Navitas Semiconductor is trading about 11% down today at $10.16 in pre-market. This sharp decline follows the company's second-quarter results, which revealed a GAAP net loss of $228.2 million (including a significant non-cash earnout remeasurement). This loss overshadowed: - Revenue of $10.5 million that beat analyst estimates. - Strong third-quarter guidance for approximately 28% sequential revenue growth, projecting $13.5 million. The market reaction indicates investor concern over the significant loss, despite the company's ongoing pivot to high-power AI data center markets.