— Company Estimates Revenue Growth of 40%+ in
Q1’25 —
— Company Reiterates Plans to Issue Final Q1’25
Results on May 20, 2025 —
Evolv Technologies Holdings, Inc (NASDAQ: EVLV), a leading
security technology company pioneering AI-based solutions designed
to help create safer experiences, today provided an update on its
preliminary financial results for the first quarter of 2025 as well
as its upcoming plans to file its related Quarterly Report on Form
10-Q with the Securities and Exchange Commission.
Company Provides Preliminary Update for First Quarter of
2025
The Company today provided an update on preliminary results for
the first quarter of 2025. Based on preliminary estimates which are
subject to change, the Company expects total revenue to be between
approximately $31.0 million and $32.0 million, compared to total
revenue of $22.2 million in the first quarter of 2024. The Company
expects less than $0.1 million of revenue to be related to the
restatement previously completed by the Company. As previously
disclosed, as of March 31, 2025, the Company had total cash, cash
equivalents, and marketable securities of $35 million, with no
outstanding debt. The Company will release final financial results
for the first quarter of 2025 on Tuesday, May 20, 2025, after the
market closes. Members of the Company’s management team plan to
host a live webcast at 4:30 p.m. Eastern Time on that day to
discuss the financial results as well as management’s outlook for
the business. The conference call will be webcast live at
http://ir.evolvtechnology.com.
Company Continues to Maintain Full Compliance with SEC
Reporting and NASDAQ Listing Requirements
The Company will file a Form 12b-25, Notification of Late
Filing, with the SEC for its Quarterly Report on Form 10-Q for the
period ended March 31, 2025 (“Q1 2025 Form 10-Q”) to provide for
additional time to complete and file the Company’s financial
statements. Given the demands on management’s time that were
required to complete the recently filed Annual Report on Form 10-K
for 2024 and the Quarterly Report on Form 10-Q for the period ended
September 30, 2024, the Company requires additional time to
complete its financial statements and other disclosures in the Q1
2025 Form 10-Q. The Company expects to file the Q1 2025 Form 10-Q
within the extension period of five calendar days as provided for
under Rule 12b-25 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”).
About Evolv Technology
Evolv Technologies Holdings, Inc (NASDAQ: EVLV) is designed to
transform human security to make a safer, faster, and better
experience for the world’s most iconic venues and companies as well
as schools, hospitals, and public spaces, using industry leading
artificial intelligence (AI)-powered screening and analytics. Its
mission is to transform security to create a safer world to live,
work, learn, and play. Evolv has digitally transformed the gateways
in many places where people gather by enabling seamless integration
combined with powerful analytics and insights. Evolv’s advanced
systems have scanned more than two billion people since 2019. Evolv
has been awarded the U.S. Department of Homeland Security (DHS)
SAFETY Act Designation as a Qualified Anti-Terrorism Technology
(QATT) as well as the Security Industry Association (SIA) 2024 New
Products and Solutions (NPS) Award in the Law Enforcement/Public
Safety/Guarding Systems category, as well as Sport Business
Journal’s (SBJ) 2024 awards for “Best In Fan Experience Technology”
and “Best In Sports Technology”. Evolv®, Evolv Express®, Evolv
Insights®, Evolv Visual Gun Detection™, Evolv eXpedite™, and Evolv
Eva™ are registered trademarks or trademarks of Evolv Technologies,
Inc. in the United States and other jurisdictions. For more
information, visit evolv.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Exchange Act. All statements contained in this
press release and related presentation materials other than
statements of historical facts, including without limitation
statements regarding our preliminary results for the first quarter
of 2025 and the timing of the filing of the Q1 2025 Form 10-Q.
Words such as “believe” “may,” “will,” “expect,” “should,” “could,”
“anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“potential,” “continue,” “project,” “plan,” “target,” “forecast”,
“is/are likely to” or the negative of these terms or other similar
expressions are intended to identify forward-looking statements,
though not all forward-looking statements use these words or
expressions. The forward-looking statements in this press release
and related presentation materials are only predictions. We have
based these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our business, financial condition
and results of operations. Forward-looking statements involve known
and unknown risks, uncertainties and other important factors that
may cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including, but not limited to, the amount of insurance
reimbursements expected to be received for defense costs for
counsel and consultants in connection with securities litigation
and related Securities and Exchange Commission (the "SEC") and
Department of Justice matters, and the following: our history of
losses and ability to reach profitability; our reliance on reseller
partners to generate a growing portion of our revenue; expectations
regarding the Company’s strategies and future financial
performance, including its future business plans or objectives,
prospective performance and opportunities and competitors,
revenues, products and services, pricing, operating expenses,
market trends, liquidity, cash flows and uses of cash, capital
expenditures; the Company’s reliance on third party contract
manufacturing and distribution, and a global supply chain; the
Company recognizes a substantial portion of its revenue ratably
over the term of its agreements, and, as a result, downturns or
upturns in sales may not be immediately reflected in its operating
results; the rate of innovation required to maintain
competitiveness in the markets in which the Company competes; the
competitiveness of the market in which the Company competes; the
failure of our products to detect threats could result in injury or
loss of life, which could harm our brand, reputation, and results
of operations; the loss of designation of our Evolv Express® system
as a Qualified Anti-Terrorism Technology under the Homeland
Security SAFETY Act; risks related to our business model, which is
predicated, in part, on building a customer base that will generate
a recurring stream of revenues through the sale of our subscription
contracts; the ability for the Company to obtain, maintain, protect
and enforce the Company’s intellectual property rights and use of
“open source” software; the concentration of the Company’s revenues
on a single solution; the Company’s ability to timely design,
produce and launch its solutions, the Company’s ability to invest
in growth initiatives and pursue acquisition opportunities; the
limited liquidity and trading of the Company’s securities; risks
related to existing and changing tax laws; geopolitical risk and
changes in applicable laws or regulations; the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors; operational risk; risks related to
material weaknesses in our internal control over financial
reporting and our remediation plans; risks related to increasing
attention to and evolving expectations for, environmental, social,
and governance initiatives; the impact of fluctuating general
economic and market conditions and reductions in spending; the need
for additional capital to support business growth, which might not
be available on acceptable terms, if at all; and litigation and
regulatory enforcement risks, including the diversion of management
time and attention and the additional costs and demands on
resources. These and other important factors discussed under the
caption “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2024 filed with the Securities and Exchange
Commission ("SEC") on April 28, 2025, could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. The forward-looking
statements in this press release and related presentation materials
are based upon information available to us as of the date hereof,
and while we believe such information forms a reasonable basis for
such statements, it may be limited or incomplete, and our
statements should not be read to indicate that we have conducted an
exhaustive inquiry into, or review of, all potentially available
relevant information. These statements are inherently uncertain and
investors are cautioned not to unduly rely upon these
statements.
You should review this press release and the documents that we
reference in this press release and related presentation materials
with the understanding that our actual future results, levels of
activity, performance and achievements may be materially different
from what we expect. We qualify all of our forward-looking
statements by these cautionary statements. Except as required by
applicable law, we do not plan to publicly update or revise any
forward-looking statements contained in this press release and
related presentation materials, whether as a result of any new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250515290964/en/
Investor Relations: Brian Norris Senior Vice President of
Finance and Investor Relations bnorris@evolvtechnology.com
Evolv Technologies (NASDAQ:EVLV)
Gráfico Histórico do Ativo
De Mai 2025 até Jun 2025
Evolv Technologies (NASDAQ:EVLV)
Gráfico Histórico do Ativo
De Jun 2024 até Jun 2025
