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

Navitas Semiconductor

15/05/2023 23:27

* Navitas Semiconductor Corp  NVTS.OQ  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
March. The mean expectation of eight analysts for the quarter
was for a loss of 8 cents per share.
    * Revenue rose 98.2% to $13.36 million from a year ago;
analysts
expected $12.30 million. 
    * Navitas Semiconductor Corp's reported EPS for the quarter
was a
loss of 39 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.8%
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 14.5% this
quarter and gained 78.1% so far this year.
    * The company reported a quarterly loss of $61.85 million.
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $8.00 
    * 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 LSEG Refinitiv data May
15 at 10:27 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.08          -0.07          Beat
 Dec. 31 2022      -0.08          -0.06          Beat
 Sep. 30 2022      -0.07          -0.07          Met
 Jun. 30 2022      -0.09          -0.07          Beat