Brief: Navitas Semiconductor Reports Q1 GAAP EPS Of $0.61

Navitas Semiconductor

12/05/2022 21:24

May 12 (Reuters) - Navitas Semiconductor Corp  NVTS.O :
    * Q1 GAAP EARNINGS PER SHARE $0.61
    * SEES Q2 REVENUE $8.0 MILLION TO $9.0 MILLION
    * Q1 REVENUE ROSE 27 PERCENT TO $6.7 MILLION
    * Q1 NON-GAAP LOSS PER SHARE $0.08
    * FULL-YEAR 2022 NET REVENUES ARE EXPECTED TO DOUBLE
COMPARED TO
2021
    * NAVITAS - Q2 GUIDANCE FACTORS IN SOME SHORT-TERM IMPACT
FROM
CHINA COVID-RELATED SHUTDOWN SOFTNESS IN SUPPLY CHAIN, IN DEMAND
FOR SMARTPHONES
    * Q1 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $6.5
MILLION --
REFINITIV IBES DATA
    * Q2 REVENUE VIEW $9.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX89VLbS 
Further company coverage:  NVTS.O 

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