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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.
Transphorm, Inc. (OTCQX: TGAN) announces participation in two upcoming virtual investor conferences. The Craig-Hallum Institutional Investor Conference is scheduled for June 2, and the Cowen Technology, Media & Telecom Conference will take place on June 3 at 12:30 p.m. ET. Portfolio managers and analysts can request meetings through sales representatives or Transphorm's investor relations. A recorded replay of the Cowen presentation will be available on the Investor Relations website. Transphorm is a leader in high-performance GaN semiconductors for power conversion.
OTC Markets Group Inc. announced that Transphorm, Inc. (OTCQX: TGAN) has upgraded to the OTCQX® Best Market from OTCQB® Venture Market. This transition allows Transphorm to demonstrate its financial qualifications and gain visibility among investors. Trading under the symbol 'TGAN', Transphorm designs and manufactures high-performance gallium nitride (GaN) power conversion products. The company boasts a significant portfolio of over 1,000 patents and aims for high efficiency and reduced costs in power electronics.
Transphorm, Inc. (OTCQX: TGAN) has successfully transitioned to the OTCQX Best Market from the OTCQB Venture Market, enhancing its visibility among U.S. investors. CFO Cameron McAulay emphasized this upgrade aligns with the company's commitment to high financial standards, improving liquidity, and accessibility for shareholders. The OTCQX Market is recognized for providing a premium trading platform that requires companies to meet stringent financial and governance standards. This milestone is seen as a step towards the company's ultimate goal of listing on a national exchange.
Transphorm (OTCQB: TGAN) and Silanna Semiconductor have announced a new 65W USB-C Power Delivery (PD) GaN power adapter reference design. This innovative solution combines Transphorm's SuperGaN® Gen IV platform with Silanna's Active Clamp Flyback PWM controller to achieve peak efficiency of 94.5% and an uncased power density of 30W/in3. The design is suitable for various devices like laptops and smartphones, offering enhanced performance over existing silicon-based options while reducing bill of materials costs.
Transphorm, a leader in gallium nitride (GaN) power conversion products, will host a business update call on May 18, 2021, at 11:30 a.m. PT. The call will cover the company's progress in Q1 2021 and recent milestones in target markets. Interested parties can access the live webcast on Transphorm's website. A replay will be available for 90 days post-call, with a telephone replay accessible starting two hours after the call until May 25, 2021. Transphorm, based in Goleta, CA, is known for its high-performance GaN semiconductors, achieving over 99% efficiency and reduced system costs.
Transphorm, Inc. (OTCQB: TGAN), a leader in gallium nitride (GaN) power conversion, announces participation in two virtual investor conferences. The company will present at the Oppenheimer Emerging Growth Conference on May 12 and the Needham Technology & Media Conference on May 20 at 12:45 p.m. ET. Portfolio managers and analysts can schedule meetings with management through their sales representatives or Transphorm's investor relations. Transphorm specializes in high performance GaN semiconductors, boasting over 1,000 patents and enhancing efficiency and power density in power electronics.
Transphorm, Inc. (OTCQB: TGAN) reported preliminary first quarter revenue of approximately $2.4 million, reflecting a sequential growth of roughly 20%. This surge is attributed to increased adoption of their GaN power devices, particularly for fast chargers, gaming, and data centers. The company shipped over 1 million GaN devices, achieving a significant milestone. Additionally, GAAP operating expenses are expected to rise by about 10% sequentially. Transphorm also finalized a change in its fiscal year-end to March 31, 2021, as it prepares for a planned uplist to Nasdaq.
Transphorm, Inc. (OTCQB: TGAN) announced that its co-founder and COO, Primit Parikh, Ph.D., will appear on Fox Business Network's show, The Claman Countdown, today at 3:30 pm EDT. Transphorm is a leading provider of high-performance gallium nitride (GaN) power conversion products, boasting over 1,000 patents in the field. The company focuses on high voltage GaN semiconductor devices and aims to enhance efficiency, power density, and cost-effectiveness in power electronics, moving beyond traditional silicon limitations.
Transphorm (OTCQB: TGAN) announced that its co-founder and COO, Primit Parikh, Ph.D., will present at the Q1 Virtual Investor Summit on March 25, 2021, at 2 PM ET. This event connects microcap companies with investors, featuring over 100 companies and 300 investors. Registration for the free live broadcast can be done through the provided link. Additionally, a replay will be available on Transphorm’s website for 90 days following the event. Transphorm is a leader in gallium nitride (GaN) power conversion products, promoting advancements in power electronics.