Evolv Technologies Hldngs Inc Stock Price, News & Analysis

Evolv Technology (NASDAQ: EVLV) has provided preliminary financial results for Q1 2025, projecting total revenue between $31.0-32.0 million, representing over 40% growth compared to $22.2 million in Q1 2024. The company reported $35 million in total cash, cash equivalents, and marketable securities with no outstanding debt as of March 31, 2025.

The company will file a Form 12b-25 for additional time to complete its Q1 2025 Form 10-Q, expecting to file within the five-day extension period. Final Q1 2025 results will be released on May 20, 2025, followed by a management webcast at 4:30 p.m. Eastern Time.

Evolv Technology (NASDAQ: EVLV), a security technology company specializing in AI-based safety solutions, has announced its participation in the upcoming Cowen Technology Conference. The event will take place on May 29, 2025 in New York. The company will be represented by President and CEO John Kedzierski and CFO Chris Kutsor. Interested parties can access webcast details through Evolv's investor relations website at ir.evolvtechnology.com.

Evolv Technology (NASDAQ: EVLV) has partnered with Rahway Public Schools in New Jersey to enhance school security through the installation of Evolv Express® and Evolv eXpedite™ systems at gymnasium and performing arts entrances. The deployment makes Rahway the first school district in New Jersey to implement the eXpedite solution alongside Express, allowing efficient student screening without requiring laptop removal from bags. The technology is part of a broader adoption trend, with over 1,100 school buildings nationwide now using Evolv's security solutions.

Evolv Technology (NASDAQ: EVLV), an AI-based security technology company, has scheduled its first quarter 2025 financial results release for Tuesday, May 20, 2025, after market close. The company's management team will host a live conference call and webcast at 4:30 p.m. Eastern Time on the same day to discuss the quarterly results and provide a business outlook. Investors and interested parties can access the webcast through the company's investor relations website at http://ir.evolvtechnology.com.

Evolv Technologies (NASDAQ: EVLV) reported strong Q4 2024 financial results while regaining compliance with SEC reporting and NASDAQ listing requirements. The security technology company achieved positive Adjusted EBITDA of $0.4 million in Q4'24, reaching profitability six months ahead of schedule.

Key Q4 2024 metrics:

• Revenue: $29.1 million (↑41% year-over-year)
• Annual Recurring Revenue: $99.4 million (↑39% year-over-year)
• Remaining Performance Obligation: $266.7 million
• 6,100 units deployed
• Cash position: $51.9 million with no debt

The company completed its restatement process, correcting approximately $3.1 million in revenue recognition from Q2 2022 through Q2 2024. Under new CEO John Kedzierski's leadership, Evolv is focusing on disciplined execution, transparent communication, and compliance as it enters its next growth phase in AI-based security solutions.

Evolv Technology (NASDAQ: EVLV) has appointed Chris Kutsor as its new Chief Financial Officer, effective one business day after filing the Company's Annual Report for fiscal year 2024. Kutsor, 51, joins Evolv from Kin + Carta Plc, where he served as CFO, COO, and Board member, successfully leading the company's sale to a private equity firm in 2024.

CEO John Kedzierski highlighted Kutsor's experience as a public company CFO and his proven leadership in driving financial strategy for high-growth technology companies. In his new role, Kutsor will focus on scaling the business and enhancing value for customers and shareholders at Evolv, a security technology company specializing in AI-based weapons detection solutions.

Evolv Technologies Holdings (NASDAQ: EVLV) has received a delinquency notification from Nasdaq on April 16, 2025, due to delayed filing of its Annual Report (Form 10-K) for the period ended December 31, 2024. The delay stems from an ongoing internal investigation into sales practices affecting revenue recognition and other key metrics, requiring financial statement restatements.

The company is also delinquent in filing its Q3 2024 Quarterly Report. Nasdaq has granted EVLV until May 19, 2025, to file the Quarterly Report and must submit an updated compliance plan by May 1, 2025. While the notification has no immediate effect on EVLV's Nasdaq listing, the company is working with AlixPartners LLP to complete and simultaneously file both reports.

Evolv Technology (NASDAQ: EVLV) has announced a partnership with immersive entertainment company Cosm to deploy its AI-based Express® screening systems at Cosm's first two locations in Los Angeles and Dallas metro areas. The partnership, which began in December 2024, aims to provide secure, fast, and convenient entry screening for major events.

Cosm's venues, which offer 'Shared Reality' experiences for sports, art, and entertainment events, selected Evolv's technology to match their advanced technological infrastructure. This expansion strengthens Evolv's presence in both markets, where their Express system is already deployed at major venues including SoFi Stadium, Crypto.com Arena, the Hollywood Bowl, and Honda Center in the Los Angeles area.

The San Francisco Giants have extended and expanded their partnership with Evolv Technologies Holdings (NASDAQ: EVLV), becoming the first professional sports team to renew their four-year subscription. The team will upgrade their existing fleet of 20 Evolv Express security screening systems to the latest Gen2 units for the 2025 season at Oracle Park.

The new agreement designates Evolv as a Proud Partner of the Giants. The Gen2 units offer enhanced mobility and easier deployment, continuing the smooth entry process that has been in place since 2021. This upgrade demonstrates how customers can leverage Evolv's subscription business model to access the latest hardware and software technologies.