ENVX
Enovix Corporation7.74
-0.16-2.03%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.68BP/E (TTM)
-Basic EPS (TTM)
-0.85Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Enovix raises $360M via convertibles
Enovix Corporation completed a $360 million private offering of 4.75% Convertible Senior Notes due 2030 on September 10, 2025, yielding net proceeds of $348.6 million after fees and capped call costs. The notes mature September 15, 2030, with an initial conversion rate of 89.2160 shares per $1,000 at $11.21 per share, a 22.5% premium to the closing price. Funds will support general corporate purposes, including potential battery ecosystem acquisitions eyed for EBITDA accretion within 12 months. Yet dilution looms if conversions spike.
8-K
Warrant Dividend Funds Growth
Enovix Corporation completed its warrant dividend distribution on September 9, 2025, securing $232 million in gross proceeds to fuel Fab2 ramp-up in Malaysia and growth initiatives, boosting pro forma cash to $370 million. This follows Q2 2025 results with revenue doubling to $7.5 million year-over-year and non-GAAP gross margin hitting 31%, marking three straight profitable quarters. Samples of the AI-1 silicon-anode battery, boasting over 900 Wh/L density, shipped to seven top smartphone OEMs. Capital strengthens commercialization amid AI-driven power demands.
8-K
Warrant Program Delivers $232M Boost
Enovix Corporation wrapped up its warrant dividend program on August 29, 2025, with 26.5 million warrants exercised, injecting $232.1 million in gross proceeds to bolster its capital. This cash influx will accelerate Fab2 production and scale silicon-anode battery tech, while eyeing battery ecosystem acquisitions. Private warrants adjusted to $10.66 exercise price. The company repurchased 5,437,556 shares under its program. Funds fuel growth, yet risks lurk in forward plans.
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