Overview
- Navitas appointed Gregory M. Fischer to its board, prompting a 15.25% jump and an $11.82 close on heavier trading.
- Fischer, a former Broadcom senior vice president, will serve as a Class III director with seats on the Compensation and Executive Steering committees.
- The company recently named Tonya Stevens as chief financial officer, replacing Todd Glickman.
- Navitas is redirecting its business toward AI data centers, launching a 96.5%‑efficient DC‑DC power board for NVIDIA systems and new silicon‑carbide MOSFET packages.
- The company posted an adjusted 2025 loss of about $41 million, and analysts still model modest losses through 2028 as shares trade near 42 times sales at a roughly $2.4 billion value.