The company said, “Gross margin for the fourth quarter is expected to expand to 42.5%, plus or minus 30 basis points, and operating expenses, excluding stock-based compensation and amortization of intangible assets, are expected to be approximately $20.0 million in the fourth quarter of 2023.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NVTS:
- Navitas Wins Samsung Galaxy S23 Phone 25W Fast Charger Design
- Navitas Semiconductor wins Samsung Galaxy S23 Phone 25W Fast Charger design
- Navitas Spotlights GaNSafe™: World’s Most-Protected GaN Power Semiconductor, at Premier China Electronics Conference
- Navitas Semiconductor spotlights GaNSafe at CPSS conference
- Navitas Announces Comprehensive Investor Day, 2023
