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

Navitas Semiconductor

09/11/2022 22:52

* Navitas Semiconductor Corp  NVTS.OQ  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for a loss of 7 cents per share.
    * Revenue was $10.24 million​; analysts expected $9.92
million. 
    * Navitas Semiconductor Corp's reported EPS for the quarter
was a
loss of 24 cents​.
    * The mean earnings estimate of analysts had risen by
about 7% 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 9.5% this
quarter and lost 74.2% so far this year.
    * The company reported a quarterly loss of $33.1 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 Refinitiv data November
9 at 10:52 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.07          -0.07          Met
 Jun. 30 2022      -0.09          -0.07          Beat
 Mar. 31 2022      -0.08          -0.08          Met
 Dec. 31 2021      -0.08          -0.07          Beat