FREMONT, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the appointment of Kristina Truong as its first Senior Vice President and Chief Accounting Officer. Kristina will oversee all accounting, controllership and financial reporting, including Sarbanes-Oxley controls. She will also play a key role as part of Enovix's senior leadership team, helping to drive operational excellence and fina ...

NEW YORK, Dec. 27, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Enovix Corporation ("Enovix" or the "Company") (NASDAQ: ENVX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Enovix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On December 16, 2024, Eno ...

FREMONT, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the major milestone of shipping second-generation EX-2M samples to customers manufactured in its Malaysian Fab 2 plant. Consistent with its plan, the samples demonstrated an energy density improvement of approximately 10% over EX-1M products scheduled for mass 2025 production in Malaysia. EX-2M is expected to launch in 2026 and assur ...

Enovix Corporation Investigation - Block & Leviton is investigating Enovix Corporation for potential securities law violations [1] - Investors who lost money in Enovix investments may be eligible to recover losses [3] - The investigation focuses on whether the company committed securities law violations [4] Enovix Stock Performance and CFO Departure - Enovix shares dropped over 6% on December 16, 2024, following the sudden departure of CFO Farhan Ahmad [2] - Analysts raised concerns about the timing of the company's $100 million public offering announcement in early November, which came shortly after management stated no immediate capital needs during the Q3 2024 earnings call [2] Block & Leviton's Role and Actions - Block & Leviton is a leading securities class action firm, having recovered billions of dollars for defrauded investors [7] - The firm may file an action to recover losses on behalf of affected investors [4] - Investors are encouraged to contact Block & Leviton via their case website, email, or phone for further information [5][7] Whistleblower Information - Individuals with non-public information about Enovix Corporation are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program [6] - Whistleblowers may receive rewards of up to 30% of any successful recovery [6]

FREMONT, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), a global leader in high-performance batteries, today announced that CFO Farhan Ahmad has left the company and that it is searching for a new CFO. CEO Raj Talluri said, "We thank Farhan for his service, which left us with a healthy balance sheet with over $250 million of cash, a reduced cost structure, a strong global finance team, and a clear financial runway to ramp the production of our high-energy battery in o ...

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: Oppenheimer Fireside Chat with Enovix CEO Dr. Raj Talluri Date: Monday, November 11, 2024 J.P. Morgan Equity Opportunities Forum Date: Thursday, November 14, 2024 Location: Miami Beach, Florida Portfolio managers and analysts who wish to request a meeting should contact their sales representat ...

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. Enovix’s CEO Raj Talluri commented, “As we ...

Shares of Enovix Corporation (ENVX) have been struggling lately and have lost 17.2% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 3501 W Warren Avenue x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 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) (Successor to RODGERS SILICON VALLEY ACQUISITION CO ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15%. A quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.14, delivering a surprise of 36.36%. Over the last four quarters, the company has surpas ...