Filing Flows › Enovix (ENVX) › Q4 2024
Enovix (ENVX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
Enovix (ENVX) reported revenue of $9.7M for the fourth quarter 2024 (Q4 2024), +32% from a year earlier and +125% from the quarter before. Operating margin was -355.2%, net loss $37.5M (385.4% of revenue).
Enovix, Q4 2024: revenue $9.7M (+32% year over year), operating margin -355.2%, net loss $37.5M, operating cash flow −$16.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | +125% | +32% |
| Operating profit | −$34.5M | — | — |
| Net earnings | −$37.5M | — | — |
| Operating cash flow | −$16.0M | — | — |
What changed
Revenue was $9.7M in Q4 2024, up 32% year over year and up 125% from the previous quarter.
Gross margin was 10.8%. Operating costs exceeded revenue by $34.5M, an operating margin of -355.2%. The quarter ended with a net loss of $37.5M, wider than the previous quarter's $22.6M loss.
Operating cash flow was −$16.0M. Non-cash charges added back $7.5M of depreciation and amortization and $10.2M of share-based compensation. Working capital and other items added $3.7M. Capital expenditures of $16.4M exceeded it, leaving free cash flow of −$32.3M.
Questions
What was Enovix's revenue in the fourth quarter 2024?
Enovix (ENVX) reported revenue of $9.7M for the fourth quarter 2024 (Q4 2024), +32% from a year earlier and +125% from the quarter before.
Was Enovix profitable in the fourth quarter 2024?
Operating loss was $34.5M (-355.2% of revenue) and net loss $37.5M.
Source: Enovix 10-K on SEC EDGAR.