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Navitas Semiconductor Corp

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20
   10-K10-K10-K
Revenues  37.923.711.8
            Revenue growth  59.9%100.3% 
Cost of goods sold  26.013.18.1
Gross profit  11.910.73.7
            Gross margin  31.5%45.0%31.4%
Selling, general and administrative  78.451.49.5
Research and development  50.327.513.0
EBITDA   [+]-115.8-67.8-18.3
            EBITDA margin  -305.2%-285.4%-154.4%
Depreciation  0.90.40.3
EBITA  -116.7-68.2-18.6
            EBITA margin  -307.6%-287.2%-157.3%
Amortization of intangibles  6.90.30.2
EBIT   [+]-123.6-68.5-18.8
            EBIT margin  -325.8%-288.6%-158.7%
Interest income, net   [+]1.4-0.3-0.2
Other income (expense), net   [+]172.3-83.90.0
Pre-tax income  50.1-152.6-19.0
Income taxes  -22.80.00.0
Minority interest  -1.0  
Net income  73.9-152.7-19.0
            Net margin  194.8%-643.3%-160.7%
   
Basic EPS   [+]$0.55($3.90)($1.17)
Diluted EPS   [+]$0.51($3.90)($1.17)
   
Shares outstanding (basic)   [+]133.739.216.2
Shares outstanding (diluted)   [+]145.739.216.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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