Enovix Corp (ENVX) Reports Strong Revenue Growth Amidst Scaling Efforts [Yahoo! Finance]
Enovix Corporation (ENVX)
Company Research
Source: Yahoo! Finance
Manufacturing Expansion: Progress in scaling operations with the build-out of Fab2 in Malaysia. Technical Milestones: Confidence in achieving 1,000 cycles for smartphone-class silicon batteries. Financial Health: Ended Q4 with $306.8 million in cash, cash equivalents, and short-term investments. Outlook: Q1 2024 revenue projected between $3.5 million and $4.5 million, with an adjusted EBITDA loss of $24 million to $31 million. Warning! GuruFocus has detected 3 Warning Signs with ENVX. On February 20, 2024, Enovix Corp ( NASDAQ:ENVX ) released its 8-K filing , announcing financial results for the fourth quarter and full year of 2023. The advanced silicon battery company, known for its development and production of high-performance batteries for various applications, including electric vehicles and energy storage, reported a record top-line performance for the quarter. Financial Performance and Challenges Enovix Corp's Q4 revenue reached $7.4 million, a substantial increa
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ENVX
News
- Enovix Co. (NASDAQ: ENVX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Enovix Co. (NASDAQ: ENVX) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $30.00 price target on the stock.MarketBeat
- Enovix to Release First Quarter 2024 Financial Results on May 1, 2024, and Additionally Host Live “Ask Me Anything” Video Call with CEO Dr. Raj Talluri on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Enovix to Release First Quarter 2024 Financial Results on May 1, 2024, and Additionally Host Live “Ask Me Anything” Video Call with CEO Dr. Raj Talluri on May 6, 2024GlobeNewswire
- Enovix Announces Fab2 Manufacturing Milestones [Yahoo! Finance]Yahoo! Finance
ENVX
Earnings
- 2/20/24 - Beat
ENVX
Sec Filings
- 4/25/24 - Form 4
- 4/19/24 - Form 4
- 4/16/24 - Form 4
- ENVX's page on the SEC website