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 ...

Market Opportunity - Smartphone battery leadership opens up a $12 billion+ opportunity[7] - Winning in smartphones opens up an incremental $12 billion TAM in IoT and Computing, with '26 Battery TAM of $8 billion for IoT and $4 billion for Computing[9] - The EV battery TAM is projected to reach $523 billion by 2040[11] Technology and Performance - Enovix offers a multi-generational jump in battery performance with a 30%+ higher energy and faster charge compared to leading 2023 smartphone batteries[14] - Enovix's cell architecture maximizes silicon use, offering a significant advantage over incumbents with only 3-7% active silicon content[16, 17] - Enovix's BrakeFlow™ technology enhances battery safety[19] - Enovix's EV test cells achieved 0-80% state-of-charge in 5.2 minutes[61] - Demonstrated development cell cycle life >1,500 cycles and >10-year projected lifetime with 88% capacity retention after 1,500 cycles[64] Manufacturing and Production - Fab2 in Malaysia opened in 2024 with Agility Line, with capacity for 3 additional high volume lines[6] - Target smartphone production line unit economics include a cash gross margin of 50%+ and an estimated payback period of less than 1 year, with a CapEx per line of $60 million and revenue per line of ~$150 million[23] Financial Performance - Revenue for the quarter ended September 29, 2024, was $4.317 million, compared to $200 thousand for the quarter ended October 1, 2023[36] - Net loss attributable to Enovix for the quarter ended September 29, 2024, was $(22.536) million, compared to $(16.185) million for the quarter ended October 1, 2023[36] - Free Cash Flow for the fiscal year-to-date ended September 29, 2024, was $(152.505) million, compared to $(110.387) million for the fiscal year-to-date ended October 1, 2023[44]

Exhibit 99.1 Enovix Announces Third Quarter 2024 Financial Results FREMONT, Calif., October 29, 2024 -- Enovix Corporation ("Enovix") (Nasdaq: ENVX), a global high-performance battery company, announced today financial results for third quarter 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. Fellow Shareholders, In the third quarter of 2024, we made significant progress on our journey to scale. The unveiling of Fab2 was a major boost in confidence with multiple customers ...

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 agreem ...

Shares of Enovix Corporation (ENVX) have gained 16.6% over the past four weeks to close the last trading session at $10.88, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.25 indicates a potential upside of 104.5%. The mean estimate comprises 12 short-term price targets with a standard deviation of $6.30. While the lowest estimate of $14 indicates a 28.7% increase from the c ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

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. Enovix will hold a live video call at 2:00 PM PT / 5:00 PM ET on October 29, 2024, to discuss the company's business updates, key milestones, and financial results. To join the call, participants must use the following link to regi ...

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 ...