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Navitas Semiconductor | 10-Q: Q2 2024 Earnings Report

Navitas Semiconductor | 10-Q: Q2 2024 Earnings Report

納微半導體 | 10-Q：2024財年二季報
美股SEC公告 ·  2024/08/06 04:59

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Navitas Semiconductor reported Q2 2024 revenue of $20.5 million, up 13% year-over-year, driven by strong mobile and consumer markets. Cost of revenues increased 18% to $12.5 million due to lower gross margin mobile sales. The company posted a net loss of $22.3 million, significantly improved from a $58.5 million loss in Q2 2023.Research and development expenses rose 13% to $19.0 million as the company expanded product development in EV, enterprise and solar segments. Selling, general and administrative costs increased 17% to $15.4 million, reflecting higher stock compensation and expanded global sales force. The company maintained strong liquidity with $112.0 million in cash and cash equivalents.Management continues to invest in growth initiatives while implementing remediation plans to address internal control weaknesses. The company expects operating expenses to increase as it expands operations, product offerings and customer base. Navitas believes current cash levels are sufficient to fund operations and capital requirements for the foreseeable future.
Navitas Semiconductor reported Q2 2024 revenue of $20.5 million, up 13% year-over-year, driven by strong mobile and consumer markets. Cost of revenues increased 18% to $12.5 million due to lower gross margin mobile sales. The company posted a net loss of $22.3 million, significantly improved from a $58.5 million loss in Q2 2023.Research and development expenses rose 13% to $19.0 million as the company expanded product development in EV, enterprise and solar segments. Selling, general and administrative costs increased 17% to $15.4 million, reflecting higher stock compensation and expanded global sales force. The company maintained strong liquidity with $112.0 million in cash and cash equivalents.Management continues to invest in growth initiatives while implementing remediation plans to address internal control weaknesses. The company expects operating expenses to increase as it expands operations, product offerings and customer base. Navitas believes current cash levels are sufficient to fund operations and capital requirements for the foreseeable future.
Navitas半導體報告2024年第二季度營業收入爲2050萬美元，同比增長13%，主要受強勁的移動和消費市場推動。由於毛利率較低的移動銷售，營業成本增加了18%，達到1250萬美元。公司在2023年第二季度出現淨虧損2230萬美元，較2022年第二季度的5850萬美元虧損有顯著改善。研發費用上漲13%，達到1900萬美元，因爲公司在電動汽車、企業和太陽能領域擴展了產品開發。銷售、一般和行政費用增長了17%，達到1540萬美元，反映出股票補償增加和全球銷售團隊擴張。公司保持了強勁的流動性，現金及現金等價物達到11200萬美元。管理層持續投資於增長項目，同時實施整改計劃，以解決內部控制的缺陷。公司預計隨着其擴展運營、產品供應和客戶基礎，營業費用將增加。Navitas認爲目前的現金水平足以支持可預見未來的運營和資本需求。
Navitas半導體報告2024年第二季度營業收入爲2050萬美元，同比增長13%，主要受強勁的移動和消費市場推動。由於毛利率較低的移動銷售，營業成本增加了18%，達到1250萬美元。公司在2023年第二季度出現淨虧損2230萬美元，較2022年第二季度的5850萬美元虧損有顯著改善。研發費用上漲13%，達到1900萬美元，因爲公司在電動汽車、企業和太陽能領域擴展了產品開發。銷售、一般和行政費用增長了17%，達到1540萬美元，反映出股票補償增加和全球銷售團隊擴張。公司保持了強勁的流動性，現金及現金等價物達到11200萬美元。管理層持續投資於增長項目，同時實施整改計劃，以解決內部控制的缺陷。公司預計隨着其擴展運營、產品供應和客戶基礎，營業費用將增加。Navitas認爲目前的現金水平足以支持可預見未來的運營和資本需求。
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