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., July 12, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced it will release financial results for the second quarter of 2023 on Wednesday, July 26, 2023, after the close of the market.

Enovix to Release Second Quarter 2023 Financial Results on July 26, 2023

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Datadog: 50 Top Growth Stocks, These 3 Worth Considering

Shares of the lithium-ion manufacturer, Enovix NASDAQ: ENVX, have added to its impressive run, with stock up 40% in the last month. Just under a month ago, when I first covered Enovix, shares were up 13.5% YTD.

Order From U.S. Army Fuels Surge In Enovix Stock

Enovix Corporation has been awarded a significant contract with U.S. Army for its batteries, marking a major milestone. BrakeFlow batteries by Enovix offer nearly double the energy density of current CWB cells, providing a leap in technology. Enovix on track for first production at its Fab2 facility in April '24, setting the stage for rapid revenue growth.

Enovix: Wins Army Contract, Game-Changing Milestone

Enovix Corporation is an advanced lithium-ion battery company. It has enormous potential to disrupt consumer electronics markets, and is well positioned to benefit from growing demand in mobile, Internet of Things, and electric vehicles. In this report, we review the business model, market opportunity, financials, valuation and risks, and then conclude with our strong opinion on investing.

Enovix: Big Disruptive Growth (Advanced Lithium-Ion Batteries)

Enovix Corp. ENVX, +4.25% said late Thursday it has named Farhan Ahmad its chief financial officer, replacing Steffen Pietzke, who is stepping down on July 9. Pietzke will stay on as a consultant for up to six months to ensure a smooth transition, the battery maker said.

Battery maker Enovix names former Micron executive its new CFO

FREMONT, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced the appointment of Farhan Ahmad as Chief Financial Officer, replacing Steffen Pietzke, who is stepping down effective July 9, 2023. Pietzke will stay on as a consultant for up to six months to ensure a smooth transition.

Enovix Announces Farhan Ahmad as Chief Financial Officer

Enovix Corp (NASDAQ:ENVX) is up 13% at $14.83 at last glance, one of the best stocks on the Nasdaq today.

Enovix Stock Jumps on Big Army Order

Enovix (NASDAQ: ENVX ) stock is getting a boost on Tuesday after the active silicon battery company announced an order from the U.S. Army. According to a press release from Enovix, this has the U.S. Army ordering commercial cells for its Conformal Wearable Battery ( CWB ).

Enovix (ENVX) Stock Jumps 13% as U.S. Army Places a Big Order

Batteries Include the Company's Unparalleled Safety System—BrakeFlow™ Batteries Include the Company's Unparalleled Safety System—BrakeFlow™

Enovix Receives Purchase Order to Produce Battery Cells for U.S. Army

FREMONT, Calif., June 26, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced the appointment of Joseph Malchow, founding partner at HNVR Technology Investment Management and board member at Enphase Energy, Inc., and Bernard Gutmann, a 40-year semiconductor industry veteran and former CFO at On Semiconductor, to its Board of Directors (the “Board”) effective June 22, 2023. These appointments expand the Board to eight directors, six of whom are independent.

Enovix Announces Appointment of Joseph Malchow and Bernard Gutmann to Its Board of Directors

Enovix Corporation (ENVX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Enovix Corporation (ENVX): Can Its 10.9% Jump Turn into More Strength?

Shares of Enovix Corp. ENVX rallied nearly 6% in the aftermarket Thursday after the battery maker said it had arrived at a quarterly production milestone ahead of schedule. The Fremont, Calif.

Battery maker Enovix's stock jumps after Q2 production data

FREMONT, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, announced today it has already achieved its second quarter forecast of 18,000 units manufactured out of its Fab1 location in Fremont, and expects to exceed its quarterly guidance for the number of units produced, with more than two weeks remaining in the quarter.

Enovix Achieves Quarterly Milestone Early, Producing 18,000 Cells

Shares of the lithium-ion manufacturer, Enovix NASDAQ: ENVX have been on an impressive run recently, with the stock up close to 30% over the previous three months and up 13.5% YTD. Since making fresh lows at the beginning of the year, the stock has staged an impressive turnaround, up over 100% since the January low of $6.49.

Enovix: A Rising Power in the Lithium-Ion Industry

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FREMONT, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced agreements with Japanese distribution and manufacturing services company, Elematec Corporation (“Elematec”), and South Korean power management and IoT-focused distributor, Semicomtech, to support pan-Asian shipping, distribution and market expansion.

Enovix Expands Asia Presence with Additional Go-to-Market Partners in Japan and South Korea

Enovix Corporation continues to move forward in ramping up its production at a rapid rate, including key hires in Malaysia. A discussion of the Enovix capital raise, plus a capital commitment from insiders. Enovix's business model is expected to see 50% gross margins.

Enovix: Take Charge, Buy This

Enovix's technology brings about a very strong value proposition that would unlock other areas of advancements for its customers. Enovix is clear that it not only has a competitive advantage over competitors but also one that can be sustained over the long run. Management remains on track to producing 180k units from Fab-1 in 2023.

Enovix: The Battery Of The Future Is Looking More Promising

FREMONT, Calif., June 01, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced its Co-Founder and Technical Advisor, Ashok Lahiri, will speak at the 13th International Advanced Automotive Battery Conference (AABC) Europe in Mainz, Germany. The conference is in-person and online June 19-22, 2023.

Enovix Co-Founder to Speak at 13th International Advanced Automotive Battery Conference in Mainz, Germany

Enovix has developed a value proposition that is set to capture a massive portion of the lithium-ion battery market. The management team encompassed by board chair T.J. Rodgers and Raj Talluri should provide investors with confidence that the company can deliver on its promises.

Enovix: Shorts Could Be Playing With Dynamite

The demand for batteries is expected to increase due to public policy supporting EVs and other sustainable measures. Enovix's energy density advantage is a key differentiator achieved through design and architecture choices and silicon anode technology.

Enovix: Differentiating Battery Technology And A Large Runway

Enovix Corporation (ENVX) Q1 2023 Earnings Call Transcript.

Enovix Corporation (ENVX) Q1 2023 Earnings Call Transcript

Enovix Corporation (ENVX) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.13 per share a year ago.

News for Enovix Corporation Stock (ENVX)