---
schema_version: "secwatch.filing_event.v1"
accession: "0001828318-23-000202"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:05:10.726592+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Enovix Q3 revenue $0.2M; cash $371.3M; narrows FY2023 cash use guidance to $110M

## Summary
- Q3 revenue $0.2M from U.S. Army cells; GAAP cost of revenue $16.8M; GAAP op. expenses $33.8M.
- Cash, equivalents, and short-term investments $371.3M; Q3 operating cash use $28.2M; capex $17.3M.
- FY2023 operational cash use forecast lowered to $110M (from $120M); capex to $65M (from $70M).
- Completed FAT for one Gen2 production zone; expects all four zones FAT by Jan 2024; first samples by Apr 2024.
- Acquired Routejade for electrode coating; Fab1 restructuring reduces annualized cash burn ~$22M.

## SEC filing metadata
- accession: 0001828318-23-000202
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000202/0001828318-23-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000202/envx-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828318-23-000202
- JSON: https://secwatch.observer/filing/0001828318-23-000202.json
- Plain text: https://secwatch.observer/filing/0001828318-23-000202.txt

## Key facts
- Earnings Releases
  Enovix Corp reported financial results for third fiscal quarter ended October 1, 2023.
  - Period: third fiscal quarter ended October 1, 2023
  - Result: reported results
  source text: On November 7, 2023, Enovix Corporation issued a press release announcing the release of its financial results for the third fiscal quarter ended October 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000202/0001828318-23-000202-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.