Navitas Semiconductor Corp (NASDAQ:NVTS) has named Todd Glickman its new interim chief financial officer and treasurer. The appointment is effective October 4, 2024 at Kraft. Glickman, who has been with Navitas since 2015, steps into the role following a shakeup by current CFO Janet Chou.

Glickman, 40, brought more than 18 years of experience in Finance, Accounting, and Corporate Development with him. At Navitas, the implications of the Corporate Controller role and the hatred that the interim CFO position entails are significant. Glickman holds a BBA from the University of Wisconsin – Madison and an MBA from the University of Southern California.

Der Wechsel erolgt, nachdem Chou from personal Gründen zurückgetreten ist. If you concrete, it is no longer possible to solve problems with financial messages, offensives or rechnungslegungspraktiken from Navitas steht.

Navitas, mit Hauptsitz in Torrance, California, is in the Halbleiterbranche tätig (SIC code 3674). The companies of the Unternehmen were traded by the Nasdaq through the Kürzel NVTS.

In others, Navitas reported a figure of US$20.5 million for the second quarter of 2024, an increase of 40% in the annual overview. This investment is based on the Gallium Nitride (GaN) technology of the Unternehmens technology, which is in the market with AI data centers and electrical vehicles and uses.

We are proud to have a solid balance with 112 million US dollars in payments and our debts, as well as an operational satisfaction of 13.3 million US dollars in quarters.

For the number of quarters sold, a turnover of 22 million US dollars was achieved with a gross margin of 40%. The company research with the first GaN-EV-Umsätzen by the end of 2025 and still enables a growth in the solar market further progressing with over 100 customer projects.

Navitas operates on the AC-to-DC server server platforms and ensures that a number of contracts will be offered on the American GaN base in Microwave rectifiers in the coming years. Despite the operative desire in the second quarter, the company is moving over a possibly spreading pipeline in different brands with which design wins.

InvestingPro Introduction

Während Navitas Semiconductor Corp (NASDAQ:NVTS) is engaged in the financing of the financing and market development of the divisions in the sector. Laut InvestingPro data has given a market cap of $465.98 million. A more positive demand, which gave Navitas more money as debt in the Bilanz, was in an unhealthy financial flexibility.

The knowledge of the internal systems is a great picture. With a negative KGV of -8.75 and a bereinigten KGV for the rental price of -4.54, the rental price is below Beobachtung. Analysts have corrected their profit forecasts for the coming period after a while, which allowed them to come up with more ideas about the underlying results. Due to the Navitas action, there is a volatile character: one of 12.78% towards a strong increase of 17.42% in the month and much more lust and a higher month.

If you are on the beach, Navitas will not pay dividends and will not help analysts, while the companies will be profitable in those years. If you want to learn more about the financing and market operation of navigation activities, you can do so at https://de.investing.com/pro/NVTS , where other InvestingPro tips are available.

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