Navitas Semiconductor Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
For the nine months, sales was USD 53.4 million compared to USD 25.59 million a year ago. Net loss was USD 112.86 million compared to net income of USD 81.04 million a year ago. Basic loss per share from continuing operations was USD 0.68 compared to basic earnings per share from continuing operations of USD 0.64 a year ago. Diluted loss per share from continuing operations was USD 0.68 compared to diluted earnings per share from continuing operations of USD 0.58 a year ago.