Navitas Semiconductor Corp financial data

Symbol
NVTS on Nasdaq
Industry
Semiconductors & Related Devices
Location
3520 Challenger St., Torrance, CA
State of incorporation
DE
Fiscal year end
December 31
Former names
Live Oak Acquisition Corp II (to 10/14/2021)
Latest financial report
10-Q - Q2 2024 - Aug 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 472 % -27.9%
Quick Ratio 58.5 % -22%
Debt-to-equity 25.3 % +33.7%
Return On Equity -13 % +69.6%
Return On Assets -10.8 % +69.8%
Operating Margin -129 % +47%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 183M shares
Common Stock, Shares, Outstanding 184M shares +5.67%
Common Stock, Value, Issued 21K USD +10.5%
Weighted Average Number of Shares Outstanding, Basic 183M shares +10.6%
Weighted Average Number of Shares Outstanding, Diluted 183M shares +10.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 91.7M USD +69.7%
Research and Development Expense 73.8M USD +19.8%
Operating Income (Loss) -118M USD +10%
Nonoperating Income (Expense) 66.7M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -51.4M USD +72.2%
Income Tax Expense (Benefit) -351K USD +98.5%
Net Income (Loss) Attributable to Parent -51.1M USD +68.1%
Earnings Per Share, Basic -0.26 USD/shares +77%
Earnings Per Share, Diluted -0.26 USD/shares +76.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 112M USD -37%
Accounts Receivable, after Allowance for Credit Loss, Current 22.7M USD +49.7%
Inventory, Net 25.2M USD +33.2%
Assets, Current 165M USD -23.8%
Property, Plant and Equipment, Net 13.3M USD +82.8%
Operating Lease, Right-of-Use Asset 7.82M USD +27.2%
Intangible Assets, Net (Excluding Goodwill) 81.6M USD -19.1%
Goodwill 163M USD 0%
Other Assets, Noncurrent 8.61M USD +53.8%
Assets 439M USD -12%
Employee-related Liabilities, Current 7.75M USD +15.5%
Contract with Customer, Liability, Current 8.07M USD
Liabilities, Current 29M USD -19.5%
Deferred Income Tax Liabilities, Net 1.04M USD -43.1%
Operating Lease, Liability, Noncurrent 6.29M USD +27.8%
Liabilities 51M USD -56%
Accumulated Other Comprehensive Income (Loss), Net of Tax -7K USD 0%
Retained Earnings (Accumulated Deficit) -326M USD -18.6%
Stockholders' Equity Attributable to Parent 381M USD -0.14%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 388M USD +1.22%
Liabilities and Equity 439M USD -12%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -19.8M USD -150%
Net Cash Provided by (Used in) Financing Activities 2.02M USD +816%
Net Cash Provided by (Used in) Investing Activities -5.4M USD -197%
Common Stock, Shares Authorized 750M shares 0%
Common Stock, Shares, Issued 184M shares +5.67%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -23.2M USD -143%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 112M USD -37%
Deferred Tax Assets, Valuation Allowance 66.7M USD +65.9%
Operating Lease, Liability 8.17M USD +29.3%
Depreciation 2.58M USD +55.1%
Payments to Acquire Property, Plant, and Equipment 2.9M USD +256%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -51.1M USD +68.1%
Lessee, Operating Lease, Liability, to be Paid 9.1M USD +25.9%
Property, Plant and Equipment, Gross 19.6M USD +72.8%
Operating Lease, Liability, Current 1.89M USD +34.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.96M USD +58.2%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.06M USD +34.7%
Deferred Income Tax Expense (Benefit) 0 USD -100%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 924K USD +2.21%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.84M USD +55.6%
Deferred Tax Assets, Operating Loss Carryforwards 60M USD +19.7%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.69M USD +38.5%
Operating Lease, Payments 566K USD +24.7%
Additional Paid in Capital 714M USD +8.47%
Amortization of Intangible Assets 19.1M USD +18.7%
Deferred Tax Assets, Net of Valuation Allowance 19.3M USD -11.7%
Share-based Payment Arrangement, Expense 50.9M USD -10.1%