Ming-Chi Kuo predicts that Navitas will stop losing money as soon as the first quarter of 2023.
(Picture taken from Navitas official website)
[Financial Channel/Comprehensive Report] Ming-Chi Kuo, a well-known analyst at Tianfeng International, tweeted on Twitter on Wednesday (22nd), predicting that Navitas will stop losing money from the first quarter of 2023 at the earliest. The increase will exceed the market consensus of 50-60% in 2022.
Ming-Chi Kuo pointed out in a tweet that Navitas’s strong revenue momentum in 2023 is mainly due to the contribution of its GaN and SiC businesses.
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According to Ming-Chi Kuo's analysis, the growth of Navitas GaN business benefits from the steady growth of Apple (Apple) orders and new customers of consumer electronics brands (mainly Chinese brands); while SiC applications are mainly electric vehicles and renewable energy storage.
Finally, Ming-Chi Kuo pointed out that the gross profit of Navitas SiC and GaN is about 40-45% and 60-70% respectively. Since SiC revenue may surpass GaN in 2023, Navitas's profit in 2023 is expected to improve significantly.
And because inventory adjustment will end in the first half of 2023, Ming-Chi Kuo predicts that Navitas will stop losing money as soon as the first quarter of 2023.
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