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Enovix sees Q1 revenue $3.5M-$4.5M, consensus $4.56M

The company said, “For the first quarter of 2024, we expect revenue between $3.5 million and $4.5 million, an adjusted EBITDA loss of $24 million to $31 million, and a Non-GAAP EPS loss of $0.29 to $0.35 which includes approximately $0.10 of negative EPS impact from accelerated depreciation associated with the strategic realignment of Fab1.”

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