$NVTS
Navitas Semiconductor Corp Stock $nvts

$nvts Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000162828022014541 Filed on May 16, 2022

Income Statement

Concept	2022 Q1	2021 Q4	2021 Q1
Revenue	$6.740M	$7.338M	$5.317M
YoY Change	26.76%	57.7%	350.59%
Cost Of Revenue	$3.777M	$4.088M	$2.959M
YoY Change	27.64%	31.57%	205.05%
Gross Profit	$2.963M	$3.250M	$2.358M
YoY Change	25.66%	110.22%	1022.86%
Gross Profit Margin	43.96%	44.29%	44.35%
Selling, General & Admin	$24.54M	$27.66M	$5.369M
YoY Change	357.14%	619.4%	257.93%
% of Gross Profit	828.35%	851.11%	227.69%
Research & Development	$13.41M	$11.50M	$4.254M
YoY Change	215.3%	134.11%	74.34%
% of Gross Profit	452.68%	353.69%	180.41%
Depreciation & Amortization	$125.0K	$224.0K	$80.00K
YoY Change	56.25%	-4.68%	-11.11%
% of Gross Profit	4.22%	6.89%	3.39%
Operating Expenses	$37.96M	$39.16M	$9.623M
YoY Change	294.44%	347.39%	144.24%
Operating Profit	-$34.99M	-$35.91M	-$7.265M
YoY Change	381.68%	398.28%	94.77%
Interest Expense	-$24.00K	-$58.00K	-$61.00K
YoY Change	-60.66%	-9.38%	22.0%
% of Operating Profit
Other Income/Expense, Net	$114.8M	-$83.87M	-$61.00K
YoY Change	-188278.69%
Pretax Income	$79.80M	-$119.8M	-$7.326M
YoY Change	-1189.2%	1548.38%	93.3%
Income Tax	$3.000K	$10.00K	$19.00K
% Of Pretax Income	0.0%
Net Earnings	$79.79M	-$119.8M	-$7.345M
YoY Change	-1186.34%	1548.74%	93.8%
Net Earnings / Revenue	1183.86%	-1633.24%	-138.14%
Basic Earnings Per Share	$0.67		-$0.37
Diluted Earnings Per Share	$0.61	-$1.017M	-$0.37
COMMON SHARES
Basic Shares Outstanding	119.5M shares		19.74M shares
Diluted Shares Outstanding	131.1M shares		19.74M shares

Balance Sheet

Concept	2022 Q1	2021 Q4	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$253.8M	$268.3M	$32.29M
YoY Change	685.94%	14047.04%
Cash & Equivalents	$253.8M	$268.3M	$1.554M
Short-Term Investments
Other Short-Term Assets	$2.988M	$2.877M	$321.0K
YoY Change	830.84%	2426.57%
Inventory	$13.13M	$11.98M	$5.059M
Prepaid Expenses			$185.3K
Receivables	$9.621M	$8.263M	$3.793M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$279.5M	$291.4M	$1.739M
YoY Change	15970.76%	520.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.471M	$2.302M	$943.0K
YoY Change	162.04%	218.84%
Goodwill		$0.00
YoY Change
Intangibles	$82.00K	$170.0K
YoY Change		-66.99%
Long-Term Investments
YoY Change
Other Assets	$3.223M	$1.759M	$97.00K
YoY Change	3222.68%	1624.51%
Total Long-Term Assets	$7.367M	$4.231M	$253.1M
YoY Change	-97.09%	171.22%
TOTAL ASSETS
Total Short-Term Assets	$279.5M	$291.4M	$1.739M
Total Long-Term Assets	$7.367M	$4.231M	$253.1M
Total Assets	$286.9M	$295.6M	$254.8M
YoY Change	12.6%	509.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.216M	$4.860M	$4.183M
YoY Change	24.7%
Accrued Expenses	$4.448M	$2.639M	$124.9K
YoY Change	3461.19%	2816.96%
Deferred Revenue	$17.00K	$29.00K
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$3.200M	$3.200M	$1.600M
YoY Change	100.0%	220.0%
Total Short-Term Liabilities	$12.88M	$10.73M	$125.1K
YoY Change	10198.79%	68.52%
LONG-TERM LIABILITIES
Long-Term Debt	$2.919M	$3.716M	$4.375M
YoY Change	-33.28%	-25.25%
Other Long-Term Liabilities	$0.00	$60.00K	$78.00K
YoY Change	-100.0%	-31.82%
Total Long-Term Liabilities	$2.919M	$3.776M	$4.453M
YoY Change	-34.45%	-25.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.88M	$10.73M	$125.1K
Total Long-Term Liabilities	$2.919M	$3.776M	$4.453M
Total Liabilities	$87.17M	$230.1M	$26.93M
YoY Change	223.73%	1913.7%
SHAREHOLDERS EQUITY
Retained Earnings	-$148.9M	-$228.7M	-$2.256M
YoY Change	6498.83%	200.95%
Common Stock	$15.00K	$15.00K
YoY Change		650.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$199.7M	$65.54M	-$77.71M
YoY Change
Total Liabilities & Shareholders Equity	$286.9M	$295.6M	$254.8M
YoY Change	12.6%	509.4%

Cashflow Statement

Concept	2022 Q1	2021 Q4	2021 Q1
OPERATING ACTIVITIES
Net Income	$79.79M	-$119.8M	-$7.345M
YoY Change	-1186.34%	1548.74%	93.8%
Depreciation, Depletion And Amortization	$125.0K	$224.0K	$80.00K
YoY Change	56.25%	-4.68%	-11.11%
Cash From Operating Activities	-$10.60M	-$16.91M	-$5.812M
YoY Change	82.4%	115.66%	11.98%
INVESTING ACTIVITIES
Capital Expenditures	$294.0K	-$855.0K	$312.0K
YoY Change	-5.77%
Acquisitions
YoY Change
Other Investing Activities	-$2.698M	-$86.00K	$2.000K
YoY Change	-135000.0%	-1175.0%
Cash From Investing Activities	-$2.992M	-$941.0K	-$990.0K
YoY Change	202.22%	-11862.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$24.00K		-$222.0K
YoY Change	-110.81%		-104.02%
Debt Paid & Issued, Net	$800.0K		$0.00
YoY Change
Cash From Financing Activities	-$862.0K	275.0M	$222.0K
YoY Change	-488.29%	-68684.79%	-95.48%
NET CHANGE
Cash From Operating Activities	-$10.60M	-16.91M	-$5.812M
Cash From Investing Activities	-$2.992M	-941.0K	-$990.0K
Cash From Financing Activities	-$862.0K	275.0M	$222.0K
Net Change In Cash	-$14.46M	257.2M	-$6.577M
YoY Change	119.78%	-3223.72%	2248.93%
FREE CASH FLOW
Cash From Operating Activities	-$10.60M	-$16.91M	-$5.812M
Capital Expenditures	$294.0K	-$855.0K	$312.0K
Free Cash Flow	-$10.90M	-$16.05M	-$6.124M
YoY Change	77.91%	104.76%	18.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001821769
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-39755
CY2022Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	Navitas Semiconductor Corporation
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	85-2560226
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2101 E. El Segundo Blvd., Suite 205
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	90245
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	El Segundo,
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022Q1	dei	City Area Code CityAreaCode	844
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	654-2642
CY2022Q1	dei	Security12b Title Security12bTitle	Class A Common Stock,par value $0.0001 per share
CY2022Q1	dei	Trading Symbol TradingSymbol	NVTS
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
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CY2022Q1	us-gaap	Inventory Net InventoryNet	13130000	USD
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CY2022Q1	nvts	Warrant Liability WarrantLiability	0	USD
CY2021Q4	nvts	Warrant Liability WarrantLiability	81388000	USD
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CY2022Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
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CY2022Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	348658000	USD
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	294190000	USD
CY2022Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-62000	USD
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2000	USD
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CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	5317000	USD
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CY2021Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	0	USD
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	357000	USD
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-7000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	25326000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1835000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3000	USD
CY2022Q1	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	51763000	USD
CY2021Q1	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	0	USD
CY2022Q1	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	63406000	USD
CY2021Q1	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	0	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1358000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-359000	USD
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1152000	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1655000	USD
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	109000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-201000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1391000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-6000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	817000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	619000	USD
CY2022Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-241000	USD
CY2021Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10601000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5812000	USD
CY2022Q1	nvts	Payments For Asset Acquisitions PaymentsForAssetAcquisitions	0	USD
CY2021Q1	nvts	Payments For Asset Acquisitions PaymentsForAssetAcquisitions	680000	USD
CY2022Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	2704000	USD
CY2021Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	0	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	294000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	312000	USD
CY2022Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	6000	USD
CY2021Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	2000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2992000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-990000	USD
CY2022Q1	nvts	Redemption Of Warrants RedemptionOfWarrants	38000	USD
CY2021Q1	nvts	Redemption Of Warrants RedemptionOfWarrants	0	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	550000	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-862000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	222000	USD
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-14455000	USD
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	526000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	222000	USD
CY2022Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	800000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6577000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	268252000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	38869000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	253797000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	32292000	USD
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	23000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	3200000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	67000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	60000	USD
CY2021Q4	nvts	Reverse Recapitalization Exchange Ratio ReverseRecapitalizationExchangeRatio	1.0944
CY2022Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4252000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3958000	USD
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1781000	USD
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1656000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2471000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2302000	USD
CY2022Q1	us-gaap	Depreciation Depreciation	125000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	80000	USD
CY2022Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	2518000	USD
CY2021Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	60000	USD
CY2022Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	7482000	USD
CY2021Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	9945000	USD
CY2022Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	3130000	USD
CY2021Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1973000	USD
CY2022Q1	us-gaap	Inventory Net InventoryNet	13130000	USD
CY2021Q4	us-gaap	Inventory Net InventoryNet	11978000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	2401000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3000	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6134000	USD
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6933000	USD
CY2022Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	3200000	USD
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3200000	USD
CY2022Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	15000	USD
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	17000	USD
CY2022Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2919000	USD
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3716000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	533000	USD
CY2022Q1	nvts	Long Term Debt Maturity After Year Two LongTermDebtMaturityAfterYearTwo	0	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6134000	USD
CY2022Q1	us-gaap	Lease Cost LeaseCost	352000	USD
CY2021Q1	us-gaap	Lease Cost LeaseCost	267000	USD
CY2022Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	261000	USD
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	263000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1391000	USD
CY2022Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y21D
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0425
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths	862000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Two LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo	539000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Three LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree	92000	USD
CY2022Q1	nvts	Lessee Operating Lease Liability To Be Paid Due After Rolling Year Three LesseeOperatingLeaseLiabilityToBePaidDueAfterRollingYearThree	0	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1492000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	48000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1444000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	966000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	585000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	170000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	1721000	USD
CY2021Q4	nvts	Reverse Recapitalization Exchange Ratio ReverseRecapitalizationExchangeRatio	1.0944
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P4Y
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	25326000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1835000	USD
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	11253000	shares
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.51
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y9M18D
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue	9.75
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Price Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodPricePerShare	0
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue	0
CY2022Q1	nvts	Earnout Liability EarnoutLiability	70767000	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	9529000	shares
CY2022Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1721000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.30
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Intrinsic Value Amount Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedIntrinsicValueAmountPerShare	9.98
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	2000	shares
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Or Expired In Period Price Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodPricePerShare	1.06
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	1.06
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresIntrinsicValue	9.22
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriod	1000	shares
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Price Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodPricePerShare	1.06
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice	1.06
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Cancelled Intrinsic Value Amount Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsCancelledIntrinsicValueAmountPerShare	9.22
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.56
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P7Y21D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue	9.72
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	7064000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.40
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P6Y6M21D
CY2022Q1	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Price Per Share Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisablePricePerShareAggregateIntrinsicValue	9.88
CY2022Q1	us-gaap	Accrued Bonuses Current And Noncurrent AccruedBonusesCurrentAndNoncurrent	2500000	USD
CY2021Q4	us-gaap	Accrued Bonuses Current And Noncurrent AccruedBonusesCurrentAndNoncurrent	2000000	USD
CY2021Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	7400000	USD
CY2022Q1	nvts	Warrant Liability Initial Fair Value WarrantLiabilityInitialFairValue	81388000	USD
CY2022Q1	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	51763000	USD
CY2022Q1	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	0	shares
CY2021Q4	nvts	Earnout Liability EarnoutLiability	96069000	USD
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
CY2021Q4	nvts	Earnout Liability EarnoutLiability	134173000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	131149000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19741000	shares
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.67
CY2022Q1	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	63406000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	79792000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-7345000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119542000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19741000	shares
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.61
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.37
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119542000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19741000	shares
CY2022Q1	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	11607000	shares
CY2021Q1	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	0	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	131149000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19741000	shares
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	21479000	shares
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	67485000	shares
CY2022Q1	nvts	Employment Agreements Severance Liability Aggregate Payments EmploymentAgreementsSeveranceLiabilityAggregatePayments	1443000	USD

Files In Submission

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$NVTS
Navitas Semiconductor Corp Stock $nvts

2022 Q1 Form 10-Q Financial Statement

#000162828022014541 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVTS Navitas Semiconductor Corp Stock $nvts

2022 Q1 Form 10-Q Financial Statement

#000162828022014541 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVTS
Navitas Semiconductor Corp Stock $nvts