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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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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WALTHAM, Mass. & EXTON, Pa.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, has announced a partnership with Ricoh USA, Inc., one of the largest global service delivery organizations, to expand Evolv's customer service program. The partnership comes in support of recent company growth as Evolv continues to partner with venues throughout North America to help create safer places for people to live, work, learn, and play. With an inc.

Evolv Technology Partners With Ricoh to Provide Comprehensive Service Delivery Throughout North America

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 Cowen Technology Conference on Thursday, June 1, 2023 in New York, New York. The Company will webcast the presentation live at approximately 11:25 a.m. Eastern Time. All interested parties can acce.

Evolv Technology to Present at Cowen 51st Annual Technology Conference

Does Evolv Technologies Holdings, Inc. (EVLV) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Evolv Technologies Holdings, Inc. (EVLV) is a Great Choice

WALTHAM, Massachusetts--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is pleased to host Evolv Technology Analyst Day 2023 today, Thursday, May 25, 2023 from 9:00 a.m. to 2:00 p.m. Eastern Time. Members of the Company's management team will provide an overview of the Company's vision, strategy, growth initiatives, business trends, products and technology as well as its financial goals. Evolv Technology Analyst Day 2023 will be sim.

Evolv Technology to Host Analyst Day on May 25, 2023

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WALTHAM & WESTBOROUGH, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, and Columbia Tech, a wholly-owned subsidiary of Coghlin Companies Inc. and provider of world-class capital equipment engineering and manufacturing services, today announced that Columbia Tech has become an authorized distributor of Evolv Express. Under the terms of the expanded partnership, Evolv Technology customers that prefer to purchase the hardware co.

Evolv Technology and Columbia Tech Announce Expanded Partnership

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Brian Norris - Vice President, Finance & Investor Relations Peter George - President & Chief Executive Officer Mark Donohue - Chief Financial Officer Conference Call Participants Chad Bennett - Craig-Hallum Hugh Cunningham - TD Cowen & Company Brett Knoblauch - Cantor Fitzgerald Rob Galvin - Stifel Operator Ladies and gentlemen, thank you for standing by and welcome to the Evolv Technologies First Quarter Earnings Call. At this time, all parties are in listen-only mode.

Evolv Technologies Holdings, Inc. (EVLV) Q1 2023 Earnings Call Transcript

Evolv Technologies Holdings, Inc. (EVLV) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.13 per share a year ago.

Evolv Technologies Holdings, Inc. (EVLV) Reports Q1 Loss, Tops Revenue Estimates

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 March 31, 2023 and raised its business outlook for 2023. Results for the First Quarter of 2023 Total revenue for the first quarter of 2023 was $18.6 million, an increase of 113% compared to $8.7 million for the first quarter of 2022. Annual Recurring Revenue (“ARR”)1 was $42.0 million at the end of first quarter of.

Evolv Technology Reports Record First Quarter Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with New Mexico's Clovis Municipal Schools. The school system will use Evolv's state-of-the-art Evolv Express® screening solution at its schools. Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. Clovis Schools will use Evolv.

Clovis Municipal Schools Use Evolv For Threat Detection

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, hosted a panel discussion last month at the 2023 National Action Network Conference (NAN) in New York City. NAN is one of the leading civil rights organizations in the Nation with chapters throughout the United States. This year's conference attracted thousands of public safety leaders from around the country to discuss the state of civil rights during this vital time i.

Evolv Technology Brings Public Safety Leaders Together To Talk Tech

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is pleased to announce the addition of Parag Vaish to the company's executive team as chief digital product officer. Vaish brings an extensive background in technology, having led product innovation for Tesla, Microsoft, Google, Walt Disney Company and StubHub. In his role, Vaish will report directly to Evolv Technology CEO Peter George to further drive Evolv's leadersh.

Former Tesla Product Leader Parag Vaish Tapped to Drive Digital Transformation at Evolv Technology

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI- based weapons detection security screening, today announced its partnership with Major League Soccer's Colorado Rapids. The Rapids will feature Evolv's state-of-the-art Evolv Express® screening solution at the entrances to DICK'S Sporting Goods Park, the team's home in Commerce City, Colorado, allowing for a faster, safer and better security experience at Rapids games this season. “The fans are such an important.

Colorado Rapids Partner With Evolv for Fan Screening In 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that its screening solution will be used at all Citi Field entrances beginning in the 2023 season. Citi Field has already featured Evolv's state-of-the-art Evolv Express® screening solution at its busiest gates since 2021.

All Fans At Citi Field Will Experience Evolv in 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI- based weapons detection security screening, today announced its partnership with Purple Innovation, a mattress company with factories in Georgia and Utah. Purple is using Evolv's state-of-the-art Evolv Express® screening solution at its factory in Georgia, with plans to bring the technology to its facilities in Utah soon.

Purple Innovation Chooses Evolv for Warehouse Security

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with the Wells Fargo Center in Philadelphia. The Wells Fargo Center will feature Evolv's state-of-the-art Evolv Express® screening solution for Flyers games as well as concerts and other touring events at the arena, allowing fans and to pass through security in a faster, easier and more welcoming manner.

Wells Fargo Center Partners With Evolv For Fan Security Solution

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the findings of a study – Guns Violence in America: The Impact on Educators – it commissioned with market research firm Equation Research. The inaugural report reveals that gun violence is taking a significant toll on educators, with 9 out of 10 believing their chances of encountering an active shooter at work has increased over the past 12 months.

New Research: 4 out of 10 Educators Are Considering Quitting. The Reason?

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 first quarter of 2023 on Wednesday, May 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.

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