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Enovix , trading under the ticker symbol ENVX on Nasdaq, will be participating in several investor conferences in May and June 2024. The company will present at prestigious events such as J.P. Morgan's Global Technology, Media, and Communications Conference, B. Riley's Institutional Investor Conference, Craig-Hallum's Institutional Investor Conference, and William Blair's Growth Stock Conference. Interested parties can access live webcasts of the presentations on the Enovix website and request meetings through their sales representative.
Enovix announced its first-quarter 2024 financial results, revealing revenue growth to $5.3 million, FAT completion for Gen2 Agility Line and near completion for Gen2 Autoline in Malaysia, plans to reduce fixed costs by over $35 million annually, and strong progress with leading smartphone OEMs and IoT customers. The company aims to begin battery production in Fab2 and ship first EX-1M samples in the second quarter of 2024.
Enovix (ENVX) has signed a development agreement with a top smartphone OEM, showcasing the value of their silicon batteries for next-gen smartphones. The company is manufacturing EX-1M battery cells based on customer specs, with samples expected in Q2 2024 and high-volume production at Fab2 facility in Malaysia.
