Ben Metcalfe

@EnovixBatteries In the last earnings call Raj said they have a purchase order for smart glasses and were making two sizes, one on agility and HVM lines. Why in this podcast recorded 2 weeks after earning does he say they aren't in production yet?? #ENVX Enovix IR can you explain please?

At #MWC2026, Enovix CEO Dr. Raj Talluri joined the #MobileTechPodcast to discuss how Enovix is advancing battery innovation with 100% active silicon anode technology. Listen here 🎧 ow.ly/r3ZW50YrsAz

@eenLien I've been underwater so long I've developed gills and protanopia (red colour's blindness) Still here.

December 2023 - Who’s still here? ☺️

@Bleacherbum @EnovixBatteries @eenLien You got me by 17 min, I didnt check the comments.

@EnovixBatteries Nothing like being a day behind @eenLien mentioning this! You guys are always so timely! Haha $ENVX

We’re excited to be at #InterBattery Korea this week! Visit the Enovix booth to see our battery platforms powering next-gen applications, including drone demos and cells from our Enovix Korea SLPB and FLPB lineups.

@EnovixBatteries @EnovixBatteries IR you're late. @eenLien already made us aware this was happening. Nice try

@EnovixBatteries IR with crickets for the last 12 months. We need news now more than ever to prevent this stock from dropping even further. Good thing @eenLien has made a return and posted/uncovered more in 2 days than $envx has in a year.

@LateReaponder I shuttered with embarrassment for that kid and his queations during last earnings call.

Wonder if loop still holds $100 PT. Junior filler has been joining lately who seems very green $envx

@LateReaponder Hard to have a read with no info from the company. There is already way too much speculation on Twitter. I'm well underwater, so I'm stuck riding the ride now. I think they will do it, but its been disappointing to say the least.

@RetailENVX Yea makes sense. there’s only so many levers to pull and if infact meaningful revenue is much further away then need to stretch that dollar. I don’t have a clear read rt now. I usually do

How much firepower does the buy back have ? Ticker is lost and trying to find another crevice to fall into 😩 $envx

@spenbaker @MichelNantel Ah, thanks for the reference.

@RetailENVX @MichelNantel It’s in the earnings deck where the PO is referred to as high volume.

$ENVX Smart eyewear engagement expanding → Silicon Valley based AI leader submitted an initial 2026 high volume production order.

@doh_in @Tom24172978 @spenbaker I think this sentence is lost in translation because they said the dicing is a fraction of what they need, so it would ot be at 80% this Q

@Tom24172978 @spenbaker The dicing zone’s yield had not reached 80% by the end of 2025, but as of the earnings call in February 2026, it has now achieved 80%.

$envx Not had a chance yet to delve into the ec. At first blush it seems I was right to have low expectations for this call. Nothing particularly negative but slightly disappointing that the Honor qual might be further delayed. Seems the best news was a purchase order for smart glasses, probably for Google.

@2percentisfair I agree Android XR would be awesome. But if we can't manufacture then we are dead in the water. I do think the comment was related to making a first legit PO for 100% si batteries. Even though Raj was quick to jump in and say small order

@RetailENVX I didn’t interpret it as a large PO. But if it’s for Google, on their marquee new rollout of glasses. Even if they are just testing multiple options. That’s a very big deal.

$ENVX The wearable glasses being called a purchase order and “not all dollars are the same” (as in this big) and the Android XR comments lead me to believe this may be the Google XR platform opportunity That’s the best news from the call The rest was great candor. MFG is hard

@fourier_f I agree, its a good sign they are having weekly meetings.

@RetailENVX Honor apparently wants the $ENVX battery. They are devoting a lot of their time and their engineering resources to facilitate $ENVX ‘s battery R&D program.

$ENVX after Raj and company received the piles of cash last September, with the $300 million offering, they essentially just stopped communicating with investors. It has been the most bizarre thing I have ever seen. We know they can communicate well, as seen with the warrant dividend, but outside of that not much interest in keeping investors informed. Definitely a choice and a pretty awful choice.

@spenbaker Good catch. The concern now is the emphasis on lithium-ion batteries first, then the mention of silicone. If we were truly close to mass manufacturing and large POs wouldn't you have that first as your mission statement?

$envx Interesting change to the about us bit in today’s PR: “About Enovix Enovix is a global high-performance battery company serving smartphone, smart eyewear, defense, and emerging edge-AI applications. The company currently manufactures and delivers high-performance lithium-ion batteries for mission-critical defense and industrial uses while advancing commercialization of its next-generation silicon-anode battery platform for smartphones, smart eyewear, and other edge-AI devices requiring higher energy density and performance without compromising safety. Enovix partners with leading OEMs worldwide and is expanding manufacturing capabilities to support commercialization across consumer, industrial, and defense markets, including drones and other mission-critical systems.”

@fourier_f I agree it would make sence to test in different SKUs simultaneously for efficiencies sake, but I dont see Honor putting all their eggs in 1 basket by launching multiple SKUs with unproven tech that is only now being tested for longevity.

@RetailENVX Entirely possible that Honor installed the $ENVX batt. and is testing the batt. in the full range of phone SKU’s now. Would actually make sense that Honor would test all phone configurations concurrently, efficiency-wise.

@spenbaker @fourier_f @bleacherbum @DornTownsend @DonpedroDi @DrTJRodgers @jmalchow Thanks for clarification on who said the quote. The message is the same as Benton agreed and didn't take the opportunity to correct it and say millions in the first order.

@RetailENVX @fourier_f @bleacherbum @DornTownsend @DonpedroDi @DrTJRodgers @jmalchow To be clear, an analyst rather than Benton said that.

@fourier_f Good find with evidence- I take that wording to mean. They are building a battery to the specs go in 1 phone model e.g. Magic, Folding, ect. Within that model are SKU's in the hundred of thousands. I believe $ENVX first win will be 1 SKU not the entire model.

@RetailENVX @bleacherbum @DornTownsend @DonpedroDi @DrTJRodgers @jmalchow 12/2025 Canaccord interview Per Raj: Honor is testing the $ENVX battery in a single phone model. If the testing goes well, they will move forward to production planning and a purchase order. Battery production ramp begins in 2H2026. ir.enovix.com/events/event-d…

@fourier_f @bleacherbum @DornTownsend @DonpedroDi @DrTJRodgers @jmalchow In an interview Benton said 1st field test is 100K. The phones give auto feedback to Honor and if all goes well ENVX expands into multiple SKU's which is then ~5M. We need proof of scale first. I initially thought no coms was trade secrets, After 3 years I'm starting to doubt.

@RetailENVX @bleacherbum @DornTownsend @DonpedroDi @DrTJRodgers @jmalchow Would expect $ENVX first battery order for Honor’s production cellphone to number in the millions of units. Niche Flip-fold phone models’ production ballpark estimates could be around 5M units which is considered “not large” for the cellphone industry.

@bleacherbum @DornTownsend @DonpedroDi @DrTJRodgers @jmalchow Raj said the first order won't be large. I figured this will drag out for another 2 years. I bet Honor orders 100K batteries to field test and retail investors will get excited. However it doesn't prove manufacturing at scale and we will still be waiting for yield results $ENVX

Yep. And they are clearly trying to delay the earnings call to make sure they go into earnings with the Honor order. The only problem is if Honor doesn't order a very large amount, they have just spent such a long period of time working to get a volume of batteries that they could have already made over the last year and a half since Penang factory opened. We shall see. I truly hope it is a huge order from Honor, just not holding my breath with this company.