Navitas Semiconductor Corporation (NVTS) Tops Q4 EPS by 1c, provides guidance

Navitas Semiconductor Corporation (NASDAQ: NVTS) reported Q4 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $26.06 million versus the consensus estimate of $25.39 million.

GUIDANCE:

Navitas Semiconductor Corporation sees Q1 2024 revenue of $23 million, versus the consensus of $24.291 million.
Gross margin for the first quarter is expected to be 41% plus or minus 50 basis points and operating expenses, excluding stock-based compensation and amortization of intangible assets, are expected to be approximately $21.5 million in the first quarter of 2024. Weighted-average basic share count is expected to be approximately 180 million shares for the first quarter of 2024.

For earnings history and earnings-related data on Navitas Semiconductor Corporation (NVTS) click here.

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