Navitas Semiconductor Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
For the full year, sales was USD 79.46 million compared to USD 37.94 million a year ago. Net loss was USD 145.43 million compared to net income of USD 73.91 million a year ago. Basic loss per share from continuing operations was USD 0.86 compared to basic earnings per share from continuing operations of USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.86 compared to diluted earnings per share from continuing operations of USD 0.51 a year ago.