Evolv Technologies Hldngs Inc Stock Price, News & Analysis

Evolv Technology (NASDAQ: EVLV) announced a partnership with Distrito T-Mobile, marking its first client in Puerto Rico. The entertainment complex, which expects over 3 million visitors in its first year, will utilize Evolv Express® for efficient weapons screening, enhancing safety without significant delays. Notably, Distrito T-Mobile has already attracted more than 1.7 million visitors in its initial six months. The collaboration signifies Evolv's expansion into new markets and supports Puerto Rico's recovery efforts post-Hurricane Maria.

Evolv Technology (NASDAQ: EVLV) has partnered with the Champaign Unit 4 School District in Illinois to implement Evolv Express®, a cutting-edge weapons detection system, in response to security incidents at local schools. After only two months, the system has screened over 182,000 visitors, detecting multiple threats and improving safety. The district plans to expand the system to football games and possibly middle schools. Evolv aims to enhance school security while prioritizing a positive learning environment for students and teachers.

Evolv Technology (NASDAQ: EVLV) will join the Russell 3000® Index effective June 27, 2022, marking a significant achievement in its growth strategy. The Russell 3000 Index captures the 4,000 largest U.S. stocks by market capitalization, enhancing Evolv's visibility to institutional investors. This inclusion also links Evolv to the Russell 1000® and Russell 2000® indices. Currently, around $12 trillion in assets are benchmarked to Russell's indexes, indicating the importance of this milestone. Evolv is known for its AI-powered weapons detection systems, having scanned over 250 million people in the U.S.

Evolv Technology (NASDAQ: EVLV) announced that the Denver Performing Arts Complex has adopted its Evolv Express® systems, replacing traditional metal detectors. This transition aims to enhance guest experiences and security, reducing stress for attendees and staff. The new system significantly shortens screening times, which previously caused long queues, improving overall efficiency. Evolv's technology leverages artificial intelligence to detect threats accurately and efficiently, showcasing a modern approach to venue security.

Evolv Technology (NASDAQ: EVLV) has partnered with Dollywood to implement Evolv Express®, an AI-driven weapons detection system for enhanced guest safety. Dollywood aims to optimize entry processes, allowing guests to pass through security without stopping or removing items. Evolv Express can process 3600 people per hour, identifying threats significantly faster than traditional methods. This collaboration not only improves the guest experience but also strengthens security at one of the world's top theme parks, as Dollywood anticipates an influx of visitors this summer.

Evolv Technology (NASDAQ: EVLV) reported Q1 2022 revenue of $8.7 million, reflecting a 118% increase year-over-year. The company's Annual Recurring Revenue (ARR) reached $16.6 million, up 207% from the previous year. Evolv Express subscriptions grew by 227% to 910. Despite the growth, the company recorded a net loss of $14.6 million or ($0.10) per share. The firm reaffirmed its 2022 revenue outlook of $29-$31 million and adjusted EBITDA expectation of ($65-$67 million.

Evolv Technology (NASDAQ: EVLV) announced that Peter George, President and CEO, will present at the Stifel Cross Sector Insight Conference on June 7, 2022, in Boston, Massachusetts. The presentation is scheduled to start at approximately 10:55 a.m. Eastern Time and will be available for live streaming on the company's investor relations website. Evolv Technology leads the market in weapons detection security screening, having scanned over 200 million people. The company's technology offers enhanced security while improving user experience at various venues.

Evolv Technology (NASDAQ: EVLV) will be presenting at the Cowen Technology Media & Telecom Conference on June 1, 2022, in New York City. CEO Peter George is scheduled to speak at approximately 3:20 p.m. Eastern Time. The company, a leader in weapons detection technology, aims to enhance security while improving the experience for users across various venues, having scanned over 250 million people to date. The presentation will be available via live webcast on the company's investor relations website.

Evolv Technology (NASDAQ: EVLV) will release its first-quarter 2022 financial results on May 11, 2022, after market close. The management team will host a conference call at 4:30 p.m. ET to discuss the results and business outlook. Participants in the US can call +1.877.692.8955, while international participants can dial +1.234.720.6979. The call will also be webcast on the company’s investor relations website. A replay will be available for 30 days.