ENVX - What's Going On With Enovix Stock Wednesday? | Benzinga
Enovix Corp (NASDAQ:ENVX) shares are trading lower Wednesday after the company reported mixed quarterly results and issued weak guidance.
- Q4 Revenue: $7.38 million, beat estimates of $3.37 million
- Q4 EPS: 28 cent loss, missed estimates for a loss of 27 cents
Enovix said its strong top-line results were driven by strong performance from Routejade, along with continued volume shipments of BrakeFlow-enabled batteries for the U.S. Army.
The company said it ended the quarter with $306.8 million in cash, equivalents and short-term investments.
“We made significant progress in 2023 and now have ...