secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001828318-23-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enovix Q4 2022 revenue $1.1M, net loss $11.2M; guides 180K cells in 2023
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- Q4 2022 revenue $1.1M (service); GAAP net loss $11.2M ($0.07/share); Non-GAAP net loss $29.2M ($0.19/share).
- Shipped 4,442 cells in Q4, exceeding internal goal; volume-weighted yield 42.9% (Q3: 16.4%).
- Revenue funnel Active Design/Design Win grew 58% sequentially to $669M from $423M.
- Guides Q1 2023 production of 9,000 cells (double Q4); full-year 2023 target 180,000 wearable-size cells.
- 2023 capex guidance $120M; net cash $322.9M; new COO Ajay Marathe appointed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831823000059/0001828318-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831823000059/envx-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001828318-23-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer