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., 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

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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%.

Piper Sandler Sees 48% Upside In Enovix; Neutral On FREYR, Microvast

FREMONT, Calif., Dec. 07, 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 that holders of its outstanding public warrants will have until 5:00 p.m, New York City time, on January 7, 2022, to exercise their public warrants.

Enovix Announces Redemption of Public Warrants

FREMONT, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of next-generation 3D Silicon™ Lithium-ion batteries, announced today its executives will be speaking at the 21 st Advanced Automo tive Battery Conference (“AABC”) at the San Diego Convention Center on December 7, 2021, and will provide an update to the Company's Electric Vehicle (“EV”) program.

Enovix Executives Provide Update to EV Program at the 21st Advanced Automotive Battery Conference in San Diego

Craig-Hallum analyst Anthony Stoss initiated Enovix Corp (NASDAQ:ENVX) with a Buy rating and a price target of $50, an upside of 48%. The analyst believes an investment in Enovix is a "rare opportunity" to invest in a highly disruptive technology presented to a market about to inflect meaningfully.

Craig-Hallum Bullish On Enovix, Sees Huge Upside

FREMONT, Calif., Dec. 01, 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 that the management team will present at the Raymond James 2021 Technology Investors Conference on Monday, December 06, 2021 at 1:20 PM Eastern Time.

Enovix to Present at Raymond James 2021 Technology Investors Conference

FREMONT, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of next-generation 3D Silicon™ Lithium-ion batteries, announced today its executives will be speaking at the 21 st Advanced Automotive Battery Conference (AABC) at the San Diego Convention Center on December 7, 2021.

Enovix Executives to Speak at 21st Advanced Automotive Battery Conference in San Diego

FREMONT, Calif., Nov. 10, 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 that it has been named a CES® 2022 Innovation Awards Honoree.

Enovix Named as CES 2022 Innovation Awards Honoree

Enovix Corporation (ENVX) CEO Harrold Rust on Q3 2021 Results - Earnings Call Transcript

FREMONT, Calif., Nov. 08, 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 posted to its website at https://ir.enovix.com a quarterly shareholder letter containing the financial results for the third quarter of 2021, ending October 3 and a new investor presentation.

Enovix Announces Third Quarter 2021 Financial Results

FREMONT, Calif., Nov. 08, 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 the appointment of Pegah Ebrahimi to its Board of Directors. Ebrahimi is a seasoned technology executive and go-to-market leader, who has been at the center of major trends over the past decade from mobile and cloud to AI. She brings unique insight to Enovix on how the company's batteries can enable the next generation of disruptive technologies and industries.

Technology Executive, Pegah Ebrahimi, Appointed to Enovix Board of Directors

FREMONT, Calif., Oct. 25, 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 release its third quarter fiscal year 2021 financial results on Monday, November 8, 2021 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 Third Quarter 2021 Financial Results on November 8, 2021

Enovix Corp (NASDAQ: ENVX) revealed manufacturing the first cell off its automated factory in Fremont, California. "Manufacturing the first cell off of our automated line is proof that our machine set is ready for production," said Harrold Rust, Co-founder, President, and CEO of Enovix.

Enovix Produces Battery Cells From First Automated Factory In California

FREMONT, Calif., Sept. 22, 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 achieved a major milestone—manufacturing battery cells from its first automated factory in Fremont, Calif. Additionally, the company announced it designed, fabricated and released pre-production quantities of a new cell design for Augmented Reality (AR) glasses for a top-tier consumer electronics company.

Enovix Achieves Major Milestones: U.S.-Based Factory Produces First Battery Cells Off Its Automated Manufacturing Line and Ships Custom Design for AR Glasses

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Enovix Corporation's (ENVX) CEO Harrold Rust on Q2 2021 Results - Earnings Call Transcript

FREMONT, Calif., Aug. 10, 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 posted to its website at https://ir.enovix.com a quarterly shareholder letter containing the financial results for the second quarter of 2021, ending June 30.

Enovix Announces Second Quarter 2021 Financial Results

FREMONT, Calif., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX, ENVXW), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, announced today it achieved a key manufacturing facility milestone, completing equipment installation of its first U.S.-based advanced battery production line. Enovix also announced it signed a Master Purchase Agreement and a Cooperation Agreement with a California-based technology leader focused initially on the wearable device space. Based on the terms of the agreements, Enovix will receive a manufacturing capacity reservation fee and pre-payments totaling $3.5 million over the next 12 months. The total agreements are valued at up to $20 million with commercialization currently scheduled to begin in 2025.

Enovix Continues Momentum, Achieves Key Manufacturing Facility Milestone and Books Order in the Wearable Device Space

FREMONT, Calif., Aug. 02, 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 that the management team will present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on Wednesday, August 11, 2021 at 4:35 PM Eastern Time.

Enovix to Present at Oppenheimer 24th Annual Technology, Internet & Communications Conference

FREMONT, Calif., July 27, 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 release its second quarter fiscal year 2021 financial results on Tuesday, August 10, 2021 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 Second Quarter 2021 Financial Results on August 10, 2021

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