$NVTS
Navitas Semiconductor Corp Stock $nvts

$nvts Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000182176923000176 Filed on November 09, 2023

Income Statement

Concept	2023 Q4	2023 Q3	2022 Q4
Revenue	$26.06M	$21.98M	$12.35M
YoY Change	111.0%	114.57%	68.29%
Cost Of Revenue	$15.07M	$14.88M	$7.341M
YoY Change	105.29%	51.02%	79.57%
Gross Profit	$10.99M	$7.100M	$5.008M
YoY Change	119.39%	1715.86%	54.09%
Gross Profit Margin	42.17%	32.31%	40.55%
Selling, General & Admin	$14.92M	$14.42M	$16.87M
YoY Change	-11.52%	-41.09%	-39.03%
% of Gross Profit	135.82%	203.08%	336.76%
Research & Development	$18.09M	$16.55M	$17.16M
YoY Change	5.37%	24.06%	49.32%
% of Gross Profit	164.6%	233.14%	342.73%
Depreciation & Amortization	$5.384M	$600.0K	$4.799M
YoY Change	12.19%	114.29%	2042.41%
% of Gross Profit	49.0%	8.45%	95.83%
Operating Expenses	$37.78M	$35.75M	$34.03M
YoY Change	11.03%	-5.48%	-13.09%
Operating Profit	-$26.79M	-$28.65M	-$29.02M
YoY Change	-7.67%	-23.47%	-19.18%
Interest Expense	$1.963M	$1.695M	$721.0K
YoY Change	172.26%	165.67%	-1343.1%
% of Operating Profit
Other Income/Expense, Net	-$8.251M	$36.19M	$9.616M
YoY Change	-185.8%	-753.92%	-111.46%
Pretax Income	-$33.08M	$7.542M	-$18.22M
YoY Change	81.58%	-117.55%	-84.8%
Income Tax	-$504.0K	$23.00K	-$11.38M
% Of Pretax Income		0.3%
Net Earnings	-$32.58M	$7.519M	-$6.055M
YoY Change	438.03%	-123.07%	-94.95%
Net Earnings / Revenue	-125.03%	34.21%	-49.03%
Basic Earnings Per Share		$0.04
Diluted Earnings Per Share	-$0.18	$0.04	-$0.04
COMMON SHARES
Basic Shares Outstanding	178.5M shares	175.1M shares
Diluted Shares Outstanding		185.6M shares

Balance Sheet

Concept	2023 Q4	2023 Q3	2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$152.8M	$176.7M	$110.3M
YoY Change	38.52%	41.6%	-58.87%
Cash & Equivalents	$152.8M	$176.7M	$110.3M
Short-Term Investments
Other Short-Term Assets	$6.619M	$4.500M	$3.623M
YoY Change	82.69%	32.82%	25.93%
Inventory	$23.17M	$15.90M	$19.06M
Prepaid Expenses
Receivables	$25.86M	$17.57M	$9.262M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$208.5M	$214.7M	$142.3M
YoY Change	46.53%	37.55%	-51.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.154M	$8.392M	$12.91M
YoY Change	-29.11%	46.69%	460.95%
Goodwill	$163.2M	$163.2M	$161.5M
YoY Change	1.05%	1.82%
Intangibles	$91.10M	$96.18M	$105.6M
YoY Change	-13.75%	-12.93%	62029.41%
Long-Term Investments	$2.500M		$1.500M
YoY Change	66.67%
Other Assets	$5.328M	$5.501M	$3.055M
YoY Change	74.4%	38.36%	73.68%
Total Long-Term Assets	$277.1M	$279.2M	$284.6M
YoY Change	-2.65%	-2.73%	6626.85%
TOTAL ASSETS
Total Short-Term Assets	$208.5M	$214.7M	$142.3M
Total Long-Term Assets	$277.1M	$279.2M	$284.6M
Total Assets	$485.5M	$493.9M	$426.9M
YoY Change	13.74%	11.45%	44.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$26.64M	$14.80M	$14.09M
YoY Change	89.09%	58.97%	189.86%
Accrued Expenses	$12.79M	$16.80M	$4.607M
YoY Change	177.71%	174.02%	74.57%
Deferred Revenue	$10.95M	$13.76M	$486.0K
YoY Change	2153.7%		1575.86%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00
YoY Change			-100.0%
Total Short-Term Liabilities	$50.38M	$45.39M	$18.69M
YoY Change	169.52%	143.47%	74.25%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Other Long-Term Liabilities	$53.51M	$43.40M	$18.33M
YoY Change	191.95%		30445.0%
Total Long-Term Liabilities	$53.51M	$43.40M	$18.33M
YoY Change	191.95%	3180.42%	385.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$50.38M	$45.39M	$18.69M
Total Long-Term Liabilities	$53.51M	$43.40M	$18.33M
Total Liabilities	$104.9M	$90.57M	$44.05M
YoY Change	138.23%	48.33%	-80.85%
SHAREHOLDERS EQUITY
Retained Earnings	-$300.2M	-$267.6M	-$154.8M
YoY Change	93.98%	81.27%	-32.32%
Common Stock	$21.00K	$19.00K	$18.00K
YoY Change	16.67%	5.56%	20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$380.6M	$403.4M	$382.9M
YoY Change
Total Liabilities & Shareholders Equity	$485.5M	$493.9M	$426.9M
YoY Change	13.74%	11.45%	44.42%

Cashflow Statement

Concept	2023 Q4	2023 Q3	2022 Q4
OPERATING ACTIVITIES
Net Income	-$32.58M	$7.519M	-$6.055M
YoY Change	438.03%	-123.07%	-94.95%
Depreciation, Depletion And Amortization	$5.384M	$600.0K	$4.799M
YoY Change	12.19%	114.29%	2042.41%
Cash From Operating Activities	-$22.66M	-$240.0K	-$8.960M
YoY Change	152.86%	-98.6%	-47.01%
INVESTING ACTIVITIES
Capital Expenditures	$1.372M	$1.710M	$1.159M
YoY Change	18.38%	-244.92%	-235.56%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	-$2.000K
YoY Change	-100.0%	-100.0%	-97.67%
Cash From Investing Activities	-$1.372M	-$1.710M	-$1.161M
YoY Change	18.17%	-98.26%	23.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	169.0K	900.0K	-4.334M
YoY Change	-103.9%	-635.71%	-101.58%
NET CHANGE
Cash From Operating Activities	-22.66M	-240.0K	-8.960M
Cash From Investing Activities	-1.372M	-1.710M	-1.161M
Cash From Financing Activities	169.0K	900.0K	-4.334M
Net Change In Cash	-23.86M	-1.050M	-14.46M
YoY Change	65.06%	-99.09%	-105.62%
FREE CASH FLOW
Cash From Operating Activities	-$22.66M	-$240.0K	-$8.960M
Capital Expenditures	$1.372M	$1.710M	$1.159M
Free Cash Flow	-$24.03M	-$1.950M	-$10.12M
YoY Change	137.45%	-87.79%	-36.97%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6532000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6381000	usd
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CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1824000	usd
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CY2023Q3	us-gaap	Minority Interest MinorityInterest	0	usd
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CY2022Q3	us-gaap	Profit Loss ProfitLoss	-32828000	usd
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CY2022Q2	us-gaap	Profit Loss ProfitLoss	33837000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	246879000	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	1316000	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	146312000	usd
CY2022Q3	nvts	Stock Issued During Period Value Issued For Transaction Fees StockIssuedDuringPeriodValueIssuedForTransactionFees	1000000	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	14722000	usd
CY2022Q3	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	4655000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	54000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-32828000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	382110000	usd
	us-gaap	Profit Loss ProfitLoss	-113373000	usd
	us-gaap	Profit Loss ProfitLoss	80801000	usd
	us-gaap	Depreciation Depreciation	1550000	usd
	us-gaap	Depreciation Depreciation	632000	usd
	nvts	Amortization Of Intangibles AmortizationOfIntangibles	14046000	usd
	nvts	Amortization Of Intangibles AmortizationOfIntangibles	2408000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	1449000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	480000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-85000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2174000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	41810000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	52136000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	7000	usd
	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 Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	-25503000	usd
	nvts	Fair Value Adjustment Of Earnout Liabilities FairValueAdjustmentOfEarnoutLiabilities	112162000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-10185000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	8446000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	479000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3157000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2731000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	888000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-335000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1649000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-498000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	20761000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	2778000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-1452000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-466000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-17442000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-35537000	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	1000000	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	0	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	96355000	usd
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	0	usd
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	5204000	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	1500000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3410000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3485000	usd
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	usd
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	97000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4410000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-106447000	usd
	us-gaap	Payments For Repurchase Of Warrants PaymentsForRepurchaseOfWarrants	0	usd
	us-gaap	Payments For Repurchase Of Warrants PaymentsForRepurchaseOfWarrants	38000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	550000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1754000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1512000	usd
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	86941000	usd
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	0	usd
	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	482000	usd
	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2400000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	88213000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1476000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	66361000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-143460000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	110337000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	268252000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	176698000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	124792000	usd
	nvts	Noncash Or Part Noncash Transaction Net Assets Acquired Through Change In Control Of Joint Venture NoncashOrPartNoncashTransactionNetAssetsAcquiredThroughChangeInControlOfJointVenture	0	usd
	nvts	Noncash Or Part Noncash Transaction Net Assets Acquired Through Change In Control Of Joint Venture NoncashOrPartNoncashTransactionNetAssetsAcquiredThroughChangeInControlOfJointVenture	6444000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	64000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	363000	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Interest Paid Net InterestPaidNet	205000	usd
	nvts	Shares Issued In Connection With Buyout Agreement SharesIssuedInConnectionWithBuyoutAgreement	22400000	usd
	nvts	Shares Issued In Connection With Buyout Agreement SharesIssuedInConnectionWithBuyoutAgreement	0	usd
	us-gaap	Stock Issued1 StockIssued1	0	usd
	us-gaap	Stock Issued1 StockIssued1	147380000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	764000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	803000	usd
CY2023Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	86500000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:139%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the </span></div>date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
CY2023Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	4776000	usd
CY2022Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	4314000	usd
CY2023Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	8767000	usd
CY2022Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	9166000	usd
CY2023Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	2361000	usd
CY2022Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	5581000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	15904000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	19061000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	13147000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	9520000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4755000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2988000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8392000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6532000	usd
CY2023Q3	us-gaap	Depreciation Depreciation	600000	usd
	us-gaap	Depreciation Depreciation	1600000	usd
CY2022Q3	us-gaap	Depreciation Depreciation	300000	usd
	us-gaap	Depreciation Depreciation	600000	usd
CY2023Q3	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	117843000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	21667000	usd
CY2023Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	96176000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	105620000	usd
	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	4602000	usd
	nvts	Amortization Of Intangibles AmortizationOfIntangibles	14046000	usd
CY2023Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	96176000	usd
CY2023Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4800000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	14000000	usd
CY2022Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2200000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2400000	usd
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1600000	usd
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1700000	usd
CY2023Q3	us-gaap	Lease Cost LeaseCost	500000	usd
	us-gaap	Lease Cost LeaseCost	1500000	usd
CY2022Q3	us-gaap	Lease Cost LeaseCost	700000	usd
	us-gaap	Lease Cost LeaseCost	1400000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	464000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1619000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1324000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1229000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1218000	usd
CY2023Q3	nvts	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	1112000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	6966000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	832000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	6134000	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P4Y
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	12079000	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	15774000	usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	6775000	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.59
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y2M12D
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	3729000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.47
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	215000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	1.06
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2831000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.74
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y10D
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	2269000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.66
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y9M7D
CY2022Q1	nvts	Warrant Liability Initial Fair Value WarrantLiabilityInitialFairValue	81400000	usd
	nvts	Fair Value Warrant Changes In Fair Value Gain Loss FairValueWarrantChangesInFairValueGainLoss	51800000	usd
CY2023Q3	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	0	shares
	nvts	Earnout Shares Milestones Number Of Earnout Shares Eligible To Receive EarnoutSharesMilestonesNumberOfEarnoutSharesEligibleToReceive	3333333	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	175103000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	138455000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165719000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127390000	shares
CY2023Q3	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	10523000	shares
CY2022Q3	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	0	shares
	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	0	shares
	nvts	Stock Options And Other Dilutive Awards StockOptionsAndOtherDilutiveAwards	12744000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	185626000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	138455000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165719000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	140134000	shares
CY2023Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	20013000	shares
CY2022Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	30745000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	20013000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	19975000	shares
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.003
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000
CY2022Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.236
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.139
CY2022Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2023Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	usd
	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	usd
CY2023Q3	nvts	Employment Agreements Severance Liability Aggregate Payments EmploymentAgreementsSeveranceLiabilityAggregatePayments	2100000	usd

Files In Submission

Name	View Source	Status
nvts-20230930_cal.xml	Edgar Link	unprocessable
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0001821769-23-000176-index.html	Edgar Link	pending
0001821769-23-000176.txt	Edgar Link	pending
0001821769-23-000176-xbrl.zip	Edgar Link	pending
exhibit311-ceo302cert3q2023.htm	Edgar Link	pending
exhibit312-cfo302cert3q2023.htm	Edgar Link	pending
exhibit321-combined906cert.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nvts-20230930.htm	Edgar Link	pending
nvts-20230930.xsd	Edgar Link	pending
nvts-20230930_g1.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
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nvts-20230930_def.xml	Edgar Link	unprocessable
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Navitas Semiconductor Corp Stock $nvts

2023 Q4 Form 10-Q Financial Statement

#000182176923000176 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVTS Navitas Semiconductor Corp Stock $nvts

2023 Q4 Form 10-Q Financial Statement

#000182176923000176 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVTS
Navitas Semiconductor Corp Stock $nvts