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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Movano (MOVE) investor relations material
Movano Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Registration Filing summary22 Dec, 2025
Company overview and business model
Corvex is an AI cloud computing company specializing in GPU-accelerated infrastructure for AI workloads, offering secure, scalable, and cost-efficient computational resources for model training and inference.
The platform provides managed Kubernetes or bare metal deployments, confidential computing, and is compliant with HIPAA and SOC2.
Corvex's Token Factory, in development, aims to increase token throughput and reduce per-token pricing for AI models.
The company targets industries requiring high-performance, secure AI infrastructure, including technology, healthcare, financial services, and government.
Corvex employs a direct sales model supported by strategic partnerships with hardware, software, and data center providers.
Financial performance and metrics
For the nine months ended September 30, 2025, Corvex generated $4.8 million in revenue, with a net loss of $3.8 million.
Operating expenses included $1.3 million in cost of revenue, $4.8 million in technology and infrastructure, $0.6 million in sales and marketing, and $2.4 million in general and administrative costs.
As of September 30, 2025, Corvex had $2.7 million in cash and cash equivalents and $28.2 million in property and equipment, primarily servers and data center assets.
Four customers accounted for 95% of revenue in the nine months ended September 30, 2025, indicating high customer concentration.
Corvex raised $22 million from Series Seed Preferred Stock and $37.1 million from SAFEs between inception and September 2025.
Use of proceeds and capital allocation
Up to $1 billion in gross proceeds may be raised through the committed equity facility with Chardan, with actual proceeds dependent on share sales and market price.
Proceeds from any sales to Chardan are intended for general corporate purposes, with broad discretion over allocation, subject to Corvex's consent prior to the merger closing.
Corvex plans to invest in infrastructure expansion, technology development, and scaling operations to support growth.
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Next Movano earnings date
Q4 20253 Apr, 2026
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Frequently asked questions
Movano Inc., operating as Movano Health, is a health technology company that focuses on creating wearable devices designed to monitor and manage health conditions. The company's flagship product, the Evie Ring, is a smart wearable specifically targeted at women. It tracks a wide range of health and wellness metrics, including heart rate, blood oxygen levels, respiration, skin temperature, sleep patterns, menstrual cycle, and more. Movano is also developing technology for continuous glucose monitoring (CGM) and non-invasive blood pressure measurement, utilizing its proprietary System-on-a-Chip (SoC) solutions. The company is based in Pleasanton, California, and its shares are listed on the NASDAQ.
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