Navitas Semiconductor Corporati
13.57+0.74 (+5.77%)
Oct 29, 4:00:00 PM EDT · NasdaqGM · NVTS · USD
Key Stats
Market Cap
2.89BP/E (TTM)
-Basic EPS (TTM)
-0.66Dividend Yield
0%Recent Filings
8-K
Navitas appoints new CEO Allexandre
Navitas Semiconductor appointed Chris Allexandre as President, CEO, and director effective September 1, 2025, succeeding founder Gene Sheridan, who steps down August 31 without disagreements. Allexandre, with 25 years in semiconductors including leading Renesas' $2.5 billion power division, brings expertise in power strategies for cloud, automotive, and industrial markets. The company confirmed unchanged Q3 2025 guidance amid this transition. New leadership aims to drive growth in AI data centers and energy infrastructure, yet integration risks loom.
10-Q
Q2 FY2025 results
Navitas Semiconductor's Q2 FY2025 10-Q filing lacks financial statements, focusing instead on executive transitions. Co-founder Daniel M. Kinzer resigned from the board and employment effective May 1, 2025, under a negotiated separation agreement providing $454,000 in cash severance, 12 months of health benefits continuation, and a prorated 2025 bonus based on actual performance with MBO at 100%. The deal includes potential consulting on gallium nitride tech through May 31, 2025, and preserves up to 511,347 earnout shares from the 2021 business combination. No operating or net income figures appear, so y/y and q/q deltas for revenue, margins, EPS, or cash flow remain undisclosed in the 10-Q. Leadership shakeups like this test continuity. Yet risks from intense semiconductor competition linger.
8-K
Navitas Q2 revenue dips, AI pivot
Navitas Semiconductor reported Q2 2025 revenue of $14.5 million, down from $20.5 million a year ago amid industry headwinds, yet bolstered cash to $161.2 million via a $100 million capital raise from selling 20 million shares. The company sharpened its AI data center push through NVIDIA collaboration for 800V systems and a new low-cost 8-inch GaN foundry with Powerchip, eyeing $2.6 billion market potential by 2030. Q3 revenues expected at $10.0 million. Market acceptance remains uncertain.
8-K
Stockholders approve directors, pay
Navitas Semiconductor's stockholders overwhelmingly reelected Gene Sheridan, Ranbir Singh, and Cristiano Amoruso as Class I directors at the July 8, 2025 annual meeting, with over 73 million votes for each. They also approved executive compensation on an advisory basis and ratified KPMG LLP as auditors for the year ending December 31, 2025. Strong support signals investor confidence. No major dissent emerged.
8-K
ATM offering completed
Navitas Semiconductor wrapped up its at-the-market offering program on July 3, 2025, selling $50 million in Class A shares through Jefferies LLC—the full amount registered and on top of another $50 million from a prior program. Net proceeds will fuel working capital, general corporate needs, and potential acquisitions, though no deals are inked yet. Funds bolster liquidity amid growth pursuits. Forward-looking plans carry execution risks.
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