Markets
Enovix Stock Soars 9.17% In Friday Trading Despite Plans To Cut Approximately 220 Jobs
The battery maker expects $8.5 million in annual savings while investing in South Korea to expand defense production.
ENVX
Enovix (ENVX) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
Enovix Targets $8.5 Million In Annual Savings As It Shifts Resources To Korea
The battery maker eliminated approximately 220 positions and is investing $19 million to double South Korean drone battery capacity.
SEC Filings
Enovix Legal Chief Arthi Chakravarthy Leaves, With An Interim CEO Signing The Notice
The chief legal officer and corporate secretary left Enovix on October 30, and the company disclosed it after Tuesday's close.
SEC Filings
Enovix Declares Warrant Dividend That Could Retire Its $172.5 Million Of 2028 Notes
Holders can pay the $3.00 exercise price with 2028 convertible notes at face value, and Enovix also bought back $100 million of 2030 notes.
Earnings
Enovix Says Its Officer's $100 Million 2027 Revenue Estimate Was Never Company Guidance
The battery maker says a smartphone-customer account was wrong and that updated guidance comes with third-quarter results on November 12.
Earnings
Enovix Preliminary Revenue Hits $11.0 Million, Above $9 Million-$10 Million Guidance, As It Names A Chief Revenue Officer
The battery maker's unaudited third-quarter results show a $39.3 million GAAP operating loss, and a cost-cutting update is due November 12.