Enovix Releases Second Quarter Financial Results for Fiscal Year 2024

Enovix's second quarter financial report for fiscal year 2024 shows that the cumulative revenue in the first six months was US$9.04 million, compared with US$63,000 in the same period last year, a year-on-year increase of 14,249.21%. However, the cumulative net loss in the first six months of fiscal year 2024 was US$162 million, compared with US$138 million in the same period last year, a year-on-year increase of 17.79%.