Enovix Corporation Price, Forecast, Insider, Ratings, Fundamentals & Signals

Fremont, calif., may 07, 2024 (globe newswire) -- enovix corporation (“enovix”) (nasdaq: envx), a global high-performance battery company, today announced its participation in the following investor conferences in may and june:

Fremont, calif., may 01, 2024 (globe newswire) -- enovix corporation (“enovix”) (nasdaq: envx), a global high-performance battery company, today announced it has reached a development agreement with one of the top five smartphone oems in the world by unit volume.

Fremont, calif., may 01, 2024 (globe newswire) -- enovix corporation (“enovix”) (nasdaq: envx), a global high-performance battery company, announced today financial results for first quarter 2024, which included the summary below from its president and ceo, dr. raj talluri.

Fremont, calif., april 17, 2024 (globe newswire) -- enovix corporation (“enovix”) (nasdaq: envx), a global high-performance battery company, today announced it will release financial results for the first quarter of 2024 on wednesday, may 1, 2024, after the close of the market.

Fremont, calif., april 16, 2024 (globe newswire) -- enovix corporation (“enovix”) (nasdaq: envx), a global high-performance battery company, today announced it has completed factory acceptance testing (“fat”) for its gen2 agility line and is on track to produce first silicon battery samples from fab2 in the second quarter of 2024.

FREMONT, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced its participation in the following investor conferences in May and June:

Lithium stocks once captured the attention of investors globally as the demand for lithium-ion batteries soared, driven by the burgeoning electric vehicle market and renewable energy sector. A primary component in rechargeable battery production in electric cars, portable electronics and energy storage solutions, lithium is sometimes called “white gold.

Enovix, a silicon anode battery manufacturer, reported its Q1 2024 earnings with breakthroughs including its first positive non-GAAP gross margin and highest quarterly revenue to date. The company has been developing silicon anode technology, which offers high electricity capacity and is ideal for products requiring longer battery life, despite challenges with efficiency and performance. ENVX is in a development agreement with a smartphone manufacturer, has reduced its operational cash burn, and is expected to continue growing sales into 2026, leading to a "Buy".

Enovix Corporation (NASDAQ:ENVX ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Charles Anderson - Senior Vice President of Investor Relations and Corporate Strategy Raj Talluri - President and Chief Executive Officer Farhan Ahmad - Chief Financial Officer Ajay Marathe - Chief Operating Officer Conference Call Participants Mark Shooter - William Blair Colin Rusch - Oppenheimer Bill Peterson - JPMorgan Derek Soderberg - Cantor Fitzgerald Ananda Baruah - Loop Capital Markets Gus Richard - Northland Capital Markets George Gianarikas - Canaccord Ben Johnson - Piper Sandler Chris Souther - B. Riley Sean Milligan - Janney Tim Moore - EF Hutton Operator Thank you for standing by, and welcome to the Enovix Corporation's First Quarter 2024 Earnings Conference Call.

Enovix Corporation (ENVX) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.20 per share a year ago.

Shares of Enovix Corp. rallied 20% in the extended session Wednesday after the battery maker narrowed its quarterly loss and said it plans to cut more costs on its road to profitability.

The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright.

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FREMONT, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it will release financial results for the first quarter of 2024 on Wednesday, May 1, 2024, after the close of the market.

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