NASDAQ$ENVX
Enovix Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Achieved important milestones including advanced 3D SiliconTM lithium-ion batteries production and BrakeFlowTM announcement.
Enovix made significant strides in Q1 2022, initiating production of advanced 3D SiliconTM lithium-ion batteries for customer qualification and introducing BrakeFlowTM, a safety innovation. The company is poised to recognize its first product revenue in Q2 2022 and secured an initial order from a major consumer electronics firm for smartwatch batteries. With a revenue funnel of $1.5 billion and active design and design wins growing to $371 million, Enovix is focused on scaling production to meet overwhelming demand.
- Produced advanced 3D SiliconTM lithium-ion batteries for customer qualification.
- Announced BrakeFlowTM, a breakthrough in advanced lithium-ion battery safety.
- Received an initial order from one of the world’s largest consumer electronics companies for high-energy smartwatch battery.
- Revenue funnel was $1.5 billion at the end of Q1 2022, with active design and design wins growing to $371 million.
Headline financials
Revenue & EPS history
Enovix · Revenue · Quarterly
$7.6M
Forward guidance
Enovix anticipates revenue between $6 million and $12 million for 2022, encompassing both product and non-recurring engineering (NRE) revenue. The company plans to allocate $190 million to $210 million in cash for the full year, with approximately 55% dedicated to capital expenditures.
Tailwinds
- Continued activities for yield and throughput improvement.
- Production lines will be busy producing qualification samples to seed future revenue ramps.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.5%
Avg return
30 days after
52%
11 / 21 earnings
Positive
+51.3%
Q1 2024
Best reaction
-44.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.4% | -14.9% | -4.6% | |
| Q4 2025 | -3.3% | -17.6% | -15.0% | |
| Q3 2025 | +0.7% | +4.5% | -33.3% | |
| Q1 2025 | -8.4% | -9.1% | +13.7% | |
| Q4 2024 | +2.6% | -15.6% | -24.5% | |
| Q3 2024 | -8.2% | -20.8% | -19.1% | |
| Q2 2024 | -17.4% | -19.2% | -32.5% | |
| Q1 2024 | +51.3% | +56.2% | +69.6% | |
| Q4 2023 | -12.3% | -22.0% | -29.1% | |
| Q3 2023 | +15.3% | +2.5% | +10.7% | |
| Q2 2023 | -2.0% | +13.1% | -26.8% | |
| Q1 2023 | -16.8% | -13.7% | -4.3% | |
| Q4 2022 | +16.3% | +7.7% | +41.0% | |
| Q3 2022 | -44.2% | -43.1% | -34.9% | |
| Q2 2022 | +46.6% | +72.3% | +46.1% | |
| Q1 2022 | +3.3% | +3.1% | +46.2% | |
| Q3 2020 | +4.6% | +6.0% | -21.5% | |
| Q3 2021 | +0.5% | +14.3% | +12.3% | |
| Q4 2020 | -5.8% | -4.1% | +11.0% | |
| Q2 2021 | -4.8% | -3.8% | +7.9% | |
| Q1 2021 | +12.1% | +23.8% | +60.7% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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