Enovix Q4 revenue $7.4M, record top line; Fab2 on track for April samples

Enovix Corp

2023-FY EPS reported -$1.38 revenue$7,644,000

Q4 revenue $7.4M vs $0.2M Q3 and $1.1M YoY; driven by Routejade acquisition and Army shipments.
Fab2 in Malaysia built 250k sq ft; first silicon samples expected April 2024; Gen2 equipment arriving.
Entered development agreement with a leading automaker for EV battery; collaboration with Group14.
Plans to sample EX-1M smartphone battery in Q2 2024, targeting 1,000 cycles with 100% active silicon anode.
Q1 2024 guidance: revenue $3.5-4.5M, adjusted EBITDA loss $24-31M, EPS loss $0.29-$0.35.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enovix Corp reported the fourth fiscal quarter and full year 2023 results: revenue Revenue of $7.4 million in the fourth quarter of 2023, up from $1.1 million in the fourth quarter of 2022 and $0.2 milli.

Period: the fourth fiscal quarter and full year 2023
Revenue: Revenue of $7.4 million in the fourth quarter of 2023, up from $1.1 million in the fourth quarter of 2022 and $0.2 milli
Result: reported results

Exact text from the filing

On February 20, 2024, Enovix Corporation issued a press release announcing the release of its financial results for the fourth fiscal quarter and full year 2023.

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Source: SEC EDGAR

accession 0001828318-24-000012

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