Enovix Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-31

Enovix (NASDAQ:ENVX) Third Quarter 2024 Results Key Financial Results Revenue: US$4.32m (up by US$4.12m from 3Q 2023). Net loss: US$22.5m (loss widened by 39% from 3Q 2023). US$0.13 loss per share (...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 5.0%. Earnings per share  also surpassed analyst estimates by 56%.Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US.The company's share price is broadly unchanged from a week ago.You should always think about risks. Case in point, we've spotted   4 warning signs for Enovix  you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ENVX":"Enovix Corporation"},"translate_title":"Enovix 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENVX":0.9},"content_text":"Enovix (NASDAQ:ENVX) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$4.32m (up by US$4.12m from 3Q 2023).\nNet loss: US$22.5m (loss widened by 39% from 3Q 2023).\nUS$0.13 loss per share (further deteriorated from US$0.10 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:ENVX Earnings and Revenue Growth October 31st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nEnovix Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 56%. \n Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US. \nPerformance of the American Electrical industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   4 warning signs for Enovix  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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