Navitas Semiconductor (NVTS) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Navitas Semiconductor Announces First Quarter 2024 Financial Results TORRANCE, Calif., May 09, 2024 — Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next- generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2024. "I am very pleased with our first quarter revenue growth of over 70% from the prior year, despite an overall market slowdown," said Gene Sheridan, CEO and co-founder. "Response to our latest technologies – GaN ...