Enovix (US:ENVX)2025-11-05 22:00Financial Performance - Revenue reached $8 million, an 85% year-over-year increase compared to $4.3 million in Q3 2024[6, 23] - Non-GAAP gross profit was $1.7 million with a 21% margin, a significant improvement from the loss in the prior year[6, 23] - Adjusted EBITDA loss improved by $2.3 million year-over-year, with a loss of $21.4 million[6] - Non-GAAP EPS was ($0.14), showing a $0.02 year-over-year improvement[6] - Cash, cash equivalents, and marketable securities totaled $648 million, a 223% increase year-over-year[8] Operational Highlights - The AI-1 smartphone battery's performance was validated by an independent testing firm, confirming the highest energy density reported for a smartphone battery[8] - The company delivered over 1,000 battery packs to a lead smart eyewear customer and samples to 9 other OEMs and ODMs, with some expecting product launches in 2026[8] - The global pipeline for Defense & Industrial sector exceeds $80 million, driven by diversified supply chain advantages[8, 16] Capital Markets Activities - The company completed a shareholder-friendly warrant dividend and issued new convertible notes due in 2030[8] - $360 million 4.75% Convertible Senior Notes due 2030 were issued in September 2025[21] - Approximately $58 million of common stock was repurchased[21]