Jack Egan's questions to Navitas Semiconductor Corp (NVTS) leadership • Q1 2025
Question
In a follow-up, Jack Egan asked for an update on the at-the-market (ATM) stock offering and the potential revenue for bidirectional GaN switches next year.
Answer
CFO Todd Glickman stated the ATM offering has not been executed and is available for strategic purposes, noting the company has a cash runway of over seven quarters. CEO Eugene Sheridan estimated the revenue potential for bidirectional GaN is conservatively 'north of $10 million' for next year.