Welcome to our dedicated page for Enovix Corporation news (Ticker: ENVX), a resource for investors and traders seeking the latest updates and insights on Enovix Corporation stock.
Enovix Corporation (ENVX) delivers cutting-edge silicon lithium-ion battery solutions for mobile and IoT markets through its proprietary 3D cell architecture. This dedicated news hub provides investors and industry professionals with essential updates on technological breakthroughs, financial performance, and strategic partnerships.
Access real-time press releases covering product launches, manufacturing milestones, and OEM collaborations with leaders like Intel and Qualcomm. Our curated collection ensures you never miss critical developments or market-moving announcements from this battery technology innovator.
Discover updates across key categories including quarterly earnings, intellectual property advancements, and production capacity expansions. Each entry maintains factual accuracy while highlighting Enovix's unique BreakFlow manufacturing processes and energy density achievements.
Bookmark this page for streamlined tracking of ENVX's progress in redefining energy storage standards. Return regularly to stay informed about this Nasdaq-listed pioneer's role in powering next-generation consumer electronics and industrial applications.
Enovix (Nasdaq: ENVX) has announced a special warrant dividend for stockholders of record as of July 17, 2025. Shareholders will receive one warrant for every seven shares held, with each warrant allowing the purchase of one common share at $8.75. The warrants, expected to trade under ticker ENVXW, could potentially raise up to $253.8 million in gross proceeds.
The distribution follows Enovix's launch of the AI-1™ platform, their new silicon-anode smartphone battery technology. The warrants will expire on October 1, 2026, unless an early expiration is triggered by the stock's VWAP exceeding $10.50 for 20 out of 30 consecutive trading days. Convertible note holders will also receive warrants on a pass-through basis.
Enovix (Nasdaq: ENVX) has launched AI-1™, a groundbreaking silicon-anode smartphone battery platform, shipping its first 7,350 mAh batteries to a leading smartphone OEM. The battery achieves over 900 Wh/L energy density, making it the highest commercially available, protected by 190 patents.
Key features include fast charging capabilities (20% in 5 minutes, 50% in 15 minutes), 900+ cycles in standard smartphone usage, and enhanced discharge capability for AI applications. The technology represents a significant advancement in battery technology, particularly for AI-enabled smartphones requiring higher energy storage and power for local AI processing.
With over $200 million in cash reserves and production facilities in Malaysia, Enovix plans broader availability later in 2025. The company has successfully transitioned from wearable batteries to the larger 1.2-billion unit smartphone market.
Enovix (NASDAQ: ENVX), a global high-performance battery company, reported strong preliminary Q2 2025 financial results. Revenue reached $7.5 million, exceeding guidance of $4.5-6.5 million and showing a 98% year-over-year increase. The company achieved its third consecutive quarter of positive gross profit, with GAAP gross profit of $0.8 million and non-GAAP gross profit of $1.2 million.
The company reported a GAAP operating loss of $43.8 million and non-GAAP operating loss of $27.8 million, beating guidance. Adjusted EBITDA loss narrowed to $21.4 million, ahead of guidance. Cash position remained strong at $203 million after completing the SolarEdge asset acquisition in South Korea and Fab2-related capital expenditures.
Enovix (Nasdaq: ENVX), a global high-performance battery company, has announced a $60 million share repurchase program authorized by its Board of Directors. The program, effective from June 30, 2025 through December 31, 2026, allows the company to repurchase its outstanding common stock through various means including open-market and privately negotiated transactions.
The initiative aims to enhance capital structure flexibility and respond to market volatility while returning value to shareholders. CFO Ryan Benton emphasized that this program reflects confidence in the company's long-term fundamentals and their 100% silicon-anode battery technology.
Enovix reported Q1 2025 financial results with revenue of $5.1 million, meeting guidance expectations. The battery technology company maintained a strong cash position of $248.2 million while advancing key strategic initiatives.
Key highlights include:
- Achieved ISO 9001:2015 certification for Fab2 facility in Malaysia
- Acquired SolarEdge assets in South Korea for $10 million
- Progressed smartphone battery development with lead customer
- Delivered XR battery samples for customer testing
- Posted positive gross margin for second consecutive quarter
Q2 2025 outlook projects revenue between $4.5-6.5 million. The company is focusing on mass production readiness and commercialization of its silicon-based battery technology, particularly in the smartphone sector. Management reports their battery architecture maintains a significant energy density advantage over competitors, with future generations expected to deliver 30% higher capacity than current premium solutions.
Enovix (ENVX) has appointed Ryan Benton as Chief Financial Officer, bringing over three decades of financial leadership experience from previous roles at ASM International and as CFO at Silvaco and Exar
CEO Dr. Raj Talluri highlighted that the company is approaching its goal of commencing smartphone battery mass production, with an important consumer product launch expected by year-end. Chairman T.J. Rodgers praised Benton's candidness and referenced their recent Korean acquisition (Routejade), noting its potential for cheaper and higher quality electrode sheet production.
Benton emphasized Enovix's position to address AI-driven demands in consumer electronics with its silicon-anode battery technology. His first public appearance as CFO will be during the Q1 2025 earnings call on April 30, followed by presentations at major technology conferences in May and June.
Enovix (ENVX) has announced the acquisition of battery cell manufacturing assets from SolarEdge in South Korea. The acquisition includes a 330,000-square-foot facility in Nonsan City, adjacent to Enovix's existing facility, along with development and manufacturing equipment. The facility has been operational for over 20 years.
The transaction, expected to close in April 2025, will expand Enovix's manufacturing footprint to meet growing defense industry demand. The company plans to hire key SolarEdge Korea team members across manufacturing, quality, R&D, and process engineering departments.
Enovix projects increased battery sales from the Korean facility in 2025 and 2026, with expectations of improved gross margins. The company forecasts a higher sales mix from this facility focusing on defense and industrial applications. The acquisition aims to simplify the supply chain and accelerate innovation for defense, industrial, and consumer electronics customers.
Enovix (ENVX) has achieved its second milestone in a smartphone battery development agreement from October 2024, resulting in a payment for delivered sample battery cells to a leading smartphone OEM. The customized samples meet specific requirements including superior cycle life, fast charge, and energy density compared to current market offerings.
The company also announced the successful completion of an ISO 9001:2015 audit at their Fab2 facility in Malaysia with no findings, receiving formal certification last week. CEO Raj Talluri confirmed the project remains on track for mass production in late 2025.
Enovix (ENVX) reported record Q4 2024 revenue of $9.7 million and full-year revenue of $23.1 million, up 202% from 2023. The company achieved its first-ever positive gross margin of 11% ($1.1 million). Q4 GAAP net loss was $37.5 million, with EPS loss of $0.20.
Key developments include shipping early engineering samples to lead smartphone OEM customers, securing a landmark prepaid purchase order for smart eyewear batteries, and completing Site Acceptance Testing for High-Volume Manufacturing at Fab2 in Malaysia. The company ended 2024 with $272.9 million in cash and cash equivalents.
For Q1 2025, Enovix expects revenue between $3.5-5.5 million, with GAAP EPS loss of $0.23-0.29 and adjusted EBITDA loss of $21.0-27.0 million.
Enovix (Nasdaq: ENVX), a global high-performance battery company, has scheduled its fourth quarter and full year 2024 financial results release for February 19, 2025, after market close. The company will host a live video conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss business updates, key milestones, and financial results.
Participants can register for the call through a dedicated link, which will be accessible via the Investor Relations section of Enovix's website. Investors have the opportunity to submit questions during registration for management to address during the call. A recording of the call will be available on the company's investor website for one year.
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