVTS
Income Statement
Earnings Waterfall
Navitas Semiconductor Corp
Revenue
|
79.5m
USD
|
Cost of Revenue
|
-48.4m
USD
|
Gross Profit
|
31.1m
USD
|
Operating Expenses
|
-149.2m
USD
|
Operating Income
|
-118.1m
USD
|
Other Expenses
|
-27.3m
USD
|
Net Income
|
-145.4m
USD
|
Income Statement
Navitas Semiconductor Corp
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
12
N/A
|
16
+35%
|
19
+18%
|
21
+11%
|
24
+13%
|
25
+6%
|
28
+13%
|
33
+16%
|
38
+15%
|
45
+17%
|
54
+21%
|
66
+22%
|
79
+21%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(8)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(23)
|
(26)
|
(30)
|
(36)
|
(41)
|
(48)
|
|
Gross Profit |
4
N/A
|
6
+58%
|
8
+31%
|
9
+17%
|
11
+19%
|
11
+6%
|
12
+10%
|
10
-18%
|
12
+17%
|
14
+21%
|
18
+27%
|
25
+37%
|
31
+24%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(23)
|
(28)
|
(45)
|
(49)
|
(79)
|
(108)
|
(110)
|
(133)
|
(130)
|
(139)
|
(150)
|
(148)
|
(149)
|
|
Selling, General & Administrative |
(9)
|
(13)
|
(26)
|
(28)
|
(51)
|
(71)
|
(70)
|
(85)
|
(72)
|
(67)
|
(66)
|
(61)
|
(62)
|
|
Research & Development |
(13)
|
(15)
|
(18)
|
(21)
|
(28)
|
(37)
|
(40)
|
(48)
|
(50)
|
(54)
|
(61)
|
(65)
|
(69)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(11)
|
(16)
|
(21)
|
(19)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
0
|
0
|
|
Operating Income |
(19)
N/A
|
(22)
-19%
|
(37)
-66%
|
(40)
-7%
|
(69)
-72%
|
(96)
-40%
|
(98)
-1%
|
(123)
-26%
|
(118)
+4%
|
(124)
-5%
|
(131)
-6%
|
(123)
+7%
|
(118)
+4%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
2
|
3
|
4
|
5
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(6)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(84)
|
31
|
85
|
79
|
172
|
30
|
(56)
|
(16)
|
(34)
|
|
Pre-Tax Income |
(19)
N/A
|
(23)
-19%
|
(37)
-65%
|
(40)
-7%
|
(153)
-281%
|
(66)
+57%
|
(13)
+81%
|
(49)
-283%
|
50
N/A
|
(92)
N/A
|
(185)
-101%
|
(134)
+27%
|
(146)
-9%
|
|
Net Income | ||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
10
|
23
|
23
|
23
|
13
|
1
|
|
Income from Continuing Operations |
(19)
|
(23)
|
(37)
|
(40)
|
(153)
|
(66)
|
(13)
|
(39)
|
73
|
(69)
|
(162)
|
(121)
|
(146)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
1
|
1
|
|
Net Income (Common) |
(19)
N/A
|
(23)
-19%
|
(37)
-65%
|
(40)
-7%
|
(153)
-281%
|
(66)
+57%
|
(13)
+80%
|
(39)
-197%
|
74
N/A
|
(68)
N/A
|
(160)
-136%
|
(120)
+25%
|
(145)
-21%
|
|
EPS (Diluted) |
-0.16
N/A
|
-0.18
-13%
|
-0.31
-72%
|
-0.34
-10%
|
-1.3
-282%
|
-0.49
+62%
|
-0.09
+82%
|
-0.28
-211%
|
0.51
N/A
|
-0.42
N/A
|
-0.96
-129%
|
-0.64
+33%
|
-0.86
-34%
|