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Evolv Technologies Holdings Inc (EVLV) delivers AI-powered security screening solutions for high-traffic venues through advanced sensor technology and machine learning. This news hub provides investors and industry professionals with essential updates on EVLV's financial developments, product innovations, and market leadership in touchless threat detection.
Access real-time announcements including quarterly results, system deployments, and technology partnerships. Our curated collection features press releases on patent approvals, security analytics advancements, and enterprise customer acquisitions across education, entertainment, and critical infrastructure sectors.
Stay informed about EVLV's subscription-based security-as-a-service model and its expansion in AI-driven physical security solutions. All content is verified for accuracy and relevance to support informed decision-making about this innovative security technology provider.
Bookmark this page for ongoing updates on Evolv's progress in redefining modern security protocols through continuous R&D investments and strategic industry collaborations.
Evolv Technology (NASDAQ: EVLV) has secured a new $75 million credit facility with MidCap Financial, comprising a $60 million tranched term loan and a $15 million revolving credit facility. The five-year facility carries an interest rate of SOFR plus 5.25%.
The company drew $30 million initially, with an additional $30 million available over two years at their discretion. The funding will support growing demand for Evolv's subscription-based security-as-a-service model. As of June 30, 2025, Evolv reported cash and equivalents of $37 million, up from $35 million in March 2025.
Evolv Technology (NASDAQ: EVLV) has partnered with Stern Grove Festival, America's oldest nonprofit music festival, to enhance security measures through the deployment of Evolv Express® AI-based weapons detection systems. The systems were operational for the festival's opening on June 15, 2025.
The implementation replaces traditional walk-through metal detectors and manual bag searches, addressing previous challenges with screening large volumes of picnic supplies and personal items. The new system aims to streamline entry processes while maintaining security standards at the San Francisco-based festival, which has provided free performances for over 88 years.
Evolv Technologies (NASDAQ: EVLV) announced the renewal of its Evolv Express® subscription agreement with Columbus Crew, extending their partnership that began in 2021. The agreement covers ten Express systems at all entrances of Lower.com Field, the Crew's 20,139-capacity home venue.
The AI-based security screening system has successfully processed over 2.1 million guests at the venue, including major events like the 2023 MLS Cup Final and MLS All-Star game. Notably, 50% of Evolv's Q1 2025 business came from existing customers, with the company now serving 12 professional soccer teams in the US and nearly 100 sports and entertainment customers worldwide.
Evolv Technologies (NASDAQ: EVLV) has been selected by FIFA to provide security screening at the 2025 FIFA Club World Cup. The company will deploy over 100 Evolv Express® units across 12 host stadiums and training facilities for the tournament.
The AI-based weapons detection system allows fans to walk through security at their natural pace without removing personal items, helping to reduce congestion at entry points. The tournament will feature 32 top club teams from six FIFA confederations.
This selection strengthens Evolv's position in sports security, adding to its portfolio of nearly 100 sports venue partnerships and experience with major sporting events including professional league all-star games and golf majors.
Evolv Technology (NASDAQ: EVLV), an AI-based security technology company, has scheduled its Q2 2025 earnings release for August 14, 2025, after market close. The company's management will host a live webcast at 4:30 p.m. Eastern Time to discuss financial results and business outlook. Investors can access the webcast through the company's investor relations website at ir.evolvtechnology.com.
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.
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