Enovix Corporation Stock Price, News & Analysis

Enovix Corporation (ENVX) will release its Q3 financial results after market close on November 1, 2022. A conference call is scheduled for 2:00 PM PT to discuss these results. Shareholders can access the financial details and management commentary via the company's investor relations website. Enovix is advancing its silicon-anode lithium-ion battery production with a facility in the U.S. aimed at enhancing energy density and cycle life, thus targeting mobile devices and electric vehicle markets.

Enovix Corporation (Nasdaq: ENVX) announced that Michael Armstrong, an Enovix Fellow, will present at the Electrochemical Society Meeting on October 10, 2022, discussing high energy density batteries. Additionally, Co-Founder and CTO Ashok Lahiri will speak at the Battery Safety Summit on October 12, 2022, covering Enovix's 100% active silicon anode battery technology. Both events emphasize Enovix’s advancements in battery safety and performance, particularly its innovative BrakeFlow™ technology, enhancing safety against thermal runaway.

Enovix Corporation (Nasdaq: ENVX) announced that Patrick Donnelly, Vice President of Strategic Business Development, will present at The Battery Show and Electric Vehicle Technology Expo in Novi, Michigan, from September 13-15, 2022. His talk, titled “Overcoming Generations of Innovation Roadblocks to Create & Commercialize the Next-gen Lithium-ion Battery,” is scheduled for September 13 at 4:30 PM EDT. Recent updates revealed that Enovix batteries demonstrate impressive longevity and charging capabilities, with minimal capacity loss after extensive testing, supporting their application in electric vehicles.

Enovix Corporation (Nasdaq: ENVX) announced its second-quarter financial results ending July 3, 2022, via a shareholder letter. The company successfully shipped commercial cells for revenue in the quarter and is now supplying multiple customers from its Fab-1 facility. CEO Harrold Rust emphasized the importance of scaling manufacturing output to meet demand. The company plans a conference call later today to discuss these updates. Enovix continues to lead in advanced lithium-ion battery technology, focusing on production for mobile devices and expanding into electric vehicles and energy storage markets.

Enovix Corporation (Nasdaq: ENVX) announced significant milestones in Q2 2022, including shipping commercial batteries and completing technology qualifications with three strategic accounts. The company added 12 new accounts to its $1.5 billion revenue funnel, nearly doubling the total to over 75. Active designs increased to $414 million, up from $371 million in Q1. Enovix shipped cells to 10 OEMs and four distributors, and achieved UN38.3 certification for its wearable cell. This progress positions Enovix favorably in the competitive battery market.

Enovix Corporation (Nasdaq: ENVX) has secured a follow-on contract with U.S. Army to design and test custom cells for the Conformal Wearable Battery (CWB), which powers key soldier equipment. The project aims to evaluate Enovix's 3D Silicon Li-ion cell technology, enhancing energy density and safety. With the potential to nearly double the current CWB's energy density, this advancement supports longer missions and reduces soldier load. Production is set to begin in 2023, bolstering North American battery manufacturing and national security needs.

Enovix Corporation (Nasdaq: ENVX) has announced its participation in several upcoming investor conferences, including:

• Piper Sandler Energy Transition Leaders Summit - August 17-18, 2022, Aspen, Colo.
• Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit - August 30, 2022, Chicago, Ill.
• Cowen 15th Annual Global Transportation & Sustainable Mobility Conference - September 8, 2022, Virtual, 3:00 PM ET.
• Lake Street Capital Markets 6th Annual Best Ideas Growth Conference - September 14, 2022, New York City, N.Y.

Webcast links for presentations will be available on their website.

Enovix Corporation (Nasdaq: ENVX) has announced a strategic agreement with EDOM Technology CO., LTD to enhance its distribution and market reach across Asia. This partnership aims to leverage EDOM's extensive distribution network and engineering expertise to accelerate growth and better serve customers. With 32 sales offices throughout Asia and over 160 engineers, EDOM will help Enovix expand its presence in the growing battery market, particularly in wearables, 5G, AI, and EV sectors. Enovix focuses on developing advanced 3D Silicon™ Lithium-ion batteries for various applications.