Enovix Expects $11 Million in Preliminary Q3 Revenue as Shares Jump
Photo: TokenPost
Enovix (ENVX) expects preliminary third-quarter revenue of $11 million, exceeding its prior guidance and a $9.49 million consensus forecast. The estimate would represent a 38% increase from the same quarter a year earlier and surpass the company’s previous revenue outlook of $9 million to $10 million. Enovix shares rose more than 13% in premarket trading Monday. The third-quarter revenue estimate remains preliminary and unaudited. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
