🔹 Revenue $10.1M (Est. $10.0M) 🟢; down from $21.7M YoY
🔹 Adj Loss/Share $0.05 (Est. -$0.05) 🟡
🔹 Cash & Equivalents $150.6M
Q4’25 Outlook
🔹 Revenue $7.0M (Est. $10.0M) 🔴
🔹 Non-GAAP Gross Margin ~38.5% ±50bps
🔹 Non-GAAP Opex ~$15M
Strategic & Market Updates
🔹 “Navitas 2.0” pivot toward high-power GaN & SiC markets
🔹 Focus: AI data centers, HPC, energy grid, and industrial electrification
🔹 Partnered with NVIDIA for next-gen 800V DC AI factory power architecture
🔹 Sampling 2.3kV & 3.3kV SiC modules for energy-storage and grid clients
🔸 CEO: “We’re pivoting decisively from consumer to high-power segments to drive scale, profitability, and long-term value.”