Navitas Semiconductor Corporation was incorporated in Delaware on August 12, 2020. Founded in 2014, the company is an industry leader in GaN power ICs. Navitas has a strong and growing team of power semiconductor industry experts with 300 years of experience in materials, equipment, applications, systems and marketing, combined with a proven track record of innovation by its founders with over 200 patents. GaN power ICs integrate GaN power with drive, control and protection to enable faster charging, higher power density and greater energy savings for mobile, consumer, enterprise, electric vehicle and new energy markets.
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Valuation metrics are extreme and cannot be justified by traditional fundamentals due to the absence of profits and collapsing revenue. The Price-to-Sales ratio of 128.18 is astronomically high, and the current price of $22.21 is massively overvalued relative to the company's financial reality.
