09:13 AM EDT, 07/07/2025 (MT Newswires) -- Enovix ( ENVX ) reported Monday preliminary Q2 non-GAAP net loss per share of $0.15 per share, compared with a loss of $0.14 per share a year earlier.

Analysts polled by FactSet expected an adjusted loss of $0.19 per share.

Revenue for the quarter ended June 29 was $7.5 million, which "nearly doubled" from a year earlier, the company said.

Analysts surveyed by FactSet expected $5.6 million.

As of June 29, the company's cash, cash equivalents, and short-term investments were about $203 million.

Shares of the company were over 10% higher in recent premarket activity.