Financial PerformanceRevenue of $7.5 million beat our estimate of $5.5 million, adjusted gross profit of $1.2 million beat our estimate of a loss of $1.1 million, and adjusted EBITDA loss of $21.4 million beat our estimated loss of $25.4 million.
Product DifferentiationEnovix is poised to drive margin expansion and long-term profitability through its product differentiation and meaningful cost-downs over time.
Technology AdvancementThe AI-1 battery specs are top of class, beating ATL’s top-performing cells in energy density, highlighting Enovix’s lead in the energy density race.