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, 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.

Evolv Technology to Release First Quarter Financial Results on May 10, 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in Artificial Intelligence (AI)-based weapons detection security screening, today announced it has been named the Official Fan Screening Provider of Acrisure Stadium, home of the NFL's Pittsburgh Steelers. Evolv's state-of-the-art Evolv Express® screening solution is located at Acrisure Stadium's busiest gates, screening the vast majority of fans as they enter the venue.

Evolv Partners With Acrisure Stadium For Seamless Stadium Security

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with Manassas City Public Schools in Virginia. The school district will use Evolv's state-of-the-art Evolv Express® security solution at its high school, screening over 2,300 students daily as part of a layered approach to school safety.

Evolv's AI-Powered Technology Helps Secure Manassas City Public Schools' High School

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with the Minnesota Twins. In addition to serving as the Twins' Official Fan Screening Technology, Evolv will be a co-presenting sponsor of the Twins Military Discount Ticket Program which offers discounted tickets to active military and veterans.

Twins Name Evolv As Official Fan Screening Technology

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is now partnering with venues in 45 U.S. states as well as Puerto Rico, as security professionals from sports stadiums and theme parks to schools and hospitals integrate advanced weapons screening technology into their layers of safety planning.

Evolv Technology Recognizes Milestone Year in Company's History

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI based-weapons detection security screening, announced today its partnership with St. Louis CITY SC for the club's inaugural season in Major League Soccer. St. Louis CITY SC has deployed Evolv's state-of-the-art Evolv Express® screening solution at the entrances to its brand-new, 22,500-seat, next-generation stadium, CITYPARK.

St. Louis CITY SC Kicks Off With Evolv As Fan Screening Solution

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with the Boston Red Sox and Fenway Park. “America's Most Beloved Ballpark” will feature Evolv's state-of-the-art Evolv Express® screening solution beginning on Opening Day, March 30, when the Red Sox host the Baltimore Orioles.

Evolv Partners With Boston Red Sox To Create A Fan-Friendlier Fenway

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

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