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Navitas Semiconductor | 8-K: Navitas Semiconductor Announces Second Quarter 2024 Financial Results

Navitas Semiconductor | 8-K: Navitas Semiconductor Announces Second Quarter 2024 Financial Results

纳微半导体 | 8-K:纳维塔斯半导体公布2024年第二季度财务业绩
美股SEC公告 ·  2024/08/06 04:20

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Navitas Semiconductor reported Q2 2024 revenue of $20.5 million, up 13% YoY, with first-half revenue increasing nearly 40%. The company achieved results at the higher end of guidance, though GAAP loss from operations widened to $31.1 million from $27.2 million in Q2 2023. Cash position stood at $112 million with no debt as of June 30, 2024.The company made significant strides in AI data center market, doubling its customer pipeline since December 2023 to over 60 projects. Its new AC-DC power platforms up to 10kW achieved industry-leading 97% efficiency using Gen-3 Fast SiC and GaNSafe technologies. The EV segment showed strong growth with over 200 projects in pipeline, while the appliance/industrial segment expanded beyond $380 million in potential revenue.For Q3 2024, Navitas expects revenues of $22.0 million ±$500,000 with non-GAAP gross margin of 40% ±50 basis points. The company continues to strengthen its position across mobile/consumer markets, powering chargers for Samsung's new Galaxy series and maintaining leadership in mobile fast charging with over 470 total design wins.
Navitas Semiconductor reported Q2 2024 revenue of $20.5 million, up 13% YoY, with first-half revenue increasing nearly 40%. The company achieved results at the higher end of guidance, though GAAP loss from operations widened to $31.1 million from $27.2 million in Q2 2023. Cash position stood at $112 million with no debt as of June 30, 2024.The company made significant strides in AI data center market, doubling its customer pipeline since December 2023 to over 60 projects. Its new AC-DC power platforms up to 10kW achieved industry-leading 97% efficiency using Gen-3 Fast SiC and GaNSafe technologies. The EV segment showed strong growth with over 200 projects in pipeline, while the appliance/industrial segment expanded beyond $380 million in potential revenue.For Q3 2024, Navitas expects revenues of $22.0 million ±$500,000 with non-GAAP gross margin of 40% ±50 basis points. The company continues to strengthen its position across mobile/consumer markets, powering chargers for Samsung's new Galaxy series and maintaining leadership in mobile fast charging with over 470 total design wins.
Navitas半导体公司报告2024年第二季度营业收入为2050万美金,同比增长13%,上半年营业收入增长近40%。该公司在指导范围的高端实现了业绩,但GAAP运营损失从2023年第二季度的2720万扩大至3110万。截止2024年6月30日,现金状况为11200万美金,无负债。该公司在人工智能IDC概念市场取得了重大进展,自2023年12月以来其客户管道翻了一番,项目超过60个。其新的AC-DC电源平台达到10kW,使用第三代快速SiC和GaNSafe技术,实现了行业领先的97%效率。电动车细分市场显示出强劲的增长,管道中有超过200个项目,而家电/工业细分市场的潜在营业收入超过38000万。对于2024年第三季度,Navitas预计营业收入为2200万±50万美元,非GAAP毛利率为40%±50个基点。该公司继续增强其在移动/消费市场的地位,为三星的新Galaxy系列提供充电器,并在移动快充领域保持领先地位,总设计胜利达到470个。
Navitas半导体公司报告2024年第二季度营业收入为2050万美金,同比增长13%,上半年营业收入增长近40%。该公司在指导范围的高端实现了业绩,但GAAP运营损失从2023年第二季度的2720万扩大至3110万。截止2024年6月30日,现金状况为11200万美金,无负债。该公司在人工智能IDC概念市场取得了重大进展,自2023年12月以来其客户管道翻了一番,项目超过60个。其新的AC-DC电源平台达到10kW,使用第三代快速SiC和GaNSafe技术,实现了行业领先的97%效率。电动车细分市场显示出强劲的增长,管道中有超过200个项目,而家电/工业细分市场的潜在营业收入超过38000万。对于2024年第三季度,Navitas预计营业收入为2200万±50万美元,非GAAP毛利率为40%±50个基点。该公司继续增强其在移动/消费市场的地位,为三星的新Galaxy系列提供充电器,并在移动快充领域保持领先地位,总设计胜利达到470个。
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