Enovix Corporation (ENVX)

In April 2025, ENVX stock ranged from approximately $5.97 to $6.90, with a six-month low near $5.27. The company reported Q1 2025 revenue of $5.1 million and a GAAP net loss per share of $0.12. In June 2025, Enovix held its annual stockholders' meeting. Fab 2 in Malaysia achieved ISO 9001:2015 certification and completed site acceptance testing (SAT) for mass production. Ryan Benton joined as CFO in April. July 2025 brought preliminary Q2 2025 results showing revenue of $7.5 million. The company achieved its third consecutive quarter of positive gross profit and narrowed its adjusted EBITDA loss, while maintaining approximately $203 million in cash, cash equivalents, and short-term investments. The Board authorized a $60 million share repurchase program. In September 2025, Enovix Korea was recognized as a "2025 Best Workplace for Job Creation." The company announced the pricing of a $300.0 million offering of 4.75% Convertible Senior Notes due 2030. The stock trended up by 7.43% on September 15, 2025, after Polaris Battery Labs confirmed the Enovix AI-1 smartphone battery has the highest energy density for smartphones. As of October 2025, Enovix was recognized on Fast Company's "Next Big Things in Tech List." The company is scheduled to release its Q3 2025 financial results on November 5, 2025. Halper Sadeh LLC announced an investigation into potential breaches of fiduciary duties by certain officers and directors. The stock has exhibited significant volatility, with a beta coefficient ranging from 1.99 to 2.10.

Specific demand seasonality for Enovix Corp.'s products is not explicitly available. The company operates in markets such as mobile devices, wearables, and computing, which can experience seasonal fluctuations. However, the provided information only mentions customer demand across various devices and a growing global demand for high-performance energy storage without detailing any specific seasonal patterns.

Enovix Corporation is a global high-performance battery company focused on designing, developing, manufacturing, and commercializing advanced lithium-ion battery cells. Their core technology is based on a proprietary 3D cell architecture and silicon-anode batteries, engineered for higher energy density, improved safety, and longer battery life. Enovix targets high-growth markets including mobile devices, wearables, and computing, with potential applications in electric vehicles and energy storage. The company operates within the Electrical Equipment & Parts sector and the Small Appliances and Accessories Manufacturing industry.

Enovix Corporation has a strategic global presence. Its headquarters, initial U.S. manufacturing facility (Fab-1), and core R&D are in Fremont, California. Fab-2, for high-volume manufacturing, is in Penang, Malaysia. Enovix also has an Asian headquarters in Seoul, South Korea, and an engineering and operations office in Bangalore, India. The company acquired SolarEdge assets in South Korea to increase production capacity.

Enovix has received positive recognition, including being named on Fast Company's "Next Big Things in Tech List" and Enovix Korea being recognized as a "2025 Best Workplace for Job Creation." Polaris Battery Labs confirmed the Enovix AI-1 smartphone battery has the highest energy density. However, a Seeking Alpha article recommended a "Sell" rating for Enovix, and an investor rights law firm initiated an investigation into potential breaches of fiduciary duties. The company experienced a stock plunge in 2023 due to manufacturing difficulties and delays, and has reported significant net losses.

Insiders own between 12.8% and 14.10% of Enovix Corp.'s stock. Institutional investors hold between 46.77% and 50.92% of the stock. Major institutional investors include Electron Capital Partners LLC, Geode Capital Management LLC, Fred Alger Management LLC, and CenterBook Partners LP.