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Navitas Semiconductor | 10-Q: Q3 2024 Earnings Report

Navitas Semiconductor | 10-Q: Q3 2024 Earnings Report

纳微半导体 | 10-Q：2024财年三季报
美股SEC公告 ·  2024/11/05 16:23

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Navitas Semiconductor reported Q3 2024 revenue of $21.7 million, down 1% YoY. Net loss widened to $18.7 million from $7.5 million profit last year. Cost of revenues decreased 12% to $13.1 million, while operating expenses rose 5% to $37.6 million.R&D expenses increased 8% to $17.8 million due to higher headcount and software costs. SG&A expenses grew 4% to $15.0 million on higher professional fees and salaries. The company recognized a $9.2 million gain from change in fair value of earnout liabilities, down from $34.5 million gain last year.For the nine months ended September 30, revenue rose 22% to $65.3 million on strong mobile and consumer markets. Cash and equivalents stood at $98.6 million as of September 30. Navitas expects operating and capital expenditures to increase as it expands operations and customer base. The company disclosed material weaknesses in internal controls and is implementing remediation plans.
Navitas Semiconductor reported Q3 2024 revenue of $21.7 million, down 1% YoY. Net loss widened to $18.7 million from $7.5 million profit last year. Cost of revenues decreased 12% to $13.1 million, while operating expenses rose 5% to $37.6 million.R&D expenses increased 8% to $17.8 million due to higher headcount and software costs. SG&A expenses grew 4% to $15.0 million on higher professional fees and salaries. The company recognized a $9.2 million gain from change in fair value of earnout liabilities, down from $34.5 million gain last year.For the nine months ended September 30, revenue rose 22% to $65.3 million on strong mobile and consumer markets. Cash and equivalents stood at $98.6 million as of September 30. Navitas expects operating and capital expenditures to increase as it expands operations and customer base. The company disclosed material weaknesses in internal controls and is implementing remediation plans.
Navitas半导体报告2024年第三季度营业收入为2170万美元，同比下降1%。净亏损从去年的750万美元利润扩大至1870万美元。营业收入成本下降12%至1310万美元，而营业费用上升5%至3760万美元。研发费用因雇员人数增加和软件成本上升增长8%，达到1780万美元。销售和管理费用因专业费用和工资增加增长4%，达到1500万美元。公司确认因赎回负债公允价值变动获得920万美元收益，低于去年3450万美元的收益。截至9月30日的九个月中，营业收入因强劲的移动和消费市场上涨22%，达到6530万美元。截至9月30日，现金及等价物达9860万美元。Navitas预计营业费用和资本支出将随着其扩展业务和客户基础而增加。该公司披露了内部控制方面的重大缺陷，并正在实施补救计划。
Navitas半导体报告2024年第三季度营业收入为2170万美元，同比下降1%。净亏损从去年的750万美元利润扩大至1870万美元。营业收入成本下降12%至1310万美元，而营业费用上升5%至3760万美元。研发费用因雇员人数增加和软件成本上升增长8%，达到1780万美元。销售和管理费用因专业费用和工资增加增长4%，达到1500万美元。公司确认因赎回负债公允价值变动获得920万美元收益，低于去年3450万美元的收益。截至9月30日的九个月中，营业收入因强劲的移动和消费市场上涨22%，达到6530万美元。截至9月30日，现金及等价物达9860万美元。Navitas预计营业费用和资本支出将随着其扩展业务和客户基础而增加。该公司披露了内部控制方面的重大缺陷，并正在实施补救计划。
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