Navitas Semiconductor Corp
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
NVTS$9.38-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flow for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(16,829) | $(3,681) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 807 | 722 |
| Amortization of intangible assets | 4,734 | 4,774 |
| Non-cash lease expense | 461 | 601 |
| Stock-based compensation expense | 6,972 | 13,548 |
| Allowance for expected credit losses | 346 | — |
| Loss from equity method investment | 280 | — |
| Gain from change in fair value of earnout liability | (8,113) | (26,199) |
| Deferred income taxes | (13) | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 1,209 | 3,659 |
| Inventories | (585) | (10,010) |
| Prepaid expenses and other current assets | (609) | 595 |
| Other assets | 7 | 138 |
| Accounts payable, accrued compensation and other accrued expenses | (1,729) | (532) |
| Operating lease liability | (471) | (519) |
| Customer deposit and deferred revenue | — | (2,879) |
| Net cash used in operating activities | (13,533) | (19,783) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Investment purchases | — | (2,500) |
| Purchases of property and equipment | (41) | (2,898) |
| Net cash used in investing activities | (41) | (5,398) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock in connection stock option exercises | 131 | 236 |
| Proceeds from employee stock purchase plan | 818 | 1,788 |
| Net cash provided by financing activities | 949 | 2,024 |
| NET INCREASE (DECREASE) IN CASH | (12,625) | (23,157) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD | 88,240 | 152,839 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD | $75,615 | $129,682 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ||
| Cash and cash equivalents | $75,132 | $128,907 |
| Restricted cash | 483 | 775 |
| TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $75,615 | $129,682 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | $64 | $27 |
| Capital expenditures in accounts payable | $314 | $942 |
| Shares issued in connection with annual bonus | $2,988 | $7,715 |
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