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 leader in weapons detection security screening, today announced a partnership with the AO Arena in Manchester, England. The implementation of Evolv's state-of-the-art technology by AO Arena, which is managed by ASM Global, will enhance venue safety and security, as well as improve the customer experience by reducing lines and offering a seamless and swift arrival to the venue. AO Arena will now join other major stadiums and are

Evolv Technology Helps AO Arena Guests Stay Safe

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leader in weapons detection security screening, today announced Gillette Stadium is creating better fan experiences through the use of its Evolv Express® Systems. Evolv Express combines powerful sensor technology with proven artificial intelligence (AI) and analytics to help ensure safer public venues and more accurate threat detection while getting visitors to their seats in a faster and better manner. As thousands of fans flo

Gillette Stadium Scores AI Weapons Detection Systems From Evolv Technology

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV), a global leader in weapons detection security screening, today announced that it will release financial results for the second quarter of 2022 on Wednesday, August 10, 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

Evolv Technology to Release Second Quarter Financial Results on August 10, 2022

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced its newest partnership, with Distrito T-Mobile. The entertainment complex is Evolv's first customer in Puerto Rico, and reflects the company's growing presence outside of the continental United States. Distrito T-Mobile, which opened in August 2021 and is located in the Miramar section of San Juan, drew more than 1.7 million visitors in its first six months of op

Entertainment And Retail Destination Distrito T-Mobile Keeps Visitors Safe With Evolv Technology

WALTHAM, Mass.--(BUSINESS WIRE)--When students returned to the classroom following months of remote learning due to the pandemic, schools went back to making decisions about the best ways to keep students safe. For the Champaign Unit 4 School District in central Illinois, the solution has been the leader in weapons detection security screening, Evolv Technology (NASDAQ: EVLV). Champaign is using Evolv Express® at its Central and Centennial high schools, with impressive early results. The Champa

Evolv Technology Helps Makes School Safer in Central Illinois

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a global leader in weapons detection security screening, today announced that it is set to join the Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the stock market opens on June 27, 2022, according to a preliminary list of additions posted June 3, 2022. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, 2022, ranking them by total marke

Evolv Technology Set to Join Russell 3000® Index

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the global leader in weapons detection security screening, today announced that the Denver Performing Arts Complex has replaced its walk-through and hand-held metal detectors with Evolv Express® systems, Evolv Cortex AI™ and Evolv Insights®. This has resulted in better guest experiences, enhanced security, and less stress for staff and patrons as they enter the complex's popular entertainment venues. The Denver Performing Arts Co

Evolv Technology Takes Center Stage at Denver Performing Arts Complex

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a global leader in weapons detection security screening, today announced the appointment of Mr. Mark Donohue to the position of Chief Financial Officer, effective June 1, 2022. Mr. Donohue will succeed Mr. Mario Ramos, who has accepted a role as CEO at a privately held financial services company. Mr. Ramos will continue in his current role until May 31, 2022 to ensure a smooth transition. Mr. Donohue will assume global responsibi

Evolv Technology Appoints New Chief Financial Officer

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV, “Evolv”), a leader in weapons detection security screening, today announced that Dollywood has selected Evolv Express®, its artificial intelligence (AI) based weapons detection system, to help guests safely enjoy the theme park. As part of its 37th season opening, Dollywood has been working with traffic engineers and security experts to expedite the way customers move through their parking lot, toll plaza, tram routes, and front g

Evolv Technology Hits All the Right Security Notes at Dollywood Theme Park

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q1 2022 Earnings Conference Call May 11, 2022 4:30 PM ET Company Participants Brian Norris - Vice President, Investor Relations Peter George - Chief Executive Officer Mario Ramos - Chief Financial Officer & Chief Risk Officer Conference Call Participants Mike Latimore - Northland Capital Markets Brad Reback - Stifel Brian Ruttenbur - Imperial Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Evolv Technologies' First Quarter Earnings Results.

Evolv Technologies Holdings, Inc. (EVLV) CEO Peter George on Q1 2022 Results - Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV #earnings--Evolv Technology (NASDAQ: EVLV), a global leader in weapons detection security screening, today announced financial results for its first quarter ended March 31, 2022 and reaffirmed its business outlook for 2022. “We're pleased to report solid first quarter results which were highlighted by strong growth in revenues, new customers and Evolv Express subscribers,” said Peter George, President and Chief Executive Officer of Evolv Technology. “Our results continue t

Evolv Technology Reports Strong First Quarter Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--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 Stifel Cross Sector Insight Conference on Tuesday, June 7, 2022 in Boston, Massachusetts. The Company will webcast the presentation live at approximately 10:55 a.m. Eastern Time. All interested parties can access the webcast live on the Company's investor relatio

Evolv Technology to Present at Stifel Investor Conference

WALTHAM, Mass.--(BUSINESS WIRE)--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 Cowen Technology Media & Telecom Conference on Wednesday, June 1, 2022 in New York, New York. The Company will webcast the presentation live at approximately 3:20 p.m. Eastern Time. All interested parties can access the webcast live on the Company's investor

Evolv Technology to Present at Cowen 50th Annual Technology Media & Telecom Conference

WALTHAM, Mass.--(BUSINESS WIRE)---- $EVLV--Evolv Technology (NASDAQ: EVLV), the global leader in weapons detection security screening, today announced that it will release financial results for the first quarter of 2022 on Wednesday, May 11, 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

Evolv Technology to Release First Quarter Financial Results on May 11, 2022

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

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