Enovix Q4 Non-GAAP Loss Narrows, Revenue Rises; Q1 Sales Outlook Issued; Shares Drop After Hours

MT Newswires Live

02-20

Enovix (ENVX) reported a fiscal Q4 non-GAAP loss late Wednesday of $0.11 per diluted share, compared with a $0.28 loss a year earlier.

Analysts polled by FactSet expected a loss of $0.19.

Revenue for the quarter that ended Dec. 29 was $9.7 million, up from $7.4 million a year earlier. Analysts surveyed by FactSet expected $8.8 million.

The company expects a fiscal Q1 2025 non-GAAP EPS loss of $0.15 to $0.21. Analysts surveyed by FactSet expect a loss of $0.17.

The company expects Q1 sales to be between $3.5 million and $5.5 million. Analysts polled by FactSet expect $6.2 million.

Shares traded 15% lower in after-hours activity.

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