Enovix Corp
For the period ended Sep 29, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Oct 30, 2024
ENVX$2.64-5.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets as of
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and par value amounts)
| September 29,2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $200,912 | $233,121 |
| Short-term investments | — | 73,694 |
| Accounts receivable, net | 1,911 | 909 |
| Notes receivable, net | — | 1,514 |
| Inventory | 9,564 | 8,737 |
| Prepaid expenses and other current assets | 11,598 | 5,202 |
| Total current assets | 223,985 | 323,177 |
| Property and equipment, net | 157,680 | 166,471 |
| Customer relationship intangibles and other intangibles, net | 37,583 | 42,168 |
| Operating lease, right-of-use assets | 13,810 | 15,290 |
| Goodwill | 12,217 | 12,098 |
| Other assets, non-current | 2,746 | 5,100 |
| Total assets | $448,021 | $564,304 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $15,046 | $21,251 |
| Accrued expenses | 13,855 | 13,976 |
| Accrued compensation | 8,038 | 10,731 |
| Short-term debt | 11,555 | 5,917 |
| Deferred revenue | 6,206 | 6,708 |
| Other liabilities | 4,760 | 2,435 |
| Total current liabilities | 59,460 | 61,018 |
| Long-term debt, net | 168,744 | 169,099 |
| Warrant liability | 23,265 | 42,900 |
| Operating lease liabilities, non-current | 14,346 | 15,594 |
| Deferred revenue, non-current | 3,774 | 3,774 |
| Deferred tax liability | 8,178 | 10,803 |
| Other liabilities, non-current | 12 | 13 |
| Total liabilities | 277,779 | 303,201 |
| Commitments and Contingencies (Note 9) | ||
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of 177,591,877 and 167,392,315 as of September 29, 2024 and December 31, 2023, respectively | 18 | 17 |
| Additional paid-in-capital | 951,237 | 857,037 |
| Accumulated other comprehensive loss | (42) | (62) |
| Accumulated deficit | (783,621) | (598,845) |
| Total Enovix's stockholders’ equity | 167,592 | 258,147 |
| Non-controlling interest | 2,650 | 2,956 |
| Total equity | 170,242 | 261,103 |
| Total liabilities and equity | $448,021 | $564,304 |
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