Enovix Corporation

Enovix Corp. engages in the design and development of silicon-anode lithium-ion batteries. The firm's proprietary 3D cell architecture increases energy density and maintains a high cycle life. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable utilization of renewable energy. The company was founded by Mr. Harrold Jones Rust, III, Ashok Lahiri, and Murali Ramasubramanian in November 2006 and is headquartered in Fremont, CA.

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Enovix reports robust Q4 performance, eyes growth opportunities ahead

Enovix Corporation's Q4 2022 performance showcased strong revenue growth and operational focus.
The company's strengths lie in battery technology, capacity planning, and customer-centric enhancements.
Challenges include production hurdles, cost management, and operational spend, while opportunities exist in partnerships and market growth.

Enovix reports robust Q1 performance, eyes profitability and growth opportunities

Enovix Corporation's Q1 performance reflects strong production achievements and a focus on operational improvements and profitability. While facing challenges in scaling and equipment transitions, the company is strategically positioned for growth with opportunities in customer engagement and revenue generation. Enovix's emphasis on efficiency, profitability, and strategic partnerships highlights a promising outlook for future success.

Enovix exceeds Q2 forecasts, eyes EV and smartphone market growth

Enovix Corporation demonstrated strong operational performance and market acceptance in Q2, with notable achievements in battery production and customer engagements.
While facing challenges in cost optimization and cash management, the company's focus on innovation and strategic planning presents growth opportunities in EV and smartphone markets.
Enovix's emphasis on energy density, fast-charging capabilities, and customer-centric approach positions them well for future success and market competitiveness.

Enovix reports record Q3 revenue, eyes RouteJade for growth

Enovix Corporation's Q3 performance reflects strong revenue growth and strategic acquisitions
The company is focused on efficiency, cost-effectiveness, and technology advancement to meet market demands
Challenges include supply chain issues, revenue recognition complexities, and CapEx planning uncertainties
Opportunities lie in scaling production, leveraging RouteJade's innovation, and expanding into new markets

Enovix Corporation surpasses revenue expectations, eyes strategic collaborations for growth

Enovix Corporation's Q4 2023 earnings call highlighted strong revenue performance, technological advancements in battery manufacturing, and strategic collaborations with key industry players. While facing challenges with equipment depreciation and analyst inquiries, the company remains optimistic about future opportunities in high-volume manufacturing and exclusive partnerships.

Enovix beats revenue forecasts, secures smartphone OEM collaboration for growth

Enovix Corporation's Q1 performance exceeded expectations, showcasing progress in manufacturing and strategic partnerships in the smartphone battery market. While challenges in managing losses persist, the company's strong cash position and focus on cost reduction provide a solid foundation for future growth and innovation.

Enovix beats Q2 revenue forecast, eyes smartphone market growth

Enovix Corporation's Q2 performance exceeded expectations, with strong revenue and liquidity positions.
The company's focus on silicon battery technology and collaborations sets the stage for future growth.
While facing challenges in cost management and production scaling, Enovix is poised to capitalize on revenue growth opportunities in key markets.

Enovix reports revenue growth and strategic partnerships amid financial challenges

Enovix Corporation's Q3 performance reflects revenue growth, operational expansion, and a focus on technological innovation.
While facing financial challenges and industry competition, Enovix's strengths lie in strategic partnerships, market positioning, and production efficiency.
Opportunities in emerging markets and revenue growth projections for Q4 signal a positive trajectory for Enovix's future growth and market presence.

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FREMONT, Calif., June 28, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it has broadened its leadership team responsible for bringing its cell technology to the Electric Vehicle (EV) market.

Enovix Mobility Bolsters Leadership Team

FREMONT, Calif., June 22, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced that it is set to be added as a member of the Russell 2000® and 3000® Indexes, effective after the U.S. market opens on June 27, according to a updated membership list of additions posted by FTSE Russell on June 17, 2022.

Enovix Corporation to Join Russell 2000® and 3000® Indexes

FREMONT, Calif., June 21, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it has shipped its first commercial cells for revenue.

Enovix Ships Commercial Batteries from Fab-1 Production Line

FREMONT, Calif., June 13, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it has demonstrated the ability of its 0.27 Ah Electric Vehicle (EV) test cells to charge from 0-80% state-of-charge in as little as 5.2 minutes and achieve a greater than 98% charge capacity in under 10 minutes.

Enovix Battery Cells Achieve Exceptional, Five-Minute Fast Charge

FREMONT, Calif., May 25, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it has added multiple distributors to support its growth and demand from OEMs in Asia.

Enovix Increases Reach and Expertise in Asia to Support Growing Demand

FREMONT, Calif., May 23, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced its Co-Founder and CTO, Ashok Lahiri, will be speaking at the 12th International Advanced Automotive Battery Conference (AABC) Europe in Mainz, Germany, on June 14, 2022.

Enovix CTO to Speak at 12th International Advanced Automotive Battery Conference in Mainz, Germany

Enovix Corporation (NASDAQ:ENVX ) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Harrold Rust – President, Chief Executive Officer and Co–Founder Steffen Pietzke – Chief Financial Officer Cameron Dales – General Manager & Chief Commercial Officer Ashok Lahiri – Chief Technical Officer & Co-Founder Conference Call Participants Gabe Daoud Jr – Cowen Inc. Colin Rusch – Oppenheimer & Co. Inc. Gus Richard – Northland Securities, Inc. Ananda Baruah – Loop Capital Marc Cohodes – Private Investor Operator Welcome to Enovix Corporation First Quarter 2022 Earnings Conference Call. Currently, all participants are in a listen-only mode.

Enovix Corporation (ENVX) CEO Harrold Rust on Q1 2022 Results - Earnings Call Transcript

FREMONT, Calif., May 11, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it has begun placing equipment orders for its next-generation manufacturing lines (“Gen2”) for the company's second location — Fab-2. Gen2 is designed to be faster and require a smaller footprint than the company's existing manufacturing lines (“Gen1”) at the company's first location in Fremont, Calif.

Enovix Initiates Order of Next-Gen Equipment for Its Second Factory

FREMONT, Calif., May 11, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today posted to its website at https://ir.enovix.com a quarterly shareholder letter containing the financial results for the first quarter of 2022, ending April 3, 2022, and a new investor presentation.

Enovix Announces First Quarter 2022 Financial Results

Enovix has a patented, revolutionary, disruptive battery architecture. Enovix has invented a 100% Silicon anode never before possible which equates to a 2x improvement over Lithium-ion batteries.

Enovix: The Next Disruptor

Today, investors in ENVX stock saw massive buying pressure proliferate as Enovix announced a big production order milestone. The post Why Is Enovix (ENVX) Stock Up 25% Today?

Why Is Enovix (ENVX) Stock Up 25% Today?

The company is among the few lithium-ion battery start-ups to advance to the commercial production and revenue stage.

Why Lithium Battery Stock Enovix Zoomed 36.5% Today

FREMONT, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced that it has cleared a key technology validation milestone and has subsequently received an initial order for its high energy density smartwatch battery from one of the top consumer electronics companies in the world. This order marks the start of the next stage of the customer's product development process.

Enovix Announces Initial Smartwatch Battery Order from Leading Global Consumer Electronics Company

FREMONT, Calif., April 26, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it will release financial results for the first quarter ended April 3, 2022, on Wednesday, May 11, 2022, after the close of the market. Enovix will hold a conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss the company's business and financial results.

Enovix to Release First Quarter 2022 Financial Results on May 11, 2022

Today, we put silicon-anode lithium-ion battery maker Enovix Corp. in the spotlight for the first time. The company believes it has a "best in class" product in several ways but is in the early stages of building out manufacturing capacity.

Enovix Corp.: A First Evaluation

An Additional Layer of Protection Against Thermal Runaway While Maintaining High Energy Density An Additional Layer of Protection Against Thermal Runaway While Maintaining High Energy Density

Enovix Announces BrakeFlow™ Technology

FREMONT, Calif., March 16, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced Ashok Lahiri, Co-Founder and Chief Technology Officer will present at the International Battery Seminar in Orlando, Florida, on Thursday, March 31, 2022 at 12:20 p.m. on “Overcoming Generations of Innovation Roadblocks to Create and Commercialize the Next-Gen Lithium-ion Battery.”

Media Advisory: Enovix Co-Founder and CTO to speak at the International Battery Seminar in Orlando, Florida

Cowen analyst Gabe Daoud lowered the price target on Enovix Corp (NASDAQ: ENVX) to $29 from $32 and maintained an Outperform rating on the shares. Daoud notes its revenue funnel grew as management highlighted significant demand/interest with applications emerging across.

Why Are Enovix Shares Trading Lower Today

Enovix Corporation (ENVX) CEO Harrold Rust on Q4 2021 Results - Earnings Call Transcript

FREMONT, Calif., March 03, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it began delivering qualification cells to customers from its factory in January 2022. This milestone demonstrates the company's first automated production line is capable of producing Enovix batteries that meet customer requirements.

Enovix Delivers Battery Cells From Its Production Line for Final Qualification

FREMONT, Calif., March 03, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced the appointment of Patrick Donnelly as Vice President, Strategic Business Development, focused on Electric Vehicles (EVs). In his role, Donnelly will lead commercialization and partnership efforts for Enovix in the dynamic EV market.

Enovix Names Patrick Donnelly as Vice President, Strategic Business Development, Focused on Electric Vehicles

FREMONT, Calif., March 03, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today posted to its website at https://ir.enovix.com a quarterly shareholder letter containing the financial results for the fourth quarter of 2021 and full year, ending January 2, 2022, and a new investor presentation.

Enovix Announces Fourth Quarter and Full Year 2021 Financial Results

FREMONT, Calif., March 01, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced its participation in the virtual Cowen 2nd Annual Mobility Disruption Conference.

Enovix to Participate in Cowen 2nd Annual Mobility Disruption Conference

FREMONT, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation (Enovix) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of next-generation 3D Silicon™ Lithium-ion batteries, today announced it will participate in Pepcom's Digital Experience! on January 4, 2022 and the Consumer Electronics Show (CES) January 5-6, 2022 in Las Vegas.

Enovix to Showcase Award-Winning Battery Technology at CES 2022

Freyr Battery Inc

Microvast Holdings

Piper Sandler analyst Greg Tuttle initiated coverage on Enovix Corp (NASDAQ:ENVX), FREYR Battery SA (NYSE:FREY), and Microvast Holdings Inc (NASDAQ:MVST). The analyst initiated Enovix with an Overweight rating and a price target of $39, implying an upside of 48.5%.

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