Evolv has reinvented the metal detector with AI, scanning non-metallic weapons and reducing false alarms. The company serves various verticals, with 70% of sales through channel partners like Motorola, driving growth and customer acquisition. Shift to distribution model boosts recurring revenue, gross margins, and outlook, with positive EBITDA expected in Q2/25.
Evolv aims to replace metal detectors with AI-powered screening systems. But it missed the ambitious growth targets it set before its public debut.
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Brian Norris - SVP, Finance Peter George - President and CEO Mark Donohue - CFO Conference Call Participants Aditya Dagaonkar - Northland Capital Brett Knoblauch - Cantor Fitzgerald Jeremy Hamblin - Craig-Hallum Hugh Cunningham - TD Cowen Eric Martinuzzi - Lake Street Brian Norris [abrupt start] joined here today by Peter George, our President and Chief Executive Officer; and Mark Donohue, our Chief Financial Officer. This afternoon, after the market closed, we issued a press release announcing our second quarter 2024 results and as well as our business outlook for the remainder of the year.
Evolv Technologies Holdings, Inc. (EVLV) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.10 per share a year ago.
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NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. ("Evolv" or "the Company") (NASDAQ:EVLV) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between June 28, 2021 and March 13, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before May 24, 2024.
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.