CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 100,823	$ 110,337
Accounts receivable, net (less allowance of $300 and $0)	7,423	9,127
Inventories	18,873	19,061
Prepaid expenses and other current assets	2,880	3,623
Total current assets	129,999	142,148
PROPERTY AND EQUIPMENT, net	6,840	6,532
OPERATING LEASE RIGHT OF USE ASSETS	6,537	6,381
INTANGIBLE ASSETS, net	105,569	105,620
GOODWILL	161,442	161,527
OTHER ASSETS	5,581	3,054
Total assets	415,968	425,262
CURRENT LIABILITIES:
Accounts payable and other accrued expenses	13,610	14,653
Accrued compensation expenses	7,711	3,907
Operating lease liabilities, current	1,477	1,305
Other liabilities	674	486
Total current liabilities	23,472	20,351
Operating lease liabilities - noncurrent	5,248	5,263
EARNOUT LIABILITY	40,816	13,064
DEFERRED TAX LIABILITIES	1,829	1,824
Total liabilities	71,365	40,502
COMMITMENTS AND CONTINGENCIES (Note 15)
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value, 750,000,000 shares authorized as of both March 31, 2023 and December 31, 2022, and 160,943,107 and 153,628,838 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	18	18
Additional paid-in capital	561,193	535,875
Accumulated other comprehensive loss	(7)	(7)
Accumulated deficit	(216,601)	(154,754)
Total stockholders’ equity of Navitas Semiconductor Corporation	344,603	381,132
Noncontrolling interest	0	3,628
Total stockholders’ equity	344,603	384,760
Total liabilities and stockholders’ equity	$ 415,968	$ 425,262