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

Navitas Semiconductor

14/08/2023 22:03

* Navitas Semiconductor Corp  NVTS.OQ  reported a quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
June. The mean expectation of nine analysts for the quarter was
for a loss of 7 cents per share.
    * Revenue rose 109.8% to $18.06 million from a year ago;
analysts
expected $16.50 million. 
    * Navitas Semiconductor Corp's reported EPS for the quarter
was a
loss of 35 cents​.
    * The mean earnings estimate of analysts had risen by
about 6.2%
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 fallen by 21.3% this
quarter and gained 136.5% so far this year.
    * The company reported a quarterly loss of $58.53 million.
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.07          -0.05          Beat
 Mar. 31 2023      -0.08          -0.07          Beat
 Dec. 31 2022      -0.08          -0.06          Beat
 Sep. 30 2022      -0.07          -0.07          Met