TORRANCE, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the pure-play industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, secured the 49th position on Forbes' 2024 America's Successful Small Companies list. The ranking is recognition of the company's growth based on strong demand for Navitas' advanced, high-efficiency, wide bandgap (WBG) GaN and SiC power components, across growing and diverse global markets and an expanding customer base.
Forbes evaluated Navitas on earnings growth, sales growth, return on equity, and total stock return over the preceding five years, with a specific focus on the last 12 months, including Navitas' 115% increase in revenue (Q3'22 to Q3'23).
Looking ahead, Navitas will host an in-person 2023 Investor Day at the company's new Torrance HQ ...