October 22, 2021

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

Transphorm’s revenue grows 20% in March quarter

Reflecting the firm’s new fiscal year-end period (as part of its preparations for a planned application to uplist to the Nasdaq Capital Market in second-half calendar 2021), for fiscal fourth-quarter 2021 (ended 31 March) Transphorm Inc of Goleta, near Santa Barbara, CA, USA has reported revenue of $2.42m. This is up 20% on the prior quarter’s $2m and almost doubling from $1.1m a year previously, due to record product sales driven by expanding adoption of its gallium nitride (GaN) devices for power conversion applications. Full-year revenue was $12.7m for fiscal 2021, up slightly on $12.5m in fiscal 2020…