See more : RF Capital Group Inc. (RCG-PB.TO) Income Statement Analysis – Financial Results
Complete financial analysis of Enovix Corporation (ENVX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Enovix Corporation, a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Enovix Corporation (ENVX)
About Enovix Corporation
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 263.00K | 6.20M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 43.29M | 23.24M | 1.97M | 3.38M | 161.00K |
| Gross Profit | -43.03M | -17.04M | -1.97M | -3.38M | -161.00K |
| Gross Profit Ratio | -16,360.84% | -274.70% | 0.00% | 0.00% | 0.00% |
| Research & Development | 53.81M | 58.05M | 37.85M | 14.44M | 12.15M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 61.21M | 51.97M | 29.71M | 5.71M | 4.20M |
| Other Expenses | 0.00 | -54.00K | -24.00K | -2.38M | 0.00 |
| Operating Expenses | 115.02M | 110.02M | 67.56M | 20.16M | 16.00M |
| Cost & Expenses | 158.31M | 133.26M | 69.52M | 23.53M | 16.16M |
| Interest Income | 14.07M | 5.23M | 0.00 | 0.00 | 23.00K |
| Interest Expense | 4.46M | 5.23M | 187.00K | 107.00K | 0.00 |
| Depreciation & Amortization | 11.00M | -57.37M | 1.49M | -1.80M | 509.00K |
| EBITDA | -165.48M | -189.35M | -68.03M | -25.33M | -16.00M |
| EBITDA Ratio | -62,919.39% | -3,052.97% | 0.00% | 0.00% | 0.00% |
| Operating Income | -165.48M | -131.98M | -69.52M | -23.53M | -16.51M |
| Operating Income Ratio | -62,919.39% | -2,128.01% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 11.38M | 80.36M | -56.35M | -16.12M | 323.00K |
| Income Before Tax | -154.09M | -51.62M | -125.87M | -39.65M | -16.19M |
| Income Before Tax Ratio | -58,590.87% | -832.34% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -150.93M | 163.00K | -2.27M | 0.00 |
| Net Income | -154.09M | 99.30M | -126.04M | -37.38M | -16.19M |
| Net Income Ratio | -58,590.87% | 1,601.16% | 0.00% | 0.00% | 0.00% |
| EPS | -0.98 | 0.65 | -1.08 | -0.26 | -0.28 |
| EPS Diluted | -0.97 | 0.64 | -1.08 | -0.26 | -0.28 |
| Weighted Avg Shares Out | 157.56M | 152.92M | 117.22M | 145.25M | 57.74M |
| Weighted Avg Shares Out (Dil) | 158.26M | 154.15M | 117.22M | 145.25M | 57.74M |
Enovix: Buckle Up, Near-Term Commercialization Will Bring The Company Forward
I reiterate my bullish rating on Enovix due to its commercialization progress, technological advancements, and projected sales growth towards 2026. Enovix's technological edge includes the Fab2 facility in Malaysia, agreements with leading smartphone OEMs, and significant advancements in battery capacity....
Electrical Stock Could Keep Pushing Higher
Electrical stock Enovix Corp (NASDAQ:ENVX) is down 1.6% at $10.04 today, on track for only its second loss in the last 11 sessions.
Enovix to Participate in Upcoming Investor Events
FREMONT, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today its participation in the following upcoming investor events:
Enovix Completes $100 Million Equity Offering
FREMONT, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it completed a secondary equity offering. On Friday November 1, the Company received approximately $96 million dollars net of...
Enovix Targets Silicon Anode Battery Launch As AI Drives Demand
Enovix Co. NASDAQ: ENVX develops and manufactures next-generation silicon-anode lithium-ion batteries with applications in the smartphone, wearables, mobile device, VR/AR headset, laptop, IoT and electric vehicle (EV) markets. While the oils/energy sector company is producing batteries on a small scale...
Here's Why Enovix Corporation (ENVX) Is a Great 'Buy the Bottom' Stock Now
After losing some value lately, a hammer chart pattern has been formed for Enovix Corporation (ENVX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for...
Enovix: Surprise Capital Raise Not Likely To Bode Well With Investors - Sell
Advanced lithium-ion battery manufacturer Enovix reported Q3/2024 results in line with muted expectations. As the company continues to invest in its Malaysian manufacturing operations, cash burn remains elevated. While the company's financial performance was nothing to write home about, investors...
Enovix Announces Pricing of Public Offering of Common Stock
FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (NASDAQ: ENVX), a global high-performance battery company, today announced the pricing of an underwritten public offering of 10,416,667 shares of its common stock for total gross proceeds of $100...
Enovix Announces Proposed Public Offering of Common Stock
FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (NASDAQ: ENVX), a global high-performance battery company, today announced that it has commenced an underwritten public offering of $100.0 million of shares of its common stock, subject to market...
Enovix Corporation (ENVX) Q3 2024 Earnings Call Transcript
Enovix Corporation (NASDAQ:ENVX ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Robert Lahey - Head-Investor Relations Raj Talluri - President & Chief Executive Officer Farhan Ahmad - Chief Financial Officer Ajay Marathe - Chief...
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