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.

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q2 2024

Earnings data Q3 2024

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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Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q4 2022 Earnings Conference Call March 1, 2023 4:30 PM ET Company Participants Brian Norris - VP, Finance and IR Peter George - CEO Mark Donohue - CFO Conference Call Participants Mike Latimore - Northland Capital Brett Knoblauch - Cantor Fitzgerald Brian Ruttenbur - Imperial Capital Operator -- to the Evolv Technologies Fourth Quarter Earnings Results Conference Call. At this time, all participants are in listen-only mode.

Evolv Technologies Holdings, Inc. (EVLV) Q4 2022 Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI based-weapons detection security screening, today announced its partnership with the Lyric Opera of Chicago, one of the world's greatest opera companies. Known for delivering thought-provoking and relevant programming to the Chicago community, Lyric Opera has now added the state-of-the-art Evolv Express® screening solution to help keep patrons safe in a positive, noninvasive, and welcoming manner.

Lyric Opera of Chicago Welcomes Guests with Innovative, Welcoming Security Screening

LOS ANGELES, CA / ACCESSWIRE / February 21, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Evolv Technologies Holdings, Inc. ("Evolv" or "the Company") (NASDAQ:EVLV) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - February 17, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Evolv Technologies Holdings, Inc. ("Evolv" or "the Company") (NASDAQ: EVLV) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - February 15, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Evolv Technologies Holdings, Inc. ("Evolv" or "the Company") (NASDAQ: EVLV) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - February 13, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Evolv Technologies Holdings, Inc. ("Evolv" or "the Company") (NASDAQ: EVLV) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / February 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Evolv Technologies Holdings, Inc. ("Evolv" or "the Company") (NASDAQ:EVLV) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $EVLV #EVLV--The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Evolv Technologies Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it has partnered with venue management goliath ASM Global to enhance safety and security for patrons and staff at VyStar Veterans Memorial Arena in Jacksonville, Florida.

Evolv Technology Named Official Fan Screening Provider for VyStar Veterans Memorial Arena

NEW YORK--(BUSINESS WIRE)--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV). Investors who purchased Evolv securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/evlv. The investigation concerns whether Evolv has violated federal securities laws.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Evolv Technologies Holdings, Inc. (EVLV) Investigation

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV, “Evolv”), the global leader in AI-based weapons detection security screening, today announced impressive initial results from its partnership with Niagara Falls City School District in Niagara, New York, including faster, less invasive entry into its schools and a smoother, more welcoming experience for over 6,000 students in the district.

Niagara Falls City School District Prioritizes Learning Through Up Leveling Security for More Than 6,000 Students, Faculty and Staff with Evolv Technology

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology ® (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with James Island Charter High School (JICHS) in Charleston, South Carolina. The school joins over two dozen other school buildings in the state and hundreds around the county utilizing Evolv's advanced security systems to help make campuses safer while supporting a connected, engaged, and welcoming school community.

Evolv Technology® Works with James Island Charter High School to Help Make Safer Classrooms and Athletic Facilities

WALTHAM, Mass.--( BUSINESS WIRE )--Built In announced that Evolv Technology (NASDAQ: EVLV) has been honored in its 2023 Best Places To Work Awards. Specifically, Evolv, the leader in AI-based weapons detection security screening, earned a spot on the Best Midsize Places to Work in Boston list. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S.

Evolv Technology® Named A 2023 Best Place to Work By Built In

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with Atlanta Public Schools (APS). The school district began using Evolv's state-of-the-art Evolv Express® security screening solution in its 15 middle and 21 high schools at the end of 2022. The school system has an active enrollment of over 50,000 students, attending nearly 100 school sites.

Atlanta Public Schools to Use Evolv Technology's Cutting-Edge Weapons Detection Systems

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with Nashville, Tennessee's iconic Bridgestone Arena. Evolv's state-of-the-art Evolv Express® screening solution is being used to help keep sports and entertainment fans of all kinds safer while improving their experience at the venue, which is one of the busiest in the U.S.

Evolv Technology® Named Official Fan Screening Provider of Bridgestone Arena

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 fourth quarter of 2022 on Wednesday, March 1, 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 may be accessed in the United States by dialing +1.877.692.8955 and using access code 3784749. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using the same access code. The conference call will be simultaneously webcast on the Company's investor relations website, which can be accessed at http://ir.evolvtechnology.com. A replay of the conference call will be available for a period of 30 days by dialing +1.866.207.1041 or +1.402.970.0847 and using access code 9681780 or by accessing the webcast replay on the Company's investor relations website at http://ir.evolvtechnology.com.

Evolv Technology to Release Fourth Quarter Financial Results on March 1, 2023

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it has closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank, the bank of the world's most innovative companies and investors.

Evolv Technology Announces $75 Million in Non-Dilutive Debt Financing with Silicon Valley Bank

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that Peter George, the Company's President and Chief Executive Officer and Mark Donohue, the Company's Chief Financial Officer, are scheduled to present at the Imperial Capital 2022 Security Investor Conference on Wednesday, December 15, 2022 in New York, New York. The Company will webcast the presentation live at approximately 10:00 a.m. Eastern Time. All interested parties can access the webcast live on the Company's investor relations website at https://ir.evolvtechnology.com.

Evolv Technology to Present at Imperial Capital 2022 Security Investor Conference

More and more public places want to promise a "gun-free zone." Evolv's A.I. platform is a next-gen metal detector that makes the process super-fast.

My #1 Security Stock - Evolv Technologies

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the successful work it has done in partnership with Nebraska's Winnebago Public Schools. Winnebago uses Evolv's state-of-the-art Evolv Express® system to help create safer spaces for its elementary through high school students.

Winnebago Public Schools Finds Its Security Solution in Evolv Technology

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the launch of the next evolution of its advanced AI-based software platform and capabilities with Evolv Express® 3.0/5.0. This is an important advancement in security screening as it now provides security professionals with the ability to implement open integration across most security technologies that venues use to mitigate threats.

Evolv Technology Launches Evolv Express® 3.0/5.0, Offering Industry-First Integration Capabilities with Open API and Advanced Digital Platform

WALTHAM, Mass.--( BUSINESS WIRE )--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that its Evolv Express® systems have stopped over 100,000 weapons from entering venues since the beginning of the year as part of its mission to help create spaces where people can gather safely. This number excludes law enforcement and represents approximately a third of the company's customers who are currently tagging the threats by utilizing Evolv's analytics platform, Evolv Insights®, a revolutionary tool for security professionals.

Evolv Technology Stops Over 100,000 Weapons From Entering Venues Since January 2022

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q3 2022 Results Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Brian Norris - Vice President of Finance and Investor Relations Peter George - Chief Executive Officer Mark Donohue - Chief Financial Officer Conference Call Participants Michael Latimore - Northland Capital Markets Alexander Schwartz - Stifel Operator Hello and welcome to the Evolv Technologies Third Quarter Earnings Results Conference Call. At this time, all participants are in listen-only mode.

Evolv Technologies Holdings, Inc. (EVLV) Q3 2022 Results - Earnings Call Transcript

Evolv Technologies Holdings, Inc. (EVLV) delivered earnings and revenue surprises of -44.44% and 123.38%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Evolv Technologies Holdings Stock (EVLV)