Enovix Q4 Revenue Nears Guidance

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Technology

Enovix outlines 2025 high-volume production targets for smartphone and IoT batteries

Summary

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89% Informative

Q4 revenue was $9.6 million compared to $4.3 million in Q3 , driven by initial shipments of EX-2M and engineering samples to smartphone and smart eyewear customers.

Q4 EBITDA loss was $11.7 million , outperforming guidance of a $19 million to $25 million loss.

Full-year 2024 revenue totaled $23.1 million , up from $ 7.6 m in 2023 .

Management’s confidence showed tangible improvement, supported by completed milestones such as the SAT of HVM Line 1 .

Challenges include lengthy customer qualification processes, particularly for smartphones, which could delay high-volume production.

Managing CapEx efficiently while scaling production remains a key priority, as future lines will require significant investment.

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formal

Language

English