Enovix achieved record quarterly revenue of $11.3 million, driven primarily by defense and industrial shipments from its South Korean operations. While the company continues to report operating losses as it scales, it made significant progress in smartphone qualification and smart eyewear commercialization, ending the year with a strong liquidity position of $621 million.

Enovix reported revenue of $5.1 million in Q1 2025, exceeding the midpoint of guidance. The company achieved positive gross margin for the second consecutive quarter and ended the quarter with $248.2 million in cash and cash equivalents. Key progress was made towards mass production readiness at Fab2 in Malaysia and customer qualification activities for smartphone batteries.

Enovix delivered record quarterly revenue of $9.7 million, a 30% year-over-year increase, and achieved a positive gross margin of 11%. However, the company reported a GAAP net loss of $37.5 million and an adjusted EBITDA loss of $11.7 million. Cash and cash equivalents stood at $272.9 million at year-end, strengthening its financial position for future expansion.

Enovix reported revenue of $4.3 million for Q3 2024, exceeding the guidance midpoint and increasing from $3.8 million in the previous quarter. The company opened Fab2 in Malaysia and commenced shipping battery cells to customers. A leading smartphone OEM signed a development agreement for mass production launch in late 2025.

Enovix Corporation announced financial results for the second quarter of 2024, featuring revenue of $3.8 million, progress in commercial agreements, the start of production in Malaysia, and actions to extend their financial runway. The company is scaling up in Malaysia and anticipates significant revenue growth in the second half of 2024.

Enovix reported revenue of $5.3 million, exceeding their forecast due to strong performance from IoT batteries and achieved positive non-GAAP gross margins for the first time. The company is also reducing cash burn and making progress with smartphone and IoT customers.

Enovix Corporation reported a revenue of $7.4 million for Q4 2023, a significant increase from previous quarters, driven by Routejade's strong performance and continued shipments for the U.S. Army. The company is focused on scaling up manufacturing in Malaysia and demonstrating high-volume production and high-energy density batteries.

Enovix signed a Master Service Agreement with YBS International Berhad, securing $70 million in non-dilutive funding for its Fab2 site in Penang, Malaysia, and its first Gen2 high-volume manufacturing line.

Enovix reported third-quarter revenue of $8,000, driven by shipments of qualification batteries from Fab-1 while focusing on yield improvement activities. They also made progress with Strategic Accounts, including a new design win and a cooperation agreement with a major consumer electronics company.

Enovix reported its first revenue of $5.1 million in Q2 2022, primarily from service revenue and a small contribution from commercial battery cells. The company shipped Fab-1 cells to 10 OEMs and four distributors globally. Technology qualifications were completed with three Strategic Accounts, and a follow-on evaluation contract was awarded for the U.S. Army's Conformal Wearable Battery program.

Enovix made significant strides in Q1 2022, initiating production of advanced 3D SiliconTM lithium-ion batteries for customer qualification and introducing BrakeFlowTM, a safety innovation. The company is poised to recognize its first product revenue in Q2 2022 and secured an initial order from a major consumer electronics firm for smartwatch batteries. With a revenue funnel of $1.5 billion and active design and design wins growing to $371 million, Enovix is focused on scaling production to meet overwhelming demand.

Enovix's Q4 2021 highlights include increased customer demand, expansion of the revenue funnel to $1.5 billion, progress in EV battery development, and the redemption of public warrants resulting in $130 million in net proceeds.

Enovix completed its business combination and Nasdaq listing, raising $405 million in gross proceeds and $382 million net. The company is scaling up production facilities to meet customer demands and shipped final technology qualification samples to key customers.