NVTS - Navitas Semiconductor Corporation
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$18.23
DETAILS
HIGH:
$21.00
LOW:
$13.70
MEDIAN:
$20.00
CONSENSUS:
$18.23
DOWNSIDE:
37.68%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 45.9 | 83.3 | 79.5 | 37.9 | 23.7 | 11.8 | 1.7 |
| Cost of Revenue | 31.7 | 55.0 | 48.4 | 26.0 | 13.1 | 8.1 | 1.2 |
| Gross Profit | 14.2 | 28.3 | 31.1 | 11.9 | 10.7 | 3.7 | 0.5 |
| Operating Expenses | |||||||
| R&D Expenses | 49.8 | 76.0 | 68.8 | 50.3 | 27.5 | 13.0 | 11.1 |
| SG&A Expenses | 32.7 | 62.9 | 61.6 | 78.4 | 51.4 | 9.5 | 6.5 |
| Other Expenses | 18.9 | 20.1 | 18.8 | 6.9 | 0.3 | 0 | 0 |
| Operating Expenses | 101.5 | 159.0 | 149.2 | 135.6 | 79.2 | 22.5 | 17.6 |
| Operating Income | |||||||
| Operating Income | (87.3) | (130.7) | (118.1) | (123.6) | (68.5) | (18.8) | (17.1) |
| Interest Expense | 0.9 | 0.1 | 0 | 0 | 0 | 0.2 | 0 |
| Interest Income | 0 | 0 | 1.3 | 1.4 | 0 | 0.0 | 0.3 |
| Profitability | |||||||
| EBITDA | (93.7) | (66.8) | (97.2) | (115.8) | (67.8) | (18.3) | (16.7) |
| EBIT | (116.0) | (88.7) | (118.1) | (123.6) | (68.5) | (18.8) | (17.1) |
| Income Before Tax | (116.9) | (84.9) | (146.5) | 50.1 | (152.6) | (19.0) | (17.3) |
| Income Tax Expense | 0.1 | (0.3) | (0.5) | (22.8) | 0.0 | 0.0 | 0.0 |
| Net Income | (117.0) | (84.6) | (145.4) | 73.9 | (152.7) | (19.0) | (17.3) |
| Per Share Data | |||||||
| EPS (Basic) | -0.57 | -0.46 | -0.86 | 0.56 | -3.90 | -1.17 | -1.20 |
| EPS (Diluted) | -0.57 | -0.46 | -0.86 | 0.51 | -3.90 | -0.60 | -1.20 |
| Shares Outstanding | 205.6 | 183.7 | 168.9 | 133.7 | 39.2 | 31.6 | 14.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 236.9 | 86.7 | 151.9 | 110.3 | 268.3 | 38.9 | 6.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3.6 | 14.0 | 25.9 | 9.1 | 8.3 | 4.2 | 0.7 |
| Inventory | 13.3 | 15.5 | 22.2 | 19.1 | 12.0 | 3.4 | 0.7 |
| Other Current Assets | 6.1 | 4.1 | 6.2 | 3.6 | 0 | 0 | 0.1 |
| Total Current Assets | 259.9 | 120.3 | 206.2 | 142.1 | 291.4 | 46.9 | 7.8 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 15.7 | 22.3 | 17.4 | 12.9 | 2.3 | 0.7 | 0.9 |
| Goodwill | 163.2 | 163.2 | 163.2 | 161.5 | 0 | 0 | 0 |
| Intangible Assets | 53.3 | 72.2 | 91.1 | 105.6 | 0.2 | 0.5 | 0 |
| Long-Term Investments | 7.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.6 | 12.0 | 7.6 | 3.1 | 1.8 | 0.3 | 0.3 |
| Total Non-Current Assets | 240.6 | 269.7 | 279.4 | 283.1 | 4.2 | 1.6 | 1.2 |
| Total Assets | 500.5 | 390.0 | 485.5 | 425.3 | 295.6 | 48.5 | 9.0 |
| Current Liabilities | |||||||
| Account Payables | 22.4 | 10.8 | 24.7 | 14.7 | 4.9 | 3.7 | 0.9 |
| Short-Term Debt | 2.2 | 0 | 0 | 0 | 3.2 | 1 | 2.4 |
| Deferred Revenue | 0 | 0 | 11.0 | 0.5 | 0 | 0 | 0 |
| Other Current Liabilities | 27.6 | 8.6 | 10.9 | 3.9 | 0.0 | 0 | 0.3 |
| Total Current Liabilities | 52.1 | 21.1 | 48.5 | 20.4 | 10.7 | 6.4 | 3.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 4.3 | 0 | 0 | 0 | 3.7 | 5.0 | 2.4 |
| Deferred Tax Liabilities | 0.4 | 0.4 | 1.0 | 1.8 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 14.8 | 48.7 | 13.1 | 215.6 | 109.6 | 0.1 |
| Total Non-Current Liabilities | 4.7 | 20.8 | 56.4 | 20.2 | 219.3 | 114.6 | 2.5 |
| Total Liabilities | 56.8 | 42.0 | 104.9 | 40.5 | 230.1 | 120.9 | 6.3 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (501.7) | (384.8) | (300.2) | (154.8) | (228.7) | (76.0) | (56.9) |
| Accumulated Other Comprehensive Income | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 |
| Total Stockholders' Equity | 443.7 | 348.0 | 380.6 | 381.1 | 65.5 | (72.4) | 2.7 |
| Total Liabilities & Equity | 500.5 | 390.0 | 485.5 | 425.3 | 295.6 | 48.5 | 9.0 |
| Debt Metrics | |||||||
| Total Debt | 6.5 | 7.3 | 8.5 | 6.6 | 6.9 | 6.0 | 4.8 |
| Net Debt | (230.4) | (79.4) | (143.3) | (103.8) | (261.3) | (32.9) | (1.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (117.0) | (84.6) | (146.0) | 72.9 | (152.7) | (19.0) | (17.3) |
| Depreciation & Amortization | 22.4 | 21.9 | 21.0 | 7.8 | 0.8 | 0.5 | 0.4 |
| Stock-Based Compensation | 14.5 | 43.0 | 54.0 | 63.3 | 41.4 | 1.0 | 0.1 |
| Change in Working Capital | 17.1 | (1.9) | (2.8) | 2.7 | (14.8) | (3.2) | (0.7) |
| Other Non-Cash Items | 20.1 | (36.7) | 33.2 | (167.9) | 83.6 | 0.1 | (0.1) |
| Operating Cash Flow | (42.9) | (58.8) | (41.4) | (44.5) | (41.7) | (20.6) | (17.6) |
| Investing Activities | |||||||
| Capital Expenditure | (1.5) | (6.8) | (4.8) | (4.6) | (2.1) | (0.2) | (0.1) |
| Acquisitions | 0.1 | 0 | 0 | (101.6) | (0.7) | 0 | 0 |
| Purchases of Investments | 0 | (2.5) | (1) | (1.5) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0.1 | (0.7) | 0.0 | (0.0) |
| Investing Cash Flow | (1.4) | (9.3) | (5.8) | (107.6) | (3.5) | (0.2) | (0.1) |
| Financing Activities | |||||||
| Net Debt Issuance | (0.2) | 0 | 0 | (6.9) | 0.9 | 1.2 | 0.8 |
| Stock Repurchased | 0 | 0 | 0 | (0.6) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 2.7 | 1.7 | 298.1 | (0.7) | 2.8 |
| Financing Cash Flow | 194.6 | 3.5 | 89.7 | (5.8) | 274.5 | 53.6 | 3.6 |
| Cash Position | |||||||
| Net Change in Cash | 150.4 | (64.6) | 42.5 | (157.9) | 229.4 | 32.8 | 6.1 |
| Cash at Beginning | 88.2 | 152.8 | 110.3 | 268.3 | 38.9 | 6.1 | 0 |
| Cash at End | 238.6 | 88.2 | 152.8 | 110.3 | 268.3 | 38.9 | 6.1 |
| Free Cash Flow | (44.4) | (65.6) | (46.2) | (49.1) | (43.8) | (20.8) | (17.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 45.9 | 83.3 | 79.5 | 37.9 | 23.7 | 11.8 | 1.7 |
| Gross Profit | 14.2 | 28.3 | 31.1 | 11.9 | 10.7 | 3.7 | 0.5 |
| Operating Income | (87.3) | (130.7) | (118.1) | (123.6) | (68.5) | (18.8) | (17.1) |
| Net Income | (117.0) | (84.6) | (145.4) | 73.9 | (152.7) | (19.0) | (17.3) |
| EPS (Diluted) | -0.57 | -0.46 | -0.86 | 0.51 | -3.90 | -0.60 | -1.20 |
| Balance Sheet | |||||||
| Cash & Equivalents | 236.9 | 86.7 | 151.9 | 110.3 | 268.3 | 38.9 | 6.0 |
| Total Assets | 500.5 | 390.0 | 485.5 | 425.3 | 295.6 | 48.5 | 9.0 |
| Total Debt | 6.5 | 7.3 | 8.5 | 6.6 | 6.9 | 6.0 | 4.8 |
| Stockholders' Equity | 443.7 | 348.0 | 380.6 | 381.1 | 65.5 | (72.4) | 2.7 |
| Cash Flow | |||||||
| Operating Cash Flow | (42.9) | (58.8) | (41.4) | (44.5) | (41.7) | (20.6) | (17.6) |
| Capital Expenditure | (1.5) | (6.8) | (4.8) | (4.6) | (2.1) | (0.2) | (0.1) |
| Free Cash Flow | (44.4) | (65.6) | (46.2) | (49.1) | (43.8) | (20.8) | (17.7) |