Enovix (ENVX) Other Operating Expenses (2020 - 2023)
Enovix's (ENVX) quarterly Other Operating Expenses came in at -$1.6 million in Q4 2023, down 132.51% on a YoY basis from $4.9 million in Q4 2022, and down 136.27% quarter-over-quarter from $4.4 million in Q3 2023.
Analysis
Enovix (ENVX) Other Operating Expenses (2020 - 2023) Analysis & Trends
Enovix (ENVX) has reported Other Operating Expenses for 3 consecutive years, with -$1.6 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Other Operating Expenses fell 132.51% year-over-year to -$1.6 million; the trailing twelve-month figure through Sep 2024 stood at -$1.6 million (down 117.15% YoY), and the FY2023 full-year result was $4.4 million, down 10.36% from the prior year.
- Other Operating Expenses fell to -$1.6 million in Q4 2023 per ENVX's latest filing, from $4.4 million in the prior quarter.
- Across five years, Other Operating Expenses topped out at $4.9 million in Q1 2023 and bottomed at -$2.4 million in Q4 2020.
- Historically, Other Operating Expenses has averaged $1.4 million across 3 years, with a median of $1.4 million in 2020.
- The widest YoY moves for Other Operating Expenses: up 132.51% in 2023, down 132.51% in 2023.
- Over 3 years, Other Operating Expenses stood at -$2.4 million in 2020, then jumped by 168.47% to $1.6 million in 2021, then tumbled by 198.1% to -$1.6 million in 2023.
- According to Business Quant data, Other Operating Expenses over the past three periods registered -$1.6 million, $4.4 million, and $4.9 million for Q4 2023, Q3 2023, and Q1 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | EnerSys | 6.60 Bn | 6.08 Bn | 313.36 Mn |
| 2 | QuantumScape | 3.38 Bn | 3.38 Bn | - |
| 3 | Fluence Energy | 1.91 Bn | 1.40 Bn | 33.24 Mn |
| 4 | Eos Energy Enterprises | 1.32 Bn | 972.43 Mn | -48.80 Mn |
| 5 | Enovix | 727.73 Mn | 729.77 Mn | 1.30 Mn |
| 6 | Energy Vault Holdings | 690.97 Mn | 609.42 Mn | 5.38 Mn |
| 7 | Amprius Technologies | 467.46 Mn | 392.94 Mn | 9.28 Mn |
| 8 | Electrovaya | 290.55 Mn | 277.47 Mn | 6.19 Mn |
| 9 | Microvast Holdings | 265.33 Mn | 122.20 Mn | 25.78 Mn |
| 10 | Ses Ai | 166.91 Mn | 166.91 Mn | 1.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -1.60 Mn |
| Jul 2, 2023 | 4.41 Mn |
| Jan 1, 2023 | 4.92 Mn |
| Mar 31, 2021 | 1.63 Mn |
| Dec 31, 2020 | -2.38 Mn |
| Sep 30, 2020 | 1.15 Mn |