Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents $ 233,121,000 $ 322,851,000
Short-term investments 73,694,000 0
Accounts receivable, net 909,000 170,000
Notes receivable, net 1,514,000 0
Inventory 8,737,000 634,000
Prepaid expenses and other current assets 5,202,000 5,993,000
Total current assets 323,177,000 329,648,000
Property and equipment, net 166,471,000 103,868,000
Customer relationship intangibles and other intangibles, net 42,168,000 0
Operating lease, right-of-use assets 15,290,000 6,133,000
Goodwill 12,098,000 0
Other assets, non-current 5,100,000 937,000
Total assets 564,304,000 440,586,000
Current liabilities:    
Accounts payable 21,251,000 7,077,000
Accrued expenses 13,976,000 7,089,000
Accrued compensation 10,731,000 8,097,000
Short-term debt 5,917,000 0
Deferred revenue 6,708,000 50,000
Other liabilities 2,435,000 716,000
Total current liabilities 61,018,000 23,029,000
Long-term debt, net 169,099,000 0
Warrant liability 42,900,000 49,080,000
Operating lease liabilities, non-current 15,594,000 8,234,000
Deferred revenue, non-current 3,774,000 3,724,000
Deferred tax liability 10,803,000 0
Other liabilities, non-current 13,000 92,000
Total liabilities 303,201,000 84,159,000
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of 167,392,315 and 157,461,802 as of December 31, 2023 and January 1, 2023, respectively 17,000 15,000
Preferred stock, $0.0001 par value; authorized shares of 10,000,000; no shares issued or outstanding as of December 31, 2023 and January 1, 2023, respectively 0 0
Additional paid-in-capital 857,037,000 741,186,000
Accumulated other comprehensive loss (62,000) 0
Accumulated deficit (598,845,000) (384,774,000)
Total Enovix's stockholders’ equity 258,147,000 356,427,000
Non-controlling interest 2,956,000 0
Total equity 261,103,000 356,427,000
Total liabilities and equity $ 564,304,000 $ 440,586,000