ENVX Q1 2024 Earnings — Enovix Corporation Revenue & Financial Results | Market Cap Arena

ENVXEnovix Corporation

$1B

Q1 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$5M+25004.8% YoY

Gross Profit

-$2M-34.1% margin

Operating Income

-$70M-1330.3% margin

Net Income

-$46M-879.5% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

-28.6%

Cash Flow

Operating Cash Flow

-$35M

Free Cash Flow

-$50M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$509M

Total Liabilities

$277M

Stockholders' Equity

$229M

Cash & Equivalents

$222M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$21,000	+25004.8%
Gross Profit	-$2M	-$12M	+85.3%
Operating Income	-$70M	-$63M	-10.9%
Net Income	-$46M	-$74M	+37.0%