Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
United StatesIPO:
05 January 2021Website:
http://www.enovix.comNext earnings report:
20 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 20 Nov 2024 00:48:30 GMTDividend
Analysts recommendations
Institutional Ownership
ENVX Latest News
FREMONT, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today its participation in the following upcoming investor events:
FREMONT, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it completed a secondary equity offering. On Friday November 1, the Company received approximately $96 million dollars net of fees related to the transaction. As a result, the Company now expects to close 2024 with cash levels of approximately $245 million, compared to the prior expectation of $150 million.
Advanced lithium-ion battery manufacturer Enovix reported Q3/2024 results in line with muted expectations. As the company continues to invest in its Malaysian manufacturing operations, cash burn remains elevated. While the company's financial performance was nothing to write home about, investors cheered the announcement of a new development agreement with a leading Chinese smartphone OEM. On the conference call, management reiterated expectations for high volume manufacturing to ramp in late 2025 and rising exponentially in 2026.
Enovix Corporation (NASDAQ:ENVX ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Robert Lahey - Head-Investor Relations Raj Talluri - President & Chief Executive Officer Farhan Ahmad - Chief Financial Officer Ajay Marathe - Chief Operating Officer Conference Call Participants Ananda Baruah - Loop Capital Markets Colin Rusch - Oppenheimer Bill Peterson - JPMorgan George Gianarikas - Canaccord Gus Richard - Northland Gabe Daoud - Cowen Derek Soderberg - Cantor Sean Milligan - Janney Mark Shooter - William Blair Tony Stoss - Craig-Hallum Operator Thank you for standing by, and welcome to the Enovix Corporation Third Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.
Enovix Corporation (ENVX) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.19 per share a year ago.
FREMONT, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it executed a development agreement with one of the leading global smartphone OEMs with top 5 market share in China. Under the terms of the agreement and subject to applicable milestones, the companies will develop a 100% active silicon anode battery customized for specific smartphone models targeted for launch in Q4 2025. The company now has agreements with 2 of the leading smartphone OEMs and has further sales momentum building in IoT and EV markets.
Enovix is a speculative pre-revenue company developing small batteries for wearable devices, with a price target of $17 by end of 2025. Recent shipment of EX-1M battery cell samples from Malaysia indicates progress towards high-volume production in 2025, a crucial milestone. Despite expected shareholder dilution, insider stock purchases show confidence; Enovix aims for 50% gross margins and 30% operating margins by 2026.
Amid another week of earnings season volatility, there are two major market movers this afternoon, heading in opposite directions on the charts.
FREMONT, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it will release financial results for the third quarter of 2024 on Tuesday, October 29, 2024, after the close of the market.
Investors looking to minimize their day-to-day involvement in portfolio management—or to reduce their inclination to make impulsive trades—frequently turn to a buy-and-hold strategy. This approach to investing typically involves identifying target securities that are likely to provide solid returns over an extended period of time based on their fundamentals, adding them to a portfolio, and leaving them untouched even as share prices might experience local volatility.
What type of business is Enovix?
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
What sector is Enovix in?
Enovix is in the Industrials sector
What industry is Enovix in?
Enovix is in the Electrical Equipment & Parts industry
What country is Enovix from?
Enovix is headquartered in United States
When did Enovix go public?
Enovix initial public offering (IPO) was on 05 January 2021
What is Enovix website?
https://www.enovix.com
Is Enovix in the S&P 500?
No, Enovix is not included in the S&P 500 index
Is Enovix in the NASDAQ 100?
No, Enovix is not included in the NASDAQ 100 index
Is Enovix in the Dow Jones?
No, Enovix is not included in the Dow Jones index
When was Enovix the previous earnings report?
No data
When does Enovix earnings report?
The next expected earnings date for Enovix is 20 February 2025