$NVTS
Navitas Semiconductor Corp Stock $nvts

$nvts Overview Financials Valuation SEC Filings Company Website

2022 Q2 Form 10-Q Financial Statement

#000182176922000014 Filed on August 15, 2022

Income Statement

Concept	2022 Q2	2022 Q1	2021 Q4
Revenue	$8.611M	$6.740M	$7.338M
YoY Change	58.0%	26.76%	57.7%
Cost Of Revenue	$5.026M	$3.777M	$4.088M
YoY Change	69.17%	27.64%	31.57%
Gross Profit	$3.585M	$2.963M	$3.250M
YoY Change	44.61%	25.66%	110.22%
Gross Profit Margin	41.63%	43.96%	44.29%
Selling, General & Admin	$13.99M	$24.54M	$27.66M
YoY Change	-5.41%	357.14%	619.4%
% of Gross Profit	390.32%	828.35%	851.11%
Research & Development	$9.606M	$13.41M	$11.50M
YoY Change	53.28%	215.3%	134.11%
% of Gross Profit	267.95%	452.68%	353.69%
Depreciation & Amortization	$186.0K	$125.0K	$224.0K
YoY Change	116.28%	56.25%	-4.68%
% of Gross Profit	5.19%	4.22%	6.89%
Operating Expenses	$23.60M	$37.96M	$39.16M
YoY Change	12.05%	294.44%	347.39%
Operating Profit	-$20.01M	-$34.99M	-$35.91M
YoY Change	7.71%	381.68%	398.28%
Interest Expense	$52.00K	-$24.00K	-$58.00K
YoY Change	-182.54%	-60.66%	-9.38%
% of Operating Profit
Other Income/Expense, Net	$54.12M	$114.8M	-$83.87M
YoY Change	-86006.35%	-188278.69%
Pretax Income	$34.11M	$79.80M	-$119.8M
YoY Change	-282.93%	-1189.2%	1548.38%
Income Tax	$270.0K	$3.000K	$10.00K
% Of Pretax Income	0.79%	0.0%
Net Earnings	$33.84M	$79.79M	-$119.8M
YoY Change	-281.43%	-1186.34%	1548.74%
Net Earnings / Revenue	392.95%	1183.86%	-1633.24%
Basic Earnings Per Share	$0.27	$0.67
Diluted Earnings Per Share	$0.26	$0.61	-$1.017M
COMMON SHARES
Basic Shares Outstanding	124.0M shares	119.5M shares
Diluted Shares Outstanding	132.1M shares	131.1M shares

Balance Sheet

Concept	2022 Q2	2022 Q1	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$240.5M	$253.8M	$268.3M
YoY Change	908.49%	685.94%	14047.04%
Cash & Equivalents	$240.5M	$253.8M	$268.3M
Short-Term Investments
Other Short-Term Assets	$2.342M	$2.988M	$2.877M
YoY Change	-19.3%	830.84%	2426.57%
Inventory	$14.00M	$13.13M	$11.98M
Prepaid Expenses
Receivables	$9.407M	$9.621M	$8.263M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$266.2M	$279.5M	$291.4M
YoY Change	579.64%	15970.76%	520.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.266M	$2.471M	$2.302M
YoY Change	261.53%	162.04%	218.84%
Goodwill	$1.177M		$0.00
YoY Change
Intangibles	$421.0K	$82.00K	$170.0K
YoY Change			-66.99%
Long-Term Investments
YoY Change
Other Assets	$7.166M	$3.223M	$1.759M
YoY Change	3113.45%	3222.68%	1624.51%
Total Long-Term Assets	$20.07M	$7.367M	$4.231M
YoY Change	922.88%	-97.09%	171.22%
TOTAL ASSETS
Total Short-Term Assets	$266.2M	$279.5M	$291.4M
Total Long-Term Assets	$20.07M	$7.367M	$4.231M
Total Assets	$286.3M	$286.9M	$295.6M
YoY Change	596.01%	12.6%	509.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.300M	$5.216M	$4.860M
YoY Change	-18.05%	24.7%
Accrued Expenses	$6.075M	$4.448M	$2.639M
YoY Change	284.01%	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	$3.200M
YoY Change	45.45%	100.0%	220.0%
Total Short-Term Liabilities	$15.58M	$12.88M	$10.73M
YoY Change	35.82%	10198.79%	68.52%
LONG-TERM LIABILITIES
Long-Term Debt	$2.122M	$2.919M	$3.716M
YoY Change	-43.83%	-33.28%	-25.25%
Other Long-Term Liabilities	$0.00	$0.00	$60.00K
YoY Change	-100.0%	-100.0%	-31.82%
Total Long-Term Liabilities	$2.122M	$2.919M	$3.776M
YoY Change	-44.8%	-34.45%	-25.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$15.58M	$12.88M	$10.73M
Total Long-Term Liabilities	$2.122M	$2.919M	$3.776M
Total Liabilities	$39.44M	$87.17M	$230.1M
YoY Change	157.53%	223.73%	1913.7%
SHAREHOLDERS EQUITY
Retained Earnings	-$115.0M	-$148.9M	-$228.7M
YoY Change		6498.83%	200.95%
Common Stock	$16.00K	$15.00K	$15.00K
YoY Change			650.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$246.9M	$199.7M	$65.54M
YoY Change
Total Liabilities & Shareholders Equity	$286.3M	$286.9M	$295.6M
YoY Change	596.01%	12.6%	509.4%

Cashflow Statement

Concept	2022 Q2	2022 Q1	2021 Q4
OPERATING ACTIVITIES
Net Income	$33.84M	$79.79M	-$119.8M
YoY Change	-281.43%	-1186.34%	1548.74%
Depreciation, Depletion And Amortization	$186.0K	$125.0K	$224.0K
YoY Change	116.28%	56.25%	-4.68%
Cash From Operating Activities	-$7.782M	-$10.60M	-$16.91M
YoY Change	-2.25%	82.4%	115.66%
INVESTING ACTIVITIES
Capital Expenditures	-$2.011M	$294.0K	-$855.0K
YoY Change	511.25%	-5.77%
Acquisitions
YoY Change
Other Investing Activities	-$3.054M	-$2.698M	-$86.00K
YoY Change	1936.0%	-135000.0%	-1175.0%
Cash From Investing Activities	-$5.065M	-$2.992M	-$941.0K
YoY Change	957.41%	202.22%	-11862.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$24.00K
YoY Change		-110.81%
Debt Paid & Issued, Net		$800.0K
YoY Change
Cash From Financing Activities	-446.0K	-$862.0K	275.0M
YoY Change		-488.29%	-68684.79%
NET CHANGE
Cash From Operating Activities	-7.782M	-$10.60M	-16.91M
Cash From Investing Activities	-5.065M	-$2.992M	-941.0K
Cash From Financing Activities	-446.0K	-$862.0K	275.0M
Net Change In Cash	-13.29M	-$14.46M	257.2M
YoY Change	57.5%	119.78%	-3223.72%
FREE CASH FLOW
Cash From Operating Activities	-$7.782M	-$10.60M	-$16.91M
Capital Expenditures	-$2.011M	$294.0K	-$855.0K
Free Cash Flow	-$5.771M	-$10.90M	-$16.05M
YoY Change	-24.38%	77.91%	104.76%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Central Index Key EntityCentralIndexKey	0001821769
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-39755
	dei	Entity Registrant Name EntityRegistrantName	Navitas Semiconductor Corporation
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	85-2560226
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2101 E. El Segundo Blvd., Suite 205
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	90245
	dei	Entity Address City Or Town EntityAddressCityOrTown	El Segundo,
	dei	Local Phone Number LocalPhoneNumber	654-2642
	dei	Security12b Title Security12bTitle	Class A Common Stock,par value $0.0001 per share
	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
	dei	City Area Code CityAreaCode	844
	dei	Trading Symbol TradingSymbol	NVTS
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	240504000	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	268252000	usd
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9407000	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8263000	usd
CY2022Q2	us-gaap	Assets Assets	286317000	usd
CY2021Q4	us-gaap	Assets Assets	295601000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	13995000	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	11978000	usd
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2342000	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2877000	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	266248000	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	291370000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4266000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2302000	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7039000	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	usd
CY2022Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	421000	usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	170000	usd
CY2022Q2	us-gaap	Goodwill Goodwill	1177000	usd
CY2021Q4	us-gaap	Goodwill Goodwill	0	usd
CY2022Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7166000	usd
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1759000	usd
CY2022Q2	nvts	Warrant Liability WarrantLiability	0	usd
CY2021Q4	nvts	Warrant Liability WarrantLiability	81388000	usd
CY2021Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	4860000	usd
CY2022Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	4910000	usd
CY2022Q2	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	6300000	usd
CY2021Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2639000	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1165000	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	0	usd
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	3200000	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3200000	usd
CY2022Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4000	usd
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	29000	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	15579000	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	10728000	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2122000	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3716000	usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	5824000	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	usd
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	117750608	shares
CY2022Q2	nvts	Earnout Liability EarnoutLiability	15913000	usd
CY2021Q4	nvts	Earnout Liability EarnoutLiability	134173000	usd
CY2022Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	0	usd
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	60000	usd
CY2022Q2	us-gaap	Liabilities Liabilities	39438000	usd
CY2021Q4	us-gaap	Liabilities Liabilities	230065000	usd
CY2022Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	740000000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	740000000	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	125473437	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	125473437	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	117750608	shares
CY2022Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	5026000	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	16000	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	15000	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	361963000	usd
CY2021Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2971000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8803000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	5930000	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	294190000	usd
CY2022Q2	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
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-115038000	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-228667000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	246879000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	65536000	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	286317000	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	295601000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	8611000	usd
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	5450000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	15351000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10767000	usd
CY2022Q2	us-gaap	Gross Profit GrossProfit	3585000	usd
CY2021Q2	us-gaap	Gross Profit GrossProfit	2479000	usd
	us-gaap	Gross Profit GrossProfit	6548000	usd
	us-gaap	Gross Profit GrossProfit	4837000	usd
CY2022Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9606000	usd
CY2021Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	6267000	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	23019000	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	10521000	usd
CY2022Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	13993000	usd
CY2021Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	14794000	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	38537000	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	20163000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	23599000	usd
CY2021Q2	us-gaap	Operating Expenses OperatingExpenses	21061000	usd
	us-gaap	Operating Expenses OperatingExpenses	61556000	usd
	us-gaap	Operating Expenses OperatingExpenses	30684000	usd
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-18582000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-55008000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-20014000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-25847000	usd
CY2022Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	52000	usd
CY2021Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-63000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	28000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-124000	usd
CY2022Q2	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	0	usd
CY2021Q2	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	0	usd
	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	51763000	usd
	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	0	usd
CY2022Q2	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	54854000	usd
CY2021Q2	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	0	usd
	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	118260000	usd
	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	0	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-785000	usd
CY2021Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1141000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	54121000	usd
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-63000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	168910000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-124000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	34107000	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-18645000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	113902000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-25971000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	270000	usd
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	273000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	24000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	33837000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-18650000	usd
	us-gaap	Net Income Loss NetIncomeLoss	113629000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-25995000	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.93
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.28
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.89
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.87
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.28
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124030000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	121827000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20324000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132132000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20900000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130882000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20324000	shares
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	33837000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-18650000	usd
	us-gaap	Net Income Loss NetIncomeLoss	113629000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-25995000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2021Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-3000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-60000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-4000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	0	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-3000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-60000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	33837000	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-18653000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	113569000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-25999000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	65536000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	1305000	usd
CY2022Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	550000	usd
CY2022Q1	nvts	Adjustments To Additional Paid In Capital Warrant Vested AdjustmentsToAdditionalPaidInCapitalWarrantVested	29641000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	24072000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-60000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	79792000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	199736000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	2515000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	1068000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9723000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	33837000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	246879000	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-72424000	usd
CY2021Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	223000	usd
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1835000	usd
CY2021Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-7345000	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-77711000	usd
CY2021Q2	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	12729000	usd
CY2021Q2	nvts	Shares Rescission Of Common Stock Value During Period SharesRescissionOfCommonStockValueDuringPeriod	-48000	usd
CY2021Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-3000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-18650000	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-83683000	usd
	us-gaap	Net Income Loss NetIncomeLoss	113629000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-25995000	usd
	us-gaap	Depreciation Depreciation	352000	usd
	us-gaap	Depreciation Depreciation	166000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	171000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	167000	usd
	nvts	Amortization Of Deferred Rent AmortizationOfDeferredRent	0	usd
	nvts	Amortization Of Deferred Rent AmortizationOfDeferredRent	-22000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	480000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	0	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1155000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	36362000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	14564000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6000	usd
	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	51763000	usd
	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	0	usd
	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	118260000	usd
	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	0	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1144000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	349000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2017000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4520000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-926000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2230000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-418000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	121000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1883000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	4562000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-581000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	0	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-18383000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-13773000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	645000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	nvts	Payments For Asset Acquisitions PaymentsForAssetAcquisitions	0	usd
	nvts	Payments For Asset Acquisitions PaymentsForAssetAcquisitions	680000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	641000	usd
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	5204000	usd
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	150000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2305000	usd
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	97000	usd
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	2000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8057000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1469000	usd
	nvts	Redemption Of Warrants RedemptionOfWarrants	38000	usd
	nvts	Redemption Of Warrants RedemptionOfWarrants	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	550000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	880000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	222000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1600000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1308000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	222000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-27748000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-15021000	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
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	240504000	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	23848000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	188000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
	us-gaap	Interest Paid Net InterestPaidNet	132000	usd
	us-gaap	Interest Paid Net InterestPaidNet	60000	usd
	us-gaap	Stock Issued1 StockIssued1	1068000	usd
	us-gaap	Stock Issued1 StockIssued1	0	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	873000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	254000	usd
CY2021Q4	nvts	Reverse Recapitalization Exchange Ratio ReverseRecapitalizationExchangeRatio	1.0944
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2302000	usd
CY2022Q2	us-gaap	Depreciation Depreciation	186000	usd
	us-gaap	Depreciation Depreciation	352000	usd
CY2021Q2	us-gaap	Depreciation Depreciation	86000	usd
	us-gaap	Depreciation Depreciation	166000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6145000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3958000	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1879000	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1656000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4266000	usd
CY2022Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	867000	usd
CY2021Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	60000	usd
CY2022Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	9358000	usd
CY2021Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	9945000	usd
CY2022Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	3770000	usd
CY2021Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1973000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	13995000	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	11978000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	610000	usd
CY2022Q2	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6000	usd
CY2021Q2	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6000	usd
CY2022Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	5333000	usd
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6933000	usd
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	3200000	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3200000	usd
CY2022Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	11000	usd
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	17000	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2122000	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3716000	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	1600000	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	3200000	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	533000	usd
CY2022Q2	nvts	Long Term Debt Maturity After Year Two LongTermDebtMaturityAfterYearTwo	0	usd
CY2022Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	5333000	usd
CY2022Q2	us-gaap	Lease Cost LeaseCost	364000	usd
	us-gaap	Lease Cost LeaseCost	716000	usd
CY2021Q2	us-gaap	Lease Cost LeaseCost	285000	usd
	us-gaap	Lease Cost LeaseCost	552000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	527000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	5892000	usd
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y3M3D
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	966000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths	1502000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Two LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo	1491000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Three LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree	1146000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Four LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour	1149000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Five LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive	1183000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Rolling Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive	1724000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	8195000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1206000	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	6989000	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
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P4Y
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11036000	usd
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	12729000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	36362000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14564000	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	3.34
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Price Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodPricePerShare	0
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue	0
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	3165000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.32
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Intrinsic Value Amount Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedIntrinsicValueAmountPerShare	3.54
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	34000	shares
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Or Expired Price Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredPricePerShare	1.06
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	0.76
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresIntrinsicValue	3.10
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriod	1000	shares
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Price Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodPricePerShare	1.06
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice	1.06
	nvts	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Cancelled Intrinsic Value Amount Per Share ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsCancelledIntrinsicValueAmountPerShare	2.80
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8053000	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.60
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y10M17D
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue	3.26
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	5945000	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.45
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P6Y4M24D
CY2022Q2	nvts	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Price Per Share Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisablePricePerShareAggregateIntrinsicValue	3.41
CY2022Q2	us-gaap	Accrued Bonuses Current And Noncurrent AccruedBonusesCurrentAndNoncurrent	3500000	usd
CY2021Q4	us-gaap	Accrued Bonuses Current And Noncurrent AccruedBonusesCurrentAndNoncurrent	2000000	usd
CY2022Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	6100000	usd
CY2022Q1	nvts	Warrant Liability Initial Fair Value WarrantLiabilityInitialFairValue	81388000	usd
CY2022Q2	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	0	usd
	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	51763000	usd
CY2022Q2	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	0	shares
CY2021Q4	nvts	Earnout Liability EarnoutLiability	96069000	usd
CY2022Q2	nvts	Earnout Liability EarnoutLiability	15913000	usd
CY2021Q4	nvts	Earnout Liability EarnoutLiability	134173000	usd
CY2022Q2	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	54854000	usd
	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	118260000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	33837000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-18650000	usd
	us-gaap	Net Income Loss NetIncomeLoss	113629000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-25995000	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124030000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	121827000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20324000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132132000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20900000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130882000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20324000	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.93
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.93
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.28
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.28
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.89
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.87
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.87
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.28
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124030000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	121827000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20324000	shares
CY2022Q2	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	8102000	shares
CY2021Q2	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	0	shares
	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	9055000	shares
	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	0	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132132000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20900000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130882000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20324000	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	23358000	shares
CY2021Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	67485000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	22756000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	67485000	shares
CY2022Q2	nvts	Employment Agreements Severance Liability Aggregate Payments EmploymentAgreementsSeveranceLiabilityAggregatePayments	1443000	usd

Files In Submission

Name	View Source	Status
0001821769-22-000014-index-headers.html	Edgar Link	pending
0001821769-22-000014-index.html	Edgar Link	pending
0001821769-22-000014.txt	Edgar Link	pending
0001821769-22-000014-xbrl.zip	Edgar Link	pending
exhibit101-ronsheltonoffer.htm	Edgar Link	pending
exhibit311-ceo302cert2q2022.htm	Edgar Link	pending
exhibit312-cfo302cert2q2022.htm	Edgar Link	pending
exhibit321-ceo906cert2q2022.htm	Edgar Link	pending
exhibit322-cfo906cert2q2022.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_0.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nvts-20220630.htm	Edgar Link	pending
nvts-20220630.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
nvts-20220630_cal.xml	Edgar Link	unprocessable
nvts-20220630_def.xml	Edgar Link	unprocessable
nvts-20220630_lab.xml	Edgar Link	unprocessable
nvts-20220630_pre.xml	Edgar Link	unprocessable
nvts-20220630_htm.xml	Edgar Link	completed
R2.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$NVTS
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2022 Q2 Form 10-Q Financial Statement

#000182176922000014 Filed on August 15, 2022

Income Statement

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$NVTS Navitas Semiconductor Corp Stock $nvts

2022 Q2 Form 10-Q Financial Statement

#000182176922000014 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVTS
Navitas Semiconductor Corp Stock $nvts