Welcome to our dedicated page for Evolv Technologies Hldngs news (Ticker: EVLV), a resource for investors and traders seeking the latest updates and insights on Evolv Technologies Hldngs stock.
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 partnered with Atlanta Public Schools (APS) to implement its Evolv Express security screening solution in 36 schools. This advanced system can screen up to 4,000 individuals per hour, improving safety by enhancing security checks while reducing anxiety among students. Over 200 U.S. schools have adopted Evolv's technology, which has positively impacted security operations at venues like Mercedes-Benz Stadium. The collaboration aims to create a safer learning environment as APS deals with significant security challenges, including the detection of over 24 firearms last year.
Evolv Technology (NASDAQ: EVLV) has partnered with Bridgestone Arena in Nashville, becoming the first NHL-specific venue to implement its AI-based weapons detection system, Evolv Express. This installation aims to enhance safety while improving the guest experience at one of the busiest venues in the U.S. Bridgestone Arena ranks fourth in the U.S. for ticket sales, boasting over 815,000 tickets sold, and generated $80.6 million in gross revenue. The Evolv Express system, installed at fourteen entry points, aims to improve operational efficiency and guest satisfaction.
Evolv Technology (NASDAQ: EVLV), a leader in AI-based weapons detection, will announce its fourth-quarter 2022 financial results on March 1, 2023, after market close. A live conference call is scheduled for 4:30 p.m. ET on the same day, providing insights into the financial outcomes and future outlook. Evolv's advanced systems have scanned over 425 million people, showcasing its significant impact on security screening across various sectors. This event will be accessible via a dedicated conference call and webcast.
Evolv Technology (NASDAQ: EVLV) has secured a $75 million non-dilutive debt financing facility from Silicon Valley Bank to bolster its subscription-based business model. The company aims to utilize these funds to enhance its AI-powered weapons detection solution, Evolv Express, which is already utilized by over 400 customers across various sectors, including education and healthcare. This financing aligns with Evolv's capital allocation strategy and is expected to support growth plans while maintaining a strong balance sheet.
Evolv Technology (NASDAQ: EVLV) will present at the Imperial Capital 2022 Security Investor Conference on December 15, 2022, in New York City. CEO Peter George and CFO Mark Donohue are scheduled to speak at 10:00 a.m. Eastern Time. The presentation will be webcast live, accessible via the company's investor relations site. Evolv Technology specializes in AI-powered weapons detection and analytics, aiming to enhance security across various venues, having scanned over 425 million individuals to date.
Evolv Technology (NASDAQ: EVLV) has partnered with Winnebago Public Schools in Nebraska to enhance student safety using its Evolv Express® system. Installed before the 2022-2023 school year, the system screened over 17,000 individuals in its first month without requiring students to remove personal belongings, improving their school experience. Additionally, Evolv Insights® analytics help monitor security performance. The community has responded positively, with increased safety awareness and a reduction in instances of prohibited items.
Evolv Technology, a leader in AI-based weapons detection, has secured a multi-year partnership as the 'Official Weapons Detection Screening Systems Provider' for SoFi Stadium and YouTube Theater at Hollywood Park. This collaboration aims to enhance guest safety and experience through Evolv's advanced AI technology, allowing fans to pass through security without stopping. Evolv's systems have scanned over 425 million people, underscoring their success in ensuring secure environments at prestigious venues.
Evolv Technology (NASDAQ: EVLV) has launched Evolv Express® 3.0/5.0, enhancing its AI-based weapons detection platform. This upgrade adds open integration across various security technologies, improving threat detection and operational efficiency for venues. Key features include a new Open API for seamless integration with existing systems, an updated Evolv Insights® Dashboard for performance analytics, and a ruggedized design for outdoor systems, facilitating faster setup. The rollout is already benefiting clients like Winnebago School District and Gillette Stadium.
Evolv Technology (NASDAQ: EVLV) announced that its Evolv Express® system has prevented over 100,000 weapons from entering venues this year, indicating strong demand for advanced security solutions. The system is now implemented in over 200 schools and 70 hospitals, reflecting a growing trend in replacing traditional security measures with AI-powered screening technology. In Q3, Evolv added a record 92 new customers, emphasizing the increasing need for enhanced safety measures across various sectors. The company has screened over 425 million individuals, positioning itself as a leading force in security technology.
Evolv Technology (NASDAQ: EVLV) reported a strong Q3 2022, achieving revenues of $16.5 million, up 96% year-over-year, with an Ending ARR of $28.7 million, a 189% increase. The company raised its 2022 revenue outlook to $46-$48 million, significantly higher than previous estimates. TCV for Q3 reached $45.4 million, a 167% growth from the prior year. Despite this, net loss for Q3 was $(18.6) million. Looking ahead, Evolv expects ARR for 2023 to exceed $65 million, reflecting over 100% growth.
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