Enovix Corp is a technology company that specializes in the development and manufacturing of advanced lithium-ion battery solutions
The company focuses on creating high-performance batteries that offer increased energy density and improved safety compared to traditional lithium-ion batteries. Enovix aims to revolutionize various industries, including consumer electronics and electric vehicles, by providing innovative energy storage solutions that meet the growing demand for longer-lasting, efficient, and reliable power sources. Through its proprietary technologies and manufacturing processes, Enovix strives to push the boundaries of battery performance and sustainability.
Enovix reported fourth-quarter revenue of $9.72 million, beating analyst estimates of $8.77 million, according to Benzinga Pro. The company reported a fourth-quarter adjusted loss of 11 cents per share, beating estimates for a loss of 18 cents per share.
FREMONT, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today financial results for the fourth quarter and full year 2024, which included the summary below from its President and CEO, Dr. Raj Talluri.
J.P. Morgan analyst Bill Peterson maintains an Overweight rating on Enovix with a $15 price target. Peterson expects the company's Q4 results to meet expectations, with positive updates on customer discussions, order pipeline, and product development.
Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Enovix Corporation (Nasdaq: ENVX) concerning the Company and its directors’ and officers’ possible violations of state laws.
FREMONT, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it will release financial results for the fourth quarter and full year 2024 on Wednesday, February 19, 2025, after the close of the market.
Enovix Corp (NASDAQENVX) shares are trading higher Tuesday after the company announced it completed site acceptance testing of Fab2 and secured a landmark purchase order.
FREMONT, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart glasses, augmented reality devices, and other pioneering products in the MR space. Under the terms of the agreement, Enovix is scheduled to deliver initial shipments by mid-2025, solidifying its position as a leader in delivering breakthrough battery solutions.
Enovix Corp. shares are rising in extended trading Monday after the company announces the completion of site acceptance testing for its Fab2 in Malaysia.
FREMONT, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the successful completion of Site Acceptance Testing (SAT) for its High Volume Manufacturing (HVM) line at Fab2 in Malaysia. This milestone, achieved in late December, is a critical step toward enabling Fab2 to begin mass production in 2025, supporting the company’s strategy to meet growing global demand for high energy density battery solutions.
FREMONT, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the appointment of Kristina Truong as its first Senior Vice President and Chief Accounting Officer. Kristina will oversee all accounting, controllership and financial reporting, including Sarbanes-Oxley controls. She will also play a key role as part of Enovix’s senior leadership team, helping to drive operational excellence and financial transparency as the Company enters its next phase of growth.
Shares of Enovix Corporation (NASDAQENVX) are trading higher Friday. The company reported it has shipped its first samples of the second-generation EX-2M battery to mobile phone customers. Here's what you need to know.
FREMONT, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the major milestone of shipping second-generation EX-2M samples to customers manufactured in its Malaysian Fab 2 plant. Consistent with its plan, the samples demonstrated an energy density improvement of approximately 10% over EX-1M products scheduled for mass 2025 production in Malaysia. EX-2M is expected to launch in 2026 and assure Enovix’s energy density lead in the smartphone industry.
BOSTON, MA / ACCESSWIRE / December 17, 2024 / Block & Leviton is investigating Enovix Corporation (Nasdaq:ENVX) for potential securities law violations. Investors who have lost money in their Enovix Corporation investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/envx.
