Navitas Semiconductor Corp's stock surged 5.45% during pre-market trading on Wednesday, following the release of its fourth-quarter earnings report.
The company reported a narrower adjusted loss of $0.05 per share compared to $0.06 a year earlier, while revenue of $7.3 million exceeded analysts' expectations of $6.9 million. Additionally, Navitas provided first-quarter revenue guidance of $8 million to $8.5 million, surpassing the consensus estimate of $7.7 million.
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