Transphorm, Inc. Reports Net Loss of $30.6 Million for Fiscal Year 2023

Transphorm, Inc. (TGAN), a leading semiconductor company, has released its consolidated financial statements for the fiscal year ending March 31, 2023. The company reported a net loss of $30.6 million, indicating a challenging year for Transphorm. Additionally, the company's revenue declined to $16.5 million, reflecting a decrease compared to the previous fiscal year. The financial data reveals the key factors influencing Transphorm's performance and provides insights into its financial position.**

Net Loss of $30.6 Million Highlights Challenges for Transphorm

Transphorm, Inc., a semiconductor company specializing in the development of energy-efficient power conversion solutions, has reported a net loss of $30.6 million for the fiscal year ending March 31, 2023. This significant loss indicates a challenging period for the company, as it grappled with various factors impacting its financial performance.

Revenue Declines to $16.5 Million for Transphorm, Inc