Navitas Semiconductor Corporation logo NVTS - Navitas Semiconductor Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 3
HOLD 4
SELL 1
STRONG
SELL
0
| 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)