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, “Evolv”), the leader in weapons detection security screening, today announced results from its partnership with Mercedes-Benz Stadium in Atlanta to provide a more enjoyable, frictionless, and safe experience for fans. The stadium uses the company's artificial intelligence (AI)-based system, Evolv Express®, to screen fans as they arrive at the stadium for games and other events, without requiring them to stop or remove items from t

Evolv Technology Helps Mercedes-Benz Stadium Fans Stay Safe

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV, “Evolv”), the global leader in weapons detection security screening, received the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category for Evolv Express®, its artificial intelligence (AI) based weapons detection system. The announcement was made yesterday at the International Security Conference & Exposition (ISC) West, the largest security in

Evolv Express® Receives Top Honor In Security Industry Association Awards

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV, “Evolv”), the global leader in weapons detection security screening, today announced the results of a rigorous exercise of its Evolv Express® artificial intelligence (AI) based weapons detection system conducted by the National Center for Spectator Sports Safety and Security (NCS4). Criteria and focus areas for this exercise were developed in cooperation with the NCS4. Marketed capabilities, industry best practices, and security s

Evolv Technology Announces Release of the National Center for Spectator Sports Safety and Security Operational Exercise Report

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced Fayette County Schools in Fayetteville, West Virginia is the first recipient of the GiveEvolv grant program. Fayette County Schools will receive three Evolv Express® weapons screening systems that will be installed at Oak Hill High School, Oak Hill Middle School, and Fayetteville PK-8. “Throughout all Fayette County Schools, we are committed to fostering a learni

GiveEvolv Selects Fayette County Schools as Inaugural Grant Recipient of Evolv Weapons Screening Systems

Earnings left investors with a lot of questions about the security company's future.

Why Evolv Technology Stock Plunged 45.8% on Tuesday

Analysts lowered their price target on Evolv Technologies Holdings Inc (NASDAQ: EVLV) following the release of Q4 results. Stifel downgraded the rating on Evolv to Hold from Buy and reduced the price target to $2 (an upside of 23%) from $10.

Why Are Evolv Technologies' Shares Plunging Today

WALTHAM, Mass.--(BUSINESS WIRE)--As gun violence continues to rise, with more school shootings in 2021 than any other year in U.S. history, schools across the country are relying on Evolv Technology (NASDAQ: EVLV) and its Evolv Express® security screening solution to proactively defuse the threat of active shooters. As the leader in weapons detection security screening, Evolv has expanded the use of Evolv Express, its sensor- and artificial intelligence-based screening solution, in the Spartanb

Spartanburg's School Safety Strategy Strengthened by Evolv Technology; Seamlessly Helps Protect Over 12,000 Students and Staff from Risk of Shootings

Evolv Technologies Holdings, Inc. (EVLV) CEO Peter George on Q4 2021 Results - Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV), the global leader in AI-based weapons detection security screening, today announced financial results for its fourth quarter and year ended December 31, 20212 and issued its business outlook for 2022. “We're pleased to be reporting strong fourth quarter results highlighted by a record number of new customers across our key vertical markets, the launch of several demand-driven offerings, and continuing momentum with our channel-ce

Evolv Technology Reports Strong Fourth Quarter and Full Year Financial Results

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced enhancements to Evolv Express®. With today's announcement, Evolv Express is now the first system to integrate weapons screening and detection data collected at venue entrances with Milestone Video Management System (VMS) and Titan HST mass notification system, which further extends Evolv Express' screening intelligence to complementary security technologies, simp

Evolv Launches Industry's First Video & Mass Notification-Integrated Security Screening System

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV #DemandEvolv--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced a partnership with the Marcus Performing Arts Center in Milwaukee, WI. With Evolv's state-of-the-art Evolv Express® screening solution, visitors can now walk right into the venue without any unwelcome delays at the entrance. The Marcus Performance Arts Center (Marcus Center) is a gathering place for the community. The largest Marcus Center venue, Uihlein Hall, pr

Marcus Performing Arts Center Ushers in the 2022 Season with Evolv

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV #DemandEvolv--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced its newest customer, the historic Gillioz Theatre. At first glance, guests of the Gillioz Theatre may not be aware of Evolv Technology's award-winning Evolv Express® systems, but they will notice the ease of entering the venue and the elimination of long lines, security wands, and bag checks. Evolv Express, a security-as-a-service offering, provides the Gillioz T

Evolv Technology Delivers Outstanding Security for Outstanding Performances at Gillioz Center for Arts and Entertainment

WALTHAM, Mass.--(BUSINESS WIRE)--Built In today announced that Evolv Technology (NASDAQ: EVLV) was honored with three of its 2022 Best Places To Work Awards. In addition to being recognized as one of Built In's Best Places to Work, Evolv was named one of the Best Midsize Companies to Work For, and one of the Best Paying Companies. Built In's annual awards program includes companies of all sizes, from startups to enterprise corporations, and honors companies in the eight largest tech markets in

Built In Recognizes Evolv for Three 2022 ‘Best Places to Work' Awards

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced that it will release financial results for the fourth quarter of 2021 on Monday, March 14, 2022, 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 access

Evolv Technology to Release Fourth Quarter Financial Results on March 14, 2022

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced that its award-winning Evolv Express® systems were used to enhance safety at the world premiere of the highly anticipated prequel to Yellowstone – 1883. Evolv's system allowed cast and guests to seamlessly enter the venue without stopping or emptying their pockets (unless directed by security staff). Evolv is transforming the physical security industry with Evolv

Evolv Technology Utilized at World Premiere of 1883 at Wynn Las Vegas

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced that Peter George, the Company's President and Chief Executive Officer is scheduled to present at the Imperial Capital Investor Conference on Wednesday, December 15, 2021 in New York. The Company will webcast the presentation live at approximately 9:00 a.m. Eastern Time. All interested parties can access the webcast live on the Company's investor relations websit

Evolv Technology to Present at Imperial Capital Investor Conference

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--As the Little River Casino Resort reopens at full capacity, the Manistee, Michigan-based property is partnering with Evolv Technology (NASDAQ: EVLV). Evolv, the leader in weapons detection for security screening, will provide for the safety of guests and support the casino's mission to improve the overall customer experience. Little River Casino Resort selected the award-winning Evolv Express® screening solution to boost safety and streamline the flow of foot tr

Evolv Technology Proves a Safe Bet for Little River Casino Resort

Quarterly results are looking strong for this security company.

Why Evolv Technology Stock Jumped 17.9% on Thursday

Evolv Technologies Holdings' (EVLV) CEO Peter George on Q3 2021 Results - Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV), the global leader in weapons detection security screening, today announced financial results for its third quarter ended September 30, 2021 and raised its business outlook for 2021. “We are pleased to be reporting strong third quarter results highlighted by record revenues, accelerating channel activity and category defining new product innovations,” said Peter George, Chief Executive Officer of Evolv Technology. “We continued to

Evolv Technology Reports Strong Third Quarter Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced a partnership with Butler University. The NCAA Division I school has chosen Evolv's state-of-the-art Evolv Express® screening solution to secure the entrance to Clowes Memorial Hall, the anchor of the Butler Arts & Events Center and improve the experience for patrons attending events. With 2,148 seats and a history of presenting artists dating back to 1963, C

Butler University Partners with Evolv Technology to Improve the Arts Experience from Entry to Ovation

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the global leader in weapons detection security screening, today announced the appointment of Mario Ramos to the position of Chief Financial Officer effective November 1, 2021. Mr. Ramos will assume global responsibility for the Company's accounting, finance, risk compliance, information technology and investor relations functions. Mr. Ramos joins Evolv Technology from Edelman Financial Engines where he served as Executive Vice P

Evolv Technology Appoints Mario Ramos as Chief Financial Officer

WALTHAM, Mass.--(BUSINESS WIRE)--Georgia Aquarium has partnered with Evolv Technology (NASDAQ: EVLV), a leader in weapons detection screening, to improve weapons detection and the overall guest experience by using Evolv Express®, Evolv's award-winning screening solution, at the largest aquarium in the United States. As a result of the partnership, the Aquarium has seen a 15% increase in guest experience scores, while shrinking the security system lobby footprint by 50% and reallocating half of

Georgia Aquarium Improves Security and Transforms Guest Experience with Evolv Technology

WALTHAM, Mass.--(BUSINESS WIRE)--Pittsburgh Cultural Trust has partnered with Evolv Technology (NASDAQ:EVLV), the leader in weapons detection security screening, to improve weapons detection and the overall guest experience, by using Evolv Express®, Evolv's award-winning screening solution, across multiple theaters, performance halls, galleries, and other venues in Pittsburgh, Pennsylvania's historic 14-block entertainment district – locally known as the Cultural District. After nearly 18 month

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