Evolv Technologies Holdings, Inc. provides AI-based touchless security screening systems. The company offers an array of AI- based touchless screening technologies for weapons detection, identity verification, and health-related threats. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace, individually or in groups; Evolv Insights that provides detailed analytics about visitor flows and Evolv Express detection performance; Evolv Thermal Imaging Package; and Evolv Edge to detect non-metallic explosive devices, metallic explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is based in Waltham, Massachusetts.
IPO Year: 2020
Exchange: NASDAQ
Website: evolvtechnology.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | Outperform → Market Perform | Northland Capital | |
| 5/20/2024 | $8.50 → $5.75 | Buy | Craig Hallum |
| 5/10/2024 | $6.00 → $3.50 | Buy → Hold | Lake Street |
| 11/21/2023 | $6.00 | Buy | Lake Street |
| 4/28/2023 | $6.00 | Buy | Craig Hallum |
| 2/8/2023 | $5.40 | Overweight | Cantor Fitzgerald |
| 3/15/2022 | $10.00 → $2.00 | Buy → Hold | Stifel |
| 8/26/2021 | $12.00 | Buy | Stifel |
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
NT 10-Q - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
3 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13D/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
SC 13G/A - Evolv Technologies Holdings, Inc. (0001805385) (Subject)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
4 - Evolv Technologies Holdings, Inc. (0001805385) (Issuer)
Northland Capital downgraded Evolv Technologies Holdings from Outperform to Market Perform
Craig Hallum resumed coverage of Evolv Technologies Holdings with a rating of Buy and set a new price target of $5.75 from $8.50 previously
Lake Street downgraded Evolv Technologies Holdings from Buy to Hold and set a new price target of $3.50 from $6.00 previously
Lake Street initiated coverage of Evolv Technologies Holdings with a rating of Buy and set a new price target of $6.00
Craig Hallum initiated coverage of Evolv Technologies Holdings with a rating of Buy and set a new price target of $6.00
Cantor Fitzgerald initiated coverage of Evolv Technologies Holdings with a rating of Overweight and set a new price target of $5.40
Stifel downgraded Evolv Technologies Holdings from Buy to Hold and set a new price target of $2.00 from $10.00 previously
Stifel initiated coverage of Evolv Technologies with a rating of Buy and set a new price target of $12.00
– Company Welcomes 20 Year Motorola Sales Leader to Drive and Accelerate Revenue Growth – Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) (the "Company" or "Evolv Technology"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the appointment of Mr. Robert E. Marshall, Jr. to the position of Chief Revenue Officer, effective February 3, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124101173/en/Mr. Robert E. Marshall, Jr. (Photo: Business Wire) Mr. Marshall will assume global responsibility for the Company's sales and service operations with a pri
– Company Reaffirms Outlook for Positive Adjusted EBITDA1 by Q2 2025 – – Company Provides Update on Restatement Effort and Regulatory Inquiry – Evolv Technology, Inc. (NASDAQ:EVLV) (the "Company"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today provided an update on select strategic metrics for the three-month period ended December 31, 20242. The Company also provided an update on its pending restatement effort and other regulatory matters. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123179310/en/ According to preliminary estimates which are subject to ch
Evolv Earns Two Awards on Built In's Best Places to Work List Built In announced that Evolv Technology was honored in its 2025 Best Places To Work Awards. Specifically, Evolv earned a place on both the ‘100 Best Midsize Places to Work in Boston' and the ‘100 Best Places to Work in Boston' 2025 lists. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S. "We're thrilled to be honored for the culture and benefits we offer employees as we work towards our mission of helping to keep people and places safer," said John Kedzierski, President and CE
Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that its Board of Directors (the "Board") has appointed John Kedzierski as the Company's new Chief Executive Officer, President and as a member of the Board, effective December 16, 2024. Mr. Kedzierski will succeed Michael Ellenbogen, who has been serving as the Company's Interim President and Chief Executive Officer since October. Mr. Ellenbogen will continue to serve as the Company's Chief Innovation Officer and a member of the Board. This press release features multimedia. View the full release here: https://
– Evolv Does Not Admit Wrongdoing; Resolution Does Not Include Monetary Relief – – FTC Does Not Challenge Core Product Efficacy; Order Involves Approximately 4% of Installed Base – – Company Reaffirms Commitment to Innovation, Integrity, and Customer Trust – Evolv Technology (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that it has resolved the United States Federal Trade Commission's (FTC) inquiry into certain aspects of the Company's prior marketing claims. While Evolv disagrees with the FTC's allegations, and has not admitted any wrongdoing, it has chosen to resolve the matter to focus on its
No Immediate Effect on the Company's Securities Listed on Nasdaq Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced it received an expected delinquency notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on November 21, 2024, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of the delayed filing of the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Quarterly Report"). As prev
Evolv Express® Deployed at All Main Gates at Target Center in Minneapolis Evolv Technology (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that its Evolv Express system has been recently deployed at Target Center, home of the Minnesota Timberwolves and Minnesota Lynx professional basketball teams. Evolv is the Preferred Patron Screening Provider of Target Center, a multi-use arena in downtown Minneapolis. Upon deployment, the Express system was immediately put to the test as it was used to screen record-setting crowds during the WNBA Finals. The nine Express systems will be used for all Timberwol
Evolv Technology (NASDAQ:EVLV) ("Evolv" or the "Company"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today provided an update on select strategic metrics1 for the three-month period ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121322669/en/ During the third quarter of 2024, the Company: Surpassed 2 billion visitors screened since inception; Activated approximately 465 new multi-year subscriptions of Evolv Express; Added over 100 additional school buildings and now serves over 1,100 school buildings; Added over 30 additional
Reaffirms Revenue Recognition Impact of $4 to $6 million Ending Cash Position of Approximately $56 Million as of September 30, 2024, Consistent with Internal Forecasts Announces Remedial Actions and Organizational Changes, Including the Resignation of the Company's Chief Financial Officer Hires Leading Business Advisory Firm, AlixPartners, to Provide Interim Finance and Accounting Resources Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the results of the internal investigation previously disclosed on October 25, 2024, into certain sales practices tha
Michael Ellenbogen, Co-Founder, Chief Innovation Officer and Board Member, Named Interim President and CEO Board Continues Ongoing Search for New CEO Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based screening designed to create safer experiences, today announced that on October 30, 2024, the Company's Board of Directors (the "Board") terminated Peter George, President and Chief Executive Officer of Evolv, without cause, effective immediately. The Board has appointed Michael Ellenbogen, Evolv's Chief Innovation Officer and a member of the Board, as Interim President and Chief Executive Officer. Mr. Ellenbogen is a season
– Company Reaffirms Outlook for Positive Adjusted EBITDA1 by Q2 2025 – – Company Provides Update on Restatement Effort and Regulatory Inquiry – Evolv Technology, Inc. (NASDAQ:EVLV) (the "Company"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today provided an update on select strategic metrics for the three-month period ended December 31, 20242. The Company also provided an update on its pending restatement effort and other regulatory matters. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123179310/en/ According to preliminary estimates which are subject to ch
Q2 Revenue of $25.5 million, up 29% year-over-year Q2 Ending ARR1 of $88.9 million, up 64% year-over-year Q2 Ending RPO2 of $262.9 million, up 33% year-over-year Q2 Ending Evolv Express® subscriptions of 5,323, up 57% year-over-year Evolv Technology (NASDAQ:EVLV), a leading security technology company pioneering AI-based screening designed to help create safer experiences, today announced financial results for the quarter ended June 30, 2024. Results for the Second Quarter of 2024 Total revenue for the second quarter of 2024 was $25.5 million, an increase of 29% compared to $19.8 million for the second quarter of 2023. Annual Recurring Revenue ("ARR")1 was $88.9 million at
Evolv Technology (NASDAQ:EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, announced that the Company will release financial results for the second quarter of 2024 on Thursday, August 8, 2024, after the market closes. Members of the Company's management team plan to host a live conference call and 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 may be accessed in the United States by dialing +1.877.692.8955 and using access code 825879. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using t
Q1 Revenue of $21.7 million, up 17% year-over-year Q1 Ending ARR1 of $82.5 million, up 96% year-over-year Q1 Ending RPO2 of $254.1 million, up 57% year-over-year Q1 Ending Evolv Express® subscriptions of 4,882, up 75% year-over-year Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced financial results for the quarter ended March 31, 2024. Results for the First Quarter of 2024 Total revenue for the first quarter of 2024 was $21.7 million, an increase of 17% compared to $18.6 million for the first quarter of 2023. Annual Recurring Revenue ("ARR")1 was $82.5 million at the end of fir
Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, announced that the Company will release financial results for the first quarter of 2024 on Thursday, May 9, 2024, after the market closes. Members of the Company's management team plan to host a live conference call and 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 may be accessed in the United States by dialing +1.877.692.8955 and using access code 825879. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using the
Q4 Revenue of $21.8 million, up 4% year-over-year Q4 Ending ARR1 of $75.0 million, up 120% year-over-year Q4 Ending RPO2 of $240.5 million, up 66% year-over-year Q4 Ending Evolv Express® subscriptions of 4,505, up 99% year-over-year Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based weapons detection to create safer experiences, today announced financial results for the quarter and year ended December 31, 20233 and issued its outlook for 2024. Results for the Fourth Quarter of 2023 Total revenue for the fourth quarter of 2023 was $21.8 million, an increase of 4% compared to $20.9 million for the fourth quarter of 2022. Annual Recurri
Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, announced that the Company will release financial results for the fourth quarter of 2023 on Thursday, February 29, 2024, after the market closes. Members of the Company's management team plan to host a live conference call and 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 may be accessed in the United States by dialing +1.877.692.8955 and using access code 825879. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using the same access code. The conferen
– Company Reaffirms Previously Raised Outlook for 2023 and Issues Outlook for 2024 Above Street Consensus – Q3 Revenue of $20.2 million, up 22% year-over-year Q3 Ending ARR1 of $65.8 million, up 129% year-over-year Q3 Ending RPO2 of $221.1 million, up 102% year-over-year Q3 Ending Evolv Express® subscriptions of 4,014, up 137% year-over-year Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, today announced financial results for the quarter ended September 30, 2023, reaffirmed its previously raised business outlook for 2023 and issued its preliminary outlook for 2024.. Results for the Third Quarter of 2023 Total revenue for the th
– Company Raises Outlook for 2023 – Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, today announced preliminary financial results for the quarter ended September 30, 2023. The Company will report final financial results on November 9, 2023 after the market closes. Preliminary Results for the Third Quarter of 2023 Based on preliminary third quarter estimates which are subject to change, the Company currently expects: Total revenues to range between $19.3 million to $19.8 million Q3 ending ARR1 to range between $65.5 million to $66.0 million Q3 net additions to range between 620 to 625 Gross margin to range between 56% to 57% A
Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, announced that the Company will release financial results for the third quarter of 2023 on Thursday, November 9, 2023, after the market closes. Members of the Company's management team plan to host a live conference call and 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 may be accessed in the United States by dialing +1.877.692.8955 and using access code 825879. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using the same access code. The conference
– Company Welcomes 20 Year Motorola Sales Leader to Drive and Accelerate Revenue Growth – Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) (the "Company" or "Evolv Technology"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the appointment of Mr. Robert E. Marshall, Jr. to the position of Chief Revenue Officer, effective February 3, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124101173/en/Mr. Robert E. Marshall, Jr. (Photo: Business Wire) Mr. Marshall will assume global responsibility for the Company's sales and service operations with a pri
Evolv Earns Two Awards on Built In's Best Places to Work List Built In announced that Evolv Technology was honored in its 2025 Best Places To Work Awards. Specifically, Evolv earned a place on both the ‘100 Best Midsize Places to Work in Boston' and the ‘100 Best Places to Work in Boston' 2025 lists. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S. "We're thrilled to be honored for the culture and benefits we offer employees as we work towards our mission of helping to keep people and places safer," said John Kedzierski, President and CE
Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that its Board of Directors (the "Board") has appointed John Kedzierski as the Company's new Chief Executive Officer, President and as a member of the Board, effective December 16, 2024. Mr. Kedzierski will succeed Michael Ellenbogen, who has been serving as the Company's Interim President and Chief Executive Officer since October. Mr. Ellenbogen will continue to serve as the Company's Chief Innovation Officer and a member of the Board. This press release features multimedia. View the full release here: https://
Evolv Technology (NASDAQ:EVLV) ("Evolv" or the "Company"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today provided an update on select strategic metrics1 for the three-month period ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121322669/en/ During the third quarter of 2024, the Company: Surpassed 2 billion visitors screened since inception; Activated approximately 465 new multi-year subscriptions of Evolv Express; Added over 100 additional school buildings and now serves over 1,100 school buildings; Added over 30 additional
Reaffirms Revenue Recognition Impact of $4 to $6 million Ending Cash Position of Approximately $56 Million as of September 30, 2024, Consistent with Internal Forecasts Announces Remedial Actions and Organizational Changes, Including the Resignation of the Company's Chief Financial Officer Hires Leading Business Advisory Firm, AlixPartners, to Provide Interim Finance and Accounting Resources Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the results of the internal investigation previously disclosed on October 25, 2024, into certain sales practices tha
Michael Ellenbogen, Co-Founder, Chief Innovation Officer and Board Member, Named Interim President and CEO Board Continues Ongoing Search for New CEO Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based screening designed to create safer experiences, today announced that on October 30, 2024, the Company's Board of Directors (the "Board") terminated Peter George, President and Chief Executive Officer of Evolv, without cause, effective immediately. The Board has appointed Michael Ellenbogen, Evolv's Chief Innovation Officer and a member of the Board, as Interim President and Chief Executive Officer. Mr. Ellenbogen is a season
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 01, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. (NASDAQ:EVLV) investors that a lawsuit was filed on behalf of investors that purchased Evolv securities between June 28, 2021 and March 13, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss in
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. (NASDAQ:EVLV) investors that a lawsuit was filed on behalf of investors that purchased Evolv securities between June 28, 2021 and March 13, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss
Weapons Detection Tech Now Used By Texas MLS, MLB, NBA and NFL Teams Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with Major League Soccer's FC Dallas. With the start of the FC Dallas regular season at Toyota Stadium this month, it will now use Evolv Express® systems to screen fans and staff at all of its entrances. Toyota Stadium can accommodate more than 19,000 fans, and Express allows fans to move through the entrances at pace. FC Dallas saw the success of Evolv at other facilities across MLS and switched to Express from metal detectors, which contributed to long line
Company Welcomes Growth Marketing Expert to Accelerate Strong Trajectory and Increasing Demand for AI-Based Security Screening Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, today announced the appointment of Courtney Cunnane as Chief Marketing Officer, effective November 20, 2023. A growth marketing expert with deep expertise in the technology industry, Ms. Cunnane complements the expanding Evolv marketing organization and will lead the team as the company reaches its next level of growth. Courtney comes to Evolv from software company SmartBear, where she served as the Senior Vice President of Growth Marketing and Demand Generation. In this