Enovix Corp (NASDAQ:ENVX) reported financial results for the second quarter after the market close on Thursday. Shares are moving lower in after-hours trading. Here’s a look at the key highlights from the quarter.
- Q2 Revenue: $7.47 million, versus estimates of $5.57 million
- Q2 Adjusted EPS: Loss of 13 cents, versus estimates for a loss of 17 cents
Total revenue was up 98% on a year-over-year basis, driven by “strong demand” for the lithium-ion battery company’s products. Enovix highlighted the launch of its AI-1 …