2023-08-14 16:32:36 ET
- Navitas Semiconductor press release ( NASDAQ: NVTS ): Q2 GAAP EPS of -$0.35 misses by $0.14 .
- Revenue of $18.06M (+109.8% Y/Y) beats by $1.55M .
- Q3 Outlook: Third-quarter 2023 net revenues are expected to increase to $21 million plus or minus 2%. Given expected continued strength in the lower-margin mobile market, gross margin for the third quarter is expected to be relatively flat compared to the second quarter of 2023.
- Operating expenses, excluding stock-based compensation and amortization of intangible assets, are expected to be approximately $18.5 to $19.5 million in the third quarter of 2023. Weighted-average basic share count is expected to be approximately 175 million shares at the end of the third quarter of 2023.
- Shares +8.16% .
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Navitas Semiconductor GAAP EPS of -$0.35 misses by $0.14, revenue of $18.06M beats by $1.55M