Enovix Shares Rise 14.7% After 100,000-Unit Drone Battery Order

Enovix shares rose 14.7% in after-hours trading Tuesday after Enovix said it received an initial purchase order for 100,000 battery units from an unnamed multinational drone systems provider. The customer is scaling its use of Enovix cells, with deliveries scheduled for the first half of 2027. The company did not identify the drone systems provider. Enovix shares trade under the ticker ENVX on the Nasdaq. The order adds a drone-related customer commitment to the company’s recent business updates, including its preliminary third-quarter revenue outlook of $11 million. John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost