Enovix Corporation, a global high-performance battery company, has released its financial results for the fourth quarter and full year 2024. The company has reported significant achievements in revenue growth, manufacturing readiness, and strategic partnerships, setting the stage for a promising 2025. Financial Highlights Enovix reported record revenues for both the fourth quarter and the full year 2024. Fourth quarter revenues reached $9.7 million, near the high end of the company's guidance, while full year revenues were $23.1 million, marking a 202% increase from $7.6 million in 2023. The company also achieved its first-ever positive gross margin of $1.1 million or 11% of sales in Q4 2024. Despite these gains, Enovix reported a GAAP net loss of $37.5 million for the fourth quarter, compared to a $22.5 million loss in the previous quarter. Adjusted EBITDA showed improvement, with a loss of $11.7 million in Q4 2024, compared to a loss of $21.6 million in Q3 2024.