CORRECTION -- Navitas Semiconductor to Participate in Upcoming Investor US & Asia Conferences
Executives to review drivers of $1B pipeline and record revenue, up 110%
TORRANCE, Calif., Aug. 18, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline by Navitas Semiconductor, please note that the second paragraph should have read "Navitas’ Q2 2023 results" and not "Navitas’ Q3 2023 results". The corrected release follows:
, the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced participation in a series of upcoming investor conferences:
Navitas’ Q2 2023 results included record revenue, up 110% vs. Q2 2022 to $18.1 million, gross margin of 41.5%, cash of $177.7 million, and a 30% increase in customer pipeline to over $1 billion.
“Navitas was founded with the mission to ‘Electrify Our World’ as we accelerate the planet’s transition from fossil-fuels to renewable energy sources and clean-energy applications,” said Gene Sheridan, CEO and co-founder. “As the only pure-play, next-gen, power semi company, our leading-edge GaN and SiC technologies are delivering extraordinary growth in both near-term revenue and our customer opportunity pipeline across all key markets including EV, renewable energy, data center, appliance/industrial and mobile segments.”
Conferences by date:
Needham: 4th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference
August 22nd, 1-on-1 meetings
Gene Sheridan, CEO, Ron Shelton, CFO, and Stephen Oliver, VP Corp. Mktg & IR.
To register, please contact your Needham sales professional.
Fubon Securities
August 22nd, 10pm US eastern / August 23rd 10am Taiwan
Gene Sheridan, CEO, Ron Shelton, CFO and Stephen Oliver, VP Corporate Marketing & IR
To attend, please contact Melody Teng, Global Equities Division at
CICC (in Mandarin, 普通话)
August 23rd, 10pm US eastern / August 24th 10am Hong Kong/China
Charles (Yingjie) Zha, VP & GM Navitas China and Ron Shelton, CFO
To attend, please contact Nicole Yang, CICC Research Department at
China Renaissance
August 24th, 9pm US eastern / August 25th 9am Hong Kong/China
Gene Sheridan, CEO, Ron Shelton, CFO and Stephen Oliver, VP Corporate Marketing & IR
To attend, please contact Annie Liu, Corporate Access at
Jefferies: Jefferies Semiconductor, IT Hardware & Communications Technology Summit
August 29th, 1-on-1 meetings, Four Seasons Hotel, Chicago, IL.
Ron Shelton, CFO and Stephen Oliver, VP Corporate Marketing & IR.
Deutsche Bank: 2023 Technology Conference
August 30th, 1-on-1 meetings, Waldorf Astoria Monarch Beach, Dana Point, CA.
Gene Sheridan, CEO.
For more information, please contact your Deutsche Bank representative.
About Navitas
(Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, founded in 2014. integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include EV, solar, energy storage, home appliance / industrial, data center, mobile and consumer. Over 185 Navitas patents are issued or pending. Over 100 million GaN and 12 million SiC units have been shipped, and with the industry’s first and only . Navitas was the world’s first semiconductor company to be .
Navitas, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact Information
Stephen Oliver, VP Corporate Marketing & Investor Relations
A photo accompanying this announcement is available at
