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Navitas Semiconductor announced unaudited financial results for the first quarter ended March 31, 2025.
“Our first quarter featured many industry firsts, including the world’s first production release of GaN bi-directional ICs, a 12 kW AI data center power supply platform and unprecedented reliability standards for both GaN and SiC technology,” said Gene Sheridan, CEO and co-founder. “These technology and reliability achievements, combined with our $450M of design wins announced for last year, positions the company for important growth later this year and in 2026 and beyond. ”
1Q25 Financial Highlights
- Revenue: Total revenue was $14.0 million in the first quarter of 2025, compared to $23.2 million in the first quarter of 2024 and $18.0 million in the fourth quarter of 2024.
- Loss from Operations: GAAP loss from operations for the quarter was $25.3 million, compared to a loss of $31.6 million for the first quarter of 2024 and a loss of $39.0 million for the fourth quarter of 2024. On a non-GAAP basis, loss from operations for the quarter was $11.8 million compared to a loss of $11.8 million for the first quarter of 2024 and a loss of $12.7 million in the fourth quarter of 2024.
- Cash: Cash and cash equivalents were $75.1 million as of March 31, 2025.
Market, Customer and Technology Highlights:
- Announced the world’s first production-released 650 V bi-directional GaN ICs and IsoFast™ high-speed isolated gate-drivers creating a paradigm shift in power by enabling the transition from two-stage to single-stage topologies; targeted applications range widely across EV charging, solar micro-inverters, energy storage, and motor drives.
- Announced a new 12 kW platform design for data centers utilizing the latest GeneSiC™ and GaNSafe™ ICs including Intelliweave™ control technology to enable a doubling of total rack power up to 500 kW to support new generations of AI processors.
- Announced cumulative GaN shipments of over 250M since 2018 across four generations demonstrating unprecedented 100 ppb field reliability track record.
- Announced GeneSiC reliability demonstrated beyond auto-grade with new AEC Plus testing setting new industry standard.
- Announced GaNSafe technology qualification to the challenging Q101 standard and adoption in the industry’s first GaN EV on-board charger production design with Changan, a top EV maker in China and is on-track for a production ramp in early ’26.
- GeneSiC ultra-high voltage 2.3 kV to 6.5 kV targets megawatt-level new energy markets for EV roadside fast chargers, energy storage, renewable and grid infrastructure upgrades.
Business Outlook
- Second quarter 2025 net revenues are expected to be $14.0 to $15.0 million. Non-GAAP gross margin for the second quarter is expected to be 38.5% plus or minus 50 basis points, and non-GAAP operating expenses are expected to be approximately $15.5 million in the second quarter of 2025.
Original – Navitas Semiconductor
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CISSOID announced that its ICM3S series of Inverter Control Modules (ICMs) have been successfully certified by SGS-TÜV Saar for functional safety, achieving ISO26262 ASIL-C Ready status. This certification underscores CISSOID’s commitment to delivering unique, functionally safe and highly customizable solutions that bridge the gap between discrete hardware components and off-the-shelf inverters, enabling optimized power electronics design for electric vehicles and industrial applications.
A Unique, Customizable Inverter Control Solution
The fast-paced evolution of power electronics demands a delicate balance between performance, flexibility, and time-to-market.
Engineers often face a difficult choice: rigid, off-the-shelf inverters that limit optimization or fully custom hardware and software that require extensive development time and validation.
CISSOID’s Inverter Control Modules (ICMs) eliminate this trade-off, offering a pre-qualified, functionally safe solution that combines the efficiency of off-the-shelf systems with the customizability of discrete hardware components. This best-of-both-worlds approach enables manufacturers to tailor their inverter designs to specific voltage, power, and motor control requirements — accelerating development while ensuring safety and performance.
These modules offer:
- Pre-qualified functional safety (ISO 26262 ASIL-C Ready) and optimized performance
- Hardware and software flexibility to adapt to specific motor, voltage, and power requirements
- A streamlined development path that reduces engineering complexity and time-to-market
By integrating field-proven inverter control technology with customizable hardware interfaces, the ICMs allow developers to fine-tune their inverters to maximize efficiency and reliability while ensuring compliance with strict safety standards.
The Inverter Control Modules are built around Intel® Automotive’s Adaptive Control Unit T222, a powerful, flexible processor designed for ultra-fast reaction times to motor events. This application-specific processor delivers high-performance real-time control, enabling precise and efficient inverter operation. The ICMs also support Intel® Automotive’s Adaptive Control APP software, a customizable, high-performance software platform that allows developers to optimize a wide range of motor control topologies. Both the T222 processor and the inverter software suite are ISO 26262 ASIL-D certified. With this combination of advanced hardware and software, CISSOID provides a scalable, functionally safe solution that meets the highest standards while delivering best-in-class performance.
“This certification is a significant achievement, reinforcing our commitment to providing power electronics designers with an adaptable, functionally safe platform,” said Etienne Vanzieleghem, VP Engineering at CISSOID. “By combining the reliability of an off-the-shelf solution with the flexibility of custom hardware integration, our ICMs enable customers to accelerate electrification projects without compromising safety or performance.”
With ASIL-C Ready certification, the ICMs offer a plug-and-play foundation for EV powertrains, industrial automation and renewable energy systems. Their scalability and ease of integration help customers future-proof their designs and reduce development risks, making them a game-changing solution for next-generation electrification.
Original – CISSOID
