Enovix (ENVX) reported a Q1 non-GAAP loss late Wednesday of $0.14 per diluted share, widening from a loss of $0.13 a year earlier.
Analysts polled by FactSet expected a loss of $0.16.
Revenue for the quarter ended April 5 was $7.6 million, up from $5.1 million a year earlier.
Analysts surveyed by FactSet expected $7 million.
The company expects a Q2 non-GAAP loss of $0.13 to $0.17 on revenue of $8 million to $9 million. Analysts surveyed by FactSet expect a non-GAAP loss of $0.15 and revenue of $8.6 million.
Shares were down 17% in after-hours activity.
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