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 ...

Table of Contents 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 March 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 LIVE OAK ACQUISITION CORP. II (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20 ____, to ______, 20_____. Commission File Number 001-39755 (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rul ...