secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001628280-23-013227
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enovix Q1 production beats plan at 12,500 units; GAAP net loss $73.6M, non-GAAP loss $0.20/share
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- Produced 12,500 full-qual units, beating plan of 9,000; 2.8x over Q4 2022's 4,442 units.
- Revenue $21,000 from 3,000 qual samples; GAAP net loss $73.6M including $29.2M stock-based comp.
- Non-GAAP net loss $31.6M ($0.20 diluted EPS); adjusted EBITDA loss $28.0M.
- Closed $172.5M convertible debenture post-quarter; cash $293.8M plus ~$148.4M net proceeds.
- Signed non-binding LOI with YBS for Fab 2 in Malaysia; seeking at least $70M non-dilutive financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000162828023013227/0001628280-23-013227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000162828023013227/envx-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013227

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