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 (Nasdaq: ENVX) regularly issues news and updates that highlight its progress in advanced lithium-ion battery technology, commercialization milestones and capital markets activity. As a company focused on proprietary 100% active silicon-anode architectures and high-energy-density cells, its announcements often center on technology validation, customer engagements and manufacturing scale-up.
Recent news has featured the AI-1™ smartphone battery, which Enovix reports achieved 935 Wh/L volumetric energy density in independent testing by Polaris Battery Labs, outperforming a leading silicon-doped smartphone battery tested under the same conditions. Other releases describe validation by an independent testing firm and a leading smartphone OEM that AI-1 batteries deliver the highest energy density among smartphone cells they evaluated, as well as progress with a lead smartphone customer advancing toward commercial launch.
Investors following ENVX news can also track updates on smart eyewear and defense programs, shipments to defense customers, and expansion of manufacturing capabilities at Fab2 in Malaysia and a Korea-based cell-manufacturing facility. Financial news items include quarterly results, non-GAAP metrics commentary, and details on initiatives such as a warrant dividend program, a share repurchase authorization, and a private offering of 4.75% Convertible Senior Notes due 2030.
This news page helps readers monitor Enovix’s announcements about product performance, customer programs, factory readiness, financing transactions and corporate developments. For those analyzing ENVX stock or the broader silicon-anode battery space, the company’s press releases provide context on how its technology, capital structure and global footprint are evolving over time.
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.
Enovix Corporation (ENVX) announced it will release its second-quarter financial results on August 10, 2022, after market close. A conference call will follow at 2:00 PM PT to discuss these results. Investors can register for the call, and the financial results will be posted on Enovix's investor relations website. The company focuses on advanced silicon-anode lithium-ion battery technology, aiming to boost energy density and cycle life for mobile devices, electric vehicles, and energy storage solutions.
Enovix Corporation announced the shipment of complete battery packs featuring high-energy, 100% active silicon anode cells, aimed at enhancing the performance of energy-intensive consumer devices. This move expands its product offerings from individual cells to pack solutions, addressing the rising demand for higher energy density in consumer electronics. Enovix has also expanded manufacturing partnerships globally to support this initiative, positioning itself for mass-market commercialization. This development underscores Enovix's commitment to advancing battery technology for a variety of applications.
Enovix Corporation (Nasdaq: ENVX) has expanded its leadership team to enhance its presence in the Electric Vehicle (EV) market. Dr. James Wilcox is appointed as Vice President and Head of Enovix Mobility, alongside Spencer Gore as Head of EV Products. This leadership team will strategize to adapt Enovix's innovative 3D Silicon lithium-ion battery technology for the EV sector. Enovix aims to capitalize on the growing EV market, leveraging their advanced battery capabilities to secure significant partnerships and develop high-performing products.
Enovix Corporation (Nasdaq: ENVX) announced its inclusion in the Russell 2000® and 3000® Indexes, effective June 27, 2022. This decision reflects Enovix's market capitalization ranking among the 4,000 largest U.S. stocks as of May 6.
The Russell indexes, which manage approximately $12 trillion in assets, are commonly used by institutional investors. CFO Steffen Pietzke noted that this milestone enhances the company's visibility in the investment community, underscoring investors' confidence in Enovix's potential.
Enovix Corporation (Nasdaq: ENVX) announced the shipment of its first commercial cells from its Fremont factory. This milestone follows over 14 years of development and represents a significant step in scaling production while meeting customer demand. CEO Harrold Rust emphasized the importance of this achievement for the company and its clients, who can now leverage advanced battery technology to gain a competitive edge. The company is also working on its Gen-2 production lines to further enhance capacity.