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Navitas Semiconductor Corp

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
NET REVENUES  18.113.412.310.28.66.77.35.6
            NET REVENUES growth  109.8%98.2%68.3%81.9%58.0%26.8%57.7%60.9%
COST OF REVENUES (exclusive of amortization of intangible assets included below)  10.67.97.39.95.03.84.13.0
   
OPERATING EXPENSES:          
Research and development  16.817.414.013.39.513.311.25.8
Selling, general and administrative  13.219.115.324.514.024.527.73.6
Amortization of intangible assets  4.84.5  0.10.1  
    Total operating expenses  34.741.036.237.823.638.039.29.4
    LOSS FROM OPERATIONS  -27.2-35.5-31.2-37.4-20.0-35.0-35.9-6.8
            Operating margin  -150.7%-265.5%-252.7%-365.4%-232.4%-519.2%-489.3%-120.0%
   
OTHER INCOME (EXPENSE), net:          
Interest income, net  0.80.90.70.60.10.0-0.1-0.1
Gain from change in fair value of warrants       51.8  
Gain (loss) from change in fair value of earnout liabilities  -32.2-27.89.5-6.154.963.4-38.1 
Other income (expense)  0.00.00.1-0.1-0.8-0.4-0.1 
    Total other income (expense), net  -31.4-26.810.3-5.554.1114.8-83.9-0.1
    INCOME (LOSS) BEFORE INCOME TAXES  -58.6-62.3-20.9-43.034.179.8-119.8-6.8
INCOME TAX (BENEFIT) PROVISION  -0.10.1-13.0-10.10.30.00.00.0
    NET INCOME (LOSS)  -58.5-62.4-7.9-32.833.879.8-119.8-6.8
LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS   0.50.80.2    
    NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS  -58.5-61.8-7.1-32.633.879.8-119.8-6.8
   
NET INCOME (LOSS) PER COMMON SHARE:          
Basic net income  ($0.35)($0.39)($0.09)($0.24)$0.27$0.67($2.23)($0.37)
Diluted net income  ($0.35)($0.39)($0.07)($0.24)$0.26$0.61($2.23)($0.37)
   
WEIGHTED AVERAGE COMMON SHARES USED IN NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS:          
Basic common shares (in shares)  165.6156.8133.7138.5124.0119.539.218.3
Diluted common shares (in shares)  165.6156.8145.7138.5132.1131.139.218.3

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