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, a leading security company, reported impressive financial results for Q1 2024. They recorded a revenue of $21.7 million, up 17% year-over-year, with Ending ARR of $82.5 million, up 96% year-over-year, and Ending RPO of $254.1 million, up 57% year-over-year. The company also saw a significant increase in Evolv Express® subscriptions. Net loss decreased to $(11.6) million, and adjusted EBITDA improved. The company had solid cash reserves and no debt as of March 31, 2024. Evolv Technology provided a positive outlook for 2024, aiming for total revenue of around $100 million and significant growth in ARR and adjusted EBITDA.
Evolv Technology, a leading security company, teams up with the Pittsburgh Pirates to support community groups providing education and mentoring experiences for local youth. They provide high-profile First Pitch experiences at Pirates home games to raise awareness of three youth-focused non-profits in the region.
Evolv Technology (NASDAQ: EVLV) partners with Cape Fear Community College to enhance safety at the Wilson Center. The school uses Evolv Express® system for screening guests, upgrading from antiquated methods to AI-based screening for a more efficient process.
Evolv Technology, a leading security company, partners with Belmont University in Tennessee to provide AI-based screening for weapons detection at its Curb Event Center Arena. The partnership aims to enhance safety and guest experience at the university's multipurpose arena, joining other notable Nashville venues using Evolv's technology.
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