Navitas Semiconductor Corp reports results for the quarter ended in December - Earnings Summary

Navitas Semiconductor

23/02/2023 22:42

* Navitas Semiconductor Corp  NVTS.OQ  reported a quarterly
adjusted loss of 6 cents​​ per share for the quarter ended in
December. The mean expectation of eight analysts for the quarter
was for a loss of 8 cents per share.
    * Revenue rose 68.3% to $12.35 million from a year ago;
analysts
expected $12.00 million. 
    * Navitas Semiconductor Corp's reported EPS for the quarter
was a
loss of 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Navitas Semiconductor Corp shares had risen by 54.0% this
quarter.
    * The company reported a quarterly loss of $6.06 million.
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $7.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
23 at 10:42 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.08          -0.06          Beat
 Sep. 30 2022      -0.07          -0.07          Met
 Jun. 30 2022      -0.09          -0.07          Beat
 Mar. 31 2022      -0.08          -0.08          Met