Navitas Semiconductor Corp financial data

Symbol
NVTS on Nasdaq
Industry
Semiconductors & Related Devices
Location
3520 Challenger St., Torrance, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Live Oak Acquisition Corp II (to 10/14/2021)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 478 % -46.3%
Quick Ratio 52.5 % -40.6%
Debt-to-equity 25.3 % +33.7%
Return On Equity -22.3 % -11.8%
Return On Assets -17.9 % -4%
Operating Margin -128 % +54.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 183 M shares
Common Stock, Shares, Outstanding 183 M shares +13.7%
Entity Public Float 1.22 B USD +246%
Common Stock, Value, Issued 21 K USD +16.7%
Weighted Average Number of Shares Outstanding, Basic 180 M shares +14.7%
Weighted Average Number of Shares Outstanding, Diluted 180 M shares +14.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 89.3 M USD +100%
Research and Development Expense 71.7 M USD +31.8%
Operating Income (Loss) -114 M USD +7.95%
Nonoperating Income (Expense) 26.5 M USD -17.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -87.8 M USD +4.62%
Income Tax Expense (Benefit) -508 K USD +97.8%
Net Income (Loss) Attributable to Parent -87.3 M USD -28.9%
Earnings Per Share, Basic -0.49 USD/shares +3.92%
Earnings Per Share, Diluted -0.49 USD/shares 0%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 130 M USD +28.6%
Accounts Receivable, after Allowance for Credit Loss, Current 22.2 M USD +199%
Inventory, Net 33.2 M USD +75.8%
Assets, Current 191 M USD +47%
Property, Plant and Equipment, Net 11.8 M USD +72.1%
Operating Lease, Right-of-Use Asset 7.81 M USD +19.4%
Intangible Assets, Net (Excluding Goodwill) 86.3 M USD -18.2%
Goodwill 163 M USD +1.1%
Other Assets, Noncurrent 7.69 M USD +37.8%
Assets 468 M USD +12.5%
Employee-related Liabilities, Current 7.59 M USD -1.56%
Contract with Customer, Liability, Current 8.07 M USD
Liabilities, Current 42 M USD +78.8%
Deferred Income Tax Liabilities, Net 1.04 M USD -43.1%
Operating Lease, Liability, Noncurrent 6.31 M USD +20.2%
Other Liabilities, Noncurrent 0 USD -100%
Liabilities 70 M USD -1.95%
Accumulated Other Comprehensive Income (Loss), Net of Tax -7 K USD 0%
Retained Earnings (Accumulated Deficit) -304 M USD -40.3%
Stockholders' Equity Attributable to Parent 381 M USD -0.14%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 398 M USD +15.5%
Liabilities and Equity 468 M USD +12.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -19.8 M USD -150%
Net Cash Provided by (Used in) Financing Activities 2.02 M USD +816%
Net Cash Provided by (Used in) Investing Activities -5.4 M USD -197%
Common Stock, Shares Authorized 750 M shares 0%
Common Stock, Shares, Issued 183 M shares +13.7%
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 -23.2 M USD -143%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 130 M USD +28.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD -100%
Deferred Tax Assets, Valuation Allowance 66.7 M USD +65.9%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 8.16 M USD +21.4%
Depreciation 2.38 M USD +74.6%
Payments to Acquire Property, Plant, and Equipment 2.9 M USD +256%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -87.3 M USD -29%
Lessee, Operating Lease, Liability, to be Paid 9.16 M USD +18.7%
Property, Plant and Equipment, Gross 17.4 M USD +67.7%
Operating Lease, Liability, Current 1.86 M USD +25.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.77 M USD +42.5%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.88 M USD +22.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure
Deferred Income Tax Expense (Benefit) 0 USD -100%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 997 K USD +0.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.77 M USD +49.8%
Deferred Tax Assets, Operating Loss Carryforwards 60 M USD +19.7%
Deferred Federal Income Tax Expense (Benefit) -1.15 M USD +94.7%
Current Income Tax Expense (Benefit) 273 K USD -44.2%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.69 M USD +38.5%
Operating Lease, Payments 566 K USD +24.7%
Additional Paid in Capital 702 M USD +25.1%
Current State and Local Tax Expense (Benefit) 47 K USD -86%
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 19.1 M USD +67.7%
Deferred Tax Assets, Net of Valuation Allowance 19.3 M USD -11.7%
Share-based Payment Arrangement, Expense 50.4 M USD -8.54%
Deferred State and Local Income Tax Expense (Benefit) 232 K USD