ENVX - Enovix Stock Soars On Blockbuster Q1 Sales | Benzinga
Enovix Corporation (NASDAQ:ENVX) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights.
The Details: Enovix reported quarterly losses of 31 cents per share which missed the analyst consensus estimate of losses of 29 cents by 6.9%.
Quarterly sales clocked in at $5.272 million, beating the analyst consensus estimate of $3.779 million by 39.53% and representing a large increase over sales of $21,000 from the same period last year.
Enovix said stronger revenues and a favorable product mix helped the company achieve positive non-GAAP gross margins for the ...