Core Insights - Enovix Corporation reported preliminary financial results for Q2 2025, achieving revenue of $7.5 million, exceeding guidance and nearly doubling from Q2 2024, driven by strong customer demand [1][6] - The company has achieved positive gross profit for three consecutive quarters, with GAAP gross profit of $0.8 million and non-GAAP gross profit of $1.2 million [1][6] - Enovix is positioned for significant scaling as new products and customers come online, indicating a positive outlook for future growth [1][2] Financial Performance - Revenue for Q2 2025 was $7.5 million, surpassing the guidance range of $4.5 million to $6.5 million, and nearly double the revenue of $3.8 million in Q2 2024 [6] - GAAP Gross Profit was $0.8 million, while non-GAAP Gross Profit was $1.2 million, compared to a GAAP gross loss of $0.7 million in Q2 2024 [6][12] - GAAP Operating Loss was $43.8 million, and non-GAAP Operating Loss was $27.8 million, both better than the guidance range of $31 million to $37 million [6][20] - GAAP Net Loss attributable to Enovix was $43.3 million, an improvement from $115.9 million in Q2 2024, while non-GAAP Net Loss was $28.4 million, compared to $24.9 million in the same period last year [6][23] - Adjusted EBITDA Loss narrowed to $21.4 million, ahead of guidance and improved from $26.4 million in Q2 2024 [6][18] Cash Position - As of June 29, 2025, Enovix had approximately $203 million in cash, cash equivalents, and short-term investments, following the completion of the SolarEdge asset acquisition in South Korea [6]

FREMONT, Calif., July 02, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $60 million of its outstanding common stock. The repurchase program is designed to provide Enovix with greater flexibility in managing its capital structure, including the ability to respond to market volatility and return value to sharehold ...

Enovix Corporation (ENVX) shares soared 20.8% in the last trading session to close at $10.53. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.1% gain over the past four weeks.ENVX is benefiting from its unique 100% active silicon anode architecture, enabling superior energy density, fast charging, and competitive performance across multiple markets like smartphones, smart glasses, and defense applications. This company is expec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to __________ Enovix Corporation (Exact Name of Registrant as Specified in Charter) Delaware 001-39753 85-3174357 (State or Other Jurisdiction of Incorporation) ...

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing with PricewaterhouseCoopers before transitioning to day trading nearly 20 years ago [2] - Successfully navigated significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Enovix (ENVX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Robert Lahey - Head of Investor RealtionsRaj Talluri - President & CEORyan Benton - CFOMark Shooter - Sr. Associate - Energy & Sustainability Equity ResearchColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization ResearchAjay Marathe - COOBill Peterson - Equity Research Conference Call Participants George Gianarikas - Managing Director and Senior AnalystAnanda Baruah - Stock AnalystDerek Soderber ...

Enovix (ENVX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Robert Lahey - Head of Investor RealtionsRaj Talluri - President & CEORyan Benton - CFOMark Shooter - Sr. Associate - Energy & Sustainability Equity ResearchColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization ResearchAjay Marathe - COOBill Peterson - Equity Research Conference Call Participants George Gianarikas - Managing Director and Senior AnalystAnanda Baruah - Stock AnalystDerek Soderber ...

Enovix (ENVX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Speaker0 Thank you for standing by, and welcome to the Enovix Corporation First Quarter twenty twenty five Earnings Conference Call. Currently, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. As a reminder, today's program will be recorded. And now I'd like to introduce your host for today's program, Robert Leahy, Head of Investor Relations. Please go ahead, sir. Speaker1 ...

Investor Presentation April 2025 Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding our ability to build and scale our advanced silicon-anode lithium-ion battery; our production and commercialization plans, strategy and product development roadmap, including the readiness, performance, timing and customer qualification o ...

In the first quarter of 2025, Enovix advanced across critical milestones with our lead smartphone customer, keeping us on track for a customer product launch later this year. We also strengthened our leadership team, expanded our manufacturing footprint through a strategic acquisition in South Korea, and accelerated progress towards mass production readiness at Fab2 in Malaysia. Recent Highlights Exhibit 99.1 Enovix Announces First Quarter 2025 Financial Results FREMONT, Calif., April 30, 2025 -- Enovix Cor ...