Enovix Posts Preliminary $11 Million Q3 Revenue, 19-Cent Loss

Enovix posted preliminary third-quarter revenue of about $11 million, up 38% year over year and above its guidance range, while reporting a GAAP net loss of about 19 cents per share. The battery maker’s revenue exceeded its prior outlook of $9 million to $10 million. The figures are preliminary and unaudited. Enovix’s update adds operating and cash figures to its earlier preliminary revenue outlook . The company recorded a preliminary operating loss of about $39.3 million. Cash and cash equivalents stood at about $512 million as of Oct. 4.

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