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Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Enovix Corporation develops advanced lithium-ion battery cells using a 3D silicon-anode architecture and proprietary manufacturing processes aimed at higher energy density and improved safety for portable electronics and other markets. Long-term growth may be driven by rising demand for higher-capacity, smaller-form-factor batteries, successful commercialization and factory scale-up, and its patent portfolio. Investors may find the company attractive because it appears positioned to deliver energy-density advantages that could support new device designs if execution holds.
Principal risks are complex and capital-intensive manufacturing scale, competition from established cell makers and alternative chemistries, supply-chain exposure, and the possibility that real-world performance or cost fails to produce a durable commercial advantage.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -51.62M | -125.87M | -39.65M | - |
| Net income | 99.30M | -126.04M | -37.38M | - |
| Selling general administrative | 51.97M | 29.70M | 5.71M | - |
| Gross profit | -17.04M | -1.97M | -3.38M | - |
| Reconciled depreciation | 7.97M | 1.51M | 0.58M | - |
| Ebit | -131.98M | -69.52M | -23.53M | -16.51M |
| Ebitda | -189.34M | -68.03M | -25.33M | - |
| Depreciation and amortization | -57.37M | 1.49M | -1.80M | - |
| Non operating income net other | 75.13M | -56.16M | - | - |
| Operating income | -131.98M | -69.52M | -23.53M | - |
| Other operating expenses | 133.26M | 69.52M | 23.53M | - |
| Interest expense | 5.23M | 0.19M | 0.11M | 0.00M |
| Interest income | 5.23M | - | - | - |
| Net interest income | 5.23M | -0.19M | -0.11M | - |
| Non recurring | 4.92M | - | - | - |
| Income tax expense | -150.93M | 0.16M | -2.27M | - |
| Total revenue | 6.20M | 0.00M | 0.00M | - |
| Total operating expenses | 110.02M | 67.56M | 20.16M | - |
| Cost of revenue | 23.24M | 1.97M | 3.38M | - |
| Total other income expense net | 80.36M | -56.35M | -16.12M | - |
| Net income from continuing ops | -51.62M | -125.87M | -39.65M | - |
| Net income applicable to common shares | -51.62M | -125.87M | -39.65M | -16.19M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 564.30M | 440.59M | 482.56M | 64.96M | - |
| Intangible assets | 42.17M | - | - | - | - |
| Other current assets | 5.20M | 5.19M | 8.27M | 0.95M | 0.07M |
| Total liab | 303.20M | 84.16M | 156.45M | 28.75M | - |
| Total stockholder equity | 258.15M | 356.43M | 326.12M | 36.22M | - |
| Deferred long term liab | - | - | - | 0.49M | 0.97M |
| Other current liab | 2.44M | 15.90M | 0.71M | 0.11M | 0.10M |
| Common stock | - | 0.01M | 0.01M | 0.01M | 0.06M |
| Capital stock | 0.02M | 0.01M | 0.01M | 0.01M | - |
| Retained earnings | -598.85M | -384.77M | -333.15M | -207.28M | -167.63M |
| Other liab | - | 52.90M | 126.74M | 17.88M | 6.23M |
| Good will | 12.10M | - | - | - | - |
| Other assets | - | 0.94M | 1.16M | 0.63M | 1.10M |
| Cash | 233.12M | 322.85M | 385.29M | 29.14M | - |
| Total current liabilities | 61.02M | 23.03M | 20.64M | 10.87M | 1.03M |
| Current deferred revenue | - | 0.05M | 5.58M | 5.41M | - |
| Net debt | - | -314.62M | -376.22M | -29.14M | - |
| Short term debt | - | - | 11.21M | 3.27M | - |
| Short long term debt | 5.92M | - | - | - | - |
| Short long term debt total | - | 8.23M | 9.07M | - | - |
| Other stockholder equity | - | 741.19M | 659.25M | 243.48M | - |
| Property plant equipment | - | 103.87M | 83.28M | 31.29M | 4.92M |
| Total current assets | 323.18M | 329.65M | 398.12M | 33.04M | 10.60M |
| Net tangible assets | - | 356.43M | 326.12M | 36.22M | -126.94M |
| Short term investments | 73.69M | - | - | - | - |
| Net receivables | 0.91M | 0.17M | 0.30M | 0.20M | - |
| Long term debt | 169.10M | - | - | - | - |
| Inventory | 8.74M | 0.63M | - | - | - |
| Accounts payable | 21.25M | 7.08M | 3.14M | 2.08M | 0.26M |
| Accumulated other comprehensive income | - | - | -482.56M | - | - |
| Common stock total equity | - | 0.01M | 0.01M | - | - |
| Retained earnings total equity | - | -384.77M | -333.15M | - | - |
| Non currrent assets other | 5.10M | 0.94M | 1.16M | 0.63M | - |
| Non current assets total | 241.13M | 110.94M | 84.44M | 31.92M | - |
| Capital lease obligations | 15.59M | 8.23M | 9.07M | 0.00M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -36.21M | -43.58M | -26.95M | - |
| Change to liabilities | 0.68M | 3.89M | 2.01M | 5.39M |
| Total cashflows from investing activities | -36.21M | -43.58M | -26.95M | -1.65M |
| Net borrowings | - | 405.15M | 1.63M | 5.65M |
| Total cash from financing activities | 56.51M | 451.49M | 65.92M | 5.79M |
| Change to operating activities | 3.42M | 1.85M | 0.18M | -0.92M |
| Net income | -51.62M | -125.87M | -39.65M | -16.19M |
| Change in cash | -62.44M | 356.20M | 18.92M | -6.84M |
| Begin period cash flow | 385.42M | 29.22M | 10.30M | - |
| End period cash flow | 322.98M | 385.42M | 29.22M | 10.30M |
| Total cash from operating activities | -82.74M | -51.70M | -20.05M | -10.98M |
| Issuance of capital stock | 0.00M | 0.00M | 63.93M | - |
| Depreciation | 7.97M | 1.51M | 0.58M | 0.51M |
| Change to inventory | -0.63M | -0.63M | -0.63M | -0.63M |
| Change to account receivables | -0.17M | -0.17M | -0.17M | -0.17M |
| Sale purchase of stock | -0.01M | -0.03M | -0.03M | - |
| Other cashflows from financing activities | 3.69M | 466.52M | 65.95M | -31.50M |
| Change to netincome | -39.89M | 66.91M | 16.83M | 0.24M |
| Capital expenditures | 36.21M | 43.58M | 26.95M | 1.65M |
| Change receivables | -0.17M | - | - | - |
| Cash flows other operating | 1.47M | -2.94M | - | - |
| Cash and cash equivalents changes | -62.44M | 356.20M | - | - |
| Change in working capital | 0.80M | 5.74M | 2.19M | - |
| Stock based compensation | 30.37M | 10.71M | 0.67M | - |
| Other non cash items | -70.26M | 56.20M | 2.53M | - |
| Free cash flow | -118.95M | -95.29M | -47.00M | - |
Sector: Industrials Industry: Electrical Equipment & Parts
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Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ENVX Enovix Corp |
-0.09 3.04% |
2.87 | - | - | 128.74 | 3.81 | 113.53 | -4.92 |
| CYATY Contemporary Amperex Technology Co., Limited |
-0.07 0.45% |
15.60 | 36.64 | 32.15 | 0.91 | 7.88 | 3.67 | 16.91 |
| ABBNY ABB Ltd |
-0.71 0.72% |
97.17 | 38.41 | 30.96 | 5.22 | 10.79 | 5.24 | 24.44 |
| ABLZF ABB Ltd |
-1.90 1.92% |
97.10 | 33.82 | 23.15 | 4.71 | 10.45 | 4.77 | 22.47 |
| BE Bloom Energy Corp |
22.05 8.27% |
288.70 | 332.50 | 53.48 | 24.54 | 46.97 | 24.35 | 216.72 |
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
| Name | Title | Year Born |
|---|---|---|
| Dr. Thurman John Rodgers Ph.D. | Exec. Chairman | 1948 |
| Mr. Harrold J. Rust | Co-Founder, CEO, Pres & Director | 1962 |
| Mr. Ashok Lahiri | Founder & CTO | 1960 |
| Mr. Steffen Pietzke CPA | Chief Financial Officer | 1972 |
| Dr. Murali Ramasubramanian | Founder and VP of R&D | NA |
| Dr. Robert M. Spotnitz | Founder | NA |
| Mr. Ajay Marathe | Chief Operating Officer | NA |
| Mr. Charles Lowell Anderson | Functional Lead of Investor Relations | NA |
| Mr. Ralph H. Schmitt | VP of Sales & Bus. Devel. | 1961 |
| Ms. Iryna Romaniv | Head of HR | NA |
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