Enovix Corporation

ENVXW

ENVXWEnovix Corporation US flag

NASDAQ Global Select

0.75

USD

-0.38

- -

158.83MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	- -	6	8	23	32
+ Sales & Services Revenue	- -	- -	6	8	23	32
- Cost of Revenue	3	2	23	63	25	26
+ Cost of Goods & Services	3	2	23	63	25	26
Gross Profit	-3	-2	-17	-55	-2	6
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	20	68	110	167	199	183
+ Selling, General & Admin	6	30	52	79	74	73
+ Research & Development	14	38	58	88	125	110
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-24	-70	-127	-223	-201	-177
- Non-Operating (Income) Loss	16	56	-75	-8	23	-19
+ Interest Expense, Net	- -	- -	-5	-10	-6	9
+ Interest Expense	- -	- -	- -	4	7	22
- Interest Income	- -	- -	5	14	12	13
+ Other Non-Op (Income) Loss	16	56	-70	2	29	-28
Pretax Income	-40	-126	-52	-215	-224	-158
- Income Tax Expense (Benefit)	- -	- -	- -	-1	-1	-1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-40	-126	-52	-214	-223	-157
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	-1	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	-1	- -
Income (Loss) Incl. MI	-40	-126	-52	-214	-222	-157
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-40	-126	-52	-214	-222	-157
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-40	-126	-52	-214	-222	-157
EBIT	-24	-70	-127	-223	-201	-177
EBITDA	-23	-68	-119	-189	-156	-142
EBITDA Margin (%)	- -	- -	-1,920.12	-2,470.09	-675.66	-446.69
EBITA	-24	-70	-127	-223	-201	-177
Gross Margin (%)	- -	- -	-274.7	-724.97	-8.86	19.19
Operating Margin (%)	- -	- -	-2,048.66	-2,915.01	-870.51	-557.03
Profit Margin (%)	- -	- -	-832.34	-2,800.51	-963.17	-492.57
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	2	8	34	45	35
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	33	398	330	323	295	542
+ Cash, Cash Equivalents & STI	29	385	323	307	273	512
+ Cash & Cash Equivalents	29	385	323	233	273	106
+ ST Investments	- -	- -	- -	74	- -	406
+ Accounts & Notes Receiv	- -	- -	- -	2	5	8
+ Accounts Receivable, Net	- -	- -	- -	1	5	4
+ Notes Receivable, Net	- -	- -	- -	2	- -	4
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	1	9	8	14
+ Raw Materials	- -	- -	- -	2	4	7
+ Work In Process	- -	- -	- -	7	3	6
+ Finished Goods	- -	- -	- -	- -	1	1
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	4	13	6	5	10	8
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	32	84	111	241	232	337
+ Property, Plant & Equip, Net	31	83	110	182	181	182
+ Property, Plant & Equip	35	88	122	226	202	232
- Accumulated Depreciation	4	5	12	44	21	50
+ LT Investments & Receivables	- -	- -	- -	- -	- -	107
+ LT Investments	- -	- -	- -	- -	- -	107
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	1	1	59	51	48
+ Total Intangible Assets	- -	- -	- -	54	49	44
+ Goodwill	- -	- -	- -	12	12	12
+ Other Intangible Assets	- -	- -	- -	42	36	32
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	1	5	2	4
Total Assets	65	483	441	564	527	879
+ Payables & Accruals	4	10	14	35	29	32
+ Accounts Payable	2	3	7	21	9	18
+ Accrued Taxes	- -	- -	3	3	4	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2	7	5	11	16	14
+ ST Debt	- -	- -	- -	6	9	10
+ ST Borrowings	- -	- -	- -	6	9	10
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	7	10	9	20	15	23
+ Deferred Revenue	5	6	- -	7	4	5
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	5	9	13	11	18
Total Current Liabilities	11	21	23	61	54	65
+ LT Debt	- -	9	8	185	183	531
+ LT Borrowings	- -	- -	- -	169	170	519
+ LT Finance Leases	- -	9	8	16	13	11
+ Other LT Liabilities	18	127	53	57	41	9
+ Accrued Liabilities	2	2	4	15	13	9
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	16	124	49	43	28	- -
Total Noncurrent Liabilities	18	136	61	242	224	540
Total Liabilities	29	156	84	303	278	605
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	243	659	741	857	1,068	1,308
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	243	659	741	857	1,068	1,308
- Treasury Stock	- -	- -	- -	- -	- -	58
+ Retained Earnings	-207	-333	-385	-599	-821	-978
+ Other Equity	- -	- -	- -	- -	- -	-1
Equity Before Minority Interest	36	326	356	258	247	271
+ Minority/Non Controlling Interest	- -	- -	- -	3	3	3
Total Equity	36	326	356	261	249	274
Total Liabilities & Equity	65	483	441	564	527	879
Shares Outstanding	145	152	157	167	191	217
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	9	8	16	13	11
Net Debt	-29	-385	-323	-58	-94	423
Net Debt to Equity	-80.47	-118.15	-90.58	-22.25	-37.53	154.42
Tangible Common Equity Ratio	55.75	67.58	80.9	40.55	41.96	27.56
Current Ratio	3.04	19.29	14.31	5.3	5.49	8.34
Cash Conversion Cycle	- -	- -	-68.15	-19.77	-70.86	45.19

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-40	-126	-52	-214	-223	-157
+ Depreciation & Amortization	1	2	8	34	45	35
+ Non-Cash Items	17	67	-40	68	85	33
+ Stock-Based Compensation	1	11	30	69	59	49
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	5	4	38	- -
+ Other Non-Cash Adj	16	56	-75	-5	-12	-17
+ Chg in Non-Cash Work Cap	2	6	1	7	-16	-7
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	-2	-4
+ (Inc) Dec in Inventories	- -	- -	-1	5	1	-6
+ (Inc) Dec in Prepaid Assets	-1	-3	1	-1	-2	- -
+ Inc (Dec) in Accts Payable	4	7	5	8	-5	6
+ Inc (Dec) in Other	-2	3	-4	-4	-8	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-20	-51	-83	-105	-109	-95
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-27	-44	-36	-62	-76	-18
+ Acq of Fixed Prod Assets	-27	-44	-36	-62	-76	-18
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	107	-58
+ Increase in Capital Stock	- -	- -	- -	- -	107	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-58
+ Net Change in LT Investment	- -	- -	- -	-71	75	-510
+ Dec in LT Investment	- -	- -	- -	67	107	75
+ Inc in LT Investment	- -	- -	- -	-138	-32	-585
+ Net Cash From Acq & Div	- -	- -	- -	-10	- -	-10
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-10	- -	-10
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-27	-44	-36	-143	-1	-538
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	2	- -	- -	172	4	359
+ Cash From Debt	2	15	- -	172	5	360
+ Repayments of Debt	- -	-15	- -	- -	- -	-1
+ Other Financing Activities	64	451	57	-13	39	167
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	66	451	57	160	151	467
Effect of Foreign Exchange Rates	- -	- -	- -	- -	-1	-1
Net Changes in Cash	19	356	-62	-88	41	-166
EBITDA	-23	-68	-119	-189	-156	-142
EBITDA Margin (%)	- -	- -	-1,920.12	-2,470.09	-675.66	-446.69
Free Cash Flow	-47	-95	-119	-166	-185	-114
Net Cash Paid for Acquisitions	- -	- -	- -	10	- -	10
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-95	-119	6	-180	246
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	0.51	0.41	1.6	0.49	0.49	0.61
Capital Expenditures	-27	-44	-36	-62	-76	-18