NAVITAS | Jotup

Navitas’ 2,129% Increase in 3-Year Revenue Ranks 72nd in 2023 NA Deloitte Technology Fast 500™

Retrieved on:

Donnerstag, November 9, 2023

Fintech, EV, App Store (iOS/iPadOS), Deloitte Technology Fast 500, Growth, Gallium nitride, Silicon carbide, Telecommunications, WBG, Silicon, Renewable energy

TORRANCE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) has announced that the company has been ranked 72nd on this year’s North American Deloitte Technology Fast 500™ .

Key Points:

TORRANCE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) has announced that the company has been ranked 72nd on this year’s North American Deloitte Technology Fast 500™ .
Now in its 29th year, the Deloitte Technology Fast 500 is an independent ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.
Based on percentage fiscal year revenue growth from 2019 to 2022, Navitas achieved 2,129% growth as GaN and SiC technology enabled efficient, sustainable applications and displaced legacy silicon chips.
When combined, the growth results are extraordinary, and we appreciate the recognition of the Deloitte Fast 500 listing.

Navitas Announces Comprehensive Investor Day, 2023

Retrieved on:

Donnerstag, September 21, 2023

EV, Electronics

TORRANCE, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) announced the 2023 Investor Day, to be held at the company’s new headquarters, on Tuesday 12th December, 2023.

Key Points:

TORRANCE, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) announced the 2023 Investor Day, to be held at the company’s new headquarters, on Tuesday 12th December, 2023.
Four major new GaN/SiC technology platforms and five focus markets, including new GaNSafe technology, positioned to revolutionize AI-based data centers, EV, and renewable applications.
$1B+ customer pipeline & what this means to Navitas growth trajectory, with a preview of 2024 forecast and long-term targets.
Navitas’ unique, detailed view on the past, present and future of power electronics as we look to “Electrify Our World” (guided tour, and management small-group meetings).

Ugreen Introduces World's First 5-Port 300W GaNFast Desktop Charger

Retrieved on:

Dienstag, September 5, 2023

Partnership, PD, Gallium nitride, Overheating, MacBook, Safety, Temperature, ICS, Carbon, Tablet, Amazon, UGREEN, MacBook Pro, Amazon (company), CO2, PVC, Electric battery, Online shopping

WILMINGTON, Del., Sept. 5, 2023 /PRNewswire/ -- Ugreen, a global leader in charging accessories, has partnered with Navitas Semiconductor, the industry leader in gallium nitride (GaN) power integrated circuits (ICs), to announce the release of the world's first 5-port 300W GaN desktop charger – the Ugreen Nexode 300W Desktop Charger.

Key Points:

WILMINGTON, Del., Sept. 5, 2023 /PRNewswire/ -- Ugreen, a global leader in charging accessories, has partnered with Navitas Semiconductor, the industry leader in gallium nitride (GaN) power integrated circuits (ICs), to announce the release of the world's first 5-port 300W GaN desktop charger – the Ugreen Nexode 300W Desktop Charger.
Evan Li, Vice President of Ugreen said, "We are thrilled to introduce the world's first 5-port 300W GaN desktop charger.
A new addition to the Ugreen Nexode series, the Ugreen Nexode 300W Desktop Charger is a high-power device that can fast charge five devices simultaneously, with four USB-C ports and one USB-A port.
Ugreen Nexode 300W desktop charger is available for purchase starting today, September 5th, for $269 in the U.S. on Amazon.com , and Ugreen.com .

Ugreen Introduces World's First 5-Port 300W GaNFast Desktop Charger

Retrieved on:

Dienstag, September 5, 2023

Partnership, PD, Gallium nitride, Overheating, MacBook, Safety, Temperature, ICS, Carbon, Tablet, UGREEN, MacBook Pro, CO2, PVC, Electric battery

BERLIN, Sept. 5, 2023 /PRNewswire/ -- Ugreen, a global leader in charging accessories, has partnered with Navitas Semiconductor, the industry leader in gallium nitride (GaN) power integrated circuits (ICs), to announce the release of the world's first 5-port 300W GaN desktop charger – the Ugreen Nexode 300W Desktop Charger.

Key Points:

BERLIN, Sept. 5, 2023 /PRNewswire/ -- Ugreen, a global leader in charging accessories, has partnered with Navitas Semiconductor, the industry leader in gallium nitride (GaN) power integrated circuits (ICs), to announce the release of the world's first 5-port 300W GaN desktop charger – the Ugreen Nexode 300W Desktop Charger.
"This first 300W GaN desktop charger based on LLC structure can realize such astonishing power density with such small size, which once again propelled the revolution of GaN fast charging."
Evan Li, Vice President of Ugreen said, "We are thrilled to introduce the world's first 5-port 300W GaN desktop charger.
A new addition to the Ugreen Nexode series, the Ugreen Nexode 300W Desktop Charger is a high-power device that can fast charge five devices simultaneously, with four USB-C ports and one USB-A port.

Navitas Semiconductor Announces Second Quarter 2023 Financial Results

Retrieved on:

Montag, August 14, 2023

TORRANCE, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the second quarter ended June 30, 2023.

Key Points:

TORRANCE, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the second quarter ended June 30, 2023.
Gross Margin: GAAP and non-GAAP gross margin for the second quarter of 2023 was 41.5% compared to 41.6% in the second quarter of 2022 and increased from 41.1% for the first quarter of 2023.
Income (Loss) from Operations: GAAP loss from operations for the second quarter was $27.2 million, compared to a loss of $20.0 million in the second quarter of 2022 and a loss of $35.5 million in the first quarter of 2023.
On a non-GAAP basis loss from operations for the quarter was $9.6 million compared with a loss of $8.9 million in the second quarter of 2022 and a loss of $12.3 million in the first quarter of 2023.

HostGPO, the leading procurement marketplace for vacation rental hosts, raises $6M round led by Navitas Capital and OMNIA Partners

Retrieved on:

Donnerstag, Mai 25, 2023

B2B, Negotiation, Knowledge, Entrepreneurship, LOS, GPO, Honesty, LegalZoom, Cryptocurrency, Airbnb, Zillow

LOS ANGELES, May 25, 2023 /PRNewswire/ -- HostGPO, Inc., a group purchasing organization and marketplace for vacation rental hosts to efficiently and cost effectively procure furniture, supplies, and other services to run their properties, has closed a $6M round, its first outside capital to date. Navitas Capital, a leading Los Angeles based venture investor focused on early-stage, built-world technology startups, led the round alongside OMNIA Partners, the largest group purchasing organization in public and private sector procurement. Together, Navitas and OMNIA will help HostGPO accelerate its market leading position by bringing expertise across technology development, real estate marketplaces, procurement know-how, and supply relationships. Also investing in the round is 75&Sunny, the venture firm founded by Spencer Rascoff (Founder, 75 & Sunny Ventures, and co-founder of Zillow and Pacaso), Brian Lee (Co-Founder of LegalZoom & The Honest Company), and PAR Capital Ventures.

Key Points:

In addition to Navitas and OMNIA Partners, notable investors in the round include Spencer Rascoff (75&Sunny), Brian Lee, and PAR Capital Ventures.
Navitas Capital, a leading Los Angeles based venture investor focused on early-stage, built-world technology startups, led the round alongside OMNIA Partners, the largest group purchasing organization in public and private sector procurement.
Together, Navitas and OMNIA will help HostGPO accelerate its market leading position by bringing expertise across technology development, real estate marketplaces, procurement know-how, and supply relationships.
While the vacation rental industry has seen exponential growth since Airbnb, B2B solutions have not kept pace.

Navitas Semiconductor Announces First Quarter 2023 Financial Results

Retrieved on:

Montag, Mai 15, 2023

TORRANCE, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2023.

Key Points:

TORRANCE, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the first quarter ended March 31, 2023.
Net revenues for the first quarter of 2023 increased to $13.4 million, approximately double from the first quarter of 2022 and up 8% from the fourth quarter of 2022.
GAAP and non-GAAP gross margin for the first quarter of 2023 increased to 41.1%, compared to 40.6% for the fourth quarter of 2022.
On a non-GAAP basis the loss from operations for the quarter was $12.3 million, consistent with fourth quarter 2022 performance.

Navitas Assurance Partners Announces Collaboration with Crum & Forster and Great American Insurance Company to Deliver Trade Credit Insurance Capacity to the Energy Market

Retrieved on:

Dienstag, März 21, 2023

Other Energy, Professional Services, Utilities, Oil, Gas, Nuclear, Coal, Alternative Energy, Energy, Small Business, Other Professional Services, Insurance, Finance, Consulting, Knowledge, Growth, Crum, Transport, Face

Navitas Assurance Partners , a specialty managing general underwriter, has entered into a relationship with Crum & Forster’s Credit Division and Great American Insurance Company’s FCIA Trade Credit & Political Risk Division to provide highly rated trade credit insurance capacity to the North American energy markets.

Key Points:

Navitas Assurance Partners , a specialty managing general underwriter, has entered into a relationship with Crum & Forster’s Credit Division and Great American Insurance Company’s FCIA Trade Credit & Political Risk Division to provide highly rated trade credit insurance capacity to the North American energy markets.
The collaboration will leverage each company’s financial strength and specialty focus on the energy sector to meet pent-up demand for alternative assurance products.
“The Navitas team has been integral to the inception, acceptance, and growth of the alternative assurance market,” said Jay Rose, Founder and Managing Director, Navitas Assurance Partners.
“FCIA’s decades of credit insurance underwriting, together with the knowledge and skills of Navitas, will create a solid ground to expand the use of credit insurance in the energy market.”

Navitas Celebrates 75,000,000 GaN Power Shipments

Retrieved on:

Montag, März 20, 2023

Semiconductor, IPO, Dell, EV, OBC, Asus, OPPO, Electronics, AC-DC, Samsung, ICS, Compuware, DC-DC, Silicon carbide, Vehicle-to-everything, Data center, MOSFET, Power, Control, LG, Silicon, CO2, Gallium nitride, Electric motor, Belkin, Lenovo

TORRANCE, Calif., March 20, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, announced an industry milestone of over 75 million high-voltage GaN units shipped.

Key Points:

TORRANCE, Calif., March 20, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, announced an industry milestone of over 75 million high-voltage GaN units shipped.
Navitas was founded in 2014, and pioneered a revolution in power electronics, beginning with the mass production release of GaNFast™ power ICs in 2018 .
GaNFast ICs monolithically-integrate GaN power and GaN drive, plus control and protection.
Navitas SiC is also shipping into the EV market today, and Navitas GaN is in development for multi-kW on-board chargers (OBC) and DC-DC converters.

Navitas Semiconductor Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Donnerstag, Februar 23, 2023

Net revenues for the fourth quarter of 2022 were $12.3 million, up 68% from the fourth quarter of 2021 and up 21% from the third quarter of 2022.

Key Points:

Net revenues for the fourth quarter of 2022 were $12.3 million, up 68% from the fourth quarter of 2021 and up 21% from the third quarter of 2022.
GAAP and non-GAAP gross margin for the fourth quarter of 2022 was 40.6%, compared to 44.3% in the fourth quarter of 2021.
GAAP loss from operations for the fourth quarter was $28.6 million, compared to a loss of $35.9 million in the fourth quarter of 2021.
Non-GAAP loss per diluted share was $0.06 for the fourth quarter of 2022, compared to a non-GAAP loss of $0.07 per share in the fourth quarter of 2021.