Navitas Semiconductor Q1 Report Beats Expectations

Navitas Semiconductor Corp. (NASDAQ:NVTS) reported first-quarter results after Tuesday’s closing bell, beating estimates on the top and bottom lines.

Here’s a look at the details inside the report. 

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Navitas Q1 Details       

Navitas Semiconductor reported quarterly losses of four cents per share, which beat the analyst consensus estimate for losses of five cents, according to Benzinga Pro data.

Quarterly revenue came in at $8.6 million, which beat the analyst consensus estimate of $8.17 million by 5.2%. The company said “high-power markets” represented a majority of …

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