ENVX Earnings Prediction
The chart below shows how ENVX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ENVX sees a -0.27% change in stock price 10 days leading up to the earnings, and a +2.74% change 10 days following the report. On the earnings day itself, the stock moves by +0.63%. This data can give you a slight idea of what to expect for the next quarter's release.
ENVX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.72M
31.65%
125.09%
Gross Margin
10.83%
106.45%
-172.83%
Operating Margin
-355.21%
-59.53%
-66.38%
Net Margin
-385.43%
-52.62%
-26.50%
EPS
-0.20
-45.95%
53.85%
No Data Available
ENVX Earnings Analysis
Enovix Corp Corporation (ENVX.O) Earnings Conference Call
Positive
Revenue Increase 2024: Enovix Corporation reported Q4 2024 revenues of $9.6 million, near the high end of guidance, and total revenues for 2024 were $23.1 million, significantly up from $7.6 million in 2023.
Manufacturing Milestones Achieved: The company completed its top manufacturing and product objectives, including successful Site Acceptance Testing of its High-Volume Manufacturing line and shipping first samples of EX-2M to customers.
Smartphone Launch Preparation: Early engineering samples of EX-2M were shipped to a lead smartphone OEM, confirming that critical safety tests passed, and the company is on track for commercial smartphone launches in 2025.
Battery Pack Delivery Success: Enovix delivered its first battery packs of custom cells from Malaysia, and secured a purchase order from a second marquee smart eyewear customer, indicating strong demand in emerging markets.
Fab2 Completion and Yields: The ramp of Fab2 in Malaysia was completed within a year, with yields exceeding those of Fab1, and the company is preparing for smartphone mass production by Q4 2025.
Defense Industry Growth Opportunities: The company is also exploring growth opportunities in the defense industry, with increased interest from drone manufacturers and defense suppliers for battery solutions.
Successful Battery Testing: Testing of EX-1M was successful, indicating the company is on track to meet energy density, cycle life, and fast charging targets, while EX-2M received positive feedback from OEMs regarding energy density.
Strong Cash Position: Enovix ended Q4 2024 with approximately $273 million in cash and cash equivalents, providing a strong balance sheet and runway for future investments.
Negative
Q1 2025 Revenue Forecast: Revenue for Q1 2025 is forecasted to be significantly lower than Q4 2024, with estimates between $3.5 million to $5.5 million, indicating a potential decline in sales momentum.
Q4 2024 EBITDA Loss: Non-GAAP EBITDA for Q4 2024 was a loss of $11.7 million, which, while better than guidance, still reflects ongoing financial challenges and operational losses.
Non-GAAP EPS Loss: The company reported a non-GAAP EPS loss of $0.11 for Q4 2024, which, despite being better than expectations, still indicates that the company is not yet profitable.
Operational Cash Burn: Cash used in operations totaled $16 million in Q4 2024, highlighting ongoing cash burn and operational expenses that may impact future liquidity.
Capital Expenditure Concerns: CapEx in Q4 was $16.4 million, suggesting significant ongoing investment needs that could strain financial resources if not matched by revenue growth.
ENVX FAQs
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ENVX Earning Call Sentiment
Enovix Corporation (NASDAQ:ENVX) Q4 2024 Earnings Call Transcript
ENVX.O
-6.13%Positive
The earnings call presents a positive outlook with a Q4 revenue beat, improved EBITDA and EPS, and strategic partnerships with leading smartphone OEMs. Despite regulatory concerns, the company has a strong cash position and is expanding manufacturing capabilities. The Q&A section shows interest in the defense sector and positive analyst sentiment, although some responses were vague. New product launches and a strong revenue forecast suggest a likely stock price increase. Given the market cap, a positive impact of 2% to 8% is expected.
