BOSTON, Nov. 09, 2022 (GLOBE NEWSWIRE) — Block & Leviton is investigating Enovix Corp. (NASDAQ: ENVX) for potential securities law violations. Investors starting their investment in Enovix Corp. Lost money should do so contact the company to learn more about how to make up for those losses. For more information, see https://www.blockleviton.com/cases/envx.

Why is?

After the close of trading on November 1, 2022, Enovix Corp. announced its financial results for the third quarter of 2022, which were significantly below expectations. The company reported a net loss of $23.2 million, or $0.15 per share, stating, “[t]The majority of batteries shipped during the quarter were samples that did not generate revenue.”

Enovix shares plummeted on news that they fell more than 41% on November 2, 2022.

Who is Eligible?

Anyone who owns shares of Enovix Corp. and lost money may be eligible regardless of whether they have sold their investment or not. Investors should contact Block & Leviton for more information.

What does Block & Leviton do?

Block & Leviton is investigating whether the company may have violated federal securities laws and may file a lawsuit to try to recover losses on behalf of investors who have lost money.

What should you do next?

If you’ve lost money on your investment, you should contact Block & Leviton to learn more about ours case website, by email at [email protected]or by calling (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued press releases in this regard; Most of these firms do not conduct securities class actions. Block & Leviton is a law firm that actually hears cases. We are committed to obtaining significant recoveries on behalf of defrauded investors through active litigation in federal courts across the country. Many of the country’s leading institutional investors entrust us with representing their interests. You can learn more about us on our website, www.blockleviton.comor call (617)…