Evolv Technologies Holdings

Evolv Technologies Holdings, Inc. engages in the manufacture and development of security screening products. It also provides artificial intelligence-based security screening solutions for industries including casinos, industrial workplaces, schools, and ticketed venues. The company was founded by Anil R. Chitkara and Michael Philip Ellenbogen in July 2013 and is headquartered in Waltham, MA.

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Evolv Technologies achieves record growth in Q4, eyes subscription model

Evolv Technologies delivered a strong performance in Q4 2022, setting records in revenue, ARR, and RPO. The company's strategic focus on doubling ARR in 2023, transitioning to a subscription model, and enhancing gross margins positions it for continued success.

Evolv Technologies excels in Q1, eyes doubling ARR in 2023

Evolv Technologies delivered strong financial performance in Q1 2023, with significant revenue growth and a focus on profitability through a subscription model transition.
The company's strategic partnerships, market adoption, and improved sales cycle present opportunities for sustained growth and margin expansion in the future.
While challenges like regional focus and cash management exist, Evolv's solid performance and outlook indicate a promising trajectory for investors and stakeholders.

Evolv Technologies (EVLV) doubles down on growth prospects post-record Q2

Evolv Technologies Holdings (EVLV) delivered a robust performance in Q2, showcasing record revenue, ARR, and RPO. The company is confident in its growth trajectory, emphasizing a transition to a subscription model and strong pipeline development.

Evolv Technologies reports robust Q3 results, eyes growth opportunities

Evolv Technologies exhibited strong financial performance and customer growth in Q3, with a positive outlook for revenue and EBITDA.
Despite challenges with distributors and marketing inquiries, the company remains confident in its technology and customer relationships.
The focus on innovation, customer service, and global safety positions Evolv well for continued growth and market leadership.

Evolv Technologies posts record Q4 results, eyes growth opportunities

Evolv Technologies demonstrated robust financial performance in Q4 2023, with strong revenue growth, customer acquisitions, and innovative product introductions.
While facing challenges in achieving EBITDA positivity and managing regulatory inquiries, the company is strategically positioned to leverage growth opportunities in market expansion and security enhancement.
By focusing on partnerships, distribution, and product innovation, Evolv aims to tap into new verticals, drive revenue growth, and achieve positive EBITDA without additional capital.
Overall, Evolv Technologies' Q4 results and strategic outlook indicate a promising trajectory towards sustainable growth and market leadership in security solutions.

Evolv Technologies posts strong Q1 results, eyes $100M ARR by 2024

Evolv Technologies delivered robust financial results in Q1 2024, showcasing growth in revenue, ARR, and customer base. Despite challenges in the sales cycle, the company's strategic initiatives and market position present promising opportunities for future expansion and innovation.

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, announced it is now used in nine schools in California's Madera Unified School District. The district, northwest of Fresno, purchased Evolv's state-of-the-art Evolv Express® screening solution through integration partner ICU Technologies, a leader in K-12 security buying. Madera Unified School District began the 2023-2024 school year with 17 total Express systems across.

Implementation In California's Madera Unified School District Symbolic of Evolv Technology's Expanding West Coast Footprint, Innovative Purchasing Process

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New product offering combines leading AI technologies for concealed weapon and brandished gun detection LEESBURG, Va. , Sept. 7, 2023 /PRNewswire/ -- Omnilert , a leader in active shooter solutions, today announced that it has partnered with  Evolv Technology to have its AI visual gun detection software integrated into the newly announced Evolv Extend™ to detect brandished guns.

Evolv Integrates Omnilert's AI Gun Detection Technology into Evolv Extend to Help Keep Customers Safe from Active Shooters

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is proud to unveil the latest innovation in its product portfolio, Evolv Extend™, designed to identify non-concealed (or brandished) guns approaching a venue and expand detection beyond the door. With a focus on delivering critical, timely information to “First Reactors” (those near or operating an Evolv Express® system, which detects concealed weapons), Evolv aims to h.

Evolv Technology Announces New Product, Evolv Extend, for Detection of Brandished Guns Approaching Venue Entrances

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is delighted to unveil the latest software update to its Evolv Express® system, including enhancements to the detection algorithm and a refreshed tablet user interface. These improvements enhance operational efficiency for security professionals and system operators. Evolv customers have access to ongoing improvements several times a year through their subscription. Evo.

Evolv Announces Express 7.0, With Latest Version of AI-based Detection Algorithm and Updated Tablet Software

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, has expanded its partnership with South Carolina's Florence 1 Schools. In 2019, the largest school district in Florence County, Florence 1, became the second school district in the country to implement Evolv's technology. It has since expanded its use to 23 Evolv Express® systems across eight schools. Evolv Express® uses powerful sensor technology with artificial intell.

Florence 1 Schools Expands Partnership With Evolv Technology, Doubles Down On Commitment to School Safety

Evolv's annual recurring revenue and total revenue more than doubled in its last quarter. The company now expects a much stronger 2023 than it previously guided.

Why AI Stock Evolv Jumped 32% on Friday

Evolv Technologies Holdings, Inc. (EVLV) came out with a quarterly loss of $0.10 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.12 per share a year ago.

Evolv Technologies Holdings, Inc. (EVLV) Reports Q2 Loss, Tops Revenue Estimates

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q2 2023 Earnings Conference Call August 10, 2023 4:30 PM ET Company Participants Brian Norris - Senior Vice President-Finance & Investor Relations Peter George - President & Chief Executive Officer Mark Donohue - Chief Financial Officer Conference Call Participants Hugh Cunningham - TD Cowen Mike Latimore - Northland Capital Markets Chad Bennett - Craig Hallum Brett Knoblauch - Cantor Fitzgerald Operator Ladies and gentlemen, thank you for standing by and welcome to the Evolv Technologies Second Quarter Earnings Call. At this time, all participants are in listen-only mode.

Evolv Technologies Holdings, Inc. (EVLV) Q2 2023 Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced financial results for the quarter ended June 30, 2023 and raised its business outlook for 2023. Results for the Second Quarter of 2023 Total revenue for the second quarter of 2023 was $19.8 million, an increase of 119% compared to $9.1 million for the second quarter of 2022. Annual Recurring Revenue (“ARR”)1 was $54.3 million at the end of second quarter.

Evolv Technology Reports Record Second Quarter Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV) has partnered with Rio Rancho Public Schools (RRPS) in New Mexico to bring an added layer of security to the district beginning this school year. Students, faculty and visitors at V. Sue Cleveland High School started experiencing Evolv Express®, an AI-based weapons detection security screening system, when the academic year commenced on August 3. The district plans to add 20-plus Express systems to its schools over the next few ye.

Albuquerque, New Mexico-Area Rio Rancho Public Schools Demonstrates Commitment to Safety With Evolv Technology Implementation

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV) has partnered with Appoquinimink School District in southern New Castle County, Delaware, to bring its AI-based weapons detection security screening to the district's three high schools. Evolv Express® will be deployed beginning in August at each high school's stadium and will be used to screen fans attending football games. Appoquinimink shared that it was their commitment to safety and security that led to its decision to work w.

Delaware's Appoquinimink Schools To Begin New Academic Year With Evolv Technology At High School Stadiums

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with North Carolina's Nash County Public Schools (NCPS). Starting today, NCPS is installing Evolv's state-of-the-art Express® weapons detection systems at all high and middle schools to strengthen its security measures as students head back to class. Amidst increasing concerns over school safety and recent incidents of violence disrupting.

Nash County Public Schools Introduces a New Layer in Safety with Evolv Express

WALTHAM, Mass--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that members of the Company's management team will ring the Nasdaq closing bell on Tuesday, August 1, 2023. “We are honored to ring the closing bell on Nasdaq on August 1st as we celebrate the 10 year anniversary of the founding of Evolv Technology,” said Peter George, President and Chief Executive Officer of Evolv Technology. “Our mission is to make the.

Evolv Technology to Ring Nasdaq Closing Bell on August 1, 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with Aultman Hospital in Ohio. The hospital will use Evolv's state-of-the-art Evolv Express® screening solution at two high-traffic areas in the building. Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. Aultman Hospital, loc.

Aultman Hospital Adds Layer of Safety with Evolv Technology

Evolv Technologies Holdings, Inc. (EVLV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Evolv Technologies Holdings, Inc. (EVLV) Surges 12.4%: Is This an Indication of Further Gains?

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it will release financial results for the second quarter of 2023 on Thursday, August 10, 2023, after the market closes. Members of the Company's management team plan to host a live conference call and webcast at 4:30 p.m. Eastern Time on that day to discuss the financial results as well as management's outlook for the business. The conference call m.

Evolv Technology to Release Second Quarter Financial Results on August 10, 2023

Evolv Technologies Holdings specializes in AI-based weapons detection security screening systems. Evolv Technologies Holdings has seen rapid growth in recent years, with revenues growing over 100% CAGR over the past three years, and Q1 revenue of $18.6 million, up 113% YOY. The company has seen growing adoption in several sectors including education, industrial workplaces, professional sports, and healthcare institutions.

Evolv Technologies: Evolving Growth In An Increasingly Dangerous World

WALTHAM, Mass.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: EVOLV COLLABORATES WITH TEMPLE HEALTH FOR WEAPONS DETECTION SCREENING AI-Powered Solution Used at Philadelphia's Temple University Hospital Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its collaboration with Temple Health. Temple is using Evolv's state-of-the-art Evolv Express® scre.

CORRECTING and REPLACING Evolv Collaborates with Temple Health for Weapons Detection Screening

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with Temple University Health. Temple is using Evolv's state-of-the-art Evolv Express® screening solution at the entrances to Temple University Hospital in Philadelphia. Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection as people walk through security at the pa.

Evolv Partners with Temple Health for Weapons Detection Screening

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the release of Evolv Express® 6.0, an upgrade to the system used by top theme parks, stadiums, arenas, schools, hospitals, warehouses and performing arts venues to help make places safer. Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide an intelligent, respectful, and unbiased screening solution that offers more.

Evolv Technology Releases Newest Enhancement to AI-Based Weapons Detection

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