Evolv Technologies Hldngs Inc Stock Price, News & Analysis

Evolv Technology (NASDAQ: EVLV) has earned recognition in the 2022 Best Places to Work Awards by Built In, being named one of the Best Places to Work, Best Midsize Companies to Work For, and Best Paying Companies. These awards reflect the company’s commitment to employee well-being and innovative culture. The evaluation process included compensation, benefits, and people-first cultural offerings. In 2021, Evolv made significant strides, expanding partnerships with venues and screening over 100 million people, second only to the TSA.

Evolv Technology (NASDAQ: EVLV) will announce its fourth quarter 2021 financial results on March 14, 2022, post-market. A conference call with management is scheduled for 4:30 p.m. ET on the same day to discuss the results and future business outlook. Access to the call is available via phone or through a live webcast on the company's investor relations website. Evolv Technology specializes in advanced weapons detection security screening, having scanned over 150 million individuals, and aims to enhance safety and security across various venues.

Evolv Technology (NASDAQ: EVLV) showcased its Evolv Express® systems at the world premiere of the Yellowstone prequel, 1883, enhancing safety with seamless entry for guests. Evolv Express utilizes AI-driven technology for weapons detection, screening over 150 million people, making it second only to the TSA in the U.S. The system allows rapid entry without disrupting guest experiences, which aligns with Evolv's goal of transforming physical security. The company aims to deliver better security while facilitating smooth event operations, further validated by partnerships with high-profile venues.

Evolv Technology (NASDAQ: EVLV) will be presenting at the Imperial Capital Investor Conference on December 15, 2021, in New York. CEO Peter George is scheduled to speak at approximately 9:00 a.m. Eastern Time, with a live webcast available on the company's investor relations website. Evolv is a leader in weapons detection security screening, having scanned over 100 million individuals, only second to the TSA in the U.S. The company aims to enhance safety while providing a better experience for visitors across various venues.

Evolv Technology (NASDAQ: EVLV) partners with Little River Casino Resort in Manistee, Michigan, to enhance guest safety as the casino reopens at full capacity. Utilizing the Evolv Express® screening solution, the casino aims to improve weapons detection while streamlining foot traffic. The advanced AI-driven technology allows for swift security checks, significantly reducing wait times and requiring fewer staff for monitoring. This partnership underscores the increasing demand for effective security solutions across entertainment venues.

Evolv Technology (EVLV) recently published a survey revealing the psychological impact of gun violence on Americans. Key findings include that 77.8% of respondents view gun violence as a significant issue, with 44.9% experiencing anxiety about it. Notably, 56.7% would consent to weapons detection screenings in everyday locations. The survey highlights regional differences in anxiety levels, with the South being the most concerned. As gun violence continues to affect public perception, Evolv aims to enhance security measures to alleviate the growing anxiety among citizens.

Evolv Technology (NASDAQ: EVLV) reported strong Q3 2021 results, with total revenue of $8.4 million, a 473% year-over-year increase, and Total Contract Value (TCV) of $16.9 million, up 365%. The company has raised its 2021 outlook, estimating TCV between $53-$57 million and total revenue between $20-$23 million. GAAP net income for Q3 2021 was $23.2 million, or $0.15 per diluted share, compared to a loss of $6.3 million in Q3 2020. Evolv continues to expand its customer base, securing deals with notable clients like the NFL's Carolina Panthers.

Evolv Technology (NASDAQ: EVLV) has announced a partnership with Butler University to implement its Evolv Express® security screening solution at Clowes Memorial Hall. This installation aims to enhance patron security while reducing entry wait times significantly. Since the upgrade, patrons can now access the venue without long queues, promoting a more enjoyable experience. The hall, which accommodates 2,148 guests, is back to full capacity and aiming to host over 300,000 visitors annually, showcasing various performances.

Evolv Technology (NASDAQ: EVLV) has appointed Mario Ramos as Chief Financial Officer, effective November 1, 2021. Ramos, who previously served as CFO at Edelman Financial Engines and held key roles at CVS Health, will oversee the company's finance, accounting, risk compliance, IT, and investor relations. His extensive experience in high-growth environments is expected to support Evolv’s strategic growth initiatives. Ramos succeeds Peter Faubert, who transitions to Senior VP of Strategic Finance. This appointment aligns with Evolv’s mission to enhance security technology in a rapidly growing market.