Enovix Reports Q3 Revenue of $11M, Exceeding Guidance
Enovix (ENVX) reported unaudited third-quarter revenue of $11 million for the period ending September 2024. This represents a year-over-year increase of 38% and exceeds both its previous guidance range of $9 to $10 million as well as analyst expectations of $9.49 million. The positive results led to an over-13% surge in Enovix's stock price during pre-market trading, reflecting investor optimism about the company’s performance relative to forecasts and prior estimates.
Tickers: $ENVX