secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001828318-25-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enovix reports record Q4 revenue $9.7M; first positive gross margin; smartphone samples shipped
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- Q4 revenue $9.7M (record), full-year $23.1M, up 202% YoY; first positive GAAP gross margin of $1.1M (11% of sales).
- GAAP net loss $37.5M ($0.20 EPS loss); non-GAAP EPS loss $0.11; adjusted EBITDA loss $11.7M improved from -$21.6M Q3.
- Cash and equivalents $272.9M at year-end; Q1 2025 guidance: revenue $3.5M-$5.5M, GAAP EPS loss $0.23-$0.29.
- Shipped early smartphone battery samples to lead OEM; secured purchase orders from 7 of top 8 smartphone OEMs and an AI/XR leader.
- Fab2 in Malaysia completed Site Acceptance Testing for HVM line; first EX-2M samples shipped on schedule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831825000050/0001828318-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831825000050/envx-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001828318-25-000050

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