FREMONT, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (Nasdaq: ENVX), a global high-performance battery company, announced today that it commenced shipping EX-1M battery cell samples from its new Agility Line in Malaysia last week. This is an important milestone on the Company's journey to scale which follows shipping initial samples from Fab1 in California, and opening high-volume Fab2 in Malaysia just this summer. Enovix also recently completed internal UN38.3 certification for ...

FREMONT, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (Nasdaq: ENVX), a global high-performance battery company, today announced its participation in the following investor event: Fireside Chat with Enovix CEO Dr. Raj Talluri, Hosted by William Blair Date: Thursday, September 12, 2024 Time: 4:30 PM ET Webcast link: Available here Live webcasts can be accessed by selecting Events under the News and Events section of the Enovix website at https://ir.enovix.com. Replays of webcasts ...

Daniel Grizelj Enovix (NASDAQ:ENVX) continued to show strong commercial traction, which validates both its technology and premium pricing. With first samples going out to customers, this process of obtaining purchase orders has started, and I will be watching for key commercial milestones like the start of production of the Fab-2 high-volume manufacturing line and winning of any purchase orders with large customers. I have written extensively about Enovix, which can be found here. I think Enovix is starting ...

Meme stocks – just mentioning the concept might cause eyes to roll. And that to be fair is a natural reaction. We're all too familiar with the highly speculative ideas that scream higher, only to leave those with FOMO (or the fear of missing out) holding the bag. That's not to say that the ideas presented below are not speculative; indeed, I would classify them all as highrisk, high-reward ventures. However, these companies go beyond wagering on financially vulnerable cineplex operators or video game retail ...

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 June 30, 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 CORP.) ...

z1b Last May, I initiated my coverage on Enovix Corporation (NASDAQ:ENVX), rating it as a buy with a price target between $31.9 and $52.9 by 2027, per my scenario analysis. Since then, the stock has climbed by as much as 91%, before recently plunging more than 19% on Enovix's Q2 earnings report. In my opinion, this drop was triggered by an overreaction to the Agility line's yields, exacerbated by a broader tech selloff over fears of a recession. That said, the company shared several promising updates during ...

Enovix Corporation (NASDAQ:ENVX) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Charles Anderson - SVP of IR and Corporate Strategy Raj Talluri - President and CEO Farhan Ahmad - CFO Ajay Marathe - COO Conference Call Participants Ananda Baruah - Loop Capital Markets Colin Rusch - Oppenheimer William Peterson - JPMorgan Jed Dorsheimer - William Blair Gabe Daoud - Cowen Derek Soderberg - Cantor Fitzgerald George Gianarikas - Canaccord Genuity Operator Thank you for standing by ...

Core Viewpoint - Enovix Corporation reported a quarterly loss of $0.14 per share, outperforming the Zacks Consensus Estimate of a loss of $0.22, and showing improvement from a loss of $0.19 per share a year ago, indicating a 36.36% earnings surprise [1] Financial Performance - The company posted revenues of $3.77 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.08%, compared to revenues of $0.04 million in the same quarter last year [2] - Over the last four quarters, Enovix has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Movement and Outlook - Enovix shares have increased approximately 12.6% since the beginning of the year, while the S&P 500 has gained 14% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at -$0.18 for the coming quarter and -$0.86 for the current fiscal year [4][7] Estimate Revisions - The trend for estimate revisions for Enovix Corporation is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [5] Industry Context - The Alternative Energy - Other industry, to which Enovix belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, which may impact stock performance [8]

Exhibit 99.1 Enovix Announces Second Quarter 2024 Financial Results FREMONT, Calif., July 31, 2024 -- Enovix Corporation ("Enovix") (Nasdaq: ENVX), a global high-performance battery company, announced today financial results for second quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the second quarter of 2024 we began producing our first batteries in Malaysia and demonstrated strong commercial progress with a handful of leading customers. O ...

FREMONT, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (Nasdaq: ENVX), a global high-performance battery company, announced today financial results for second quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the second quarter of 2024 we began producing our first batteries in Malaysia and demonstrated strong commercial progress with a handful of leading customers. Our recent highlights include: Strong top-line growt ...