ENVX - Enovix Silicon Battery Manufacturer - Show Me Story That’s Proving It

- Enovix achieved 95% yields from Gen 2 manufacturing equipment during testing - Granted 15-year Pioneer Status from MIDA for manufacturing in Malaysia, leading to tax abatement - Site Acceptance Testing to be complete in 2Q24 - Gen 2 has confirmed minimum throughput of 1350 units per hour, tested at 1650 units per hour - Signed development agreement with a top 5 cellphone OEM and sampling for 6 of top 8 cellphone OEMs - EX-1M w/ 18% more energy density vs graphite to ship 2Q24, EX-2M expected to increase by 30% and ship before end of 2024 - Anticipate cost reductions of 35MM/year and Gen 2 cost to decrease as more lines added - CFO mentioned long runway before needing to raise capital, not at current stock price - Unsolicited interest from governments and Sovereign Wealth Funds for funding if Enovix sets up fab in their country - Show me story continues to de-risk as management delivers, facing 30% short base in float volume.

Summarized top reddit comments: - Upcoming CEO livestream on YouTube scheduled for 5/6 - Timeline for the next 2 years and economics laid out for each Gen 2 line - Stock still heavily shorted, potential for more news and partnerships - Company has laid out economics, signed development agreement with smartphone OEM, and nearing High Volume Manufacturing - Forecasted to ship several million batteries by year end, capacity for 4 lines at Fab-2 in Malaysia indicates potential for higher trade value