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), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the launch of two new product offerings to be displayed at the upcoming Global Security Exchange (GSX) conference, September 23-25 in Orlando, Florida. The new products include Evolv eXpedite™, an autonomous AI-based weapons detection system for bags, and Evolv Eva™, a personal safety app. These new offerings,.

Evolv Technology Unveils High-Speed Weapons Detection System for Bags and Personal Safety App

Evolv Technologies (EVLV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Evolv Technologies (EVLV) Upgraded to Strong Buy: What Does It Mean for the Stock?

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Considering SaaS EV/Sales multiples for scaling technology business, Evolv upside could be more than 150% in 3 years. Although any downgrade or slowdown by management would derail the upside. The FTC / SEC investigation could lead to fines but ultimately bare little impact on the long-term fundamentals of the business. Conclusions to the probes could be violent catalysts. Evolv's Express system continues to grow rapidly with 5,000+ units sold and 83 new customers in Q2.

Evolv: FTC/SEC Investigation Could Provide An Attractive Entry Point

Evolv has reinvented the metal detector with AI, scanning non-metallic weapons and reducing false alarms. The company serves various verticals, with 70% of sales through channel partners like Motorola, driving growth and customer acquisition. Shift to distribution model boosts recurring revenue, gross margins, and outlook, with positive EBITDA expected in Q2/25.

Evolv Technologies: Solid Progress Should Allay Concerns

Evolv aims to replace metal detectors with AI-powered screening systems. But it missed the ambitious growth targets it set before its public debut.

Could Evolv Technologies Become the Next SoundHound AI?

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening designed to create safer experiences, was honored to serve as a security screening provider for one of the world's largest global sporting competitions that took place in Europe this summer alongside a multitude of other significant events. Evolv Express® systems were used as a layer of security to screen over five million people, including 10,000 competing athle.

Evolv Technology Helps to Protect European Events This Summer

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, was awarded a patent issued by the United States Patent and Trademark Office (USPTO) that covers the differentiating technology used in its flagship product, Evolv Express®. Integrated as a concealed weapons detection layer in a venue's overall safety plan, the Evolv Express weapons detection system, is deployed in over a thousand sta.

Evolv Technology Weapons Detection Patent Underscores Culture of Innovation

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Brian Norris - SVP, Finance Peter George - President and CEO Mark Donohue - CFO Conference Call Participants Aditya Dagaonkar - Northland Capital Brett Knoblauch - Cantor Fitzgerald Jeremy Hamblin - Craig-Hallum Hugh Cunningham - TD Cowen Eric Martinuzzi - Lake Street Brian Norris [abrupt start] joined here today by Peter George, our President and Chief Executive Officer; and Mark Donohue, our Chief Financial Officer. This afternoon, after the market closed, we issued a press release announcing our second quarter 2024 results and as well as our business outlook for the remainder of the year.

Evolv Technologies Holdings, Inc. (EVLV) Q2 2024 Earnings Call Transcript

Evolv Technologies Holdings, Inc. (EVLV) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.10 per share a year ago.

Evolv Technologies Holdings, Inc. (EVLV) Q2 Earnings and Revenues Surpass Estimates

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening designed to help create safer experiences, today announced financial results for the quarter ended June 30, 2024. Results for the Second Quarter of 2024 Total revenue for the second quarter of 2024 was $25.5 million, an increase of 29% compared to $19.8 million for the second quarter of 2023. Annual Recurring Revenue (“ARR”)1 was $88.9 million at the end of secon.

Evolv Technology Reports Second Quarter Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--The Portland Trail Blazers and Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening designed to help create safer experiences, today announced a new partnership to bring Evolv Technology to Moda Center. Moda Center has installed five Evolv Express® systems ahead of the building's busiest stretch of the year. The new technology provides an efficient screening process, that can help allow fans to spend less time in l.

Moda Center Adds Evolv Technology Ahead of Busy Concert Stretch and NBA Season

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with 360 CHICAGO, the observation deck and immersive experience on the 94th floor of 875 N Michigan Avenue, formerly the John Hancock Center in Chicago, Illinois. 360 CHICAGO uses an Evolv Express® system to screen guests before they take the elevator up to the experience, which includes the TILT thrill.

Evolv Technology Elevates 360 CHICAGO Experience

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening to help create safer experiences, has announced its latest software update aimed at helping security teams strengthen safety measures and drive operational efficiency. Evolv offers an integrated suite of solutions, analytics and communication tools designed to help security professionals deter, detect, and orchestrate incident responses. The update introduces new.

Evolv Technology's Latest Software Update Designed to Simplify Security Management and Reporting

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, today announced the evolution of its relationship with Major League Soccer's Charlotte Football Club. The team is now using Evolv Express® systems for threat detection at its training facility, Atrium Health Performance Park. Evolv Express is installed at Bank of America Stadium, which is owned and operated by Tepper Sports & Ente.

Charlotte Football Club Brings Evolv Express to Training Facility

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, announced that the Company will release financial results for the second quarter of 2024 on Thursday, August 8, 2024, 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 f.

Evolv Technology to Release Second Quarter Financial Results on August 8, 2024

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WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Express® has been selected as the platinum winner of the 2024 Secure Campus Award for screening equipment by Campus Security Today, an industry-leading print and digital publication focused on safety and security on school, college, security and healthcare campuses. Evolv Technology (NASDAQ: EVLV) is a leader in AI-based weapons detection security screening and has partnered with over 750 customers worldwide to provide an added layer of safety with its adv.

Evolv Express® Awarded 2024 Secure Campus Award

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with T-Mobile Arena and MGM Grand Garden Arena in Las Vegas. The two arenas are the destination's leaders, hosting some of the most popular sports and entertainment events annually. Evolv was installed in both arenas in January, with five Evolv Express® systems located at each venue. Evolv Express use.

Evolv Technology Partners with T-Mobile Arena and MGM Grand Garden Arena

LOS ANGELES , May 23, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. ("Evolv" or "the Company") (NASDAQ:EVLV) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between June 28, 2021 and March 13, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before May 24, 2024.

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Evolv Technologies Holdings, Inc. with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming May 24, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. (“Evolv” or the “Company”) (NASDAQ: EVLV) securities between June 28, 2021 and March 13, 2024, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On November 2, 2022,.

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