Navitas Semiconductor, the Industry Leader in Gallium Nitride (GaN) Power ICs, Announces Fourth Quarter and Full Year 2021 Financial Results

________________________
1 Retroactively restated to give effect to the October 19, 2021 reverse recapitalization.

SUPPLEMENTAL INFORMATION:        
   Three Months Ended
  Year Ended
   December 31,  December 31,
    2021    2020    2021    2020 
Stock-based compensation expenses included in:        
Net revenues $  $331  $163  $331 
Research and development  4,926   302   6,624   477 
Selling, general and administrative  21,713   182      34,617       228  
Total stock-based compensation expense   $ 26,639     $ 815     $ 41,404     $ 1,036  
Research and development includes:                
Amortization of acquisition-related intangible assets   $ 87     $ 83     $ 361     $ 167  
Other acquisition-related expenses included in:                
Research and development   $ 500     $     $ 500     $  
Selling, general and administrative     1,795             1,795        
Total other acquisition-related expenses   $ 2,295     $     $ 2,295     $  
                 

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