| NAVITAS SEMICONDUCTOR CORPORATION | ||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| (dollars in thousands) | ||||||||
| (Unaudited) | ||||||||
|
March 31,
2022 |
December 31,
2021 | |||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 253,797 | $ | 268,252 | ||||
| Accounts receivable, net | 9,621 | 8,263 | ||||||
| Inventories | 13,130 | 11,978 | ||||||
| Prepaid expenses and other current assets | 2,988 | 2,877 | ||||||
| Total current assets | 279,536 | 291,370 | ||||||
| PROPERTY AND EQUIPMENT, net | 2,471 | 2,302 | ||||||
| OPERATING LEASE RIGHT OF USE ASSETS | 1,391 | — | ||||||
| INTANGIBLE ASSETS, net | 82 | 170 | ||||||
| OTHER ASSETS | 3,423 | 1,759 | ||||||
| Total assets | $ | 286,903 | $ | 295,601 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| CURRENT LIABILITIES: | ||||||||
| Accounts payable and other accrued expenses | $ | 5,216 | $ | 4,860 | ||||
| Accrued compensation expenses | 3,604 | 2,639 | ||||||
| Current portion of operating lease liabilities | 844 | — | ||||||
| Current portion of long-term debt | 3,200 | 3,200 | ||||||
| Other liabilities | 17 | 29 | ||||||
| Total current liabilities | 12,881 | 10,728 | ||||||
| LONG-TERM LIABILITIES: | ||||||||
| LONG-TERM DEBT | 2,919 | 3,716 | ||||||
| OPERATING LEASE LIABILITIES NONCURRENT | 600 | — | ||||||
| WARRANT LIABILITY | — | 81,388 | ||||||
| EARNOUT LIABILITY | 70,767 | 134,173 | ||||||
| OTHER LIABILITIES | — | 60 | ||||||
| Total liabilities | 87,167 | 230,065 | ||||||
| STOCKHOLDERS’ EQUITY: | ||||||||
| Total stockholders’ equity | 199,736 | 65,536 | ||||||
| Total liabilities and stockholders’ equity | $ | 286,903 | $ | 295,601 | ||||
Navitas Semiconductor, Industry-Leader in Gallium Nitride (GaN) Power ICs, Announces First Quarter 2022 Financial Results
 |  | More IC News
|
|
RELATED NEWS
Latest Blog Posts
Team ShareCG
by Team ShareCG
Change in payment schedule for Vendors !!!