Revenue and Sales Performance - Revenue for the three months ended September 30, 2022, was $10.2 million, an increase of 82% compared to $5.6 million in the same period of 2021[204] - Total sales volumes increased by 19%, from 6.0 million to 7.1 million units shipped, with the average selling price rising by 53% to $1.43 per unit[204] - Revenue for the nine months ended September 30, 2022 was $25.6 million, an increase of $9.2 million or 56% compared to $16.4 million for the same period in 2021[214] Costs and Expenses - Cost of goods sold for the three months ended September 30, 2022, was $9.9 million, a 225% increase from $3.0 million in the same period of 2021[205] - Cost of goods sold for the nine months ended September 30, 2022 was $18.7 million, an increase of $9.7 million or 108% compared to $9.0 million for the same period in 2021[215] - Research and development expenses for the three months ended September 30, 2022, were $13.3 million, reflecting a 130% increase compared to $5.8 million in the same period of 2021[207] - Research and development expenses for the nine months ended September 30, 2022 were $36.4 million, an increase of $20.0 million or 123% compared to $16.3 million for the same period in 2021[216] - Selling, general and administrative expenses for the nine months ended September 30, 2022 were $63.0 million, an increase of $39.3 million or 166% compared to $23.7 million for the same period in 2021[218] - Operating expenses totaled $37.8 million for the three months ended September 30, 2022, a 304% increase from $9.4 million in the same period of 2021[203] Net Loss and Financial Position - The company recorded a net loss of $32.8 million for the three months ended September 30, 2022, compared to a net loss of $6.8 million in the same period of 2021, representing a 380% increase in losses[203] - Loss from operations for the three months ended September 30, 2022, was $37.4 million, compared to a loss of $6.8 million in the same period of 2021, marking a 454% increase[203] - Net cash used in operating activities for the nine months ended September 30, 2022 was $35.5 million, compared to $24.8 million for the same period in 2021[232] - As of September 30, 2022, the company had cash and cash equivalents of $124.8 million, a decrease of $143.5 million or 53% compared to December 31, 2021[228] - The company expects to continue incurring net operating losses and negative cash flows from operations as it expands its operations and product offerings[225] Acquisitions and Inventory - The acquisition of GeneSiC contributed to revenue growth and included a $0.5 million step-up in inventory valuation and $2.8 million in inventory reserves[206] Future Expectations and Strategic Position - The company expects research and development expenses to continue increasing as it expands into new applications[207] - Navitas has over 165 patents issued or pending, reinforcing its industry-leading IP position in GaN Power ICs[186] Accounting and Reporting - Management's estimates and judgments in financial reporting are based on historical experience and current economic conditions, which may lead to actual results differing from estimates[239] - There have been no material changes to critical accounting policies and estimates, except for the adoption of ASC 805 Business Combinations[241] - The company has elected to use an extended transition period under the JOBS Act for complying with new accounting standards, which may affect comparability with other public companies[243] Cash Flow and Financing Activities - Net cash used in investing activities for the nine months ended September 30, 2022 was $106.4 million, primarily due to $99.9 million in business acquisitions[234] - Net cash used in financing activities for the nine months ended September 30, 2022 was $1.5 million, primarily due to debt payments and stock repurchases[235] Contractual Obligations - No significant changes to contractual obligations were reported, except for a new operating lease entered into during the quarter[237] - As of September 30, 2022, there were no off-balance sheet arrangements[238]

Navitas Semiconductor Corporation (NASDAQ:NVTS) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Stephen Oliver - Vice President of Corporate Marketing and Investor Relations Gene Sheridan - Chairman, President, CEO and Co-Founder Ron Shelton - CFO and Treasurer Conference Call Participants Kevin Cassidy - Rosenblatt Securities Ross Seymore - Deutsche Bank Blake Friedman - Bank of America Jon Tanwanteng - CJS Securities Trevor Janoski - Needham Tristan Gerra - Baird Operator ...

Navitas Semiconductor Corporation (NASDAQ:NVTS) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET Company Participants Stephen Oliver - Vice President of Corporate Marketing and Investor Relations Gene Sheridan - Chairman, President, CEO and Co-Founder Ron Shelton - CFO and Treasurer Conference Call Participants Kevin Cassidy - Rosenblatt Securities Tristan Gerra - Baird Blake Friedman - Bank of America Ross Seymore - Deutsche Bank Sam Peterman - Craig Hallum Jon Tanwanteng - CJS Mark Lipacis - Je ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number: 001-39755 Navitas Semiconductor Corporation (Exact name of registrant as specified in its charter) Delaware 85-2560226 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-39755 Navitas Semiconductor Corporation (Exact name of registrant as specified in its charter) Delaware 85-256022 ...

Navitas Semiconductor Corp (NASDAQ:NVTS) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Stephen Oliver – Vice President-Corporate Marketing and Investor Relations Gene Sheridan – Chairman, President and Chief Executive Officer Todd Glickman – Chief Financial Officer Conference Call Participants Kevin Cassidy – Rosenblatt Securities Trevor Janowski – Needham Jon Tanwanteng – CJS Richard Shannon – Craig Hallum Mark Lipacis – Jefferies Ross Seymore – Deutsche Bank Operator Good d ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-39755 Navitas Semiconductor Corporation (Exact name of registrant as specified in its charter) Delaw ...

Financial Data and Key Metrics Changes - Annual revenues doubled to nearly $24 million with Q4 revenue growing sequentially by over 30% [8] - GAAP revenue for Q4 grew to $7.3 million, representing 30% sequential growth from Q3 2021 [27] - For the full year, revenue reached $23.7 million, indicating year-over-year growth of 100% [28] - Non-GAAP gross margin improved to 44.3% in Q4, up from 37.7% in the same quarter of the prior year [29] - Non-GAAP gross margin for fiscal year 2021 grew to 45.4% from 33.2% [29] Business Line Data and Key Metrics Changes - The number of customer chargers released to production increased by 75% from the prior year, reaching an all-time high of 171 [13] - The design pipeline doubled compared to the prior year, with over 240 customer projects now in development [13] - Mobile demand remained strong, despite supply chain constraints affecting GaN revenue growth in the second half of the year [28] Market Data and Key Metrics Changes - Cumulative unit shipments increased to over 35 million units with zero GaN-related field failures [8] - The company has engaged with dozens of customers for higher power GaN ICs targeted for data centers, solar, and electric vehicles [19] Company Strategy and Development Direction - The company aims to achieve system cost parity with silicon in 2023 and deliver 55% gross margins long-term [34] - New strategic partnerships and design centers have been established to drive GaN adoption in data centers and electric vehicles [20] - The company published the industry's first sustainability report quantifying the positive impact of GaN on decarbonization [21] Management's Comments on Operating Environment and Future Outlook - Management expects Q1 revenue to be seasonally similar or lower than Q4, with significant growth anticipated in Q2 [33] - The company forecasts another doubling of annual revenues for 2022, targeting $48 million [34] - Management noted that supply chain constraints have improved, allowing for better customer forecasts moving forward [40] Other Important Information - The company announced the industry's first 20-year warranty for GaN ICs, reflecting its commitment to quality and reliability [23] - The company has a patent portfolio totaling over 145 patents pending or issued, reinforcing competitive protection in GaN IC technology [12] Q&A Session Summary Question: Update on supply chain constraints - Management indicated that short-term impacts from supply chain constraints have improved, with customers adapting their forecasts accordingly [40] Question: Margin dynamics with wafer price increases - Management noted that generation three cost reductions are offsetting TSMC's wafer price increases, with margin expansion expected from generation four in the latter part of the year [42] Question: Engagements in China - Management highlighted that China is fundamental to the company's strategy, with a strong local team and multiple design centers supporting global customers [46] Question: Revenue from consumer markets - Management stated that the predominant revenue forecast is dominated by mobile, with promising opportunities in non-mobile consumer markets like LED TVs and desktop PCs [79] Question: Gross margin dynamics - Management expects gross margins to remain flat at 44% in Q1, with potential increases in the second half of the year due to generation four [83]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NAVITAS SEMICONDUCTOR CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 001-39755 | 85-2560226 | | --- | --- | --- | | (State or oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to LIVE OAK ACQUISITION CORP. II (Exact name of registrant as specified in its charter) Delaware 001-39755 85-2560226 (State or other jurisdiction of incorporation or org ...