by default no, espruino interpreter runs the source directly as per https://www.espruino.com/Performance , that's why it is important to minify and pretokenize before upload. there is however flag pretokenise set by E.setFlags which behaves like this when loading file from storage (?) see https://www.espruino.com/Reference#l_E_getFlags , also there is "ram" attribute in function body that will copy it to ram (for speed critical code).
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