Navitas Semiconductor Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
For the six months, sales was USD 15.35 million compared to USD 10.77 million a year ago. Net income was USD 113.63 million compared to net loss of USD 26 million a year ago. Basic earnings per share from continuing operations was USD 0.93 compared to basic loss per share from continuing operations of USD 1.28 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to diluted loss per share from continuing operations of USD 1.28 a year ago.