Enovix Corp.

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After the close of trading on November 1, 2022, Enovix Corp. announced its 2022 third-quarter financial results which were significantly below expectations. The company reported a net loss of $23.2 million, or $.15 per share, and stated that “[t]he majority of batteries shipped during the quarter were samples that did not generate revenue.”

Shares of Enovix plunged on the news falling more than 41% on November 2, 2022.

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