🔴 Enovix is trading 7% down today in pre-market as investors continued selling after August 12 earnings

Enovix is trading 7% down now at $4.08 as investors continued selling after the August 12 earnings report.

• Second-quarter revenue reached $9 million, while the adjusted loss beat expectations.
• Coverage highlighted margin pressure from the smart-eyewear ramp and ongoing commercialization risks.
• Enovix guided third-quarter revenue to $9 million–$10 million; smartphone qualification remains a longer-term catalyst.