Enovix: Epic Rally But Company Remains A Show-Me Story [Seeking Alpha]
Enovix Corporation (ENVX)
Company Research
Source: Seeking Alpha
Management also reiterated plans for initial sample production and subsequent volume manufacturing at its new facility in Malaysia. However, production equipment still requires final acceptance testing and timelines appear aggressive. While the company is taking measures to reduce cash burn, cash outflows are likely to remain elevated for the next couple of quarters, thus increasing the risk for an equity raise next year. Reiterating "Sell" on elevated risk of the company falling short of its ambitious targets. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Note: I have covered Enovix Corporation or "Enovix" ( NASDAQ: ENVX ) previously, so investors should view this as an update to my earlier article on the company. After the close of Wednesday's regular session, advanced lithium-ion battery manufacturer Enovix reported Q1/2024 results somewhat ahead of expectations but ap
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ENVX
News
- Bedrock Materials Secures $9 Million Seed Funding, Establishes R&D Headquarters in Chicago [Yahoo! Finance]Yahoo! Finance
- Enovix Begins Customer Sampling of EX-1M Batteries [Yahoo! Finance]Yahoo! Finance
- Enovix Begins Customer Sampling of EX-1M BatteriesGlobeNewswire
- Enovix to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Enovix to Participate in Upcoming Investor ConferencesGlobeNewswire
ENVX
Earnings
- 5/1/24 - Beat
ENVX
Sec Filings
- 5/15/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- ENVX's page on the SEC website