Navitas Semiconductor Stock Update
Navitas Semiconductor (NASDAQ: NVTS) has seen significant stock fluctuations, dropping from a high of $20.16 in November 2021 to a low of $1.52 in April 2023. Currently, shares are trading around $9, largely due to a new partnership with Nvidia (NASDAQ: NVDA) announced in May 2023. However, analysts expect a revenue decline of 45% in 2024 to $45.5 million amidst a challenging market environment.
In 2022, Navitas reported revenue of $37.9 million, which grew to $79.5 million in 2023, but projections indicate a steep drop to $38.6 million in the first nine months of 2025. The company is grappling with issues in the EV and consumer markets, resulting in an expected widening of net losses from $145.4 million in 2023 to $106 million in 2024. Despite these challenges, analysts predict an 84% revenue increase in 2027, fueled by the Nvidia deal and potential market expansion.
