Vmbook Online ordering

Icons

I'm glad to help you with that! INVE (INVE) is a special purpose acquisition company, also known as a SPAC, that recently completed a merger with a company in the solid-state drive (SSD) space. The new company is called NvME (NVMF), and it focuses on providing high-performance, high-endurance SSDs for enterprise and data center customers.

NVME's stock is currently trading on the NASDAQ exchange under the symbol "NVME." The company's market capitalization is around $1.3 billion as of March 2023.

In terms of financials, NVME has not yet released any earnings reports as a publicly traded company, as the merger with INVE was only completed in December 2022. However, the company has provided some guidance for its first quarter and full year 2023 financials.

For the first quarter of 2023, NVME expects revenue to be in the range of $110 million to $115 million, representing year-over-year growth of 116% to 127%. For the full year 2023, the company expects revenue to be in the range of $525 million to $550 million, representing year-over-year growth of 73% to 80%.

NVME's growth is being driven by the increasing demand for high-performance SSDs in enterprise and data center applications. The company's SSDs use NVMe (Non-Volatile Memory Express) technology, which provides faster data transfer rates, lower latency, and higher throughput compared to traditional SATA and SAS SSDs.

Investors are also bullish on NVME's prospects due to its strong management team, led by CEO Radoslav Danilak, who has a track record of success in the enterprise storage industry. The company also has partnerships with major technology companies such as Dell, HPE, and IBM.

In summary, NVME is a high-growth company in the enterprise SSD space with a strong management team and partnerships with major technology companies. The company is expected to report its first quarter and full year 2023 financials in the coming months, which will provide more insight into its financial performance and growth prospects.