Brief: Navitas Semiconductor Announces First Quarter 2023 Financial Results

Navitas Semiconductor

15/05/2023 22:19

Navitas Semiconductor Corp  NVTS.O :
    * NAVITAS SEMICONDUCTOR ANNOUNCES FIRST QUARTER 2023
FINANCIAL
RESULTS
    * NET REVENUES FOR Q1 OF 2023 INCREASED TO $13.4 MILLION,
APPROXIMATELY DOUBLE FROM Q1 OF 2022
    * QTRLY LOSS PER SHARE $0.39
    * Q2 2023 NET REVENUES ARE EXPECTED TO INCREASE, IN RANGE OF
$16
MILLION TO $17 MILLION
    * FULL-YEAR 2023 REVENUE IS STILL EXPECTED TO DOUBLE
COMPARED TO
2022
    * QTRLY ADJUSTED LOSS PER SHARE $0.07
    * Q1 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $12.3
MILLION --
REFINITIV IBES DATA
    * Q2 REVENUE VIEW $15.2 MILLION -- REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $74.0 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX7wTHB3 
Further company coverage:  NVTS.O