Enovix Stock Analysis - When Revenues?

27/07/2023 12 min

Listen "Enovix Stock Analysis - When Revenues?"

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Stay informed with our free disruptive technology investing newsletter, Nanalyze Weekly. Signup now at https://www.nanalyze.com/nanalyze-weekly/. This episode is pulled from a YouTube presentation. View the original presentation at https://youtu.be/VoWUWULV2ig.

Enovix stock has been described as "the next NVIDIA" by some who believe that better batteries - more dense batteries - could be used by just about every industry. That's true, but said batteries need to be produced first, and at scale, for a price that generates a decent gross margin. Our Enovix stock analysis looks at the company's response to the problems they've been having and points investors to the only two metrics they need to be watching meaningful revenue growth that increases consistently over time, and a positive gross margin. Until this company can start selling their new batteries - lots of them - we're avoiding $ENVX stock. We don't invest in companies unless they have meaningful revenues. Ideas and great stores are a dime a dozen. Hopefully, fearless leader T. J. Rodgers can turn this company from one that's just surviving to one that's thriving. Until then, it's extremely overpriced. We'll check back in when they start making actual progress with product revenues.