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.
The EVLV news page on Stock Titan provides a focused view of announcements and developments from Evolv Technologies Holdings, Inc., a security technology company listed on The Nasdaq Stock Market. Evolv describes itself as pioneering AI-based solutions designed to help create safer experiences at sports and entertainment venues, schools, hospitals, workplaces, and other public spaces. Its communications highlight how its AI-powered screening and analytics are deployed and updated across a broad customer base.
Investors and observers following EVLV news can expect regular updates on product deployments and customer wins, particularly in sports and entertainment, education, and healthcare. Recent press releases have detailed multi-year subscription agreements and designations such as “Official Fan Screening Partner” or “Official Patron Screening Provider” at major arenas and stadiums, as well as district-wide school safety deployments that combine Evolv Express® for people screening and Evolv eXpedite™ for bag screening.
The news flow also includes financial results and outlook commentary, typically released via quarterly earnings announcements and accompanied by management’s discussion of revenue trends, Annual Recurring Revenue, profitability metrics, and expectations for future periods. These items are often paired with notices of investor conferences and webcasts where management presents to the investment community.
Another recurring theme in EVLV news is technology and software updates. Evolv issues releases describing new software versions for Express, eXpedite, and its analytics platforms, outlining features such as integrated tablet management, expanded alert tags, sensitivity tuning options, and real-time service monitoring. Strategic partnerships, including contract manufacturing and supply chain arrangements, are also covered, providing insight into how the company supports manufacturing scale and global distribution.
By reviewing EVLV news, readers can track how Evolv’s AI-powered security solutions are being adopted, how its product capabilities evolve over time, and how management communicates about growth, operations, and strategy.
Evolv Technology (NASDAQ: EVLV) will report its Q3 2021 financial results on November 10, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results and provide management's outlook. The company is known for its advanced weapons detection technology, having scanned over 100 million individuals, contributing to enhanced safety in various venues. Further details and the live webcast will be available on their investor relations website.
Evolv Technology (NASDAQ: EVLV) has announced enhancements to its Evolv Insights™ platform, a SaaS-based analytics dashboard for security professionals. These advancements aim to empower venue operators by providing on-demand insights to improve safety and the visitor experience. Key features include enhanced threat tagging, remote scanner management, and actionable analytics to optimize security and staffing. The improvements will be generally available starting October 8, aimed at addressing rising concerns over security in public venues amid increased gun violence and social unrest.
Evolv Technology (NASDAQ: EVLV) has celebrated a significant milestone by screening over 100 million individuals, positioning it as a leader in weapons detection security. This achievement follows remarkable growth, including a nearly 600% year-over-year revenue increase as detailed in its recent second-quarter earnings report. Additionally, Evolv Express® was named 'New Product of the Year' in the Pedestrian Security Entrances category by Security Today magazine. The company continues to enhance security while improving visitor experience, signaling a strong future outlook.
Boch Center has announced the deployment of Evolv Technology's advanced weapons detection screening solution, Evolv Express®, as it reopens the Wang Theatre on September 18, marking its first event since March 2020. This innovative system can screen up to 3,600 individuals per hour, significantly improving safety with a touchless experience. Evolv's technology has already screened over 100 million attendees across major venues. CEO Peter George emphasizes the company's commitment to transforming physical security, promoting a safer environment for public gatherings.
Evolv Technology (NASDAQ: EVLV) has launched GiveEvolv, a new initiative aimed at donating advanced weapons detection systems to schools in need. This program is designed to enhance safety in educational environments, responding to the alarming rise in gun violence, which has affected over 256,000 students since 1999. Initially funded by NewHold Investment Corp., GiveEvolv will provide free access to technology that ensures a safer learning atmosphere. CEO Peter George emphasizes the importance of this initiative in helping schools that can't afford such security measures.
Evolv Technology (NASDAQ: EVLV) has appointed Betsy Fallon as Vice President of Customer Success to enhance its customer engagement strategy. Fallon, with over 20 years of experience, will focus on operationalizing a customer-centric culture to foster partnerships and drive growth. This appointment follows Evolv's successful merger with NewHold Investment Corp. and its recent public listing on Nasdaq. The company aims to improve weapons detection technology and customer satisfaction through her leadership, as it continues to expand its innovative security solutions.
Evolv Technology (NASDAQ: EVLV) has been awarded New Product of the Year in the Pedestrian Security Entrances category by Security Today for its innovative Evolv Express® system. This recognition highlights Evolv's focus on enhancing security screening technology to improve visitor experiences at venues. With more than 60 million people screened, Evolv Express leverages advanced sensors and AI to detect threats faster than traditional methods. CEO Peter George emphasized the urgency of modernizing security practices to address contemporary threats.
Evolv Technology (NASDAQ: EVLV) reported impressive second-quarter results for 2021, showing a 590% revenue increase to $4.5 million compared to $0.6 million in Q2 2020. The Total Contract Value (TCV) of orders booked surged 361% to $10.9 million. However, the company faced a net loss of $22.4 million, widening from a loss of $5.1 million a year earlier. For the first half of 2021, revenue reached $8.5 million, a 558% rise. Looking ahead, Evolv expects TCV for the year between $53 million and $55 million and total revenue of $20 million to $21 million.
Evolv Technology (NASDAQ: EVLV) announced advancements to its Evolv Express® security system amidst increasing violence in 2021. The updated system enhances weapons detection while improving guest experiences, addressing the growing demands for effective security solutions. Key improvements include better threat detection algorithms and a new 'Request Assistance' feature for security personnel. CEO Peter George emphasized the need for modernized security approaches, highlighting risks from outdated metal detectors, especially in crowded conditions.
Evolv Technology (NASDAQ: EVLV) will announce its financial results for Q2 2021 on August 16, 2021, after market close. A live conference call will follow at 4:30 PM ET, discussing the financial outcomes and future business outlook. The call can be accessed via specific phone numbers for U.S. and international participants. Evolv Technology leads the SaaS-based weapons detection market, having scanned over 60 million people, highlighting its advanced AI technology that detects security threats much faster than traditional methods.