Enovix Announces Third Quarter 2022 Financial Results
November 01 2022 - 4:01PM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the
design and manufacture of next generation 3D Silicon™ Lithium-ion
batteries, today posted to its website at https://ir.enovix.com a
quarterly shareholder letter containing the financial results for
the third quarter of 2022, ending October 2, 2022, and a new
investor presentation.
The quarterly shareholder letter and investor
presentation provide business updates that detail progress made in
the third quarter along several key areas including technology,
production, and commercialization.
“We are continuing to push the boundaries of
what’s possible with our technology while developing a world class
manufacturing line to fuel our growth and satisfy our customers,”
said Harrold Rust, President, Chief Executive Officer and
Co-Founder of Enovix. “We made notable progress across these fronts
in the third quarter.”
Enovix will hold a conference call at 2:00 PM PT /
5:00 PM ET today, November 1, 2022, to discuss the company’s
business updates and financial results.
To join the call, participants must first
register at this link, where a dial-in number will be
provided.
A simultaneous live webcast will also be available
via the investor relations section of the Company’s website at
https://ir.enovix.com. An archived version of the webcast will be
available for one year at https://ir.enovix.com.
About Enovix
Enovix is the leader in advanced silicon-anode
lithium-ion battery development and production. The company's
proprietary 3D cell architecture increases energy density and
maintains high cycle life. Enovix is building an advanced
silicon-anode lithium-ion battery production facility in the U.S.
for volume production. The company's initial goal is to provide
designers of category-leading mobile devices with a high-energy
battery so they can create more innovative and effective portable
products. Enovix is also developing its 3D cell technology and
production process for the electric vehicle and energy storage
markets to help enable widespread utilization of renewable energy.
For more information, go to www.enovix.com.
Forward Looking Statements This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
about us and our industry that involve substantial risks and
uncertainties. Forward-looking statements in this press release
include, but are not limited to, statements regarding pushing the
boundaries of what’s possible with our technology while developing
a world class manufacturing line to fuel our growth and satisfy our
customers. Actual results could differ materially from these
forward-looking statements as a result of certain risks and
uncertainties. For additional information on these risks and
uncertainties and other potential factors that could affect our
business and financial results or cause actual results to differ
from the results predicted, please refer to our filings with the
Securities and Exchange Commission (the “SEC”), including in the
“Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” sections of our most
recently filed annual periodic reports on Form 10-K and quarterly
report on Form 10-Q and other documents that we have filed, or that
we will file, with the SEC. Any forward-looking statements made by
us in this press release speak only as of the date on which they
are made and subsequent events may cause these expectations to
change. We disclaim any obligations to update or alter these
forward-looking statements in the future, whether as a result of
new information, future events or otherwise, except as required by
law.
For investor and media inquiries, please
contact:
Enovix Corporation Charles Anderson Phone: +1
(612) 229-9729 Email: canderson@enovix.com
Or
The Blueshirt Group Gary Dvorchak, CFA Phone:
(323) 240-5796 Email: gary@blueshirtgroup.com
For media inquiries, please
contact:
Enovix Corporation Kristin Atkins Phone: +1
(650) 815-6934 Email: katkins@enovix.com
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