Enovix Announces Fourth Quarter and Full Year 2022 Financial Results
February 22 2023 - 4:01PM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon
battery company, today posted to its website at
https://ir.enovix.com a quarterly shareholder letter containing the
financial results for the fourth quarter and full-year 2022, ending
January 1, 2023, and a new investor presentation.
The quarterly shareholder letter and investor
presentation provide business updates that detail progress made in
the fourth quarter along several key areas including manufacturing,
commercialization, and technology.
“We saw significant improvements in yield, output
and customer qualification in the fourth quarter,” said Raj
Talluri, President and Chief Executive Officer of Enovix. “Our team
is highly focused on executing on our plans for higher output and
customer qualification activities, both of which position Enovix
for high growth.”
Enovix will hold a video conference call at 2:00
PM PT / 5:00 PM ET today, February 22, 2023, to discuss the
company’s business updates and financial results. To join the call,
participants must use the following link to register:
https://enovix-q42022-earnings.open-exchange.net/.
This link will also be available via the Investor
Relations section of Enovix’s website
at https://ir.enovix.com. An archived version of the call will
be available on the Enovix investor website for one year
at https://ir.enovix.com.
About Enovix Enovix is on a
mission to power the technologies of the future. Everything from
IoT, mobile and computing devices, to the vehicle you drive, needs
a better battery. The company’s disruptive architecture enables a
battery with high energy density and capacity without compromising
safety. Enovix is scaling its silicon-anode, lithium-ion battery
manufacturing capabilities to meet customer demand. For more
information visit www.enovix.com and follow us on LinkedIn.
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. 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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