Transphorm Stock Price, News & Analysis

Transphorm, Inc. (TGAN) has secured a $0.9 million contract with DARPA to develop an alternative Nitrogen polar GaN solution for RF/mm-wave applications. This project continues Transphorm's collaboration with the Office of Naval Research and aims to utilize sapphire substrates for enhanced cost efficiency compared to conventional Ga-polar GaN technologies. The program's objectives include establishing the value proposition, defining performance parameters, and assessing the feasibility of manufacturing epiwafer technology. This initiative positions Transphorm as a key supplier in the RF market.

Transphorm, Inc. (OTCQX: TGAN) announced that Yaskawa Electric has converted its $15.6 million convertible note into shares at $5.00 per share. This transaction adds over $17 million to Transphorm's shareholder equity. Yaskawa now holds about 3.1 million shares, equating to a 7% ownership. The companies will continue their multi-year partnership to develop GaN products for robotics and industrial applications, enhancing Transphorm's balance sheet and outlook for a NASDAQ uplisting. Transphorm also emphasizes its unique GaN technology across various applications.

Transphorm, Inc. (OTCQX: TGAN) reported a 33% increase in revenue to $3.2 million for fiscal Q1 2022, boosted by strong sales of GaN devices for fast chargers and higher power applications. However, operating expenses rose to $5.3 million, with a GAAP net loss of ($7.1) million, or ($0.17) per share. Cash reserves decreased from $9.5 million to $2.5 million. The company completed a $5 million private placement on August 13, 2021, and aims to uplist on NASDAQ soon. With ongoing growth, they emphasize the need to expand production capacity to meet rising demand.

Transphorm, Inc. (OTCQX: TGAN) announced a collaboration with Salom to launch a 100W GaN power adapter compliant with Quick Charge 5, expected in Q4 2021. The new adapter can charge smartphones from 0 to 50% in just five minutes and features both traditional power delivery and USB-C programmable power supply modes. Developed with Qualcomm's assistance, this power adapter utilizes Transphorm's high-performance GaN technology, enhancing power efficiency and reducing footprint. The partnership emphasizes quick development and reliability, aiming to improve consumer charging experiences.

Transphorm, Inc. (OTCQX: TGAN) will report its fiscal Q1 2022 financial results on August 16, 2021, after market close. A conference call is scheduled for 2:00 p.m. PT to discuss progress in key markets. Transphorm specializes in high reliability gallium nitride (GaN) power products, boasting a substantial portfolio of over 1,000 patents. Their technology reportedly achieves 99% efficiency and reduces system costs by 20%, further fostering innovation beyond traditional silicon limits.

Transphorm, a leader in GaN power conversion technology, announced participation in two virtual investor conferences. The first is the Oppenheimer Technology, Internet & Communications Conference on August 10, followed by the Canaccord Genuity Annual Growth Conference on August 12. Portfolio managers and analysts can schedule meetings with management through their respective sales representatives. Transphorm is known for its high-performance GaN semiconductors and holds over 1,000 patents, contributing to significant advancements in power efficiency and density.

Transphorm (OTCQX: TGAN) has completed the acquisition of its AFSW wafer-fab facility by GaNovation, a joint venture with JCP Capital. This transaction reduces Transphorm's stake in AFSW from 49% to 25%, cutting direct capital outlay by approximately 50%. The AFSW facility, located in Japan, is considered a leading manufacturing site for GaN power semiconductors. JCP Capital's partnership is expected to enhance GaN wafer production and expand the business, focusing on applications like fast chargers and adapters.

Transphorm, Inc. (OTCQX: TGAN) announced the appointment of Kelly Smales to its Board of Directors effective July 1, 2021. Kelly brings over 30 years of financial expertise in the semiconductor sector, having held roles at renowned companies including Motorola and AMD. Alongside this addition, David Kerko resigned from the Board, effective June 30, 2021, due to new career commitments. Transphorm's CEO, Mario Rivas, expressed optimism about Kelly's contributions, emphasizing enhanced governance and strategic growth.

Transphorm, Inc. (TGAN) reported financial results for Q4 2021, showing a 20% sequential revenue increase to $2.4 million, up from $2.0 million in Q3 2021 and $1.1 million in Q4 2020. The full fiscal year 2021 revenue reached $12.7 million, slightly up from $12.5 million in FY 2020. Despite revenue growth, the company faced a GAAP net loss of ($6.6 million) for Q4 2021, widening from ($4.7 million) in the previous quarter. As of March 31, 2021, cash and equivalents were $9.5 million, down from $14.6 million a year prior.